The installed base of active airport asset tracking systems will reach 0.3 million units in 2022 from less than 0.2 million units in 2017, growing at a compound annual growth rate (CAGR) of 12.5 percent.
This includes airport asset tracking systems deployed for various motorised ground support equipment (GSE), non-motorised equipment (NME) as well as other applicable airport assets including on-road vehicles used in airport environments.
Undagrid, Resonate MP4 and Quantum Aviation Solutions are the leading providers of airport asset tracking solutions – with estimated installed bases of 10,000 active units or more.
Other notable players include EC2E, ADVEEZ and Pinnacle Telematics which all have installed bases of at least 4,000 units each.
Targa Telematics is expected to increase its market share considerably following a strategic alliance with the new partner TCR Group in 2018.
TCR is collaborating with Sensolus for non-motorised GSE tracking. Additional players active in the field of airport asset tracking include Litum IoT, INFORM, Tri-Logical Technologies, Smart Asset Manager, Geotab, I.D. Systems, Speedshield Technologies and Ctrack (Inseego).
“Different competencies are needed for motorised and non-motorised asset tracking. Partnerships can make perfect sense in order to cover the full spectrum of assets,” said Rickard Andersson, principal analyst, Berg Insight.