Smart Container Market

Smart Container Market by Offering (Hardware, Software, and Services), Technology (GPS, Cellular, BLE, LoRa WAN), Vertical (Food & Beverages, Pharmaceuticals, Chemicals, Oil & Gas), and Geography - Global Forecast to 2024

Report Code: SE 7466 Dec, 2019, by marketsandmarkets.com

The smart container market is estimated to grow from USD 2.6 billion in 2019 and projected to reach USD 5.7 billion by 2024; it is expected to grow at a CAGR of 16.9% from 2019 to 2024. The most significant factor driving the growth of this market is the rise in the adoption of IoT connected devices by major shipping companies. This trend is gaining momentum, as a large amount of data is collected during the entire transportation process, from which various important insights can be extracted. With these insights, issues can be pinpointed, downtime can be reduced, and procedures can be streamlined, thereby improving operational efficiency in the maritime industry.

Smart Container Market

“Hardware segment to dominate smart container market (in terms of share) during the forecast period. ”

The market for hardware components used in smart container solutions is expected to dominate the smart container market during the forecast period, as a wide variety of hardware components with varying prices are deployed to conduct container monitoring and tracking applications. Smart container solutions require a lot of sensors and other hardware components for effective network monitoring, and a few of these hardware components can be comparatively expensive.

“LoRa WAN technology  to grow at the highest CAGR in the smart container market during the forecast period.”

The smart container market for LoRa WAN is expected to grow at the highest CAGR during the forecast period, mainly due to its better characteristics than other technologies such as BLE, Zigbee, and Wi-Fi. LoRa WAN offers a wide range of communication due to its high bandwidth capability. Also, it can reach sensors monitoring the assets inside the container due to its in-depth indoor penetration feature. This feature helps to overcome problems arising in cases where most of the signals would be reflected from a container’s surface.

 Europe is expected to be the largest market in the smart container market during the forecast period.”

Europe is expected to be the largest market during the forecast period. This is mainly due to the presence of major shipping companies in Europe, such as Maersk, CMA CGM, Hamburg Sud, and MSC, that demand for smart shipping container solutions. According to the European Community Shipowners’ Associations (ECSA), European shipowners control over 40% of the world's merchant fleet and operate shipping services across the globe. According to the United Nations Conference on Trade and Development (UNCTAD), Europe is the second-largest region in terms of container port volumes. In 2017, it accounted for 16% of the total world container port volumes.

Smart Container Market

Key Market Players

Major players in the smart container market are Orbcomm (US), Smart Containers Group AG (Switzerland), Traxens (France), Globe Tracker (Denmark), and Nexiot AG (Switzerland). Other players operating in market include Phillips Connect Technologies (Division of Phillips Industries) (US), SeaLand (Maersk) (Denmark), Robert Bosch Manufacturing Solutions (Robert Bosch GmbH) (Germany), Ambrosus (Switzerland), and ZillionSource Technologies Co., Ltd. (Cisco) (China)

ORBCOMM (US) holds the leading position in the smart container market. The company has a strong product portfolio for the market that enables the company to maintain its leading position in the market. Its revenue grew substantially between 2016 and 2018 due to its aggressive marketing and expansion activities. The company focuses on growth strategies such as contracts, acquisitions, and partnerships. For instance, in October 2017, it acquired Blue Tree Systems Limited, which solidified ORBCOMM’s transportation portfolio by adding truck in-cab and refrigerated fleet vehicle solutions to its industry-leading cargo solutions.

With the rise in need for monitoring solutions by various cargo shipping companies for the container transportation process, the company could focus on developing mobile-based applications to provide real-time updates to all the stakeholders involved in the supply chain. Currently, the company depends extensively on the US market. To maintain its leadership in the smart container market, the company could find consistent revenue pockets in Europe and APAC, which are likely to offer exciting opportunities.

Report Scope

Smart Container Market

Smart container market segmentation

Market, by Offering

  • Hardware
  • Sensors
  • Temperature sensors
  • Pressure sensors
  • Humidity sensors
  • Gas sensors
  • Other sensors
  • Connectivity Devices
  • Telematics and Telemetry Devices
  • Software
  • Services

By Technology

  •  GPS (Global Positioning System)
  • Cellular
  • LoRa WAN (Long Range Wide Area Network)
  • BLE
  • Others

By Vertical

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

By Geography

  • North America
  • Europe
  • APAC
  • RoW

Key questions addressed by the report:

  • What are the opportunities for smart container solution providers?
  • How much growth is expected from hardware, software, and services  in the market
  • Who are the major current and potential competitors in the market, and what are their growth strategies?
  • What are the major end-use applications of the smart container market?
  • What are the major technologies used in smart container solutions and their impact on the smart container market and growth trends in the respective communication protocol?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 20)
    1.1 Study Objectives
    1.2 Market Definition
           1.2.1 Inclusions and Exclusions
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 24)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Data From Primary Sources
                    2.1.2.3 Key Industry Insights
           2.1.3 Secondary and Primary Research
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 34)

4 Premium Insights (Page No. - 38)
    4.1 Attractive Opportunities for Growth of Smart Container Market
    4.2 Market, By Vertical
    4.3 Market, By Offering
    4.4 Market, By Technology
    4.5 Market, By Geography

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Need for Enhancing Operational Efficiency and Safety in Container Shipping Industry
                    5.2.1.2 Rise in Concerns Regarding Wastage of Food and Medical Products Due to Temperature Deviation
                    5.2.1.3 Increase in Adoption of IoT Devices By Major Shipping Companies
           5.2.2 Restraints
                    5.2.2.1 Concerns Regarding Security and Privacy
                    5.2.2.2 High Cost of Implementation
           5.2.3 Opportunities
                    5.2.3.1 Focus of Shipping Industry on Sustainability and Environment
                    5.2.3.2 Increase in Investments in Container Management Technologies
           5.2.4 Challenges
                    5.2.4.1 Interoperability Issues Due to Lack of Uniform Communication Standards
    5.3 Industry Trends
           5.3.1 Value Chain Analysis
                    5.3.1.1 Electronic and Component Manufacturers
                    5.3.1.2 Connectivity Technology Developers
                    5.3.1.3 Hardware and Software Providers
                    5.3.1.4 System Integration and Service Providers
           5.3.2 Key Trends
                    5.3.2.1 Digital Transformation in Supply Chain
                    5.3.2.2 Connected Ports/Smart Shipping

6 Smart Container Market, By Offering (Page No. - 51)
    6.1 Introduction
    6.2 Hardware
           6.2.1 Sensors
                    6.2.1.1 Temperature Sensors
                               6.2.1.1.1 Temperature Sensors to Hold the Major Size of the Sensor Market During the Forecast Period
                    6.2.1.2 Pressure Sensors
                               6.2.1.2.1 Pressure to Be Adopted for Various Applications Across Oil & Gas, Chemicals, and Food & Beverages Verticals
                    6.2.1.3 Humidity Sensors
                               6.2.1.3.1 Humidity Sensors to Witness Highest CAGR in Smart Container Sensors Market During Forecast Period
                    6.2.1.4 Gas Sensors
                               6.2.1.4.1 Rise in the Adoption Level of Gas Sensors in Smart Container Solutions for Oil & Gas, and Chemical Verticals
                    6.2.1.5 Other Sensors
                               6.2.1.5.1 Other Sensors Include Major Sensors Like Optical, Magnetic, Shock Detection, Leakage Detection, and Position Sensors
           6.2.2 Connectivity Devices
                    6.2.2.1 Connectivity Devices to Exhibit Highest CAGR in Smart Container Hardware Market During Forecast Period
           6.2.3 Telematics and Telemetry Devices
                    6.2.3.1 Telematics and Telemetry Devices Provide Better Logistics Management Capabilities
    6.3 Software
           6.3.1 APAC Smart Container Software Market to Exhibit Highest Growth During Forecast Period
    6.4 Services
           6.4.1 Europe to Dominate Smart Container Services Market During Forecast Period

7 Smart Container Market, By Technology (Page No. - 59)
    7.1 Introduction
    7.2 Global Positioning System (GPS)
           7.2.1 GPS to Hold Major Size of Smart Container Technology Market During Forecast Period
    7.3 Cellular
           7.3.1 Cellular Technology is One of the Easiest Ways to Detect and Define Location of Containers
    7.4 Lora Wan (Long Range Wide Area Network)
           7.4.1 Lora Wan Reach Sensors Monitoring the Assets Inside Containers Due to Its Deep Indoor Penetration Feature
    7.5 Bluetooth Low Energy (BLE)
           7.5.1 BLE is Considered as Future of Consumer Engagement in Supply Chain Operations
    7.6 Others
           7.6.1 Benefits Offered By Alternative Technologies to Slow Down Market for Wi-Fi in Coming Years

8 Smart Container Market, By Vertical (Page No. - 63)
    8.1 Introduction
    8.2 Food & Beverages
           8.2.1 Europe to Hold Major Share of Smart Container Market for Food & Beverages Vertical During Forecast Period
    8.3 Pharmaceutical
           8.3.1 APAC to Witness Highest CAGR in Smart Container Market for Pharmaceutical Vertical During Forecast Period
    8.4 Oil & Gas
           8.4.1 US to Account for Major Share in North American Smart Container Market for Oil and Gas Vertical During Forecast Period
    8.5 Chemicals
           8.5.1 APAC to Exhibit Highest Growth Rate in Smart Container Market for Chemical Vertical During Forecast Period
    8.6 Others
           8.6.1 Germany to Hold Major Share of European Smart Container Market for Other Verticals During Forecast Period

9 Geographic Analysis (Page No. - 76)
    9.1 Introduction
    9.2 North America
           9.2.1 US
                    9.2.1.1 US to Hold Major Share of Smart Container Market in North America During Forecast Period
           9.2.2 Canada
                    9.2.2.1 Increase in Demand for Hardware Components of Smart Container Solutions to Drive Smart Container Market in Canada During Forecast Period
           9.2.3 Mexico
                    9.2.3.1 Mexico Smart Container Market to Grow at Highest CAGR in North America During Forecast Period
    9.3 Europe
           9.3.1 Germany
                    9.3.1.1 Software Segment to Exhibit Highest Market Growth in Germany During Forecast Period
           9.3.2 France
                    9.3.2.1 Chemicals and Pharmaceuticals Verticals to Create Demand for Smart Container Solutions in France
           9.3.3 UK
                    9.3.3.1 High Demand for Smart Container Solutions in Pharmaceuticals Vertical to Drive Smart Container Market in UK
           9.3.4 Italy
                    9.3.4.1 Rapid Penetration of Smart Container Solutions in Food & Beverages Vertical to Be Major Growth Driver in Italy
           9.3.5 Rest of Europe
                    9.3.5.1 Rest of Europe to Witness Highest CAGR in Smart Container Market During Forecast Period
    9.4 APAC
           9.4.1 China
                    9.4.1.1 China to Dominate Market in APAC During Forecast Period
           9.4.2 Japan
                    9.4.2.1 Japanese Smart Container Market for Pharmaceuticals and Oil & Gas Verticals to Witness Rapid Growth During Forecast Period
           9.4.3 India
                    9.4.3.1 Smart Container Market in India to Grow at Highest CAGR in APAC During Forecast Period
           9.4.4 Australia
                    9.4.4.1 Food and Beverages Vertical to Contribute Major Share in Market in Australia
           9.4.5 Rest of APAC
                    9.4.5.1 Growth of Chemicals and Pharmaceuticals Verticals to Fuel Demand for Smart Container Solutions in Rest of APAC
    9.5 Rest of the World (RoW)
           9.5.1 Middle East & Africa
                    9.5.1.1 Oil & Gas and Mining Sectors to Drive the Growth of Market in Mea
           9.5.2 South America
                    9.5.2.1 South America to Witness High Growth in Market on the Back of Food and Beverages Vertical

10 Competitive Landscape (Page No. - 118)
     10.1 Overview
     10.2 Ranking Analysis: Smart Container Market Players
     10.3 Competitive Leadership Mapping
             10.3.1 Visionary Leaders
             10.3.2 Innovators
             10.3.3 Dynamic Differentiators
             10.3.4 Emerging Companies
     10.4 Competitive Situations and Trends
             10.4.1 Product Launches and Developments
             10.4.2 Agreements, Partnerships, Collaborations, and Contracts
             10.4.3 Mergers & Acquisitions

11 Company Profiles (Page No. - 125)
     11.1 Introduction
     11.2 Key Players
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
             11.2.1 Orbcomm
             11.2.2 Smart Containers Group AG
             11.2.3 Traxens
             11.2.4 Globe Tracker
             11.2.5 Nexiot AG
             11.2.6 Phillips Connect Technologies (Division of Phillips Industries)
             11.2.7 Sealand (Maersk)
             11.2.8 Robert Bosch Manufacturing Solutions (Robert Bosch GmbH)
             11.2.9 Ambrosus
             11.2.10 Zillionsource Technologies Co., Ltd. (CISCO)
* Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
     11.3 Right to Win
     11.4 Key Innovators
             11.4.1 Loginno
             11.4.2 Savvy Telematic Systems AG
             11.4.3 Berlinger & Co.
             11.4.4 Shenzhen CIMC Technology Co., Ltd.
     11.5 Other Players
             11.5.1 Identec Solutions AG
             11.5.2 ZIM Integrated Shipping Services
             11.5.3 Securesystem
             11.5.4 International Business Machines Corporation (IBM)
             11.5.5 Emerson
             11.5.6 Sensitech Inc
             11.5.7 AT&T Inc.
             11.5.8 Smartsense (Digi International Inc)
             11.5.9 Sensortransport Inc.
             11.5.10 Monnit Corporation
             11.5.11 Shenzhen Joint Technology Co., Ltd

12 Appendix (Page No. - 157)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available Customization
     12.5 Related Reports
     12.6 Author Details


List of Tables (121 Tables)

Table 1 Smart Container Market, By Offering, 2016–2024 (USD Million)
Table 2 Market for Hardware, By Component, 2016–2024 (USD Million)
Table 3 Market for Sensors, By Sensor Type, 2016–2024 (USD Million)
Table 4 Market for Hardware, By Region, 2016–2024 (USD Million)
Table 5 Market for Software, By Region, 2016–2024 (USD Million)
Table 6 Market for Services, By Region, 2016—2016 (USD Million)
Table 7 Market, By Technology, 2016–2024 (USD Million)
Table 8 Market, By Vertical, 2016–2024 (USD Million)
Table 9 Market for Food & Beverages, By Region, 2016–2024 (USD Million)
Table 10 Market for Food & Beverages in North America, By Country, 2016–2024 (USD Thousand)
Table 11 Market for Food & Beverages in Europe, By Country, 2016–2024 (USD Million)
Table 12 Market for Food & Beverages in APAC, By Country, 2016–2024 (USD Million)
Table 13 Market for Food & Beverages in RoW, By Region, 2016–2024 (USD Million)
Table 14 Market for Pharmaceutical, By Region, 2016–2024 (USD Million)
Table 15 Market for Pharmaceutical in North America, By Country, 2016–2024 (USD Million)
Table 16 Market for Pharmaceutical in Europe, By Country, 2016–2024 (USD Million)
Table 17 Market for Pharmaceutical in APAC, By Country, 2016–2024 (USD Thousand)
Table 18 Market for Pharmaceutical in RoW, By Region, 2016–2024 (USD Thousand)
Table 19 Market for Oil & Gas, By Region, 2016–2024 (USD Million)
Table 20 Market for Oil & Gas in North America, By Country, 2016–2024 (USD Thousand)
Table 21 Market for Oil & Gas in Europe, By Country, 2016–2024 (USD Thousand)
Table 22 Market for Oil & Gas in APAC, By Country, 2016–2024 (USD Thousand)
Table 23 Market for Oil & Gas in RoW, By Region, 2016–2024 (USD Thousand)
Table 24 Market for Chemicals, By Region, 2016–2024 (USD Million)
Table 25 Market for Chemicals in North America, By Country, 2016–2024 (USD Thousand)
Table 26 Market for Chemicals in Europe, By Country, 2016–2024 (USD Thousand)
Table 27 Market for Chemicals in APAC, By Country, 2016–2024 (USD Thousand)
Table 28 Market for Chemicals in RoW, By Region, 2016–2024 (USD Thousand)
Table 29 Market for Other Verticals, By Region, 2016–2024 (USD Million)
Table 30 Market for Other Verticals in North America, By Country, 2016–2024 (USD Thousand)
Table 31 Market for Other Verticals in Europe, By Country, 2016–2024 (USD Thousand)
Table 32 Market for Other Verticals in APAC, By Country, 2016–2024 (USD Thousand)
Table 33 Market for Other Verticals in RoW, By Region, 2016–2024 (USD Thousand)
Table 34 Market, By Region, 2016–2024 (USD Million)
Table 35 Market in North America, By Country, 2016–2024 (USD Million)
Table 36 Market in North America, By Offering, 2016–2024 (USD Million)
Table 37 Market in North America, By Vertical, 2016–2024 (USD Million)
Table 38 Market in US, By Offering, 2016–2024 (USD Million)
Table 39 Market for Food & Beverages in US, By Offering, 2016–2024 (USD Thousand)
Table 40 Market for Pharmaceuticals in US, By Offering, 2016–2024 (USD Thousand)
Table 41 Market for Oil & Gas in US, By Offering, 2016–2024 (USD Thousand)
Table 42 Market in US, By Vertical, 2016–2024 (USD Million)
Table 43 Market in Canada, By Offering, 2016–2024 (USD Million)
Table 44 Market for Food & Beverages in Canada, By Offering, 2016–2024 (USD Thousand)
Table 45 Market for Pharmaceuticals in Canada, By Offering, 2016–2024 (USD Thousand)
Table 46 Market for Oil & Gas in Canada, By Offering, 2016–2024 (USD Thousand)
Table 47 Market in Canada, By Vertical, 2016–2024 (USD Thousand)
Table 48 Market in Mexico, By Offering, 2016–2024 (USD Million)
Table 49 Market for Food & Beverages in Mexico, By Offering, 2016–2024 (USD Thousand)
Table 50 Market for Pharmaceuticals in Mexico, By Offering, 2016–2024 (USD Thousand)
Table 51 Market for Oil & Gas in Mexico, By Offering, 2016–2024 (USD Thousand)
Table 52 Market in Mexico, By Vertical, 2016–2024 (USD Thousand)
Table 53 Market in Europe, By Country, 2016–2024 (USD Million)
Table 54 Market in Europe, By Offering, 2016–2024 (USD Million)
Table 55 Market in Europe, By Vertical, 2016–2024 (USD Million)
Table 56 Market in Germany, By Offering, 2016–2024 (USD Million)
Table 57 Market for Food & Beverages in Germany, By Offering, 2016–2024 (USD Thousand)
Table 58 Market for Pharmaceuticals in Germany, By Offering, 2016–2024 (USD Thousand)
Table 59 Market for Oil & Gas in Germany, By Offering, 2016–2024 (USD Thousand)
Table 60 Market in Germany, By Vertical, 2016–2024 (USD Million)
Table 61 Market in France, By Offering, 2016–2024 (USD Million)
Table 62 Market for Food & Beverages in France, By Offering, 2016–2024 (USD Thousand)
Table 63 Market for Pharmaceuticals in France, By Offering, 2016–2024 (USD Thousand)
Table 64 Market for Oil & Gas in France, By Offering, 2016–2024 (USD Thousand)
Table 65 Market in France, By Vertical, 2016–2024 (USD Million)
Table 66 Market in UK, By Offering, 2016–2024 (USD Million)
Table 67 Market for Food & Beverages in UK, By Offering, 2016–2024 (USD Thousand)
Table 68 Market for Pharmaceuticals in UK, By Offering, 2016–2024 (USD Thousand)
Table 69 Market for Oil & Gas in UK, By Offering, 2016–2024 (USD Thousand)
Table 70 Market in UK, By Vertical, 2016–2024 (USD Million)
Table 71 Market in Italy, By Offering, 2016–2024 (USD Million)
Table 72 Market for Food & Beverages in Italy, By Offering, 2016–2024 (USD Thousand)
Table 73 Market for Pharmaceuticals in Italy, By Offering, 2016–2024 (USD Thousand)
Table 74 Market for Oil & Gas in Italy, By Offering, 2016–2024 (USD Thousand)
Table 75 Market in Italy, By Vertical, 2016–2024 (USD Million)
Table 76 Market in Rest of Europe, By Offering, 2016–2024 (USD Million)
Table 77 Market for Food & Beverages in Rest of Europe, By Offering, 2016–2024 (USD Thousand)
Table 78 Market for Pharmaceuticals in Rest of Europe, By Offering, 2016–2024 (USD Thousand)
Table 79 Market for Oil & Gas in Rest of Europe, By Offering, 2016–2024 (USD Thousand)
Table 80 Market in Rest of Europe, By Vertical, 2016–2024 (USD Million)
Table 81 Market in APAC, By Country, 2016–2024 (USD Million)
Table 82 Market in APAC, By Offering, 2016–2024 (USD Million)
Table 83 Market in APAC, By Vertical, 2016–2024 (USD Million)
Table 84 Market in China, By Offering, 2016–2024 (USD Million)
Table 85 Market for Food & Beverages in China, By Offering, 2016–2024 (USD Thousand)
Table 86 Market for Pharmaceuticals in China, By Offering, 2016–2024 (USD Thousand)
Table 87 Market for Oil & Gas in China, By Offering, 2016–2024 (USD Thousand)
Table 88 Market in China, By Vertical, 2016–2024 (USD Thousand)
Table 89 Market in Japan, By Offering, 2016–2024 (USD Thousand)
Table 90 Market for Food & Beverages in Japan, By Offering, 2016–2024 (USD Thousand)
Table 91 Market for Pharmaceuticals in Japan, By Offering, 2016–2024 (USD Thousand)
Table 92 Market for Oil & Gas in Japan, By Offering, 2016–2024 (USD Thousand)
Table 93 Market in Japan, By Vertical, 2016–2024 (USD Thousand)
Table 94 Market in India, By Offering, 2016–2024 (USD Thousand)
Table 95 Market for Food & Beverages in India, By Offering, 2016–2024 (USD Thousand)
Table 96 Market for Pharmaceuticals in India, By Offering, 2016–2024 (USD Thousand)
Table 97 Market for Oil & Gas in India, By Offering, 2016–2024 (USD Thousand)
Table 98 Market in India, By Vertical, 2016–2024 (USD Thousand)
Table 99 Market in Australia, By Offering, 2016–2024 (USD Thousand)
Table 100 Market for Food & Beverages in Australia, By Offering, 2016–2024 (USD Thousand)
Table 101 Market for Pharmaceuticals in Australia, By Offering, 2016–2024 (USD Thousand)
Table 102 Market for Oil & Gas in Australia, By Offering, 2016–2024 (USD Thousand)
Table 103 Market in Australia, By Vertical, 2016–2024 (USD Thousand)
Table 104 Market in Rest of APAC, By Offering, 2016–2024 (USD Thousand)
Table 105 Market for Food & Beverages in Rest of APAC, By Offering, 2016–2024 (USD Thousand)
Table 106 Market for Pharmaceuticals in Rest of APAC, By Offering, 2016–2024 (USD Thousand)
Table 107 Market for Oil & Gas in Rest of APAC, By Offering, 2016–2024 (USD Thousand)
Table 108 Market in Rest of APAC, By Vertical, 2016–2024 (USD Thousand)
Table 109 Market in RoW, By Region, 2016–2024 (USD Million)
Table 110 Market in RoW, By Offering, 2016–2024 (USD Million)
Table 111 Market in RoW, By Vertical, 2016–2024 (USD Million)
Table 112 Market in Middle East & Africa, By Offering, 2016–2024 (USD Million)
Table 113 Market for Food & Beverages in Middle East & Africa, By Offering, 2016–2024 (USD Thousand)
Table 114 Market for Pharmaceuticals in Middle East & Africa, By Offering, 2016–2024 (USD Thousand)
Table 115 Market for Oil & Gas in Middle East & Africa, By Offering, 2016–2024 (USD Thousand)
Table 116 Market in Middle East & Africa, By Vertical, 2016–2024 (USD Thousand)
Table 117 Market in South America, By Offering, 2016–2024 (USD Thousand)
Table 118 Market for Food & Beverages in South America, By Offering, 2016–2024 (USD Thousand)
Table 119 Market for Pharmaceuticals in South America, By Offering, 2016–2024 (USD Thousand)
Table 120 Market for Oil & Gas in South America, By Offering, 2016–2024 (USD Thousand)
Table 121 Market in South America, By Vertical, 2016–2024 (USD Thousand)


List of Figures (43 Figures)

Figure 1 Smart Container Market Segmentation
Figure 2 Market: Process Flow of Market Size Estimation
Figure 3 Market: Research Design
Figure 4 Market Size Estimation Methodology: Approach 1 (Supply Side): Revenue Generated By Companies From Solutions/Products/ Services Offered in Market
Figure 5 Market Size Estimation Methodology: Approach 2 (Demand Side): Adoption Level of Smart Container Solutions to the Global Container Fleet Size
Figure 6 Bottom-Up Approach
Figure 7 Top-Down Approach
Figure 8 Data Triangulation
Figure 9 Assumptions of the Research Study
Figure 10 Hardware to Hold Largest Size of Market During Forecast Period
Figure 11 Lora Wan Technology to Grow at Highest CAGR in Market During Forecast Period
Figure 12 Food & Beverages to Hold Major Size of Market During Forecast Period
Figure 13 Europe Held Major Share of Market in 2018
Figure 14 Market Expected to Exhibit High Growth From 2019 to 2024
Figure 15 Pharmaceuticals to Exhibit Highest Growth in Market During Forecast Period
Figure 16 Hardware to Hold Largest Size of Market During Forecast Period
Figure 17 Lora Wan Technology to Register Highest CAGR in Market During Forecast Period
Figure 18 Europe to Account for Largest Share of Market During Forecast Period
Figure 19 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 20 Market Drivers and Their Impact
Figure 21 Global IoT Technology Market, 2015–2022 (USD Billion)
Figure 22 Market Restraints and Their Impact
Figure 23 Market Opportunities and Their Impact
Figure 24 Market Challenges and Their Impact
Figure 25 Market: Value Chain Analysis
Figure 26 Market, By Offering
Figure 27 Hardware to Hold Largest Size of Market During Forecast Period
Figure 28 Market, By Technology
Figure 29 Lora Wan to Grow at Highest CAGR in Smart Container Technology Market During Forecast Period
Figure 30 Market, By Vertical
Figure 31 Food & Beverages to Hold Major Size of Market During Forecast Period
Figure 32 Market, By Geography
Figure 33 Market in APAC Countries to Grow at High CAGR During Forecast Period
Figure 34 Europe to Dominate Market During Forecast Period
Figure 35 North America: Smart Container Market Snapshot
Figure 36 Europe: Smart Container Market Snapshot
Figure 37 APAC: Smart Container Market Snapshot
Figure 38 Key Developments By Leading Players in the Market Between 2016 and 2019
Figure 39 Market Ranking of the Top 5 Players in the Market
Figure 40 Market (Global) Competitive Leadership Mapping, 2018
Figure 41 Orbcomm: Company Snapshot
Figure 42 Sealand (Maersk): Company Snapshot
Figure 43 Robert Bosch Manufacturing Solutions: Company Snapshot

The study involved four major activities for estimating the size of the smart container market. Exhaustive secondary research was done to collect information on the market, including its peer markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, press releases, investor presentations, and financial statements); trade, business, and professional associations; white papers, smart container solution-based marketing-related journals, certified publications, and articles from recognized authors; gold and silver standard websites; directories; and databases. Secondary data has been collected and analyzed to arrive at the overall market size, which has further been validated through primary research. The secondary data has been collected and analyzed to arrive at the global market size, which has further been validated by primary research.

Primary Research

In the primary research process, various primary sources from the supply and demand sides have been interviewed to obtain the qualitative and quantitative information relevant to this report. Primary sources from the supply side include key industry participants, subject matter experts (SMEs), C-level executives of key companies, and consultants from various key companies and organizations operating in the smart container market.

Primary research has also been conducted to identify segmentation types and key players, as well as analyze the competitive landscape, key market dynamics (drivers, restraints, opportunities, and challenges), and major growth strategies adopted by market players. During market engineering, both top-down and bottom-up approaches have been extensively used, along with several data triangulation methods, to estimate and forecast the market, including the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analyses have been performed during the complete market engineering process to list the key information/insights throughout the report. Primary data has been collected through questionnaires, e-mails, and telephonic interviews.

Smart Container Market

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

Market Size Estimation

In the market engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, have been used to estimate and validate the size of the overall market and other dependent submarkets listed in this report. Extensive qualitative and quantitative analyses have been performed during market engineering to list key information/insights.

Major players in the market have been identified through secondary research, and their market ranking has been determined through primary and secondary research. This involved studying the annual and financial reports of top market players, and interviews with industry experts (such as CEOs, vice presidents, directors, and marketing executives) for key insights—both quantitative and qualitative.

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.

Data Triangulation

After arriving at the overall market size through the process explained above, the total market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments, the market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Study Objectives

  • To define, describe, forecast, and analyze the smart container market by offering (hardware, software, and services), technology, vertical, and geography
  • To forecast the market for various segments with regard to four main regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the market
  • To strategically profile the key players and comprehensively analyze their market position in terms of their market ranking and core competencies2 and to analyze the competitive landscape across the ecosystem

Available Customization

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

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
SE 7466
Published ON
Dec, 2019
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