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Smart Container Market Report
The Smart Container Market is Segmented by Offering Type (Hardware [Sensors, Connectivity Devices, and Telematics and Telemetry Devices], Software, and Services), by Technology Type (Global Positioning System, Cellular, Long Range Wide Area Network, Bluetooth Low Energy, and Others), by Vertical Type ...
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Smart container market is likely to witness an impressive CAGR of 16.9% during the forecast period. The key driving factors contributing to the demand for smart containers are the surge in adoption of IoT connected devices by major shipping companies and growing concerns regarding wastage of food and medical products due to temperature deviation, which in turn, are driving the growth of the market.
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Smart Container Market - Snapshot |
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Growth |
16.9% for the next five years |
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Major Offering Type |
Hardware |
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Fastest-Growing Technology Type |
Long Range Wide Area Network |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
Orbcomm, Smart Containers Group AG, Traxens, Globe Tracker, Nexiot AG, Phillips Connect Technologies (Division of Phillips Industries), Sealand (Division of Maersk Group), Robert Bosch Manufacturing Solutions (Robert Bosch GmbH), Ambrosus, and Zillionsource Technologies Co., Ltd. (CISCO) |
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Based on the offering type, the market is segmented as hardware, software, and service. The hardware segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. The wide use of a variety of differently priced hardware components for monitoring and tracking applications is driving the growth of this segment. A number of sensors and various other hardware components are required for efficacious network monitoring in smart container solutions.
Based on the technology type, the smart container market is segmented as food, construction, filtration, and others. The long-range wide area network segment is expected to grow at the highest rate in the market, owing to its superior properties as compared to other technologies such as Bluetooth low energy and Wi-Fi. Due to its high bandwidth capability, LoRa WAN offers a wide range of communication. Its in-depth indoor penetration feature helps to repress problems occurring in cases where most of the signals would be reflected from the surface of a container. This property also provides access to sensors monitoring the assets inside the container.
In terms of regions, Europe is estimated to be the largest market during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. This growth can be attributed to the presence of major shipping companies in Europe, which demand for smart shipping container solutions. European ship-owners control over 40% of the world's merchant fleet and operate shipping services across the globe, according to the European Community Shipowners’ Associations (ECSA). According to the United Nations Conference on Trade and Development (UNCTAD), Europe is the second-largest region, in terms of container port volumes, accounting for 16% share of the total world container port volumes, in 2017. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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Smart container is a device which aids in tracing and tracking products among stakeholders with the electronic product code information services, supply chain, and RFID technologies and provides monitoring, real-time tracking facilitating drivers to increase rotation time of their package equipment and improve utilization percentages. Smart containers are the containers that facilitate transportation of goods via both seaborne and land modes of transport, which may include the use of trucks, rails, and ships, eliminating the necessity for reloading and unloading at standard features. They are used in a wide array of industries and have always been the crux of the shipping industry.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Smart Container Market Research Report - Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The smart container market is segmented into the following categories.
(Offering Type Analysis: Sensors, Connectivity Devices, and Telematics and Telemetry Devices)
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Some of the major players in the smart container market are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The smart container market is expected to witness an impressive growth of 16.9% CAGR in the foreseeable future.
Orbcomm, Smart Containers Group AG, Traxens, Globe Tracker, Nexiot AG, Phillips Connect Technologies (Division of Phillips Industries), Sealand (Division of Maersk Group), Robert Bosch Manufacturing Solutions (Robert Bosch GmbH), Ambrosus, and Zillionsource Technologies Co., Ltd. (CISCO) are among the key players in the smart container market.
Europe is expected to be the largest smart container market during the forecast period of 2021-26.
The hardware segment is expected to remain dominant in the smart container market in the coming years.
The long-range wide area network segment is expected to grow at the highest rate in the smart container market in the years to come.
The major factors driving the growth of smart container market are surge in adoption of IoT connected devices by major shipping companies and growing concerns regarding wastage of food and medical products due to temperature deviation.
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