HOME Top Market Reports Cold Chain Monitoring Market by Component (Hardware: Data Loggers & Sensors, RFID Devices, Telemetry & Telematics, Networking Devices, and Software), Logistics (Storage, and Transportation), Application, and Geography - Global Forecast to 2022

Cold Chain Monitoring Market by Component (Hardware: Data Loggers & Sensors, RFID Devices, Telemetry & Telematics, Networking Devices, and Software), Logistics (Storage, and Transportation), Application, and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: December 2016
Report Code: SE 4813

 

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The cold chain monitoring market is estimated to grow from USD 3.11 Billion in 2015 to USD 6.23 Billion by 2022, at a CAGR of 9.84% between 2016 and 2022. This market growth can be attributed to the strict regulatory environment in the pharmaceutical industry, the growing demand for quality food, and the rising need to reduce wastage of food in the food and beverages industry. The base year considered for the study is 2015, and the market size forecast is given for the period between 2016 and 2022.

The prime objectives of this report include:

  • To define, describe, and forecast the global cold chain monitoring market on the basis of components, end-use applications, and logistics
  • To provide market statistics with detailed classification and split in terms of value
  • To forecast the size of the market segments with respect to four major regions the Americas, Europe, Asia-Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors influencing the growth of the cold chain monitoring market (drivers, restraints, opportunities, and challenges)
  • To detail the industry trends, insights based on the value chain analysis, and strategic benchmarking of the cold chain monitoring market

This research study involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Business, Factiva, and OneSource) to identify and collect information useful for this study. The research methodology followed in this report has been explained below.

  • Analysis of all the end-use applications of cold chain monitoring solutions worldwide
  • Analysis of various cold chain components sold to various end users
  • Analysis of the penetration of cold chain monitoring solutions in various end-use applications
  • Estimation of the market size in terms of volume
  • Estimation of the market size of the cold chain monitoring solutions, in terms of usage across various industries
  • Overall market size, along with data triangulation, with supply-side data, including product developments, supply chain, and estimated sales of products using cold chain monitoring solutions

After arriving at the overall market size, the total market has been split into several segments and subsegments and confirmed with the key industry experts. The figure below shows the breakdown of primaries on the basis of company type, designation, and region.

Cold Chain Monitoring Market

To know about the assumptions considered for the study, download the pdf brochure

The cold chain monitoring market ecosystem includes environmental sensor providers such as NXP Semiconductors N.V. (Netherlands) and NEC Corp. (Japan), among others, and complete solution providers such as Sensitech, Inc. (U.S.), ORBCOMM (U.S.), and Berlinger & Co AG (Switzerland), among others.

Key Target Audience:

  • Cold chain warehouses
  • Sensor manufacturers
  • Logistic companies
  • Pharmaceutical manufacturers
  • Large-scale farmers
  • Fisheries
  • Dairy product manufacturers
  • Pharmacies
  • Large food retailers
  • Food processing companies
  • Distributers
  • Investors
  • Government organizations
  • Research organizations
  • Organizations, alliances, and associations related to cold chain

Scope of the Report:

The research report segments the cold chain monitoring market into the following submarkets.

By Component

  • Hardware
    • Sensors and data loggers
    • RFID devices
    • Telemetry and telematics
    • Networking devices
  • Software
    • On-premises
    • Cloud-based

By End-Use Application

  • Pharmaceuticals and healthcare
    • Medicines
    • Vaccines
    • Bio-banking
  • Food and beverages
    • Fruits and vegetables
    • Meat and seafood
    • Poultry and dairy
    • Processed food
  • Chemicals

By Logistics

  • Storage
    • Warehouses
    • Cold containers
  • Transportation
    • By airways
    • By waterways
    • By roadways
    • By railways

By Geography

  • Americas
  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
  • Europe
    • Germany
    • France
    • U.K.
    • Netherland
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Rest of the World
    • Middle East
    • Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the companies’ specific needs. The following customization options are available for the report:

  • Company Information: Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Major Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Breakdown of Primaries
                    2.1.2.3 Key Data From Primary Sources
    2.2 Secondary and Primary Research
           2.2.1 Key Industry Insights
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
                    2.3.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
           2.3.2 Top-Down Approach
                    2.3.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the Global Cold Chain Monitoring Market
    4.2 Regional and Application-Wise Snapshot of the Global Cold Chain Monitoring Market
    4.3 Cold Chain Monitoring Market, By Component
    4.4 Cold Chain Monitoring Market, By End-Use Application
    4.5 Cold Chain Monitoring Market, By Logistics
    4.6 Cold Chain Monitoring Market, By Geography

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Cold Chain Monitoring Market, By Component
           5.2.2 Cold Chain Monitoring Market, By End-Use Application
           5.2.3 Cold Chain Monitoring Market, By Logistics
           5.2.4 Cold Chain Monitoring Market, By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Strict Pharmaceutical Regulations in Europe and North America
                    5.3.1.2 Increased Demand for Generic Drugs Owing to Higher Accessibility
                    5.3.1.3 Growing Demand for Better Food Quality and Need to Reduce Food Wastage
           5.3.2 Restraints
                    5.3.2.1 High Cost Involved in Implementing Cold Chain Monitoring Solutions
           5.3.3 Opportunities
                    5.3.3.1 Growing Cold Chain Monitoring Market in Developing Countries
                    5.3.3.2 Warehouse Automation for Cold Chain Storage
           5.3.4 Challenges
                    5.3.4.1 Complexity Involved in Installing Monitoring Solutions in Expansive Cold Chains

6 Industry Trends (Page No. - 43)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Bargaining Power of Suppliers
           6.3.2 Bargaining Power of Buyers
           6.3.3 Threat of New Entrants
           6.3.4 Threat of Substitutes
           6.3.5 Degree of Competition

7 Cold Chain Monitoring Market, By Component (Page No. - 51)
    7.1 Introduction
    7.2 Hardware
           7.2.1 Sensors & Data Loggers
           7.2.2 RFID Devices
           7.2.3 Telematics & Telemetry Devices
           7.2.4 Networking Devices
    7.3 Software
           7.3.1 On-Premises
           7.3.2 Cloud-Based

8 Cold Chain Monitoring Market, By End-Use Application (Page No. - 70)
    8.1 Introduction
    8.2 Pharmaceutical & Healthcare
           8.2.1 Medicines
           8.2.2 Vaccines
           8.2.3 Biobanks
    8.3 Food & Beverages
           8.3.1 Fruits & Vegetables
           8.3.2 Meat & Seafood
           8.3.3 Poultry & Dairy Products
           8.3.4 Processed Food
    8.4 Chemical

9 Cold Chain Monitoring Market, By Logistics (Page No. - 90)
    9.1 Introduction
    9.2 Storage
           9.2.1 Warehouses
           9.2.2 Cold Containers
    9.3 Transportation
           9.3.1 By Airways
           9.3.2 By Waterways
           9.3.3 By Roadways
           9.3.4 By Railways

10 Geographic Analysis (Page No. - 97)
     10.1 Introduction
     10.2 Americas
             10.2.1 North America
                        10.2.1.1 U.S.
                        10.2.1.2 Canada
                        10.2.1.3 Mexico
             10.2.2 South America
     10.3 Europe
             10.3.1 Germany
             10.3.2 France
             10.3.3 U.K.
             10.3.4 Netherlands
             10.3.5 Rest of Europe
     10.4 APAC
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 Rest of APAC
     10.5 RoW

11 Competitive Landscape (Page No. - 113)
     11.1 Introduction
     11.2 Ranking of Market Players, 2015
     11.3 Competitive Scenario and Trends
             11.3.1 New Product Launches and Developments
             11.3.2 Contracts and Agreements
             11.3.3 Alliances and Business Expansions
             11.3.4 Mergers and Acquisitions

12 Company Profiles (Page No. - 121)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     12.1 Introduction
     12.2 Orbcomm
     12.3 Sensitech Inc
     12.4 Berlinger & Co. AG
     12.5 Monnit Corporation
     12.6 Elpro-Buchs AG
     12.7 Controlant Ehf
     12.8 Securerf Corporation
     12.9 Savi Technology
     12.10 Zest Labs, Inc.
     12.11 Infratab Inc
     12.12 Temperature Monitor Solutions Africa

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 144)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (72 Tables)

Table 1 Cold Chain Monitoring Market, By Component, 2013–2022 (USD Million)
Table 2 Cold Chain Monitoring Market, By Hardware Component, 2013–2022 (USD Million)
Table 3 Cold Chain Monitoring Market for Hardware Component, By Logistics, 2013–2022 (USD Million)
Table 4 Cold Chain Monitoring Market for Hardware Component, By End-Use Application, 2013–2022 (USD Million)
Table 5 Hardware Component Market for Food & Beverages Application, By Type, 2013–2022 (USD Million)
Table 6 Hardware Component Market for Pharmaceutical & Healthcare Application, By Type, 2013–2022 (USD Million)
Table 7 Cold Chain Monitoring Market for Sensors & Data Loggers, By Logistics, 2013–2022 (USD Million)
Table 8 Cold Chain Monitoring Market for Sensors & Data Loggers, By End-Use Application, 2013–2022 (USD Million)
Table 9 Sensors & Data Loggers Market for Food & Beverages Application, By Type, 2013–2022 (USD Million)
Table 10 Sensors & Data Loggers Market for Pharmaceutical & Healthcare Application, By Type, 2013–2022 (USD Million)
Table 11 Cold Chain Monitoring Market for RFID Devices, By Logistics, 2013–2022 (USD Million)
Table 12 Cold Chain Monitoring Market for RFID Devices, By End-Use Application, 2013–2022 (USD Million)
Table 13 RFID Devices Market for Food& Beverages Application, By Type, 2013–2022 (USD Million)
Table 14 RFID Devices Market for Pharmaceutical & Healthcare Application, By Type, 2013–2022 (USD Million)
Table 15 Cold Chain Monitoring Market for Telematics & Telemetry Devices, By End-Use Application, 2013–2022 (USD Million)
Table 16 Telematics & Telemetry Devices Market for Food & Beverages Application, By Type, 2013–2022 (USD Million)
Table 17 Telematics & Telemetry Devices Market for Pharmaceuticals & Healthcare Application, By Type, 2013–2022 (USD Million)
Table 18 Cold Chain Monitoring Market for Networking Devices, By Logistics, 2013–2022 (USD Million)
Table 19 Cold Chain Monitoring Market for Networking Devices, By End-Use Application, 2013–2022 (USD Million)
Table 20 Networking Devices Market for Food & Beverages Application, By Type, 2013–2022 (USD Million)
Table 21 Networking Devices Market for Pharmaceutical & Healthcare Application, By Type, 2013–2022 (USD Million)
Table 22 Cold Chain Monitoring Market for Software Component, By Platform, 2013–2022 (USD Million)
Table 23 Cold Chain Monitoring Market for Software Component, By Logistics, 2013–2022 (USD Million)
Table 24 Cold Chain Monitoring Market for Software Component, By End-Use Application, 2013–2022 (USD Million)
Table 25 Software Component Market for Pharmaceutical & Healthcare Application, By Type, 2013–2022 (USD Million)
Table 26 Software Component Market for Food & Beverages Application, By Type, 2013–2022 (USD Million)
Table 27 Cold Chain Monitoring Market, By End-Use Application, 2013–2022 (USD Million)
Table 28 Cold Chain Monitoring Market for Pharmaceutical & Healthcare Application, By Type, 2013–2022 (USD Million)
Table 29 Cold Chain Monitoring Market for Pharmaceutical & Healthcare Application, By Component, 2013–2022 (USD Million)
Table 30 Cold Chain Monitoring Market for Pharmaceutical & Healthcare Application, By Hardware Component, 2013–2022 (USD Million)
Table 31 Global Cold Chain Monitoring Market for Pharmaceutical & Healthcare Application, By Region, 2013–2022 (USD Million)
Table 32 Cold Chain Monitoring Market for Medicines Application, By Component, 2013–2022 (USD Million)
Table 33 Cold Chain Monitoring Market for Medicines Application, By Hardware Component, 2013–2022 (USD Million)
Table 34 Cold Chain Monitoring Market for Vaccines Application, By Component, 2013–2022 (USD Million)
Table 35 Cold Chain Monitoring Market for Vaccines Application, By Hardware Component, 2013–2022 (USD Million)
Table 36 Cold Chain Monitoring Market for Biobanks Application, By Component, 2013–2022 (USD Million)
Table 37 Cold Chain Monitoring Market for Biobanks Application, By Hardware Component, 2013–2022 (USD Million)
Table 38 Cold Chain Monitoring Market for Food & Beverages Application, By Type, 2013–2022 (USD Million)
Table 39 Cold Chain Monitoring Market for Food & Beverages Application, By Component, 2013–2022 (USD Million)
Table 40 Cold Chain Monitoring Market for Food & Beverages Application, By Hardware Component, 2013–2022 (USD Million)
Table 41 Global Cold Chain Monitoring Market for Food & Beverages Application, By Region, 2013–2022 (USD Million)
Table 42 Cold Chain Monitoring Market for Fruits & Vegetables Application, By Component, 2013–2022 (USD Million)
Table 43 Cold Chain Monitoring Market for Fruits & Vegetables Application, By Hardware Component, 2013–2022 (USD Million)
Table 44 Cold Chain Monitoring Market for Meat & Seafood Application, By Component, 2013–2022 (USD Million)
Table 45 Cold Chain Monitoring Market for Meat & Seafood Application, By Hardware Component, 2013–2022 (In USD Million)
Table 46 Cold Chain Monitoring Market for Poultry & Dairy Application, By Component, 2013–2022 (USD Million)
Table 47 Cold Chain Monitoring Market for Poultry & Dairy Market Application, By Hardware Component, 2013–2022 (USD Million)
Table 48 Cold Chain Monitoring Market for Processed Food Application, By Component, 2013–2022 (USD Million)
Table 49 Cold Chain Monitoring Market for Processed Food Application, By Hardware Component, 2013–2022 (USD Million)
Table 50 Cold Chain Monitoring Market for Chemical Application, By Component, 2013–2022 (USD Million)
Table 51 Cold Chain Monitoring Market for Chemical Application, By Hardware Component, 2013–2022 (USD Million)
Table 52 Global Cold Chain Monitoring Market for Chemical Application, By Region, 2013–2022 (USD Million)
Table 53 Cold Chain Monitoring Market, By Logistics, 2013–2022 (USD Million)
Table 54 Cold Chain Monitoring Market for Storage, By Component, 2013–2022 (USD Million)
Table 55 Cold Chain Monitoring Market for Storage, By Hardware Component, 2013–2022 (USD Million)
Table 56 Cold Chain Monitoring Market for Transport, By Component, 2013–2022 (USD Million)
Table 57 Cold Chain Monitoring Market for Transport, By Hardware Component, 2013–2022 (USD Million)
Table 58 Global Cold Chain Monitoring Market, By Region, 2013–2022 (USD Million)
Table 59 Cold Chain Monitoring Market in Americas, By Region, 2013–2022 (USD Million)
Table 60 Cold Chain Monitoring Market in Americas, By End-Use Application, 2013–2022 (USD Million)
Table 61 Cold Chain Monitoring Market in North America, By Country, 2013–2022 (USD Million)
Table 62 Cold Chain Monitoring Market in Europe, By Country, 2013–2022 (USD Million)
Table 63 Cold Chain Monitoring Market in Europe, By End-Use Application, 2013–2022 (USD Million)
Table 64 Cold Chain Monitoring Market in APAC, By Country, 2013–2022 (USD Million)
Table 65 Cold Chain Monitoring Market in APAC, By End-Use Application, 2013–2022 (USD Million)
Table 66 Cold Chain Monitoring Market in RoW, By Region, 2013–2022 (USD Million)
Table 67 Cold Chain Monitoring Market in RoW, By End-Use Application, 2013–2022 (USD Million)
Table 68 Top 5 Players in the Cold Chain Monitoring Market, 2015
Table 69 New Product Launches and Developments in 2016
Table 70 Contracts and Agreements in the Cold Chain Monitoring Market in 2016
Table 71 Alliances and Business Expansions in the Cold Chain Monitoring Market in 2015
Table 72 Mergers and Acquisitions in the Cold Chain Monitoring Market in 2014-15


List of Figures (60 Figures)

Figure 1 Cold Chain Monitoring Market Segmentation
Figure 2 Cold Chain Monitoring Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Major Players Comprising Each Stage of Value Chain
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Cold Chain Monitoring Market Segmentation
Figure 8 Storage to Hold Largest Share of Cold Chain Monitoring Market, By Logistics, Between 2016-2022 (USD Million)
Figure 9 Cold Chain Monitoring Market for Software to Record Highest Growth Between 2016-2022 (USD Million)
Figure 10 Food and Beverages to Record Highest Growth in Cold Chain Monitoring Market, By End-Use Application, Between 2016-2022
Figure 11 APAC to Record Highest Growth in Global Cold Chain Monitoring Market, By Region, Between 2016-2022
Figure 12 Significant Opportunities in Cold Chain Monitoring Market, Particularly for Food and Beverage Application and Transportation Logistics, Between 2016-2022
Figure 13 Pharmaceutical and Healthcare Held Largest Share in Cold Chain Monitoring Market, By End-Use Application, in 2015
Figure 14 Software to Record Highest Growth in Cold Chain Monitoring Market, By Component, Between 2016-2022 (USD Million)
Figure 15 Food & Beverages to Record Highest Growth in Cold Chain Monitoring Market, By End-Use Application, Between 2016-2022 (USD Million)
Figure 16 Transportation to Record Highest Growth in Cold Chain Monitoring Market, By Logistics, Between 2016-2022 (USD Million)
Figure 17 APAC to Record Highest Growth in Global Cold Chain Monitoring Market, By Geography, Between 2016-2022
Figure 18 Drivers, Restraints, Opportunities, and Challenges for the Cold Chain Monitoring Market
Figure 19 Value Chain Analysis of Cold Chain Monitoring Market: Maximum Value Addition During Component Manufacturing and System Integration Phase
Figure 20 Porter’s Five Forces Analysis of Cold Chain Monitoring Market
Figure 21 Porter’s Five Forces Impact on Cold Chain Monitoring Market (2015)
Figure 22 Impact of Bargaining Power of Suppliers on Cold Chain Monitoring Market (2015)
Figure 23 Impact of Bargaining Power of Buyers on Cold Chain Monitoring Market (2015)
Figure 24 Impact of Threat of New Entrants on Cold Chain Monitoring Market (2015)
Figure 25 Impact of Threat of Substitutes on Cold Chain Monitoring Market (2015)
Figure 26 Impact of Degree of Competition on Cold Chain Monitoring Market (2015)
Figure 27 Cold Chain Monitoring Market, By Component
Figure 28 Software to Record Higher Growth in Cold Chain Monitoring Market, By Component, Between 2016-2022 (USD Million)
Figure 29 Transportation to Record Higher Growth in Cold Chain Monitoring Market for Hardware Component, By Logistics, Between 2016-2022 (USD Million)
Figure 30 Food & Beverages to Dominate Cold Chain Monitoring Market for Sensors & Data Loggers, By End-Use Application, Between 2016-2022 (USD Million)
Figure 31 Transportation to Record Highest Growth in Cold Chain Monitoring Market for RFID Devices, By Logistics, Between 2016-2022 (USD Million)
Figure 32 Biobanks to Record Highest Growth in Cold Chain Monitoring Market for Telematics & Telemetry Devices, By Pharmaceuticals and Healthcare Application, Between 2016-2022 (USD Million)
Figure 33 Food & Beverages to Record Fastest Growth in Cold Chain Monitoring Market for Networking Devices, By End-Use Application, Between 2016-2022 (USD Million)
Figure 34 Food & Beverages to Record Highest Growth in Cold Chain Monitoring Market for Software Component, By End-Use Application, Between 2016-2022 (USD Million)
Figure 35 Cold Chain Monitoring Market, By End-Use Application
Figure 36 Food & Beverages to Record Highest Growth in Cold Chain Monitoring Market, By End-Use Application, Between 2016-2022 (USD Million)
Figure 37 APAC to Record Highest Growth in Global Cold Chain Monitoring Market for Pharmaceutical & Healthcare Application, By Region, Between 2016-2022 (USD Million)
Figure 38 Networking Devices to Record Highest Growth in Cold Chain Monitoring Market for Vaccines, By Component, Between 2016-2022 (USD Million)
Figure 39 Meat and Seafood to Dominate Cold Chain Monitoring Market for Food & Beverages Application Between 2016-2022 (USD Million)
Figure 40 Software to Record Highest Growth in Cold Chain Monitoring Market for Fruits & Vegetables Application, By Component, Between 2016-2022
Figure 41 Sensors & Data Loggers to Dominate Cold Chain Monitoring Market for Meat & Seafood Application, By Hardware Component, Between 2016-2022 (USD Million)
Figure 42 Telemetry & Telematics to Record Highest Growth in Cold Chain Monitoring Market for Processed Food Application, By Hardware Component, Between 2016-2022
Figure 43 APAC to Record Highest Growth in Global Cold Chain Monitoring Market for Chemical Application, By Region, Between 2016-2022
Figure 44 Cold Chain Monitoring Market, By Logistics
Figure 45 Transportation to Record Highest Growth in Cold Chain Monitoring Market, By Logistics, Between 2016-2022 (USD Million)
Figure 46 Software to Record Highest Growth in Cold Chain Monitoring Market for Transportation, By Component, Between 2016-2022 (USD Million)
Figure 47 Cold Chain Monitoring Market: By Region
Figure 48 Geographic Snapshot of Global Cold Chain Monitoring Market, 2016–2022
Figure 49 Cold Chain Monitoring Market Segmentation: Americas
Figure 50 Americas Cold Chain Monitoring Market Snapshot, 2016
Figure 51 Cold Chain Monitoring Market Segmentation: Europe
Figure 52 Europe Cold Chain Monitoring Market Snapshot, 2016
Figure 53 Cold Chain Monitoring Market Segmentation: APAC
Figure 54 APAC Cold Chain Monitoring Market Snapshot, 2016
Figure 55 Cold Chain Monitoring Market Segmentation: RoW
Figure 56 RoW Cold Chain Monitoring Market Snapshot, 2016
Figure 57 Companies Adopted New Product Development as the Key Growth Strategy
Figure 58 Market Evolution Framework: New Product Launches Driving the Growth Between 2014 and 2016
Figure 59 Battle for Market Share: New Product Launches/Developments Was the Key Strategy Adopted Between 2014 and 2016
Figure 60 Orbcomm: Company Snapshot

According to the MarketsandMarkets forecast, the cold chain monitoring market is expected to grow from USD 3.11 Billion in 2015 to USD 6.23 Billion by 2022, at a CAGR of 9.84% between 2016 and 2022. Cold chain monitoring solutions are used in various applications such as pharmaceuticals and healthcare, food and beverages, and chemicals. The regulatory environment in the pharmaceutical industry to maintain quality of the pharmaceutical products facilitates the adoption of cold chain monitoring solutions. The efficient management of cold storages for pharmaceutical and food chain applications also depends on the hardware and software components used for monitoring purposes.

The scope of this report covers the cold chain monitoring market on the basis of component, end-use application, logistics, and geography. Hardware components are expected to hold the largest market share of the market during the forecast period, whereas the market for software components is likely grow at the highest rate during the forecast period.

Pharmaceutical and healthcare applications held the largest share of the cold chain monitoring market 2015. The market for food and beverages applications is expected to grow at the highest rate during the forecast period.

The market for the transportation sector is expected to grow at the highest rate during the forecast period. The transportation sector is exposed to external influences, which are detrimental to the cold chain. This necessitates the use of enhanced monitoring solutions to effectively control the losses due to enviromental changes and mismanagement. The growing cold chain also results in the rising transportational support required in the distribution activities of the cold chain.

Cold Chain Monitoring Market

The Americas is expected to hold the largest share of the cold chain monitroing market between 2016 and 2022. The pharmaceutical regulatory environment in North America, growing food-based cold chains in South America, and considerable number of cold chain monitoring solution providers in the U.S. are some of the factors driving the market growth in the Americas. The cold chain monitoring market in APAC is expected to grow at the highest rate during the forecast period.

The cost of the installation of equipment in an expansive cold chain would pose as a major restraining factor for the market growth. The prospects of warehouse automation are expected to be the key opportunities for the storage segment of the cold chain monitoring market. The major vendors operating in the market include Sensitech, Inc. (U.S.), ORBCOMM (U.S.), Berlinger & Co., AG (Switzerland), Monnit Corp. (U.S.), and ELPRO_BUCHS AG (Switzerland), among others. These players have adopted various strategies such as new product launches and developments, partnerships, collaborations, business expansions, and mergers to cater to the needs of the market.

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