The Torrid Pace of AI Adoption in Warehouses and Distribution Centers

#Factoftheweek

The number of active consumer asset tracking devices in Europe and North America reached 15 million at the end of 2024—and it will grow to 30.7 million units by the end of 2029.

That’s a lot of tracking! It’s also a 15.4% growth rate.

Let’s break it down.

Consumer asset tracking devices can use cellular, satellite, LoRa, or Sigfox, and can be divided into four main categories:

• Family and child tracking
• Pet tracking
• Vehicle tracking, including cars, bikes, boats, ATVs, snowmobiles, etc.
• General asset tracking, including bags, luggage, keys, wallets, clothes, electronics, tools, and sports equipment.

In the months ahead, we can anticipate the technology will continue to advance. We can expect improvements in:

• Battery capacity
• Processor power
• Network technology

We can also anticipate AI (artificial intelligence) will have an impact on the market, with new features and functionality in the coming year ...