Home > Automotive > Automotive Logistics > Logistics Technology > Cold Chain Telematics Market

Cold Chain Telematics Market Share

Report ID: GMI11957
Published Date: Oct 2024
Report Format: PDF

Download Free Sample

Cold Chain Telematics Market Share

Cold Chain Telematics Market Company Market Share 2023

Sensitech Inc., Geotab Inc., Samsara Inc. collectively held a substantial market share of over 15% in the cold chain telematics industry in 2023. They are playing a pivotal role in the market by providing innovative solutions that enhance the monitoring and management of temperature-sensitive goods. These companies leverage advanced technologies, such as IoT and real-time data analytics, to ensure the integrity of the cold chain, allowing businesses to track and manage their products throughout the entire supply chain. Their telematics solutions enable companies to monitor critical parameters like temperature, humidity, and location, minimizing the risk of spoilage and ensuring compliance with regulatory standards.

Additionally, these industry leaders are focused on developing user-friendly platforms that facilitate seamless integration with existing logistics operations, improving overall efficiency. By continuously advancing their technology offerings, they help businesses optimize their cold chain processes, reduce waste, and enhance customer satisfaction. As the demand for reliable cold chain solutions grows, Sensitech, Geotab, and Samsara are at the forefront of driving innovation and setting industry standards in the market.

Cold Chain Telematics Market Companies

Major players operating in the cold chain telematics industry are:

Ametek
Geotab
ORBCOMM
Samsara
Sensitech
Spireon
Teletrac Navman
Thermo King (Trane)
Trimble
Verizon

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of cold chain telematics reached USD 1.8 billion in 2023 and is set to grow at a 13.03% CAGR from 2024 to 2032, driven by the increasing demand for real-time monitoring and visibility of perishable goods during transportation.

The hardware segment accounted for over 80% of the market share in 2023 and is expected to exceed USD 4 billion by 2032, due to its essential role in ensuring effective monitoring and control of temperature-sensitive goods.

The food & beverage segment held over 70% of the market share in 2023, driven by the critical need to maintain product quality and safety throughout the supply chain.

The U.S. market accounted for 75% of the revenue share in 2023 and is expected to exceed USD 1 billion by 2032, attributed to its advanced logistics infrastructure and strong emphasis on food safety and regulatory compliance.

Major players in the industry include Ametek, Geotab, ORBCOMM, Samsara, Sensitech, Spireon, Teletrac Navman, Thermo King (Trane), Trimble, and Verizon.