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Smart Containers Market Share

Report ID: GMI10684
Published Date: Aug 2024
Report Format: PDF

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Smart Containers Market Share

Maersk, MSC, and ORBCOMM hold a significant market share of 18% in 2023. Maersk and MSC are major players in the smart containers industry, leveraging their extensive shipping networks to integrate advanced tracking technologies into their fleets. Their competitive edge lies in their large-scale deployment of smart containers, enhancing supply chain visibility and operational efficiency. This positions them as leaders in offering comprehensive solutions for global logistics.

ORBCOMM stands out with its focus on IoT and sensor technologies for smart containers. By providing advanced tracking and data analytics solutions, ORBCOMM supports various industries in monitoring cargo conditions and optimizing supply chains. Its competitive advantage is driven by its specialized technology and extensive integration capabilities with shipping and logistics companies like Maersk and MSC.

Smart Containers Market Companies

Major players operating in the smart containers industry are:

ORBCOMM
Traxens
MSC
Globe Tracker
Nexxiot AG
Phillips Connect Technologies
Maersk

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of smart containers reached USD 3.8 billion in 2023 and is set to register over 12% CAGR from 2024 to 2032, owing to the increasing demand for enhanced supply chain visibility and operational efficiency worldwide.

Smart containers industry from the hardware segment held over 59% share in 2023, due to advancements in smart container hardware, focusing on miniaturization and increased durability.

North America market accounted for 35% share in 2023, attributed to rising demand for real-time cargo tracking and operational efficiency in the region.

ORBCOMM, Traxens, MSC, Globe Tracker, Nexxiot AG, Phillips Connect Technologies, and Maersk, are some of the major smart containers companies worldwide.