Future-Proofing Logistics: The Promise of the $9.7 Billion Smart Container Market


The "Smart Container Market" study offers a thorough overview of the sector and analyses its growth potential across a number of factors, including offerings, verticals, technologies, and geographic areas. The market, which has a strong emphasis on hardware, software, and services, is rapidly growing in important industries like food and beverage, chemicals, oil and gas, and pharmaceuticals. The market is anticipated to experience exceptional growth throughout the forecast period of 2022 to 2027, rising from USD 3.9 billion in 2022 to a projected USD 9.7 billion by 2027, driven by an impressive CAGR of 19.6%.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=194648249 

Modern technologies like GPS, cellphone, Bluetooth Low Energy (BLE), and LoRaWAN have been integrated to great effect, providing real-time tracking and logistical operations optimisation. The paper emphasises the crucial part that smart containers play in fundamentally altering the effectiveness and safety of supply chains, reflecting their pervasive use across numerous industries. This exponential development pattern across international regions supports the Smart Container Market's revolutionary influence on the future of contemporary logistics and supply chain management.

The Smart Container Market is anticipated to have significant expansion over the next years due to a number of crucial variables. The need to monitor and control internal container conditions, along with an increasing emphasis on obtaining comprehensive end-to-end visibility inside supply chains, stands out as a key driver. This trend is being further accelerated by shipping businesses' increasing embrace of Internet of Things (IoT) devices, which fosters innovation and efficiency. As industries come to understand the transformative advantages of smart containers in improving logistics, ensuring product integrity, and optimising operational processes, it is anticipated that the strong demand from the food and beverage sector will play a central role in driving global smart container adoption over the course of the forecast period.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=194648249 

By Offering, hardware segment to lead market during the forecast period

The hardware sector is positioned to dominate the Smart Container Market in the upcoming forecast period. In a wide range of applications, from environmental sensing to sending data to centralised databases for additional analysis, hardware components, including sensors, networking devices, and telematics and telemetry devices, play a crucial role. In container monitoring scenarios, hardware accuracy and dependability are crucial. For items like food, pharmaceuticals, and chemicals that are sensitive to environmental conditions, devices like data loggers and gateways guarantee consistent connectivity throughout container transportation. These devices also monitor crucial factors like temperature, pressure, and humidity. The most often used electrical component in smart containers, the sensor, has a considerable impact on the technical environment. The hardware category is anticipated to hold the greatest market share due to the significant number of hardware components included into containers and the expense that goes along with it.

By Technology, BLE segment to register second-highest growth rate during the forecast period

The Bluetooth Low Energy (BLE) technology segment is anticipated to develop at the second-fastest rate in the Smart Container Market during the anticipated forecast period. BLE has become very well-known as a commonly used, low-power communication technology. The explosion of Internet of Things (IoT) devices necessitating an effective and ubiquitous communication method is driving its rapid adoption. BLE was designed with IoT devices in mind, and can meet their requirements for small size and long battery life. It is the best option because it prefers little power usage over constant data transfer. BLE has the distinct advantage of working with widely used and recognised hardware, negating the requirement for specialised components. BLE technology emerges as a vital enabler for seamless communication and connectivity amongst these devices given the extensive deployment of IoT devices within smart containers, leading to a notable development trajectory for the BLE technology category.

Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/smart-container-market-194648249.html

Europe to hold the largest market share during the forecast period

Throughout the anticipated forecast period, Europe is well-positioned to hold onto its leadership position in the smart container market. This dominance is attributable to a number of elements that support the region's substantial market share. Notably, Europe has a significant concentration of important industry participants who are working in the Smart Container Market. These vendors play a critical role in providing advanced IoT software platforms, boosting data storage and analytics capabilities, in addition to hardware solutions. Leading companies like Sensolus, Nexxiot AG, and Arviem serve as examples of this tendency. The adoption of advanced smart container technologies, including IoT, AI, ML, Bluetooth Low Energy (BLE), and LoRaWAN, has been accelerated by the region's enhanced technological embrace. Initiatives like the EU Horizon 2020, a comprehensive research and innovation framework running from 2021 to 2027, serve as evidence of Europe's active support for innovation. Through such initiatives, the European Union area offers critical support for the creation, testing, and implementation of cutting-edge technology and innovative transportation strategies, spurring the digital transformation of the shipping and mobility industries. This comprehensive ecosystem has cleared the ground for smart containers to proliferate quickly and be widely used throughout Europe.

Major vendors in the Smart Container Market include MSC (US), Sealand – A Maersk Company (US), Globe Tracker (Denmark), Traxens (France), ORBCOMM (US),  Shenzhen CIMC Technology Co., Ltd. (China), and Berlinger & Co. ApS (Switzerland).

News Covered:

https://www.globenewswire.com/en/news-release/2023/02/21/2611756/0/en/The-Rise-of-Smart-Containers-and-IoT-Devices.html 

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. 

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com

Comments

Post a Comment

Popular posts from this blog

Trends Shaping the Environmental Test Chambers Market

The   Environmental Test Chambers Market Size  is expected to rise steadily; estimates show that it will reach USD 938 million by 2024 from USD 842 million in 2019, a compound annual growth rate (CAGR) of 2.18%. The most recent market research report outlines this growth trajectory and highlights the several variables that are driving this expansion. A variety of industrial verticals, including aerospace and defence, automotive, telecommunications, and electronics, are served by the market's segmentation based on type, which includes temperature and humidity chambers, customised chambers, and thermal shock chambers. Over the course of the forecast period, factors like strict regulatory requirements, rising need for dependable testing solutions, and technical developments in environmental testing equipment are anticipated to drive market expansion. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107895228 The environmental test chambers mar...
Read more

Microwave Revolution: Unraveling the Monolithic Microwave IC Market

Image
The   Monolithic Microwave IC Market  showed strong growth, reaching a worth of USD 9.7 billion in 2022 and expected to reach USD 17.0 billion by 2027. It is anticipated that the market would expand at a notable compound annual growth rate (CAGR) of 11.9% from 2022 to 2027. This growth trend shows how Monolithic Microwave Integrated Circuits (MMICs) are becoming more and more popular in a variety of industries. MMICs are essential parts of applications like consumer electronics, aircraft, defence, and telecommunications because of their small size and excellent performance at microwave frequencies. Technological developments, the growing need for high-frequency communication systems, and the extensive use of MMICs in developing technologies are the main factors propelling the market's growth. The MMIC market is expanding significantly due to a number of important factors. The smartphone industry is a major trigger for the spike in demand for Monolithic Microwave Integrated Cir...
Read more

Empowering Connectivity: RF Gallium Nitride Market on Track for $2.8 Billion by 2028

With a projected value of USD 2.8 billion by 2028, the global   RF Gallium Nitride (GaN) Market   is expected to experience significant expansion from its estimated USD 1.5 billion valuation in 2023. Over the course of the forecast period, this projected growth translates into a strong compound annual growth rate (CAGR) of 12.9%. Technological developments, the growing need for high-frequency and high-power devices, and the broad use of GaN technology in a variety of industries, including the automotive, aerospace and defence, and telecommunications sectors, are all considered contributing factors to the market value increase. The market is anticipated to experience substantial growth in the upcoming years as GaN continues to establish itself as a favoured material for RF applications because of its excellent qualities, such as high electron mobility and thermal stability. Download PDF Brochure:   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183000597 There are...
Read more