Gothenburg, Sweden – April 1, 2020 (Investorideas.com Newswire) Berg Insight has found that the global installed base of active airport asset tracking systems was over 0.2 million units in 2019. This includes all airport asset tracking systems deployed for various motorised ground support equipment (GSE), non-motorised equipment (NME) as well as other applicable airport assets such as on-road vehicles used in airport environments. Growing at a compound annual growth rate (CAGR) of 15.4 percent, the active installed base is estimated to reach close to 0.5 million units worldwide in 2024. The current crisis in the aviation industry due to the COVID-19 pandemic will likely also slow down the airport asset tracking market in the short-term. Berg Insight nevertheless anticipates increasing uptake of airport asset tracking during the forecast period driven by a number of trends related to technological advancements, collaboration and innovation among the solution providers and their prospective customers.
“The airport asset tracking market is served by a number of different types of players, ranging from specialists focused exclusively on tracking and management solutions for specific airport assets, to companies that offer a more comprehensive set of solutions for the aviation sector, and more general telematics players that also serve other industries”, said Rickard Andersson, Principal Analyst, Berg Insight. Berg Insight ranks Undagrid (GSEtrack), Quantum Aviation Solutions, Resonate MP4 (XOPS) and ADVEEZ as the leading vendors of airport asset tracking solutions in terms of installed base. Undagrid and Quantum have installed bases exceeding 10,000 active units each. “Additional major players include Targa Telematics and Sensolus, which have both partnered with the GSE rental company TCR Group, as well as INFORM, Pinnacle and Smarter Asset Management”, continued Mr. Andersson. He adds that Pinnacle (iMATS) has notably partnered with Honeywell which has signed a major agreement with Swissport to deploy ground handling services jointly developed with Pinnacle. Smarter Asset Management (SAM) has in turn signed a global contract with Menzies Aviation to roll out telematics. “Other players active in the airport asset tracking space include Litum IoT, EC2E, DigiMobi, Inseego, Tri-Logical Technologies, Transpoco, Katlyn International, Speedshield Technologies, SpaceTeam, Geotab and the Ortus Group, all having installed bases of at least 1,000 units each”, concluded Mr. Andersson.
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About Berg Insight
Berg Insight is a dedicated M2M/IoT market research firm based in Sweden. We have been specialising in all major M2M/IoT verticals such as fleet management, car telematics, smart metering, smart homes, mHealth and industrial M2M since 2004. Our vision is to be the most valuable source of intelligence for our customers. Berg Insight offers numerous market reports, detailed market forecast databases and advisory services. We provide custom research tailored to your requirements including focussed research papers, business case analysis, go-to-market strategies and bespoke market forecasting. We have provided analytical services to 1000 clients in 72 countries on six continents to date. Our customers range from many of the world’s largest mobile operators, IT companies and telecom vendors, to venture capitalists, technology start-ups and specialist consultants.
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