Airport asset tracking to hit 0.3m units in 2022
June 5, 2018
The global installed base of airport asset tracking systems will reach 0.3 million units in 2022, according to market watcher Berg Insight.
It estimates that the global installed base of active airport asset tracking systems was less than 0.2 million units in 2017. Growing at a compound annual growth rate (CAGR) of 12.5 per cent, the active installed base is estimated to reach close to 0.3 million units worldwide in 2022.
This includes all airport asset tracking systems deployed for various motorised ground support equipment, non-motorised equipment and other applicable airport assets including on-road vehicles used in airport environments.
The airport asset tracking market is served by a number of different types of players, ranging from specialists focused exclusively on tracking for specific airport assets, to companies that offer a more comprehensive set of services for the aviation sector, and more general telematics players that also serve other industries.
Berg ranks Undagrid, Resonate MP4 and Quantum Aviation as the leading providers of airport asset tracking, all having estimated installed bases of 10,000 active units or more. Other notable players include EC2E, Adveez and Pinnacle Telematics, which have installed bases of at least 4000 units each. Targa Telematics is moreover a fast-growing provider that is expected to increase its market share considerably following a strategic alliance with the TCR Group this year.
TCR is also collaborating with Sensolus for non-motorised GSE tracking. Additional players active in the field of airport asset tracking for example include Litum IoT, Inform, Tri-Logical Technologies, Smart Asset Manager, Geotab, ID Systems, Speedshield Technologies and Ctrack (Inseego). The latter cooperates with Undagrid for the non-motorised component of its airport service.
“Relatively different competencies are needed for motorised and non-motorised asset tracking, so partnerships can make perfect sense in order to cover the full spectrum of assets,” said Rickard Andersson, principal analyst at Berg Insight.