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

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

Report Format: PDF+Excel | Report ID: SR112024A2904
Buy Now

Smart Container Market Size:

The global smart container market size reached US$ 3.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.8 Billion by 2032, exhibiting a growth rate (CAGR) of 15.7% during 2024-2032. The market is propelled by the significant technological advancements, increasing supply chain efficiency, stringent regulatory compliance, rapid e-commerce growth, increasing adoption of blockchain, rising sustainability initiatives, and integration with cloud computing.

Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023 US$ 3.7 Billion
Market Forecast in 2032 US$ 13.8 Billion
Market Growth Rate 2024-2032 15.7%


Smart Container Market Analysis:

  • Major Market Drivers: The major market factors driving the market are significantly increasing advancements in IoT and AI integration, escalating demand for real-time tracking and monitoring, strict regulations on food and pharmaceutical transportation, and rising need for efficient logistics and delivery systems.
  • Key Market Trends: Some of the key market trends include the improving transparency and security in logistics, rising focus on minimizing carbon footprint and waste, and increasing demand for temperature-sensitive goods.
  • Geographical Trends: The stringent regulations for food safety and [pharmaceutical transport, well-developed logistics and transportation networks, and significant trade volumes are driving the growth of the European smart container market.
  • Competitive Landscape: 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., are among some of the key players in the smart container industry. 
  • Challenges and Opportunities: Some of the challenges of this industry substantial investment for smart container technology, risks related to data breaches and cyber-attacks, and reduced adoption rates due to minimal awareness among smaller businesses. Whereas, some of the most prevalent business opportunities in the smart container market include continuous innovation in IoT and AI, rising demand for efficient and reliable logistics solutions, and untapped potential in developing economies.
     

Global Smart Container Market Report


Smart Container Market Trends:

Significant Technological Advancements

Technological advancements, especially in the realms of the Internet of Things (IoT) and Artificial Intelligence (AI), are crucial in driving the global smart container market. IoT technology equips containers with advanced sensors that continuously monitor critical parameters such as temperature, humidity, shock, and location in real-time. This comprehensive monitoring ensures the safety and integrity of the cargo, which is essential for industries handling sensitive items such as pharmaceuticals and perishable goods. The integration of AI further enhances these capabilities by analyzing the collected data to predict potential issues before they arise, optimizing transportation routes for efficiency, and minimizing downtime due to unforeseen problems. This synergistic use of IoT and AI improves the reliability and efficiency of the supply chain and significantly reduces operational costs by preventing cargo spoilage and ensuring timely deliveries. Such technological innovations make smart containers indispensable in modern logistics, promoting their widespread adoption across various sectors, thereby creating a positive smart container market outlook.

Supply Chain Efficiency

Efficiency in the supply chain is another significant factor propelling the smart container market. According to the IMARC GROUP, the global supply chain analytics market reached US$ 8.1 Billion in 2023, and is expected to reach US$ 30.6 Billion by 2032, exhibiting a CAGR of 15.5% during 2024-2032. Smart containers provide real-time tracking and monitoring capabilities that greatly enhance visibility across the entire supply chain, leading to a robust smart container market growth. This transparency empowers businesses to make swift, informed decisions, thereby reducing delays and ensuring timely delivery of goods. By offering precise data on the status and location of shipments, smart containers help prevent common logistical issues such as misrouting or prolonged storage times. Additionally, these containers can optimize internal conditions such as temperature and humidity, crucial for minimizing spoilage and waste, especially in industries dealing with perishable goods such as food and pharmaceuticals. This optimization ensures the quality and safety of the cargo and also leads to significant cost savings by reducing the loss of goods.

Regulatory Compliance

Regulatory compliance is one of the most pivotal smart container market drivers, especially in sectors handling food, pharmaceuticals, and hazardous materials. Governments and regulatory bodies across the globe enforce stringent regulations to guarantee the safe and secure transport of sensitive goods. Failure to comply can lead to severe penalties, product recalls, and reputational damage. Smart containers, equipped with advanced monitoring and reporting capabilities, are designed to meet these rigorous standards efficiently. They provide precise, real-time data on various parameters such as temperature, humidity, and location, ensuring that the cargo remains within prescribed safety limits throughout its journey. This continuous monitoring and transparent reporting enable companies to demonstrate compliance with regulatory requirements effectively. Additionally, the ability to promptly identify and address any deviations from set conditions helps prevent potential breaches of safety standards, thereby safeguarding both the products and the public. The smart container industry overview highlights significant growth driven by technological advancements, regulatory compliance, and the increasing need for efficient supply chain solutions.

Smart Container Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on offering, technology, and vertical.

Breakup by Offering:

  • Hardware
  • Software
  • Services
     

Hardware accounts for the majority of the market share

The smart container market research report has provided a detailed breakup and analysis of the market based on the offering. This includes hardware, software, and services. According to the report, hardware represented the largest segment.

One of the primary reasons hardware holds the largest market share is the high demand for advanced sensor technology. Sensors are integral components of smart containers, as they provide the real-time data necessary for monitoring and maintaining the optimal conditions of the cargo. These sensors track various parameters such as temperature, humidity, shock, and location, ensuring the safety and integrity of the goods. Industries such as pharmaceuticals, food, and chemicals rely heavily on precise environmental control during transport, making robust sensor technology indispensable. The growth of the IoT sector further fuels the demand for sophisticated sensors, as they become more capable and affordable, leading to widespread adoption.

Breakup by Technology:

  • GPS (Global Positioning System)
  • Cellular
  • LoRa WAN (Long Range Wide Area Network)
  • Bluetooth Low Energy (BLE)
  • Others
     

A detailed breakup and analysis of the market based on technology have also been provided in the report. This includes GPS (Global Positioning System), cellular, LoRa WAN (Long Range Wide Area Network), Bluetooth Low Energy (BLE), and others.

GPS technology is a critical segment in the smart container market, offering precise location tracking and real-time data on the movement of goods. GPS-enabled smart containers provide accurate, continuous monitoring of the location of a container, which is essential for efficient logistics management. This technology helps in route optimization, reducing transit times, and ensuring timely delivery of goods. It also plays a crucial role in security, allowing companies to track stolen or misplaced containers swiftly. The ability to monitor containers globally without relying on local infrastructure makes GPS highly valuable for international shipping and cross-border logistics. The widespread availability and reliability of GPS technology have made it a standard in the industry.

Cellular technology is another vital segment in the smart container market, providing robust connectivity for data transmission. Cellular networks enable real-time communication between smart containers and central monitoring systems, facilitating constant data exchange. This technology supports high data transfer rates, making it suitable for transmitting detailed sensor data, including temperature, humidity, and shock information. Cellular networks are widely available and offer extensive coverage, including in urban and suburban areas, making them ideal for land-based logistics.

LoRa WAN technology is a segment that focuses on long-range, low-power communication for smart containers. This technology is particularly suited for applications requiring extended battery life and wide coverage areas, such as remote or rural locations. LoRa WAN enables the transmission of small data packets over long distances, making it ideal for periodic updates on container status without draining the battery quickly. This capability is crucial for monitoring containers in areas where cellular or other connectivity options are limited or unavailable. LoRa WAN networks are cost-effective and scalable, allowing for the deployment of large numbers of smart containers with minimal infrastructure investment.

Bluetooth Low Energy (BLE) technology is an important segment in the smart container market, known for its low power consumption and short-range communication capabilities. BLE is particularly useful for monitoring containers in localized environments, such as warehouses, ports, and distribution centers. This technology allows for the efficient transfer of data from sensors to nearby gateways or mobile devices, providing real-time updates on the condition of the cargo. The low energy consumption of BLE ensures prolonged battery life for sensors, reducing maintenance and operational costs. Additionally, BLE technology supports mesh networking, enabling multiple devices to communicate with each other and extend coverage within confined areas.

Breakup by Vertical:

  • Food and Beverages
  • Pharmaceuticals
  • Oil and Gas
  • Chemicals
  • Others
     

Food and beverages represent the leading market segment 

The smart container market report has provided a detailed breakup and analysis of the market based on the vertical. This includes food and beverages, pharmaceuticals, oil and gas, chemicals, and others. According to the report, food and beverages represented the largest segment.

The food and beverage industry are the largest segment in the market breakup by vertical for smart containers due to the highly perishable nature of its products. Perishable goods such as fruits, vegetables, dairy products, and meats require strict temperature control throughout the supply chain to maintain their quality and safety. Any deviation in temperature can lead to spoilage, resulting in significant financial losses and health risks for consumers. Smart containers, equipped with advanced IoT sensors, continuously monitor and adjust internal conditions to ensure optimal storage environments. Real-time data on temperature, humidity, and other critical parameters allows for immediate corrective actions if any anomalies are detected. This capability is crucial for preventing spoilage and maintaining the freshness of food products, thereby minimizing waste and ensuring consumer safety.

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
     

Europe leads the market, accounting for the largest smart container market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe was the largest market for smart containers.

The prominence of Europe as the largest segment in the smart container market by region can be attributed to several key factors. The stringent regulatory environment of the region plays a significant role. European regulations for the transportation of goods, particularly food, pharmaceuticals, and hazardous materials, are among the strictest in the world. These regulations mandate comprehensive monitoring and reporting, which smart containers are uniquely equipped to provide. This regulatory pressure drives the adoption of smart container technologies to ensure compliance and avoid penalties. Additionally, Europe boasts a highly developed infrastructure that supports advanced logistics solutions. The extensive network of the continent of ports, railways, and highways is well-suited to integrate with smart container systems, facilitating seamless real-time tracking and monitoring across various transportation modes. This infrastructure is complemented by strong investment in digitalization and innovation, fostering an environment where smart technologies can thrive.

Competitive Landscape:

  • The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the smart container industry 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.

    (Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
     
  • Key players in the smart container market are driving significant market growth through a variety of strategic efforts. Companies such as Maersk, Traxens, and Orbcomm are at the forefront, leveraging technological advancements to enhance their offerings. Maersk, for instance, has invested heavily in its Remote Container Management (RCM) system, which allows consumers to monitor the conditions of their cargo in real-time, ensuring optimal conditions throughout the shipping process. Traxens, another major player, collaborates with shipping giants such as CMA CGM and MSC to provide advanced tracking solutions that integrate IoT and big data analytics, enabling precise monitoring and predictive maintenance. Orbcomm focuses on comprehensive IoT solutions that track and monitor containers and also offer detailed analytics to optimize routes and improve operational efficiency. Additionally, according to smart container market forecast, these companies are also forming strategic partnerships and acquisitions to expand their technological capabilities and market reach. For instance, the collaboration between Traxens and COSCO Shipping Lines aims to enhance digital shipping solutions across their fleets. Additionally, companies are investing in R&D to develop next-generation smart container technologies that incorporate AI and machine learning for better predictive analytics and automation.


Latest News: 

  • April 25, 2023: LogTech company, AELER, has launched its new generation container, ‘Unit One’, at the Singapore Maritime Week. The container has been unveiled at Sea Asia, Singapore’s anchor maritime event on 25 April. Unit One is the first transportation container made from composite, which has made it “stronger, better insulated and smarter.
  • 15 November 2023: WISeKey and CASPIAN CONTAINER COMPANY have formed the Smart Container Consortium, dedicated to revolutionizing container logistics through IoT-enabled devices and sensors.


Smart Container Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
  • Offering
  • Technology
  • Vertical
  • Region
Offerings Covered Hardware, Software, Services
Technologies Covered GPS (Global Positioning System), Cellular, LoRa WAN (Long Range Wide Area Network), Bluetooth Low Energy (BLE), Others
Verticals Covered Food and Beverages, Pharmaceuticals, Oil and Gas, Chemicals, Others
Regions 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, Zillionsource Technologies Co. Ltd., etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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)


Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the smart container market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the global smart container market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the smart container industry and its attractiveness.
  • The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.

Key Questions Answered in This Report

We expect the global smart container market to exhibit a CAGR of 15.7% during 2024-2032.

The rising requirement for efficient and secure shipping containers across numerous end-use industries such as, pharmaceutical, oil and gas, chemical, etc., as they provide real-time tracking and monitoring of the shipment, is primarily driving the global smart container market.

The sudden outbreak of the COVID-19 pandemic has led to the emergence of e-commerce platforms and the increasing utilization of smart containers in providing secured shipping of the essential items as well as in minimizing the spoilage of perishable items caused by temperature variations.

Based on the offering, the global smart container market has been divided into hardware, software, and services. Among these, hardware currently exhibits a clear dominance in the market.

Based on the vertical, the global smart container market can be categorized into food and beverages, pharmaceuticals, oil and gas, chemicals, and others. Currently, the food and beverage sector accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.

Some of the major players in the global smart container market 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.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
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
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARATI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More
DEinternational Egypt

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

Read More