Cold Chain Telematics Market Size, Share & Trends Analysis By Component (Hardware, Software), By Temperature Range, By Application (Food & Beverages, Pharmaceuticals), By Region, And Segment Forecasts, 2024 - 2030

Cold Chain Telematics Market Size, Share & Trends Analysis By Component (Hardware, Software), By Temperature Range, By Application (Food & Beverages, Pharmaceuticals), By Region, And Segment Forecasts, 2024 - 2030

Cold Chain Telematics Market Size & Trends

The global cold chain telematics market size was estimated at USD 5.63 billion in 2023 and is projected to grow at a CAGR of 23.9% from 2024 to 2030. The growth of the global market is being driven by a combination of technological advancements, increasing demand for perishable goods, regulatory requirements, and the need for enhanced supply chain visibility and efficiency. Cold chain telematics is a technology-driven approach used in the logistics and supply chain industry to monitor and manage the transportation of temperature-sensitive goods. This system integrates telecommunications, informatics, and data analytics to provide real-time visibility, tracking, and control over the conditions of products throughout the cold chain.

Cold chain telematics systems can send real-time alerts and notifications via SMS, email, or mobile apps if temperature, humidity, or other conditions deviate from preset thresholds. This allows for immediate corrective action to prevent product spoilage or damage. Telematics devices record data over time, providing a historical log of temperature, humidity, and location information. This data is essential for auditing, regulatory compliance, and quality control purposes. Devices often include wireless connectivity options such as Global System for Mobile Communication (GSM), Long-Term Evolution (LTE), Bluetooth, or Wi-Fi, enabling data transmission to central monitoring systems or cloud-based platforms. This connectivity supports real-time data access and remote monitoring.

As supply chains become more global, the need for consistent monitoring across different regions and transportation modes becomes critical. Cold chain telematics offers a solution for managing complex logistics networks, ensuring that products are kept within safe temperature ranges across long distances. Cold chain telematics helps identify potential risks in the supply chain, such as delays, equipment failures, or adverse environmental conditions. By addressing these risks promptly, companies can avoid significant losses and ensure that products reach their destination in good condition.

The development of advanced sensors and the integration of the Internet of Things (IoT) in cold chain telematics systems have improved the accuracy and reliability of monitoring solutions. IoT-enabled devices can collect and transmit large amounts of data in real time, enhancing visibility and control. The ability to analyze data collected by telematics systems enables predictive maintenance and decision-making. Companies can anticipate potential issues before they arise, optimizing maintenance schedules and minimizing downtime.

Companies are continually innovating and launching new cold chain monitoring solutions, positively impacting the growth of the cold chain telematics market. For instance, in September 2022, Astrata, a Singapore-based company, announced the launch of ColdLinc ColdLinc solution includes a compact digital thermograph that accurately records and monitors the temperature of cargo, trailers, and containers, in real time, with a precision of 0.01°C. This system is essential for industries such as pharmaceuticals and food retail, ensuring compliance with European Union (EU) regulations and Good Distribution Practice standards, with digitally accessible temperature data for verification purposes.

Global Cold Chain Telematics Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global cold chain telematics market report based on component, temperature range, application, and region.

• Component Outlook (Revenue, USD Million, 2017 - 2030)
• Hardware
• Software
• Temperature Range Outlook (Revenue, USD Million, 2017 - 2030)
• Chilled (0°C to 15°C)
• Frozen (-18°C to -25°C)
• Deep-frozen (Below -25°C)
• Application Outlook (Revenue, USD Million, 2017 - 2030)
• Food & Beverages
• Fruits & Vegetables
• Fruit Pulp & Concentrates
• Dairy Products
• Milk
• Butter
• Cheese
• Ice cream
• Others
• Fish, Meat, and Seafood
• Processed Food
• Bakery & Confectionary
• Others
• Pharmaceuticals
• Vaccines
• Blood Banking
• Others
• Others
• Regional Outlook (Revenue, USD Million, 2017 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Asia Pacific
• India
• China
• Japan
• South Korea
• Australia
• Latin America
• Brazil
• Middle East and Africa (MEA)
• Kingdom of Saudi Arabia (KSA)
• UAE
• South Africa

Please note The report will be delivered in 4-8 business days upon order notification.