Global Cold Chain Telematics Market Size Study, by Offering (Hardware and Software), by Logistics (Storage and Transportation), by Application (Pharmaceuticals & Healthcare, Chemicals), by Temperature, and Regional Forecasts 2022-2032

The Global Cold Chain Telematics Market was valued at approximately USD 6.18 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 16.60% over the forecast period 2024-2032. The market is witnessing remarkable growth due to the increasing demand for real-time monitoring solutions in temperature-sensitive supply chains. As industries such as pharmaceuticals, food & beverages, and chemicals rely heavily on precise temperature control, telematics solutions have become an indispensable tool to ensure product integrity, regulatory compliance, and operational efficiency.

With the growing emphasis on automation and digitization in logistics, cold chain telematics is evolving rapidly. IoT-enabled sensors, GPS tracking, and AI-driven predictive analytics are transforming how companies monitor and manage perishable goods. These systems not only enable real-time tracking of shipment conditions but also help in proactive maintenance, reducing risks associated with temperature fluctuations. Furthermore, cloud-based telematics platforms are enhancing connectivity, enabling businesses to access critical data remotely and optimize their cold chain operations.

Strict regulatory guidelines regarding pharmaceutical and food safety standards are further propelling market growth. The Food and Drug Administration (FDA), European Medicines Agency (EMA), and other global regulatory bodies mandate stringent compliance measures to ensure safe transport of vaccines, biologics, and perishable food products. The rising adoption of telematics-enabled fleet management systems to enhance fuel efficiency, reduce transit risks, and comply with evolving regulatory frameworks is driving the market forward. However, challenges such as high installation costs, cybersecurity concerns, and integration complexities with legacy logistics systems may hinder adoption, particularly among small and mid-sized enterprises.

From a regional perspective, North America dominates the cold chain telematics market, fueled by robust investments in logistics infrastructure, advanced IoT deployments, and stringent regulations in the pharmaceutical and food sectors. Meanwhile, Europe is experiencing significant growth, driven by the increasing adoption of smart cold chain solutions and sustainability initiatives aimed at reducing food waste. Asia Pacific is poised to register the fastest growth, owing to rapid industrialization, expanding e-commerce logistics, and the growing demand for temperature-controlled transportation in key markets such as China, India, and Japan. Additionally, Latin America and the Middle East & Africa are emerging as lucrative markets, driven by improving cold storage infrastructure and the rising import-export of perishable commodities.

Major Market Players Included in This Report:
• Sensitech Inc.
• ORBCOMM Inc.
• Samsara Inc.
• Thermo King Corporation
• AT&T Inc.
• Trimble Inc.
• Geotab Inc.
• Verizon Connect
• Carrier Transicold
• Controlant
• Monnit Corporation
• Schmitz Cargobull AG
• Emerson Electric Co.
• CalAmp Corp.
• Spireon Inc.

The Detailed Segments and Sub-Segments of the Market Are Explained Below:

By Offering:
• Hardware
• Software

By Logistics:
• Storage
• Transportation

By Application:
• Pharmaceuticals & Healthcare
• Chemicals

By Temperature:
• Frozen
• Chilled
• Ambient

By Region:

North America:
• U.S.
• Canada

Europe:
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific:
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America:
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa:
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Years Considered for the Study:
• Historical Year: 2022
• Base Year: 2023
• Forecast Period: 2024 to 2032

Key Takeaways:
• Market Estimates & Forecasts spanning 10 years from 2022 to 2032.
• Annualized revenue analysis at regional and segment levels.
• Comprehensive competitive landscape assessment of major industry players.
• Strategic business recommendations for future market growth.
• In-depth analysis of market trends, technological advancements, and investment opportunities.
• Demand-side and supply-side analysis to understand industry dynamics.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.