Dublin, Oct. 25, 2023 (GLOBE NEWSWIRE) -- The "The Cold Chain Tracking and Monitoring Market - 3rd Edition" report has been added to ResearchAndMarkets.com's offering.
The global market for tracking and monitoring refrigerated containers, trailers, swap bodies, rail freight wagons, air freight ULDs, pallets, and cargo boxes is poised for rapid expansion. According to a recent market research report, the installed base of active remote tracking systems for these applications is predicted to grow at a CAGR of 19.4%. It is expected to increase from 4.0 million units at the end of 2022 to 9.7 million units by 2027.
Industries dealing with perishable foods, vaccines, pharmaceuticals, chemicals, and electronics can significantly benefit from these solutions as they are typically sensitive to temperature variations during transportation.
The report highlights that shipments of remote tracking systems, equipped with cellular or satellite communications capabilities for refrigerated cargo-carrying units, reached 725,000 units worldwide in 2022. These shipments are projected to grow at a CAGR of 9.8% and reach 1.2 million units by 2027.
During the same period, the installed base of active tracking devices used for refrigerated cargo-carrying units is forecasted to grow at a CAGR of 13.0%. This will result in an increase from 2.4 million units at the end of 2022 to 4.4 million units by 2027.
For general cargo applications, including insulated cargo boxes and pallet shippers, the number of active tracking devices and real-time data loggers reached 1.6 million units at the end of 2022. The number of active devices is forecasted to reach 5.2 million units by the end of 2027. Annual device shipments in this category are expected to grow from 5.9 million units in 2022 to reach 22.5 million units in 2027.
A wide range of players serves the cold chain tracking and monitoring market, including ORBCOMM, Maersk, and Globe Tracker. This market is expected to continue growing as demand for up-to-date and relevant logistics data increases. This data can be used to optimize logistics processes, improve customer service, and prevent spoilage or damage of high-value cargo. The cost-effectiveness of tracking goods of lower value is also increasing as the cost of IoT devices and connectivity services decreases.
Highlights from the Report:
- Insights from 30 executive interviews with market-leading companies.
- Comprehensive overview of the refrigerated cargo tracking value chain and key applications.
- In-depth analysis of market trends and key developments.
- Summary of major refrigerated cargo tracking initiatives worldwide.
- Updated profiles of 79 cold chain tracking solution providers.
- Detailed forecasts by market segment lasting until 2027.
The full report answers important questions about this market, including leading providers of cold chain tracking solutions, the impact of regulations, drivers behind the adoption of tracking solutions, the latest trends, technological advancements, and future industry evolution.
Company Profiles
- 7PSolutions
- Adapt Ideations
- AddSecure
- ArrowSpot
- Astrata Europe
- Ayantra
- Berlinger
- Bosch
- CalAmp
- Carrier
- CartaSense
- China International Marine Containers (CIMC)
- CLS Group
- Cold Chain Technologies
- Contguard
- Controlant
- Cooltrax
- Copeland
- Cryoport
- CSafe Global
- Daikin Industries
- DB Schenker
- DeltaTrak
- Digi International
- ELPRO (Bosch)
- Envirotainer
- Envotech
- EROAD
- Escavox
- FedEx
- Frigga (Shanghai Dewav IoT Technology)
- G7 Yiliu
- Globe Tracker
- Hanhaa
- Hapag-Lloyd
- Idem Telematics (BPW)
- Intelyt
- Intermodal Telematics
- Kirsen Global Security
- Krone
- Maersk
- Maersk Container Industry
- Mitsubishi Heavy Industries
- Motive Technologies
- Nexxiot
- OnAsset Intelligence
- Onset
- ORBCOMM
- ParkourSC
- Powerfleet
- Purfresh
- Roambee
- Samsara
- SAVVY Telematic Systems
- Schmitz Cargobull
- Sendum Wireless
- Sensitech (Carrier)
- Sensolus
- Sonoco ThermoSafe
- Sony
- Spireon (Solera)
- Swinnus
- Sycada
- T Comm Telematics
- T42 IoT Tracking Solutions
- Tempmate
- Thermo King (Trane Technologies)
- Tive
- Transics (ZF)
- Trusted
- TSS
- Ubidata
- UPS
- Utility Trailer Manufacturing
- Versa
- WITRAC
- Xsense
- Zenatek
- ZIM
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 171 |
| Forecast Period | 2022 - 2027 |
| Estimated Market Value (USD) in 2022 | $4 Million Units |
| Forecasted Market Value (USD) by 2027 | $9.7 Million Units |
| Compound Annual Growth Rate | 19.4% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/9hqxw
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