The Cold Chain Tracking and Monitoring Market 4th Edition

The Cold Chain Tracking and Monitoring Market 4th Edition

The Cold Chain Tracking and Monitoring Market is the fourthconsecutive report from Berg Insight analysing the latestdevelopments on the remote tracking solution market for refrigeratedcargo and cargo carrying units (trailers, intermodal containers,air freight ULDs and rail freight wagons). This strategic researchreport from Berg Insight provides you with 180 pages of uniquebusiness intelligence including 5-year industry forecasts and expertcommentary on which to base your business decisions.

The Cold Chain Tracking and Monitoring Market 4th Edition

Perishable foods, vaccines, pharmaceuticals, chemicals and electronics are typically sensitiveto exposure to temperature variations as well as shock, tilt, vibrations and light. These types ofgoods require a steady and controlled temperature environment throughout the entire supplychain. Cold chain is the most commonly used name to describe such supply chains. Refrigeratedtrailers, intermodal containers, air freight ULDs, rail freight wagons and other logistics units suchas insulated cargo boxes and pallet shippers are used to maintain a steady cargo temperatureduring transportation. The global fleet of refrigerated trailers and intermodal containers amountsto about 5.0 million units combined. The number of temperature-controlled ULDs and rail freightwagons in use globally are in the tens of thousands.

Cold chain tracking and monitoring solutions that enable real-time data on cargo location andcondition provide significant value for cargo owners and logistics service providers. About onethird of all food produced for human consumption globally is wasted. It is estimated that up to15 percent of the wastage occurs post-harvest and before reaching the retail store, i.e. mainlyduring transport. Temperature excursions during transport that are not managed properly is acommon reason for spoilage. If there is no data available on temperature levels during transport,supply chain managers will not be able to prevent spoilage.

Berg Insight’s definition of a real-time cold chain tracking solution is a system that incorporatesdata logging, satellite positioning and data communications to a backoffice application. Thetracking device can be designed to track the cargo carrying unit (i.e. trailer, intermodal container,air freight ULD, rail freight wagon etc.) or the cargo itself. Cargo carrying unit tracking devicesare permanently or temporarily installed on the container unit while cargo tracking devices aretypically placed with the cargo or attached to the cargo box or pallet during transport. A rangeof device form factors and technologies are available on the market serving different needs.

Berg Insight estimates that shipments of remote tracking systems with cellular or satellitecommunications capabilities for refrigerated cargo carrying units reached 765,000 unitsworldwide in 2023. Growing at a compound annual growth rate (CAGR) of 8.7 percent,shipments are expected to reach close to 1.2 million units in 2028. During the same period, theinstalled base of active remote tracking systems for refrigerated cargo carrying units is forecastedto grow at a CAGR of 10.8 percent from 2.7 million units at the end of 2023 to 4.5 million units by2028. The number of active tracking devices and real-time data loggers in use for general cargoapplications, including insulated cargo boxes and pallet shippers, reached close to 2.2 millionunits at the end of 2023. The market segment is set for rapid growth in the coming years asprices are expected to decrease and smart labels and other devices with a very small footprintare being introduced. The number active devices in use are forecasted to reach 6.9 million unitsat the end of 2028. Yearly device shipments in this category will grow from 7.6 million units in2023 to reach 27.4 million units in 2028. The segment includes both multi-use trackers andsingle-use disposable trackers.

The cold chain tracking and monitoring market is served by a wide range of players. ORBCOMMhas a large installed base of connected vehicles and assets. The company is the number oneplayer in the refrigerated trailer and container tracking segment with over 0.5 million unitsinstalled. Maersk has rolled out a system for real-time tracking of its entire fleet of around 380,000refrigerated containers, making it the largest refrigerated container tracking project worldwide.The container tracking specialist Globe Tracker is the third largest provider of tracking solutionsfor refrigerated containers. The company has equipped the major shipping company Hapag-Lloyd’s entire reefer container fleet with tracking units. Additional leading players in therefrigerated intermodal container tracking segment include Envotech, Cooltrax and Copeland(formerly Emerson Climate Technologies). Leading refrigerated trailer tracking players moreoverinclude Spireon, Schmitz Cargobull, CalAmp, EROAD, Krone, Samsara, Motive and IdemTelematics. Intermodal Telematics and SAVVY Telematics Systems are leading vendors oftemperature-controlled tank container tracking solutions.

DeltaTrak, Sensitech (part of Carrier), Controlant, Tive, Frigga (part of Dewav ElectronicTechnology) and Copeland (formerly Emerson Climate Technologies) are leading players in therefrigerated cargo tracking segment, each with hundreds of thousands of deployed real-time tracking devices. These companies’ solutions are based on trackers that are placed togetherwith the cargo during transport and can be used for various modes of transportation includingair shipments. Additional players in the segment include OnAsset Intelligence, Roambee, AdaptIdeations, Tempmate, Hive-Zox, Onset, Escavox, 7PSolutions, Intelyt and Qualcomm. Sensosand Trackonomy are also part of this segment, offering smart label solutions. There arefurthermore several cold chain logistics service providers that offer cargo location and conditiontracking as a service for their customers, including DB Schenker, FedEx and UPS.