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

Cold Chain Telematics Market Trends

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

Cold Chain Telematics Market Trends

A growing trend in the cold chain telematics industry is the increasing number of mergers and acquisitions among key players. Companies are acquiring specialized firms to expand their technological capabilities, such as real-time monitoring and data analytics, and to enhance their product portfolios. These acquisitions allow businesses to tap into new markets, diversify their offerings, and meet rising demand in sectors like pharmaceuticals and food logistics. The consolidation also fosters innovation, as companies combine expertise to create more advanced, integrated cold chain solutions. This trend is driven by the need for end-to-end visibility and efficiency in cold chain management.
 

For instance, in August 2024, Sensitech, part of Carrier Global Corporation, has acquired the Monitoring Solutions business of Berlinger & Co. AG to expand its cold chain solutions. Berlinger specializes in temperature-sensitive monitoring for the pharmaceutical, life sciences, clinical trials, and global health sectors. This acquisition enhances Sensitech’s cold chain portfolio with Berlinger's innovative real-time monitoring and software analytics. It also expands Sensitech's market reach into stationary monitoring and global health segments. The integration will create more connected, automated, and intelligent cold chain solutions. Berlinger’s team of 85 employees operates in Switzerland, the Netherlands, and the U.S.
 

One major challenge in the cold chain telematics market is the high initial cost of implementing advanced telematics solutions. Many companies, especially smaller businesses, are struggling to invest in the necessary hardware, software, and infrastructure required for effective cold chain monitoring. Additionally, ongoing maintenance and operational costs is adding to the financial burden. This can deter potential adopters and limit the market's overall growth. As a result, finding cost-effective solutions that deliver value is crucial for wider adoption of cold chain telematics technologies.
 

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.

Cold Chain Telematics Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 170
  • Countries covered: 21
  • Pages: 160
 Download Free Sample