HOME Research Insight Market Leader - Cold Chain Monitoring Market

Market Leader - Cold Chain Monitoring Market

Cold chain monitoring solutions are increasingly being adopted in the cold chains in various phases such as production and distribution, of a wide range of applications such as pharmaceuticals and food. Apart from the growing demand for efficient sensors for cold chain monitoring, the demand for software is also increasing at a fast rate. A considerable rise in the adoption of cold chain monitoring solutions for food and beverages applications is expected in the future, owing to the growing demand for quality food through the food distribution network. The cold chain monitoring market for the transportation sector is also expected to grow at a considerable rate during the forecast period.

New product development has been the key strategy for the players operating in the cold chain monitoring market for the last few years. A number of major players have resorted to develop newer products for the cold chain monitoring market such as sensors, RFID tags, gateway devices, and others. Several players have directed their R&D operations toward producing optimized solutions for the target markets such as pharmaceuticals and healthcare and so on. There is a considerable rise in the number of contracts signed to undertake various projects for developing cold chain monitoring solutions. Strategies such as partnerships, agreements, and collaborations have also been adopted in the market. Mergers and acquisitions have also been adopted by the players to increase their shares, especially in the North American and European markets.

Sensitech, Inc. (U.S.) ranked first in the cold chain monitoring market in 2015. The company is a subsidiary of United Technologies (U.S.) and is a leading provider of sensors and software components for various cold chain applications. It has expanded its offerings from PC-based software solutions to mobile-based apps to provide regular updates on the cold chains. Thus, it can thrive in the future with a lot of IoT-based solutions coming to the fore. Apart from providing sensors to monitor the ambient temperature of the materials in the cold chain, the company also provides facility monitoring and logistical security solutions. It has a global outreach, spanning across North and South America, Europe, and APAC.

ORBCOMM (U.S.) ranked second in the cold chain monitoring market in 2015. The company offers a wide range of sensors and software products. It emphasizes on providing telematics services, including cellular and satellite-based connectivity features. The company has launched a series of its OG series of satellites to garner better connectivity for its M2M offerings. ORBCOMM has acquired a few companies in North America and Europe to expand its business in M2M activities. For instance, in October 2015, the company acquired WAM Technologies LLC (U.S.) and integrated the company’s M2M offerings with its own product line. It has also actively collaborated with software firms to enhance its portfolio of software solutions. The company has sought to get its products and solutions certified to increase its marketability and grown organically by landing many important contracts pertaining to the cold chain monitoring market.

Berlinger & Co., AG (Switzerland) ranked third in the cold chain monitoring market in 2015. The company has majorly adopted the strategy of new product launches to increase its market share. It offers hardware sensors, including data loggers, temperature sensors, and other sensors based on wireless, GPS/GPRS, and RFID-based connectivity. The software solutions are constantly updated by the company to be in sync with the changing sensors and network environment in the cold chain monitoring market. In March 2016, the company updated its Berlinger smartview - Release 4.0 with added GUI and other features. It has major market in Europe, but has expanded in other regions such as North America and Africa to strengthen its footprint in the market. The company has collaborated with various distributers in various regions to bolster its growth. It has also undertaken mergers and acquisitions to improve its market position.

Related 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

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