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Global Cold Chain Tracking and Monitoring Market 2021-2025: Installed Base of Active Remote Tracking Systems for Cargo Loading Units is Forecast to Grow at a CAGR of 20%DUBLIN, May 27, 2021 /PRNewswire/ -- The "The Cold Chain Tracking and Monitoring Market" report has been added to ResearchAndMarkets.com's offering. The total market value for cold chain tracking solutions reached € 465 million in 2020. Growing at a CAGR of 14.1 percent, the total market size is forecasted to reach € 900 million in 2025. This study investigates the market for tracking and monitoring of refrigerated containers, trailers, swap bodies, rail freight wagons, air freight unit load devices, cargo boxes and pallets. The installed base of active remote tracking systems for these cargo loading units is forecasted to grow at a CAGR of 20.0 percent from 2.5 million units at the end of 2020 to 6.2 million units by 2025. Perishable foods, vaccines and pharmaceuticals, chemicals and electronics can benefit greatly from these solutions as they are typically sensitive to exposure of temperature variations during transportation. Get up to date with the latest information about vendors, products and markets. Refrigerated intermodal container tracking is today the largest segment, followed by tracking devices for general refrigerated cargo applications and refrigerated trailer tracking. The refrigerated rail freight wagon and air cargo container tracking segments are considerably smaller. The cold chain tracking and monitoring market is served by a wide range of players. Maersk Line has rolled out a system for real-time tracking of its entire fleet of 370,000 refrigerated containers, making it the largest refrigerated cargo container tracking project worldwide. ORBCOMM is the second largest player in terms of the number of connected units with an estimated 344,000 units installed on both refrigerated trailers and reefer containers. Additional major players in the refrigerated container tracking segment include Envotech, Globe Tracker and Emerson. Leading refrigerated trailer tracking players moreover include Spireon, Thermo King, Cooltrax, Schmitz Cargobull and Idem Telematics. Sensitech (part of Carrier), Controlant and Tive are leading players in the general refrigerated cargo tracking segment. These companies' solutions are based on trackers that are placed together with the cargo during transportation and can be used for various modes of transport. There are furthermore several cold chain loistics service providers that offer cargo location and condition tracking as a service for their customers. Examples of companies in this group are DB Schenker, DHL, FedEx and UPS. Cold chain tracking solutions provide significant value for shippers and logistics service providers by providing real-time data on cargo location and condition. These solutions have become extra valuable in the past year when the COVID-19 pandemic has caused disruptions in global supply chains. Now more than ever, it is vital for shippers to know the exact location and condition of their cold chain products in transit. Vaccines, pharmaceuticals and perishables are high-value goods that can easily be spoiled if correct actions are not taken when a disruption in the cold chain occurs. A single shipment of this type of cargo can be worth millions of euros. The cold chain tracking solution market is now set for substantial growth in the coming years. Highlights from this report:
Key Topics Covered: Executive summary
4.2 Refrigerated cargo tracking solution providers
4.3 Refrigerated trailer and cargo container OEMs
4.4 Cold chain logistics service providers
For more information about this report visit https://www.researchandmarkets.com/r/49u1y0 Media Contact: Research and Markets SOURCE Research and Markets |