This report provides Transforma Insights’ view on the Container Tracking market. This includes the tracking of refrigerated (reefer) chilled and dry freight containers and monitoring and management of goods transported in them.
There are a number of motivations for connecting containers. Container tracking offers GPS-based tracking of location, supporting transportation businesses to optimise their logistic operations with timely information on container movement. Some of these tracking devices support transportation companies to monitor condition data (such as temperature data, or alignment of goods) of goods via continuous monitoring to comply with shipping regulations and maintain product quality. This is necessary, especially for perishable goods requiring a minimum temperature to be maintained and ensuring the sustenance of this temperature can be particularly helpful in reducing issues with food wastage during transportation.
Additional features allow these devices to help users to geofence a specific area to restrict goods movement in the specified territory only. IoT devices could also help in overcoming theft problems by instantly notifying on-site personnel about any intrusion into containers.
The report provides a detailed definition of the sector, analysis of market development and profiles of the key vendors in the space. It also provides a summary of the current status of adoption and Transforma Insights’ ten-year forecasts for the market. The forecasts include analysis of the number of IoT connections by geography, the technologies used and revenue.
A full set of forecast data, including country-level forecasts, sector breakdowns and public/private network splits, is available through the IoT Forecast tool.
This section of the report first explains how goods worth billions of dollars are shipped every year, and how thousands of those containers are lost, resulting in losses to shipping companies or insurance providers, and disruption to customers, which in turn, drive the requirement of container tracking. The report then examines the key factors that are influencing the development of the container tracking market, including:
This part of the report explains how continuous monitoring of trailer movement ensures better container management and how it addresses the issue of lack of visibility. It also discusses how the adoption of smart container monitors can mitigate food wastage (which is estimated to be worth around USD400 billion a year by the US Food and Agriculture Organization) and can also save vaccines while being transported (since over 50% of vaccines are wasted every year during transportation - according to the WHO).
This section talks about the major issue of container theft (such as nearly USD130 million worth of cargo being reported stolen in the US in 2023) and how IoT devices can overcome this problem by instantly notifying personnel on-site about any intrusion in trailers or ships.
This section of the report focuses on the ongoing regulatory push (by organisations such as the US FDA’s Food Safety Modernization Act, the United Nations Economic Commission for Europe, and the Drug Supply Chain Security Act) for the monitoring of goods, particularly in the pharmaceutical and food industry, while in transit. For instance, the EU has established Good Distribution Practice (GDP) for the safe transport of pharmaceutical goods to keep product quality intact. GDP mandates that medicines should be stored and transported at an adequate temperature.
This section charts the various modes of connectivity including LPWA, cellular, and satellite communication that container trackers use. It specifically focuses on satellite connectivity and the distinct advantages it ensures for shipping companies.
This section also mentions a few examples of relevant IoT deployments in this application such as CIMC HiTech using Telenor’s SIM card solution for continuous visibility of cargo containers and Continental Express using ORBCOMM’s IoT solutions for refrigerated trailer monitoring.
The key vendors section lists some of the main providers of products and services related to the Container Tracking market such as Orbcomm, SkyBitz, PowerFleet, Globalstar, Samsara, and Iridium Communications. The report provides profiles of the various vendors including aspects most relevant to this Application Group, such as product offerings, pricing, financial results, and technology.
In the market forecasts section, we provide a summary of the forecasts from the Transforma Insights IoT Forecast Database:
The report charts the growth in the number of container tracking devices, which will grow from 6.1 million in 2024 to 19.2 million in 2034.
Transforma Insights forecasts are compiled on a country-by-country basis. This report includes a regional summary, showing splits between Australasia, Greater China, North America, Europe, Japan, Latin America, MENA, Russia & Central Asia, South East Asia, South Korea, India & South Asia, and Sub-Saharan Africa.
Transforma Insights’ IoT forecasts include splits between the various connectivity technologies as follows: 2G, 3G, 4G, 5G mMTC, 5G non-mMTC, LPWA (non-mMTC), Satellite, Short Range, and Other.
This section discusses which technologies will be used in the container tracking application group.
This part of the report discusses the market growth in terms of revenue (module revenue, service wrap revenue, and VAC revenue). Transforma Insights estimates that the revenue in the Container Tracking Application Group will grow at a CAGR of 13%.
