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The global smart container market grew at a CAGR of around 18% during 2014-2019. A smart container refers to the transportation container that provides real-time tracking and monitoring of the shipment. These containers majorly use the global positioning system (GOS), Long Range Wide Area Network (LoRa WAN) and cellular technologies to track the cargo throughout the journey and identify misrouted or lost containers. They are also marked with a unique identification code that is scanned at every entry and exit point of the yard by the transportation management system (TMS). In addition to this, the sensors installed in the containers also provide accurate information regarding the temperature, humidity and pressure in the containers.
Significant growth in the transportation industry across the globe represents one of the key factors creating a positive outlook for the market. Furthermore, the increasing requirement for efficient and secure shipping containers from the pharmaceutical, oil and gas and chemical industries is driving the market growth. The widespread adoption of LoRa WAN technology for the management of smart containers is also contributing to the market growth. In comparison to the traditionally used ZigBee, Wi-Fi and Bluetooth low energy (BLE) technologies, LoRa WAN offers higher bandwidth capabilities that facilitate in-depth indoor penetration and minimize signal reflection from the surface of the container. Additionally, various technological advancements, such as the integration of connected devices with the Internet of Things (IoT), blockchain and big data solutions, are acting as other growth-inducing factors. These technologies constantly monitor the internal environment of the container and aid in minimizing the spoilage of perishable products caused by temperature variations. Other factors, including increasing investments in improving the container management technologies, along with rising global trade and e-commerce activities, are anticipated to drive the market further. Looking forward, IMARC Group expects the global smart container market to continue its strong growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart container market report, along with forecasts for growth at the global, regional and country-level from 2020-2025. Our report has categorized the market based on region, offering, technology and vertical.
Breakup by Offering:
Breakup by Technology:
Breakup by Vertical:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
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