LoRa Technology Has Been Widely Used In Asset Tracking Solution

It can be challenging to keep track of assets, such as vehicles, parcels, machines and equipment.

It is also costly, approximately $10.21 billion in 2016,   according to Transparency Market Research, an analyst company. And they predict that the market for connected logistics will increase to $55.17 billion over the next eight years.

In early stages, the connectivity used for asset tracking was either cellular or satellite. The objective was purely to location of the asset remotely transmitted to the data center. However, with the evolution toward IoT and the increasing availability of new technologies—such as wireless radio frequency technology (LoRa Technology) and a LoRaWAN® low-power wide-area network—asset-tracking applications are becoming more ubiquitous and sophisticated. We are now not only able to track the position of the asset, but also able to get much more essential information, such as the status of the asset, the temperature & humidity, the speed and the direction of the movement.

There are four fundamental elements of an LoRa-based asset-tracking solution:

1. The LoRaWAN tracker, which is a position sensor

2. The LoRaWAN gateway and the NS that sends the data packet from the tracker to the management center

3. The platform for device management

4. The application software, such as enterprise resource planning (ERP), warehouse management system and many others.