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Smart Containers Market Trends

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

Smart Containers Market Trends

Continuous technological advancements are significantly enhancing the capabilities of smart containers. Innovations in sensor technology, IoT connectivity, and data analytics are driving improvements in real-time monitoring, condition reporting, and predictive maintenance. These advancements ensure more precise tracking, greater efficiency, and enhanced reliability, supporting better supply chain management and meeting the evolving demands of global logistics.
 

For instance, in July 2024, ORBCOMM launched the next generation of its reefer container monitoring solution with the new CT 3600 devices. This solution is designed to streamline the installation, deployment, and management of reefer IoT applications for shipping lines and container leasing companies. Its durable internal rechargeable battery and support for wireless Bluetooth sensors represent significant upgrades in sensor technology and connectivity, aligning with the ongoing push for more precise and efficient real-time monitoring solutions in global logistics.
 

Moreover, the integration of advanced battery technologies and energy-efficient components is extending the operational lifespan of smart containers. These improvements reduce the frequency of maintenance and battery replacements, ensuring continuous and reliable performance for monitoring systems. Enhanced power management supports longer-term data collection and seamless operation, contributing to more effective and efficient cargo tracking solutions.
 

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.

Smart Containers Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 300
  • Countries covered: 25
  • Pages: 250
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