The global smart container market is expected to exhibit a growth rate (CAGR) of 16.2% during 2023-2028.
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 homes 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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart container market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on offering, technology and vertical.
Breakup by Offering:
Breakup by Technology:
GPS (Global Positioning System)
LoRa WAN (Long Range Wide Area Network)
Bluetooth Low Energy (BLE)
Breakup by Vertical:
Food and Beverages
Oil and Gas
Breakup by Region:
Middle East and Africa
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.
Base Year of the Analysis
Offering, Technology, Vertical, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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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Key Questions Answered in This Report
We expect the global smart container market to exhibit a CAGR of 16.2% during 2023-2028.
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.
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