Global Smart Container Market to Grow at 15.7% During 2024-2032, Spurred by Widespread Integration with Advanced Technologies

July 13, 2021 | Automotive Industry

According to the latest report by IMARC Group, titled "Smart Container Market Report by Offering (Hardware, Software, Services), Technology (GPS (Global Positioning System), Cellular, LoRa WAN (Long Range Wide Area Network), Bluetooth Low Energy (BLE), and Others), Vertical (Food and Beverages, Pharmaceuticals, Oil and Gas, Chemicals, and Others), and Region 2024-2032," the global smart container market is expected to exhibit a CAGR of 15.7% during 2024-2032. Smart containers refer to shipping and transportation containers that are used in freight and logistics. They are often integrated with advanced technologies that enable them to offer real-time tracking and monitoring of the shipment. Moreover, these containers assist in identifying lost or misrouted containers while also offering pertinent information, such as humidity, pressure and temperature of the containers. They involve the utilization of the Internet of Things (IoT), sensors, GPS tracking, global positioning system, Long Range Wide Area Network (LoRa WAN) and solar panels. They are commonly marked with a unique identification code that requires to be scanned at entry and exit points by the transportation management system (TMS).

Global Smart Container Market Trends:

The global market is majorly driven by considerable growth in the logistics sector. There has been a rising requirement for secured transportation of goods from numerous industries, such as chemical, oil and gas, and pharmaceutical, which has led numerous companies to invest in smart containers. Moreover, continual technological advancements in the market are creating a positive outlook for the market. For instance, the widespread integration of the Internet of Things (IoT), blockchain and big data solutions with these containers are expected to provide a boost to the market growth. Additionally, the increasing deployment of LoRa WAN technology for efficient management of shipments is also acting as a major growth-inducing factor since this technology provides improved bandwidth capabilities to aid in in-depth indoor penetration and reduce the chances of signal reflection from the container’s surface. Some of the other factors contributing to the market growth include the growing popularity of online grocery services and the continual investments for improving container management technologies. 

Market Summary:

  • On the basis of the offering, the market has been divided into hardware, software and services.
  • Based on the technology, the market has been classified into GPS (Global Positioning System), cellular, LoRa WAN (Long Range Wide Area Network), Bluetooth Low Energy (BLE), and others.
  • On the basis of the vertical, the market has been segmented into food and beverages, pharmaceuticals, oil and gas, chemicals, and others.
  • On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Ambrosus, Globe Tracker, ApS., Nexiot AG, Orbcomm Inc., Phillips Connect Technologies LLC (R. A. Phillips Industries Inc.), Robert Bosch Manufacturing Solutions GmbH, Smart Containers Group AG, SeaLand (Maersk Group), Traxens and Zillionsource Technologies Co. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Offering, Technology, Vertical, 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 Ambrosus, Globe Tracker, ApS., Nexiot AG, Orbcomm Inc., Phillips Connect Technologies LLC (R. A. Phillips Industries Inc.), Robert Bosch Manufacturing Solutions GmbH, Smart Containers Group AG, SeaLand (Maersk Group), Traxens and Zillionsource Technologies Co. Ltd.
Customization Scope 10% Free Customization
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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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Global Smart Container Market to Grow at 15.7% During 2024-2032, Spurred by Widespread Integration with Advanced Technologies
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