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Trailer & Cargo Container Tracking Market Size - By Technology (GPS Tracking, RFID Tracking, Cellular Tracking, Satellite Tracking), By Transportation (Road, Rail, Air, Maritime), By End-Use, Application & Forecast, 2024 - 2032

  • Report ID: GMI10700
  • Published Date: Aug 2024
  • Report Format: PDF

Trailer & Cargo Container Tracking Market Size

Trailer & Cargo Container Tracking Market size was valued at USD 2.04 billion and is estimated to register a CAGR of over 15% between 2024 and 2032. The surge in global trade, coupled with the rising demand for real-time visibility in supply chains, is driving the growth of the market. Advancements in tracking technologies and increasing concerns over cargo security and operational efficiency are significant factors contributing to market growth.
 

Trailer & Cargo Container Tracking Market

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Additionally, the market is being propelled by the need for efficient and transparent tracking solutions that can enhance supply chain management and reduce operational disruptions. In May 2023, Nexxiot, a provider of container tracking systems, entered into a strategic partnership with project44, a supply chain visibility platform operator. This collaboration aims to enhance the capabilities of project44’s Movement platform by integrating Nexxiot’s advanced real-time asset-level tracking technology.
 

Moreover, the rapid expansion of e-commerce and retail sectors is a significant growth driver for the trailer and cargo container tracking market. With the surge in online shopping, there is an increased need for efficient logistics and supply chain management to handle the high volume of goods being transported.
 

Tracking solutions provide real-time visibility into the location and status of trailers and containers, ensuring timely deliveries and minimizing the risk of lost or stolen shipments. Retailers can optimize their inventory management, reduce operational costs, and improve customer satisfaction by offering accurate delivery updates. As consumer demand for faster and more reliable shipping grows, the adoption of advanced tracking technologies in the e-commerce and retail industries are expected to rise over forecasted period.
 

In remote or underdeveloped regions, inadequate infrastructure such as poor network coverage and limited access to reliable power can hinder the effectiveness of trailer and cargo container tracking systems. This lack of robust infrastructure impedes real-time data transmission and tracking capabilities, resulting in decreased visibility and operational inefficiencies, which can limit market growth in these areas.
 

Trailer & Cargo Container Tracking Market Trends

The increasing volume of goods transported across international waters highlights a growing need for real-time visibility and efficient shipment management. Tracking solutions have become essential in this context, addressing the complexities of increased maritime movements by delivering accurate location data, boosting operational efficiency, and enhancing overall supply chain transparency.
 

As global trade expands, the role of advanced tracking technologies in managing and optimizing these large-scale logistics operations becomes increasingly critical. According to the UNCTAD, maritime trade is expected to grow by 2.4% in 2023 and maintain a growth rate exceeding 2% annually between 2024 and 2028. The projected growth in maritime trade is expected to drive the market demand for trailer and cargo container tracking.
 

Innovations in GPS, RFID, and IoT technologies are transforming trailer and cargo container tracking. These advancements enable more accurate and real-time monitoring of shipments, improving supply chain visibility and efficiency. Further, companies are increasingly adopting these technologies to enhance operational control and reduce losses.
 

Trailer & Cargo Container Tracking Market Analysis

Trailer & Cargo Container Tracking Market, By Technology, 2022-2032, (USD Billion)
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Based on technology, the market is categorized GPS tracking, RFID tracking, cellular tracking, and satellite tracking. The GPS tracking segment accounted for a market share of around 35% in 2023. The rise in demand for GPS tracking in the trailer and cargo container tracking market is driven by the need for precise, real-time visibility across global supply chains.
 

GPS technology enhances operational efficiency by providing accurate location data, facilitating proactive management of shipments, and minimizing delays. Additionally, the ability to monitor and analyze cargo movements helps companies optimize routes, reduce costs, and improve overall supply chain transparency, making GPS tracking a critical component in modern logistics operations.
 

Trailer & Cargo Container Tracking Market Share, By End-Use, 2023
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Based on end-use, the trailer and cargo container tracking market is divided into logistics and transportation, retail & e-commerce, manufacturing, oil & gas, food & beverages, pharmaceuticals. In 2023, logistics and transportation segment accounted for a market share of around 35%. The expansion of logistics and transportation networks fuels the demand for advanced trailer and cargo container tracking solutions.
 

As supply chains become increasingly complex and global trade volumes rise, efficient tracking systems are essential for managing and optimizing cargo movements. These solutions enhance real-time visibility, streamline operations, and improve route planning. By providing critical data on cargo location and status, tracking technologies help logistics companies reduce delays, lower costs, and enhance overall supply chain efficiency, thus driving the market growth.
 

North America Trailer & Cargo Container Tracking Market, 2022-2032 (USD Million)
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North America dominated the global trailer and cargo container tracking market with a major share of over 35% in 2023. The rise of e-commerce and the need for rapid, reliable deliveries drive the demand for advanced trailer and cargo container tracking solutions in the region.
 

Additionally, the vast logistics network in countries such as the U.S. and increasing focus on improving supply chain efficiency require robust tracking technologies to manage the high volume of goods and ensure timely deliveries. Enhanced visibility and real-time data enable companies to optimize routes, reduce operational costs, and meet customer expectations, fueling market growth for tracking solutions.
 

Moreover, stringent regulations and sustainability goals are driving the adoption of advanced trailer and cargo container tracking solutions in Europe. The emphasis on reducing carbon footprints and enhancing supply chain transparency requires accurate tracking technologies to ensure compliance and optimize routes. Additionally, Europe's complex logistics networks and cross-border trade demands efficient tracking to manage shipments effectively. As companies seek to meet regulatory standards and improve operational efficiency, the demand for tracking solutions in Europe continues to grow among industries.
 

Trailer and Cargo Container Tracking Market Share

Orbcomm and CalAmp are the major market players operating in the global trailer and cargo container tracking industry accounting for over 10% of market share in 2023. Orbcomm maintains a competitive edge in the trailer and cargo container tracking industry by leveraging its robust satellite and cellular IoT solutions. The company focuses on providing comprehensive tracking and monitoring services through its global network of low-Earth orbit satellites, enhancing real-time visibility and data accuracy. Orbcomm further invests in advanced analytics and integrations, enabling clients to optimize their supply chain operations and improve efficiency.
 

CalAmp stays competitive in the trailer and cargo container tracking market through its innovative IoT solutions and scalable tracking technologies. The company emphasizes its cloud-based platform for real-time data access and analytics, which allows clients to track cargo efficiently and manage logistics operations. Further, CalAmp enhances its market position by offering customized solutions and partnerships to address specific industry needs, driving innovation and maintaining strong customer engagement.
 

Trailer and Cargo Container Tracking Market Companies

Major players operating in the trailer and cargo container tracking industry are:

  • AT&T Fleet Complete
  • CalAmp
  • Geotab
  • Numerex
  • Orbcomm
  • Samsara
  • Sensitech
  • SkyBitz
  • Spireon
  • Trimble
     

Trailer and Cargo Container Tracking Industry News

  • In June 2024, DPL Telematics, a provider of advanced asset monitoring and telemetry technologies, announced the release of the AssetView Stealth Tracking System. This advanced solution enables wireless monitoring and remote tracking of both powered and unpowered assets to enhance logistics, manage inventory, and prevent theft. The compact, portable GPS unit is entirely self-contained, can be concealed on any asset, and can be installed in seconds.
     
  • In April 2024, Hapag-Lloyd introduced "Live Position," its first tracking product for dry containers. This new tool offers customers full transparency regarding the location of their shipments from the beginning of transportation to their arrival at the destination. "Live Position" features a user-friendly interface and an easy-to-use search function by container, booking number, or in batches. Customers can quickly view their shipment's current location and make real-time adjustments as needed.
     

The trailer and cargo container tracking market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue ($Mn) from 2021 to 2032 for the following segments:

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Market, By Technology

  • GPS tracking
  • RFID tracking
  • Cellular tracking
  • Satellite tracking

Market, By Application

  • Asset management
  • Fleet management
  • Security & surveillance
  • Supply chain optimization

Market, By End-Use

  • Logistics and Transportation
  • Retail & E-commerce
  • Manufacturing
  • Oil & Gas
  • Food & Beverages
  • Pharmaceuticals

Tracking, By Transportation

  • Road
  • Rail
  • Air
  • Maritime

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Netherlands
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ANZ
    • Southeast Asia
    • Rest of Asia Pacific 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America 
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA

 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of trailer & cargo container tracking reached USD 2.04 billion in 2023 and is set to register over 15% CAGR between 2024 and 2032, due to the surge in global trade and the rising demand for real-time visibility in supply chains.
The GPS segment in the trailer & cargo container tracking industry held 35% revenue share in 2023, driven by the need for precise, real-time visibility across global supply chains.
North America market held 35% revenue share in 2023, led by the rise of e-commerce and the need for rapid and reliable deliveries.
AT&T Fleet Complete, CalAmp, Geotab, Numerex, Orbcomm, Samsara, Sensitech, SkyBitz, Spireon, and Trimble.

Trailer & Cargo Container Tracking Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 340
  • Countries covered: 24
  • Pages: 220
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