Global Smart Container Market Size study, By Offering (Hardware, Sensors, Software, Services, Others), By Technology (GPS (Global Positioning System), Cellular, LoRa WAN (Long Range Wide Area Network), BLE, Others), By End-use Industries (Food & Beverages

Global Smart Container Market Size study, By Offering (Hardware, Sensors, Software, Services, Others), By Technology (GPS (Global Positioning System), Cellular, LoRa WAN (Long Range Wide Area Network), BLE, Others), By End-use Industries (Food & Beverages, Pharmaceutical, Oil & Gas, Chemicals, Others), and Regional Forecasts 2022-2028

Global Smart Container Market is valued at approximately USD 3.55 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 16.9% over the forecast period 2022-2028. Smart containers are shipping containers that are highly adopted in freight and logistics and are incorporated with the Internet of Things (IoT) technologies, GPS tracking, sensors, and solar panels. These containers are used to improve security, monitor the internal temperature, and offer real-time GPS tracking. The growing concerns regarding wastage of food and medical products due to temperature deviation, the surging adoption of IoT devices by major shipping companies, and the increasing need for improving operational efficiency and safety across the container shipping sector are the chief driving factors for the market growth across the globe. For instance, according to the DataProt, in 2021, there were more than 10 billion active IoT devices were accounted for globally and the number is anticipated to grow and likely surpass 25.4 billion by 2030. Therefore, the increasing demand for IoT devices worldwide is also influencing the demand for smart containers, which, in turn, excel the market growth in the near future. However, rising concerns regarding security and privacy and the high cost of implementation impede the growth of the market over the forecast period of 2022-2028. Also, the growing focus of the shipping industry on the environment and sustainability and the rise in investments in container management technologies is anticipated to act as catalyzing factors for the market demand during the forecast period.

The key regions considered for the global Smart Container Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Europe is the leading region across the world in terms of market share owing to the rising export of the food & beverages and wide-scale adoption of advanced technology in smart containers. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the growth of the end-use industries such as food & beverages, pharmaceutical, oil & gas, etc., as well as rising adoption of emerging technologies, would create lucrative growth prospects for the Smart Container Market across the Asia-Pacific region.

Major market players included in this report are:
Orbcomm
Smart Containers Group AG
Traxens
Globe Tracker
Nexxiot AG
Phillips Connect Technologies
SeaLand
Robert Bosch Manufacturing Solutions
Ambrosus
ZillionSource Technologies Co., Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Offering:
Hardware
Sensors
Software
Services
Others
By Technology:
GPS (Global Positioning System)
Cellular
LoRa WAN (Long Range Wide Area Network)
BLE
Others
By End-use Industries:
Food & Beverages
Pharmaceutical
Oil & Gas
Chemicals
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Smart Container Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Orbcomm
Smart Containers Group AG
Traxens
Globe Tracker
Nexxiot AG
Phillips Connect Technologies
SeaLand
Robert Bosch Manufacturing Solutions
Ambrosus
ZillionSource Technologies Co., Ltd.

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