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Global Cold Chain Tracking and Monitoring Market Report 2022-2026 - Real-time data Loggers to Change Industry DynamicsDublin, Dec. 1, 2022 /PRNewswire/ -- The "The Cold Chain Tracking and Monitoring Market - 2nd Edition" report has been added to ResearchAndMarkets.com's offering.  The total market value for cold chain tracking solutions reached an estimated € 720 million in 2021. Growing at a CAGR of 11.4 percent, the total market size is forecasted to reach € 1.2 billion in 2026. This study investigates the market for tracking and monitoring of refrigerated containers, trailers, swap bodies, rail freight wagons, air freight unit load devices, pallets and cargo boxes. The installed base of active remote tracking systems for these cargo loading units is forecasted to grow at a CAGR of 17.4 percent from 4.1 million units at the end of 2021 to 9.2 million units by 2026. 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. The number of active tracking devices deployed for refrigerated cargo and cargo carrying units including trailers, intermodal containers, rail freight wagons, air cargo containers, cargo boxes and pallets reached 4.1 million worldwide in 2021. Growing at a compound annual growth rate (CAGR) of 17.4 percent, this number is expected to reach 9.2 million by 2026. In terms of installed base, tracking devices for general refrigerated cargo applications is today the largest market, followed by refrigerated intermodal containers and trailers. The markets for tracking solutions for refrigerated rail freight wagons and air cargo containers are considerably smaller. The cold chain tracking and monitoring market is served by a wide range of players. Maersk has rolled out a system for real-time tracking of its entire fleet of 385,000 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 380,000 units installed on both refrigerated trailers and reefer containers. The Denmark-based tracking specialist Globe Tracker is the third largest provider of tracking solutions for refrigerated cargo carrying units. The company is collaborating with the major shipping company Hapag-Lloyd to equip the ocean carrier's entire fleet of around 140,000 reefer containers with tracking units. Additional leading players in the refrigerated intermodal container and trailer tracking segment include Envotech, Cooltrax, Emerson, Spireon, Schmitz Cargobull, CalAmp and Idem Telematics. DeltaTrak, Sensitech (part of Carrier), Controlant, Tive and Frigga (part of Dewav Electronic Technology) are leading players in the refrigerated cargo tracking segment, each with more than 100,000 active trackers at any given time. Additional players in the segment include OnAsset Intelligence, Roambee, Adapt Ideations, Tempmate, Escavox, 7PSolutions and Intelyt. Expert Insight "The logistics industry is currently undergoing a major transformation", says , Senior Analyst. Accelerated by the supply chain disruptions following the COVID-19 pandemic, the industry is now investing heavily in digital solutions that will increase visibility and security in the supply chain. Cold chain tracking solutions provide significant value for shippers and logistics providers by providing real-time data on the location and condition of temperature-sensitive cargo in-transit. "The lack of up-to-date and relevant shipment data is one of the main reasons that lead to spoiled cargo" continues Mr. Backman. This can potentially lead to major losses as products transported in the cold chain are typically of high value. "2021 was a stellar year for the cold chain tracking industry and the future looks bright as the industry is now ready for investing in the technology", concludes Mr. Backman Highlights from the report:
This report answers the following questions
Key Topics Covered: Executive Summary 1 Global Freight Transport Overview 2 The Cold Chain Industry 3 Market Forecasts and Trends 4 Cold Chain Tracking Solution Providers
4.2 Refrigerated cargo tracking solution providers
4.3 Refrigerated cargo container OEMs
4.4 Cold chain logistics service providers
For more information about this report visit https://www.researchandmarkets.com/r/gpcvtf Media Contact: Laura Wood, Senior Manager Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets 
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