Container Tracking Market Trends and Forecast
The future of the global container tracking market looks promising with opportunities in the food & beverage, consumer good, vehicle transport, healthcare, and industrial product markets. The global container tracking market is expected to reach an estimated $20.4 billion by 2030 with a CAGR of 7.4% from 2024 to 2030. The major drivers for this market are growing adoption of digitalization in the logistics industry, increase of e-commerce sector, and ongoing development of low-cost sensors and IoT devices.
• Lucintel forecasts that software is expected to witness the highest growth over the forecast period.
• Within this market, food & beverage is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Container Tracking Market
• United States: In the United States, companies like ORBCOMM and Tive are leading initiatives in container tracking technology. ORBCOMM provides IoT solutions for real-time monitoring of container location and condition, supporting efficient supply chain management (source: ORBCOMM). Tive, on the other hand, offers cellular-connected trackers and cloud-based software for enhanced visibility and security in container tracking. Government initiatives in the US focus on enhancing supply chain security and efficiency through programs like the Customs-Trade Partnership Against Terrorism (C-TPAT), which encourages businesses to implement robust security measures in container tracking and logistics operations.
• India: In India, companies are increasingly adopting digital technologies for container tracking amid the countryÄX%$%Xs expanding logistics sector. Startups like Roambee provide IoT-enabled trackers and real-time monitoring solutions to improve visibility and security in container movements. The Indian governmentÄX%$%Xs initiatives such as the ÄX%$%XDigital IndiaÄX%$%X campaign and investments in infrastructure development under schemes like Sagarmala are aimed at modernizing ports and improving logistics efficiency, which indirectly supports advancements in container tracking technologies.
• China: ChinaÄX%$%Xs container tracking market is advancing with the adoption of technologies like blockchain and IoT. Companies like China COSCO Shipping Corporation are investing in digital platforms and smart logistics solutions to enhance supply chain visibility and efficiency. The Chinese governmentÄX%$%Xs Belt and Road Initiative (BRI) includes projects aimed at improving connectivity and logistics infrastructure across Asia, Africa, and Europe, which is expected to drive demand for advanced container tracking technologies.
• Germany: GermanyÄX%$%Xs container tracking market benefits from its central location in Europe and strong emphasis on logistics efficiency. Companies like DB Schenker are leveraging digitalization and IoT for real-time monitoring of container movements, aiming to optimize supply chain operations and enhance customer service. The German governmentÄX%$%Xs initiatives focus on sustainability and digital transformation in logistics, supporting innovations in container tracking technologies through investments in green logistics and smart city projects
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Container Tracking Market by Segment
The study includes a forecast for the global container tracking market by offering, technology type, mode of transportation, end-use, and region.
Container Tracking Market by Offering [Value from 2018 to 2030]:
• Hardware
• Software
• Services
Container Tracking Market by Technology Type [Value from 2018 to 2030]:
• RFID
• GPS
• Cellular
• Satellite
Container Tracking Market by Mode of Transportation [Value from 2018 to 2030]:
• Maritime
• Land
• Air
Container Tracking Market by End-Use [Value from 2018 to 2030]:
• Food & Beverages
• Consumer Goods
• Vehicle Transport
• Healthcare
• Industrial Products
• Others
Container Tracking Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Container Tracking Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies container tracking companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the container tracking companies profiled in this report include-
• CMA CGM
• COSCO
• GoComet
• Hanjin Logistics
• Hapag-Lloyd
• INTTRA
• Maersk
• Orient Overseas Container Line
• Project44
• SeaRates
Recent Development in the Container Tracking Market
• Maersk Line: Maersk Line: Maersk has implemented Remote Container Management (RCM) technology across its fleet. RCM enables real-time tracking of container conditions such as temperature, humidity, and location. This initiative enhances operational efficiency, reduces cargo damage, and improves customer service by providing accurate shipment status updates.
• IBM-Maersk (TradeLens): IBM-Maersk (TradeLens): TradeLens, a joint initiative between IBM and Maersk, uses blockchain technology for container tracking and documentation. It provides a secure, transparent, and immutable record of container movements and transactions across the supply chain. TradeLens aims to streamline logistics processes, reduce paperwork, and improve visibility for stakeholders including shippers, ports, and customs authorities.
• ORBCOMM: ORBCOMM: ORBCOMM offers IoT solutions for container tracking through its satellite and cellular networks. These solutions include sensors and devices that monitor container location, temperature, and other critical parameters in real-time. ORBCOMMÄX%$%Xs technology helps optimize supply chain operations, ensure cargo integrity, and comply with regulatory requirements.
• Tive: Tive: Tive provides real-time visibility solutions for container tracking using cellular-connected trackers and cloud-based software. Their platform enables shippers and logistics providers to monitor the location, condition, and security of shipments throughout the supply chain. TiveÄX%$%Xs technology enhances supply chain efficiency, reduces transit times, and minimizes risk through proactive monitoring and alerts
Features of the Global Container Tracking Market
Market Size Estimates: Container tracking market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Container tracking market size by various segments, such as by offering, technology type, mode of transportation, end-use, and region in terms of value ($B).
Regional Analysis: Container tracking market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different offering, technology types, mode of transportations, end-uses, and regions for the container tracking market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the container tracking market.
Analyse de l'intensité concurrentielle de l'industrie basée sur le modèle des cinq forces de Porter.
FAQ
Q1. What is the container tracking market size?
Answer: The global container tracking market is expected to reach an estimated $20.4 billion by 2030.
Q2. What is the growth forecast for container tracking market?
Answer: The global container tracking market is expected to grow with a CAGR of 7.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the container tracking market?
Answer: The major drivers for this market are growing adoption of digitalization in the logistics industry, increase of e-commerce sector, and ongoing development of low-cost sensors and IoT devices.
Q4. What are the major segments for container tracking market?
Answer: The future of the container tracking market looks promising with opportunities in the food & beverage, consumer good, vehicle transport, healthcare, and industrial product markets.
Q5. Who are the key container tracking market companies?
Answer: Some of the key container tracking companies are as follows:
• CMA CGM
• COSCO
• GoComet
• Hanjin Logistics
• Hapag-Lloyd
• INTTRA
• Maersk
• Orient Overseas Container Line
• Project44
• SeaRates
Q6. Which container tracking market segment will be the largest in future?
Answer: Lucintel forecasts that software is expected to witness the highest growth over the forecast period.
Q7. In container tracking market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the container tracking market by offering (hardware, software, and services), technology type (RFID, GPS, cellular, and satellite), mode of transportation (maritime, land, and air), end-use (food & beverages, consumer goods, vehicle transport, healthcare, industrial products, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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