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2021
Smart Container Market

Smart Container Market By Offering (Hardware, Sensors, Connectivity Devices, Telematics & Telemetry Devices, Software, and Services), Technology (GPS, Cellular, BLE, and LoRa WAN), and End Use (Food & Beverages, Oil & Gas, Pharmaceuticals, Chemicals, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13307
Pages: NA
Nov 2021 | 78 Views
   
Author(s) : Vineet Kumar
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Smart Container Market Outlook – 2030

Smart containers are shipping containers used in freights and logistics. These are equipped with sensors, GPS tracking, and IoT technology. These help in monitoring the internal temperature, enhancing security, and providing real time GPS tracking. These are self-powered by solar panels and have batteries to store energy. Some of the important properties that have made the smart container, so popular in the market are its continuous monitoring of the goods through their journey, accuracy, and others. The companies involved in the designing of smart container are now focusing on maximizing the reliability of the Smart Container, which will provide more accurate results.

The global smart container market is segmented on the basis of offering, technology, end use, and region. Based on offering, the market is segregated into hardware, sensors, connectivity devices, telematics & telemetry devices, software, and services. In terms of technology, the market is categorized into GPS, cellular, BLE, and LoRa WAN. On the basis of end use, the market is divided into food & beverages, oil & gas, pharmaceuticals, chemicals, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global smart container industry include Orbcomm, Traxens, SeaLand Maersk, Robert Bosch Manufacturing Solutions (Robert Bosch GmbH), Smart Containers Group AG, Ambrosus, Phillips Connect Technologies (Division of Phillips Industries), ZillionSource Technologies Co. Ltd. (Cisco), Nexiot AG, and Globe Tracker. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market.

Top Impacting Factors

The major factors that impact the growth of the smart container industry includes rise is adoption of IoT by major market players, IoT connected to the smart container for monitoring and collecting data of the product during transportation process. In food & beverages and medical industry, rise in concern regarding wastage of food & beverages and pharmaceuticals provide the use of smart container.

The smart container provides suitable temperature range to keep the food and medicine fresh. Hence, the need for smart containers in the food & beverages and medical industry is projected to drive the demand for smart container in the market. However, high cost of implementation for smart container restraint the growth of the smart containers in the market.

Extensive Use of Smart Container in the Medical and Food & Beverages

Smart container in the food & beverages remotely measures the temperature and provide information about the quality food & beverages. Smart container connected to the sensor are mostly preferred due to the superior quality and alarming function. All these factors tend to increase the demand in the market during the forecast period.

Wide-Scale Adoption of Advance Technology in Smart Container

The various technologies used as GPS tracking, IoT when coupled with smart container provides some additional features to the smart container. These technologies enhanced smart container in security and surveillance, tracking, and scheduling the data, which is helpful in transportation of oil & gas and goods. Thus, an increase in advance technology paves the way to create market opportunities.

Key Benefits of the Report

  • This study presents the analytical depiction of the smart container market forecast along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the smart container market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the smart container market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed smart container market analysis based on competitive intensity and how the competition will take shape in coming years.

Market Scope and Structure Analysis

Report Metric

Details

 Market Size Available For Years

 2020–2030

 Base Year Considered

 2020

 Forecast Period

 2021–2030

 Forecast Units

 Value (USD)

 Segments Covered

 Offering, Technology, End Use, and Region

 Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, UK, France, Italy and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and the Rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa)

 Companies Covered

Orbcomm, Traxens, SeaLand Maersk, Robert Bosch Manufacturing Solutions (Robert Bosch GmbH), Smart Containers Group AG, Ambrosus, Phillips Connect Technologies (Division of Phillips Industries), ZillionSource Technologies Co. Ltd. (Cisco), Nexiot AG, and Globe Tracker

 

COVID-19 Scenario Analysis

The COVID-19 pandemic is a serious health emergency that affects almost every industry. The COVID-19 pandemic has forced all regulatory agencies around the world to implement lockdown and travel restrictions to control the COVID-19 outbreak, which has a negative impact on business growth.

In the past decade, the smart container market has experienced growth due to its extensive use in transportation. However, the COVID-19 pandemic has significantly hampered the growth which in turn has impacted the market. The production rate of smart container decreased, which led to a price increase in the market, which can be proven with the help of an economic theory of the "price elasticity of supply" to be able to continue their operation with only limited workforce. The rise in price lowers the demand for smart container in the market.

However, after the COVID-19 pandemic the smart container market will regain its demand in the market because of its increase in diverse and innovative areas of application such as oil & gas, food & beverages, and pharmaceutical.

Smart Container Market Key Segments

Segments

Sub-Segments

 Offering

  • Hardware
  • Sensors
  • Connectivity Devices
  • Telematics and Telemetry Devices
  • Software
  • Services

 

 Technology

  • GPS
  • Cellular
  • BLE
  • LoRa WAN

 End Use

  • Food & Beverages
  • Oil & Gas
  • Pharmaceuticals
  • Chemicals
  • Others


Questions Answered in the Smart Container Market Research Report

  • Who are the leading market players active in the smart container market?
  • What would be the detailed impact of COVID-19 on the smart container market size?
  • How current smart container market trends would influence the industry in next few years?
  • What are the driving factors, restraints and opportunities in the smart container market?
  • What are projections for the future that would help in taking further strategic steps?
 
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