Asset tracking
Secure transportation of goods is essential. Whether it’s food, medical supplies, or consumer goods, cargo must remain preserved, untampered with, and reliably located. This is central to any economy. However, despite its importance, asset tracking and management need serious improvement worldwide. In Europe, cargo theft losses exceed €8 billion annually, with trucking being the biggest target.
82%
Asset tracking OEMs now adopting LPWA-based tracking solutions
1bn
Low-cost battery-powered asset tracking solutions by 2030
65%
Customers avoid buying again after 2-3 late deliveries
The freight industry also faces challenges in preserving perishable goods. In fact, 35–40% of quality losses in goods like fruits, vegetables, and protein products result from improper temperature or atmosphere during transport and distribution. These difficulties are compounded as consumer demand for reliable deliveries grows, with 65% of customers less likely to return to a retailer or supplier after repeated late deliveries.
Thankfully, new connected technologies offer a solution by allowing tracking of cargo status and location. Freight and fleet can now be equipped with IoT modules that deliver real-time asset location information. Many are also compatible with additional sensors that measure and communicate vital information such as humidity, temperature, or impact.
Furthermore, devices also integrate with other technologies such as RFID tags, smart labels, GPS trackers, and telematics systems. Asset tracking devices can also perform edge computing and connect with cloud platforms to aggregate data and enable faster decision-making.
The logistics industry is now moving swiftly towards IoT asset tracking, with the global asset tracking market expected to grow from approximately $23.42 billion in 2024 to $59.64 billion by 2032.
Quectel’s modules operate in remote locations and support various technologies for status and location monitoring. For assets without a power supply, we provide LPWA modules. Importantly, these communicate essential data at low throughput, resulting in ultra-low power consumption and battery life of up to 10 years.
The logistics industry is now moving swiftly toward widespread IoT asset tracking, with the global asset tracking market expected to reach $59.64 billion by 2032. Furthermore, over 80% of asset tracking device manufacturers have adopted or plan to release products with LPWA connections. In fact, LPWA technologies power around 60–70% of the global asset tracking market in 2025.
In recent years, many early adopters — including companies in tightly regulated industries like healthcare — made significant gains. However, smart logistics is now entering the mainstream. For example, major logistics players increasingly use IoT tracking devices in fleets and containers. Automation in warehouses is also on the rise. Meanwhile, IoT devices are becoming more affordable, opening doors for smaller logistics providers to digitize their operations.
IoT tools will soon become as standard in logistics as GPS or email. This shift will drive faster, more efficient, and more sustainable operations across the industry.
Asset tracking requires reliable and precise positioning – our modules provide:
Accurate satellite positioning via Qualcomm IZat technology
MIMO antennas to greatly reduce errors and boost data speeds
Wide temperature range to ensure durability in harsh environments
Backward network compatibility for coverage in remote areas
Uptake across sectors is quickly becoming the norm. By 2030, for example, the total market for low-cost, battery-powered tracking solutions will reach 1 billion devices. This milestone marks a step change in the modern logistics industry. The twin benefits of operational improvements and cost savings already help organizations deliver more value to themselves and their customers. Whether it’s vehicle, freight, or pallet, our range of secure and reliable modules keeps goods safe and ensures they arrive on time.
