The smart container market is projected to grow from USD 3.9 billion in 2022 to USD 9.7 billion by 2027, at a CAGR of 19.6% during the forecast period. Increasing focus on end-to-end supply chain visibility, high demand for monitoring and control of internal container conditions, and increasing adoption of IoT devices by shipping companies are the key factors expected to drive the growth of the smart container market in the next five years. However, the lack of preparedness of the shipping industry against cyber security threats is expected to be a major factor restraining the growth of the market.
Key players operating in the market include MSC (Switzerland), Sealand-A Maersk Company (US), Globe Tracker (Denmark), Traxens (France), and ORBCOMM (US). Major strategies adopted by these players to enhance their product portfolio, increase their market share, and expand their presence in the market include research and development and product launches.
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MSC is a privately owned global shipping company. As one of the world’s leading container shipping lines, MSC operates in over 675 offices across more than 155 countries worldwide. MSC has access to an integrated network of road, rail, and sea transport resources that stretches across the globe. The company operates in all major ports of the world. As of 2021, MSC operates 570 container vessels with an intake capacity of 3,920,784 twenty-foot equivalent units (TEU) and is the largest container shipping company in the world. The company offers solutions such as shipping solutions, inland solutions, air cargo solutions, digital solutions, and peace of mind solutions. Within the digital solutions, MSC offers direct integrations, eBL, smart containers, and TradeLens. MSC caters to industries such as agriculture, automotive, chemicals & petrochemicals, food & beverages, fruits & vegetables, mining & minerals, pharmaceuticals, plastics & rubber, pulp & paper, forest, and retail. In the smart container market, MSC offers tracking and monitoring services for dry cargo. The company offers smart container services for all dry containers, open tops, and flat racks. its smart container devices can be integrated into the IT systems providing 24/7 access to data about a containers position, door status, temperature, humidity, and more. In 2018, MSC partnered with Traxens to offer smart container solutions to its customers.
Sealand – A Maersk Company is a regional container logistics company. The company moves cargo across the Americas, Asia, Europe, North Africa, and the Middle East. It offers ocean and intermodal freight transportation services using container trucks, ships, and rail. Sealand – A Maersk Company is a division of the Maersk Group. Through its close connection to Maersk, this company offers its customers the benefits of industry-leading logistics expertise and cutting-edge technology. Sealand – A Maersk Company offers various services such as Shipping and Cargo Services, Supply Chain Services, and Digital Solutions. One of the digital solutions offered by the company is Captain Peter. Captain Peter is a reefer visibility assistant that gives clients a view inside the container and allows cargo monitoring throughout the supply chain. The company has a presence in over 130 countries.
Smart Container Market by Offering (Hardware, Software, Services), Vertical (Food & Beverages, Chemicals, Oil & Gas, Pharmaceuticals), Technology (GPS, Cellular, Bluetooth Low Energy, LoRaWAN) and Region - Global Forecast to 2027
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