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Smart Shipping Container Market to Cross USD 15,341.5 Million Revenue by 2030: P&S Intelligence
Several metrics, including humidity, temperature, location of the package, and door status, can be monitored via the sensors incorporated into them. Further, the package can be examined remotely via a computer, smartphone, or tablet.
Hence, such intelligent shipping containers are ideal to transport perishable items, such as medical supplies (blood products, tissues and cells, and medication) and food.
The hardware category is dominating the market with an approximately 50% share, and it is also projected to experience the fastest growth. This is because a huge count of sensors are needed to keep an eye on the condition of the goods being transported inside a container on a ship, semi-trailer truck, or flat railway wagon.
GPS is the most-widely used technology as it enables customers and shippers to keep a track of the whereabouts of their goods while inside a container.
The usage of modern cellular and GPS technology for live data tracking helps control centers efficient manage their logistics and transportation operations.
Moreover, the Bluetooth Low Energy (BLE) technology's adoption is rising due to the growing usage of IoT devices, for which an efficient means of communication isa must.
Experts predict that IoT sensors will be integrated into the majority of the containers in the near future, as this technology allows for two-way communication between the container and control center.
The F&B vertical will witness the highest CAGR on account of the rising popularity of packaged food, a lot of which perishes easily. Now, people are preferring ready-to-eat food over homemade food which makes efficient solutions for marine transportation important to support international trade.
Europe is at the top in the smart shipping container market, owing to the existence of a large number of integrated hardware companies that offer IoT sensors for data capture, along with advanced software for its analysis.
Furthermore, the presence of several shipping businesses in the region fuels the demand for smart containers. The biggest global shipping business based in the region are Maersk, Hapag-Lloyd, CMA CGM, Mediterranean Shipping Company, Navios, and Euronav.
In the European market, Germany will have a CAGR of 18%, because of the fast acceptance of AI, ML learning, and IoT for enhancing the logistics & transportation industry's operations and future prospects.
P&S Intelligence offers custom and syndicated market research and consulting services to clients across the globe. Our team of young and dynamic researchers, guided by mentors with years of experience, create data-rich reports tailored to the needs of MNCs as well as startups and SMEs. We remain in a perennial quest to offer exhaustive insights into every aspect of the market, allowing businesses of all sizes to seize even the smallest of opportunities and tackle even the biggest of challenges.
Chandra Mohan
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