What Fueled Smart Container Market?
The smart container market has seen considerable growth due to a variety of factors.
• In recent years, the size of the smart container market has expanded swiftly. It is projected to rise from $3.98 billion in 2024 to $4.72 billion in 2025, attaining a compound annual growth rate (CAGR) of 18.5%.
Factors driving this growth in the historical period include an increase in global trade, regulatory compliance, improvements in supply chain, security issues, and the demand for real-time monitoring.
What is the Forecasted Market Size and CAGR for the Smart Container Market?
The smart container market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for smart containers is projected to experience swift expansion in the upcoming years, reaching a valuation of $9.3 billion by 2029 with a compound annual growth rate (CAGR) of 18.5%.
This growth during the forecast period can be linked to factors such as the roll-out of 5G, the advent of autonomous vehicles, initiatives towards creating smart cities, the booming e-commerce sector, and intermodal transportation. The forecast period also anticipates significant trends like the adoption of edge computing, the incorporation of augmented reality in logistics, the emergence of smart container-as-a-service (CaaS), digital twins, along with a focus on sustainability metrics.
What Main Forces Are Fueling Expansion In The Smart Container Market?
The smart container market is anticipated to expand with the growing use of IoT devices. The Internet of Things (IoT) is a comprehensive network of interconnected devices equipped with the technology that lets them interact within the cloud. The implementation of an IoT network within smart containers, incorporating internet-capable smart gadgets that use embedded systems to process, relay, and receive data, is revolutionary. This merger enables effective GPS tracking in real-time, heightened security, and the ability to provide information on the condition of contents, with alerts to potential issues. The incorporation of IoT in smart containers propels the digital transformation of shipping, taking a step beyond paperless processes. As a consequence, the need for smart containers escalates with the escalating usage of IoT devices. For instance, Ericsson, a telecom firm based in Sweden, reports that the total of IoT connections was 13.2 billion in 2022, and that it is projected to surge to 34.7 billion by March 2023. Hence, the growing use of IoT devices is a contributing factor to the growth of the smart container market.
What Are The Principal Market Segments In The Global Smart Container Healthcare Industry?
The smart container market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By Technology: GPS (Global Positioning System), Cellular, LoRa WAN (Long Range Wide Area Network), Bluetooth Low Energy (BLE), Other Technologies
3) By Size: Small Enterprises, Medium Enterprises, Large Enterprises
4) By Vertical: Food and Beverages, Pharmaceuticals, Oil and Gas, Chemicals, Other Verticals
Subsegments:
1) By Hardware: GPS Tracking Devices, Sensors, RFID Tags, IoT Devices
2) By Software: Container Management Software, Monitoring And Analytics Software, Fleet Management Software, Inventory Management Software
3) By Services: Consulting Services, Integration Services, Maintenance And Support Services, Training And Development Services
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Which Emerging Market Trends Are Altering The Smart Container
The focus of leading companies in the smart container market is the development of advanced robust materials and composite construction, with the aim of improving efficiency within the supply chain and enhancing cargo tracking, thereby promoting greater transparency and sustainability within logistics operations. To produce a more durable and robust product, these companies use composite construction, a method that merges different materials. This results in improved performance, weight loss, and superior insulation properties compared to conventional materials. In April 2023, 'Unit One', a new generation container put forward by the Swiss company AELER Technologies SA, was launched at Singapore Maritime Week. This new design has been developed to be stronger, smarter, and provide better insulation than its traditional counterparts. The use of composite materials in the construction of Unit One has resulted in increased cargo capacity and decreased carbon emissions, ultimately aiming at reducing the amount of empty containers shipped worldwide.
Who Are the Key Players in the Smart Container Market?
Major companies operating in the smart container market include:
• Ambrosus Technologies GmbH
• Sensitech Inc.
• Nexxiot AG
• Traxens SA
• Orbcomm Inc.
• Globe Tracker ApS
• Hapag-Lloyd AG
• Smart Containers Group AG
• Emerson Electric Co.
• Phillips Connect Technologies
• Tive Inc.
• Hanhaa Limited
• Robert Bosch GmbH
• Monnit Corporation
• ConexBird Oy
• Identec Solutions AG
• Roambee Corporation
• Techwave Group
• Ahrma Group
• Containerchain Pty Ltd
• Savvy Telematic Systems AG
• Sealand – A Maersk Company
• WAM Technologies LLC
• Logmore Oy
• CargoSense Inc.
• Arviem AG
• Sensor Transport Inc.
• Savi Technology Inc.
• Zebra Technologies Corporation
• BluJay Solutions Inc.
What are the Regional Insights into the Smart Container Market?
Asia-Pacific was the largest region in the smart container market in 2024. The regions covered in the smart container market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
