Cold Chain Tracking and Monitoring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Cold Chain Tracking and Monitoring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A6056
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Market Overview:

The global cold chain tracking and monitoring market size reached US$ 5.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.0 Billion by 2028, exhibiting a growth rate (CAGR) of 11.17% during 2023-2028.

Cold chain tracking and monitoring represents a sophisticated, uninterrupted supply system that employs the Internet of Things (IoT) technology for supervising temperature-sensitive perishable products, including vaccines, chemicals, and pharmaceutical items. It aids in maintaining the quality of the item throughout the production, storage, and transportation processes by performing real-time tracking operations and acquiring essential data regarding the product. Apart from this, cold chain tracking and monitoring assists in extending the shelf life of fresh and frozen food products as they meet their constant requirement of refrigeration while offering a quality management system. At present, they are commercially categorized into varying systems and solutions.

Cold Chain Tracking and Monitoring Market Trends:

One of the key factors driving the cold chain tracking and monitoring market growth is the increasing demand for the solution across the pharmaceutical and healthcare industries. In line with this, they are widely used for trading perishable medical supplies, such as biological specimens, tissues, vaccines and oncology drugs, thus propelling the market growth. This is further supported by the coronavirus disease (COVID-19) pandemic, which, in turn, has intensified the adoption of cold chain tracking and monitoring across the globe for maintaining the chemical stability and efficacy of the vaccines. Additionally, the rising industrial need for remotely operated automated logistic storage facilities to maintain the quality standards of various products is positively impacting the market growth. In line with this, the integration of radio-frequency identification (RFID) and the Internet of Things (IoT) sensors into the transportation pallets for tracking assets, managing inventory, and enhancing data accuracy are contributing to the market growth. Other factors, such as the escalating usage of e-commerce platforms to order consumer goods, rapid establishment of refrigerated warehouses, and the rising requirement amongst manufacturers to achieve an end-to-end visibility and condition monitoring throughout the supply chain operation, are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cold chain tracking and monitoring market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on system, solution and end user.

Breakup by System:

  • Hardware
  • Software
     

Breakup by Solution:

  • Storage
  • Transportation
     

Breakup by End User:

  • Healthcare
  • Pharmaceuticals
  • Food and Beverage
  • Chemical
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AmeriCold Logistics LLC, Berlinger & Co. AG, Carrier Global Corporation, Cold Chain Technologies, Controlant, Ellab Monitoring Solutions Ltd., ELPRO-BUCHS AG, Monnit Corporation, Orbcomm, Rotronic AG (Process Sensing Technologies Limited), Savi Technology and Zest Labs Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
 Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage System, Solution, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AmeriCold Logistics LLC, Berlinger & Co. AG, Carrier Global Corporation, Cold Chain Technologies, Controlant, Ellab Monitoring Solutions Ltd., ELPRO-BUCHS AG, Monnit Corporation, Orbcomm, Rotronic AG (Process Sensing Technologies Limited), Savi Technology and Zest Labs Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Cold Chain Tracking and Monitoring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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