Fractus has signed an agreement with a provider of asset tracking solutions for fleet and cargo applications, strengthening its position in one of the fastest-growing segments of the industrial IoT market.
The company behind the agreement is a global player in tracking and monitoring solutions used across logistics and supply chain operations, with a strong footprint in high-value cargo and connected asset visibility. For Fractus, the deal marks an important step deeper into a vertical where reliable wireless performance is essential for real-time monitoring, telematics and large-scale asset intelligence.
The timing is significant. The fleet and cargo tracking market is expanding rapidly as logistics operators invest in better visibility, condition monitoring and control across mobile assets. According to Berg Insights, annual shipments of cargo and cargo-carrying unit tracking solutions are forecast to grow from 1.9 million units in 2024 to 3.7 million units in 2029, a 13.6% compound annual growth rate. Over the same period, the installed base is expected to rise from 5.8 million to 13.7 million units.
Read more: iotglobalnetwork.com
