Smart Containers Market Projected to Reach $16.9 Billion by 2030


Posted May 27, 2024 by BhavanaMeti

Explore $16.9 billion Smart Containers Market: Get exclusive insights on key market trends, segments, geographical analysis, & competitive analysis!

 
Meticulous Research®—a leading global market research company, published a research report titled, ‘Smart Containers Market by Offering (Hardware, Software, Services), Type (Reefer, Dry), Size (20, 40), Technology (AI, Blockchain, IoT), Application (Asset Tracking & Management, Supply Chain Optimization), Sector, and Geography - Global Forecast to 2030.’
Meticulous Research® has released a new publication projecting the global smart containers market to reach $16.9 billion by 2030, growing at a CAGR of 20.1% from 2023 to 2030. This market growth is driven by increasing efforts to optimize logistics and reduce costs, the rising demand for improved supply chain visibility and transparency, and growing concerns over cargo security and counterfeiting. The adoption of cloud-based platforms for smart container management and the expanding applications of smart container technologies in the healthcare and agriculture sectors are expected to create significant growth opportunities. However, the high implementation costs of smart container technologies and infrastructure and connectivity challenges in remote locations are major obstacles for market players.
A notable market trend is the integration of advanced technologies such as blockchain and AI into smart container solutions.
The global smart containers market is segmented by offering, type, size, technology, application, and sector, with the study evaluating industry competitors and analyzing the market at regional and country levels.
Market Segmentation:
By Offering:
Hardware
Software: Expected to account for the largest share in 2023, driven by the demand for data analytics and insights, cloud-based platforms for data storage and processing, and the need to manage extensive data from IoT devices. This segment is projected to register the highest CAGR.
Services
By Type:
Reefer Containers: Projected to have the highest CAGR, driven by the need to maintain product quality and freshness, increased demand for transporting temperature-sensitive goods, investments in cold chain infrastructure, and advancements in refrigeration and temperature monitoring.
Dry Containers: Expected to account for the largest share in 2023 due to e-commerce growth, demand for general cargo transportation, and the need for easy integration with existing logistics networks.
Tank Containers
Other Smart Container Types
By Size:
20-foot Containers
40-foot Containers: Expected to dominate in 2023, driven by the need to ship goods from manufacturers to distribution centers and retail stores, and the transport of a wide range of cargo. This segment is also projected to have the highest CAGR.
By Technology:
Artificial Intelligence
Blockchain: Expected to register the highest CAGR, driven by the need for enhanced traceability, smart contracts, and ensuring document integrity.
Cloud Computing
Internet of Things (IoT): Expected to account for the largest share in 2023, driven by real-time monitoring needs, cargo security, and remote tracking.
Geolocation Technology
Connectivity Technology
By Application:
Asset Tracking & Management: Expected to dominate in 2023, driven by the demand for real-time visibility, cost reduction, and streamlined operations.
Supply Chain Optimization: Projected to have the highest CAGR, driven by the need to identify bottlenecks, optimize inventory and routes, and improve efficiency.
Safety & Security
Other Applications
By Sector:
Pharmaceutical & Healthcare
Food & Beverage: Projected to register the highest CAGR, driven by the need for better inventory management, accurate tracking of shelf life, and maintaining the quality of perishable goods.
Chemicals & Hazardous Materials
Retail & E-commerce: Expected to dominate in 2023, driven by the need for real-time tracking, shipment transparency, and minimizing delivery delays and order inaccuracies.
Oil & Gas
Automotive
Agriculture
Other Sectors
By Geography:
North America
Europe
Asia-Pacific: Expected to account for the largest share in 2023 and register the highest CAGR, driven by the strong presence of key industries, commitment to eco-friendly logistics, real-time tracking, and stringent regulatory requirements.
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Key Players:
Key players in the smart containers market include Panasonic Industry Co., Ltd. (Japan), CMA CGM Group (France), ORBCOMM (U.S.), TRAXENS (France), Globe Tracker, ApS (Denmark), Emerson Electric Co. (U.S.), ZIM Integrated Shipping Services Ltd. (Israel), MSC Mediterranean Shipping Company S.A (Switzerland), Sealand - A Maersk Company (U.S.), China International Marine Containers (Group) Co., Ltd. (China), Berlinger & Co. AG (Switzerland), Hapag-Lloyd AG (Germany), Ocean Network Express Pte. Ltd. (Singapore), Nexxiot AG (Switzerland), Thinxtra Ltd (Australia), SAVVY Telematic Systems AG (Switzerland), Sensolus (Belgium), ZillionSource Technologies (U.S.), and SkyCell AG (Switzerland).

Key Report Insights:
High-growth market segments based on various categories.
Historical market data and forecasts for 2023–2030.
Major market drivers, restraints, opportunities, and challenges.
Competitive landscape and market share analysis.
Recent developments and strategies of key players.
Geographic trends and high-growth countries.
Competition among local emerging players.
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Categories Internet , Science , Technology
Tags smart containers , smart special containers , smart dry containers
Last Updated May 27, 2024