Global Smart Container Market Overview:
Smart containers are containers that are fit internet-connected devices and interconnected sensors that collect, collate, and transmit container data. These sensors and devices act like traditional data loggers but can show all the information (near) real-time anywhere across the globe. The collecting real-time data and bringing everything under one system, shipping companies and related stockholders get access to handle the necessary information about the container and can optimize supply chain operations from anywhere which are boosting the growth of the market. Smart containers are brought together an array of technologies such as the Internet of things (IoT), big data, blockchain, and data pipelines. Smart containers improve the autonomy of the devices and streamline the operational and maintenance processes.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Rise in Popularity of Application Container Technology over the Virtual Machines
- Rising of Online Shopping
- Increasing Adoption for Enhancing Operational Efficiency and Safety in Container Shipping Industry
Roadblocks
- High Cost of Smart Containers
- Concerns Regarding Security and Privacy
Opportunities
- Increasing Key Players Investment in Container Management Technologies
- High Demand from Food & Beverage Industry
Challenges
- Interoperability Issues Due to Lack of Uniform Communication Standards
Competitive Landscape:
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Some of the key players profiled in the report are Orbcomm (United States), Smart Containers Group AG (Switzerland), Traxens (France), Globe Tracker (Denmark), Nexiot AG (Switzerland), Phillips Connect Technologies (United States), SeaLand (Denmark), Robert Bosch Manufacturing Solutions (Germany), Ambrosus (Switzerland) and ZillionSource Technologies Co., Ltd. (China). Additionally, following companies can also be profiled that are part of our coverage like Maersk (Denmark) and Hapag-Lloyd AG (Germany). Analyst at AMA Research see Global Manufacturers to retain maximum share of Global Smart Container market by 2027. Considering Market by Technology, the sub-segment i.e. GPS (Global Positioning System) will boost the Smart Container market.
Latest Market Insights:
In May 2019, Navis announced its strategic cooperation with Loginno, With Loginno, Navis takes a step towards helping customers achieve container visibility through the availability of smart container technology at the terminal, on the vessel journey and to inland logistics., and In Oct 2018, MSC Mediterranean Shipping Company, a global leader in container shipping and logistics, is increasingly introducing smart container solutions for customers at many locations around the world, using IoT solutions developed by its partner TRAXENS.
What Can be Explored with the Smart Container Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Smart Container Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Smart Container
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Smart Container market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Smart Container market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Smart Container Manufacturer, Smart Container Suppliers/Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.