In a report recently released by Berg Insight, the market analysis firm projects that the global installed base of active airport asset tracking systems will grow at a compound annual growth rate of 17.1% to reach 0.4 million units by 2023.
Currently, the figure stands at less than 0.2 million in 2018, which accounts for all airport asset tracking systems utilised with motorised ground support equipment (GSE) and non-motorised equipment (NME). Also factored in are applicable airport assets including on-road vehicles used in airport environments.
Rickard Andersson, principal analyst, Berg Insight, said: “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”.
As part of its analysis, Berg Insight ranked the most popular vendors of airport asset tracking solutions in terms of installed base — Undagrid (GSEtrack), Quantum Aviation Solutions and Resonate MP4 (XOPS).
“Both Undagrid and Quantum have reached more than 10,000 active units”, said Andersson.
“Additional players active in the airport asset tracking market, for example, include Litum IoT, DigiMobi, EC2E, INFORM, Inseego, Tri-Logical Technologies, Smarter Asset Management, Katlyn International, Speedshield Technologies and Geotab, all having installed bases of at least 1,000 units each,” he added.