Trailer and Cargo Container Tracking Market Report 2022: New LPWA Networking Technologies Increasingly Used for Cargo Tracking
DUBLIN, Nov. 16, 2022 /PRNewswire/ -- The "Trailer and Cargo Container Tracking - 10th Edition" report has been added to ResearchAndMarkets.com's offering.
Trailer and cargo container tracking is a subsegment of asset tracking that aims to increase operational efficiency and security in transport chains. The publisher's definition of a real-time tracking solution is a system that, at minimum, incorporates data logging, satellite positioning, and data communications to a back office application through cellular or satellite networks. The tracking device can be designed to track the trailer, intermodal container, rail freight wagon, air freight ULD or the cargo itself.
Tracking devices for trailers and cargo containers are permanently or temporarily installed on the unit while general cargo tracking devices are typically placed with the cargo during transport. Access to real-time data on the location and status of trailers and cargo containers enables the various stakeholders in the supply chain to make better-informed decisions, increase asset utilization, save costs and reduce the environmental impact.
The number of active tracking devices deployed for cargo loading units including trailers, intermodal containers, rail freight wagons, air cargo containers, cargo boxes, and pallets reached 11.1 million worldwide in 2021. Growing at a compound annual growth rate (CAGR) of 24.4 percent, this number is expected to reach 33.1 million by 2026. In terms of installed units, trailer telematics is today the most developed market, followed by tracking devices for general cargo applications and intermodal containers. The total market value for trailer and cargo container tracking solutions reached an estimated € 1.5 billion in 2021. Growing at a CAGR of 14.1 percent, the total market size is forecasted to reach € 2.9 billion in 2026.
Highlights from the report:
Future Industry Trends
Key Topics Covered:
1. Global Freight Transport Overview
2. Trailer and Cargo Container Tracking Solutions
3. Market Forecasts and Trends
4. OEM Products and Strategies
5. Vendor Profiles and Strategies
For more information about this report visit https://www.researchandmarkets.com/r/jthg6i
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SOURCE Research and Markets
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