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Cold Chain Monitoring Market by Component (Hardware (Sensors and Data Loggers) and Software), Application (Pharmaceuticals & Healthcare, Food & Beverages, and Chemicals), Logistics (Storage and Transportation), and Region - Global Forecast to 2023

  • ID: 4613128
  • Report
  • Region: Global
  • 163 Pages
  • Markets and Markets
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Cold Chain Monitoring Market Projected to Grow at a CAGR of 11.17% During Forecast Period.

FEATURED COMPANIES

  • Astrona Biotechnologies
  • Daikin Industries
  • Infratab
  • Monnit
  • Safetraces
  • Sensitech
  • MORE

Cold chain monitoring market projected to grow at a CAGR of 11.17% during forecast period

The cold chain monitoring market is expected to grow from USD 3.80 billion in 2018 to USD 6.46 billion by 2023, at a CAGR of 11.17% between 2018 and 2023. Growing governmental focus on issuing policies impacting the supply chain efficiency of fast-growing pharmaceuticals sector in Europe and North America, increasing demand for temperature-sensitive drugs, rising demand for better food and need to reduce food wastage, and growing demand for generic drugs owing to higher accessibility are the major factors driving the cold chain monitoring market growth. The growth of the cold chain monitoring market is hindered due to the high cost of its implementation.

Software component to grow at higher CAGR between 2018 and 2023

The market for the software segment is expected to grow at a higher CAGR between 2018 and 2023. The software helps to improve the efficiency of complex cold chain management that needs fast execution, high precision, and appropriate temperature control upon every transaction, that is, reception, storage, release, transportation, and distribution of goods. The growth of the software segment is attributed to the value added by analytical and predictive tools, which help provide real-time information on the cold chain.

Cold chain monitoring market for transportation to grow at higher CAGR between 2018 and 2023

The high growth of the transportation segment is driven by the growing distribution network of the cold chain. Nowadays, cold chains have become vital for modern supply chain solutions, transporting larger volumes of more sensitive or vital cargo over greater distances through diverse climatic conditions. Being prone to environmental variations, cargo needs to be maintained at a specific temperature or within an acceptable temperature range, which is also driving the growth of the market for the transportation segment.

Cold chain monitoring market in APAC to grow at highest CAGR between 2018 and 2023

The highest growth of the market in APAC can be attributed to the pharmaceuticals industry, which is growing in the region with the increasing number of people being brought under the healthcare umbrella through the governmental efforts in various countries. Due to the economic boom within the emerging countries in APAC, vaccines and biologics have become more accessible for the local markets. Also, consumers are looking for fast food and convenient food items, which has fueled the growth of supermarkets and quick-service restaurants. This has led to the growth in the sales of consumer-ready frozen foods, such as ice-creams and frozen desserts, frozen fruits and vegetables, seafood, and meat. The Americas held the largest market for cold chain monitoring in 2017.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key experts. The breakup of the profiles of primary participants is as follows:

  • By Company Type: Tier 1—25 %, Tier 2—45%, and Tier 3—30%
  • By Designation: C-Level Executives—45%, Directors—35%, and Others—20%
  • By Region: Americas—35%, Europe—30%, APAC—25%, and RoW—10%

Research Coverage

This report covers the cold chain monitoring market based on component, application, logistics, and region. A detailed analysis of the key industry players has been done to provide insights into their business, products and services, and key strategies, such as product launches and developments, related to the cold chain monitoring market.

Key Benefits of Buying This Report

  • This report segments the overall market comprehensively and provides the closest approximations of the global cold chain monitoring market size and that of the subsegments across verticals and regions.
  • The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities pertaining to the cold chain monitoring market.
  • This report would help stakeholders better understand their competitors and gain more insights to enhance their position in the market. The competitive landscape section includes competitor ecosystem, and product developments in the cold chain monitoring market.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Astrona Biotechnologies
  • Daikin Industries
  • Infratab
  • Monnit
  • Safetraces
  • Sensitech
  • MORE

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in Cold Chain Monitoring Market
4.2 Cold Chain Monitoring Market, By Application and Region
4.3 Cold Chain Monitoring Market, By Component
4.4 Cold Chain Monitoring Market, By Application
4.5 Cold Chain Monitoring Market, By Logistics
4.6 Cold Chain Monitoring Market, By Geography

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
       5.2.1 Drivers
                5.2.1.1 Growing Governmental Focus on Issuing Policies Impacting Supply Chain Efficiency of Fast-Growing Pharmaceuticals Sector in Europe and North America
                5.2.1.2 Increasing Demand for Temperature-Sensitive Drugs
                5.2.1.3 Rising Demand for Better Food Quality and Need to Reduce Food Wastage
                5.2.1.4 Growing Demand for Generic Drugs Owing to Higher Accessibility
       5.2.2 Restraints
                5.2.2.1 High Cost of Implementation
       5.2.3 Opportunities
                5.2.3.1 Better Control of Assets in the Warehouse Using Automation and Cold Storage Technologies
                5.2.3.2 Cold Chain Logistics in Developing Countries
       5.2.4 Challenges
                5.2.4.1 Complexity Involved in Installation and Monitoring of Cold Chain Monitoring Solutions

6 Industry Trends

6.1 Introduction
6.2 Value Chain Analysis
       6.2.1 Research and Product Development
       6.2.2 Component Manufacturers and System Integrators
       6.2.3 Distributors
       6.2.4 End Users
       6.2.5 Post-Sales Services
6.3 Key Industry Trends
       6.3.1 Digital Transformation in Cold Chain Monitoring
       6.3.2 Advanced Analytics and Data Aggregation Technologies
       6.3.3 Growth in Cold Chain Logistics Outsourcing

7 Cold Chain Monitoring Market, By Component

7.1 Introduction
7.2 Hardware
       7.2.1 Sensors and Data Loggers
       7.2.2 RFID Devices
       7.2.3 Telematics and Telemetry Devices
       7.2.4 Networking Devices
7.3 Software
       7.3.1 on Premises
       7.3.2 Cloud Based

8 Cold Chain Monitoring Market, By Application

8.1 Introduction
8.2 Pharmaceuticals and Healthcare
       8.2.1 Vaccines
       8.2.2 Biobanks
       8.2.3 Medicines and Drugs
8.3 Food & Beverages
       8.3.1 Fruits & Vegetables
       8.3.2 Meat and Seafood
       8.3.3 Poultry and Dairy Products
       8.3.4 Processed Food
8.4 Chemicals

9 Cold Chaiin Monitoring Market, By Logistics

9.1 Introduction
9.2 Storage
       9.2.1 Warehouses
       9.2.2 Cold Containers
9.3 Transportation
       9.3.1 Airways
       9.3.2 Waterways
       9.3.3 Roadways
       9.3.4 Railways

10 Cold Chain Monitoring Market, Geographic Analysis

10.1 Introduction
10.2 Americas
        10.2.1 North America
                   10.2.1.1 US
                   10.2.1.2 Canada
                   10.2.1.3 Mexico
        10.2.2 South America
10.3 Europe
        10.3.1 Germany
        10.3.2 France
        10.3.3 UK
        10.3.4 Netherlands
        10.3.5 Rest of Europe
10.4 APAC
        10.4.1 China
        10.4.2 Japan
        10.4.3 India
        10.4.4 Rest of APAC
10.5 RoW

11 Competitive Landscape

11.1 Introduction
11.2 Ranking of Top Players in Cold Chain Monitoring Market (2017)
11.3 Competitive Situations and Trends
        11.3.1 Product Launches and Product Developments
        11.3.2 Partnerships, Contracts, Agreements, Collaborations, and Expansions
        11.3.3 Mergers & Acquisitions

12 Company Profiles

12.1 Key Players
        12.1.1 Orbcomm
        12.1.2 Sensitech
        12.1.3 Berlinger & Co.
        12.1.4 Monnit
        12.1.5 Controlant
        12.1.6 Elpro-Buchs
        12.1.7 Securerf Corporation
        12.1.8 Savi Technology
        12.1.9 Zest Labs
        12.1.10 Infratab
12.2 Other Important Players
        12.2.1 Temperature Monitor Solutions Africa
        12.2.2 Lineage Logistics Holdings
        12.2.3 Klinge Corporation
        12.2.4 Daikin Industries
        12.2.5 Interstate Warehousing
12.3 Startup Ecosystem
        12.3.1 Nimble Wireless
        12.3.2 Tagbox Solutions
        12.3.3 Verigo
        12.3.4 Freshsurety
        12.3.5 Astrona Biotechnologies
        12.3.6 Safetraces

13 Appendix

List of Tables

Table 1 Cold Chain Monitoring Market, By Component, 2015–2023 (USD Million)
Table 2 Cold Chain Monitoring Market, By Hardware Component, 2015–2023 (USD Million)
Table 3 Cold Chain Monitoring Market for Hardware Components, By Logistics, 2015–2023 (USD Million)
Table 4 Cold Chain Monitoring Market for Hardware Components, By Application, 2015–2023 (USD Million)
Table 5 Hardware Component Market for Pharmaceuticals and Healthcare Application, By Type, 2015–2023 (USD Million)
Table 6 Cold Chain Monitoring Hardware Component Market for Food & Beverages Application, By Type, 2015–2023 (USD Million)
Table 7 Cold Chain Monitoring Market for Sensors and Data Loggers, By Logistics, 2015–2023 (USD Million)
Table 8 Cold Chain Monitoring Market for Sensors and Data Loggers, By Application, 2015–2023 (USD Million)
Table 9 Sensor and Data Logger Market for Pharmaceuticals and Healthcare Application, By Type, 2015–2023 (USD Million)
Table 10 Sensor and Data Logger Market for Food & Beverages Application, By Type, 2015–2023 (USD Million)
Table 11 Cold Chain Monitoring Market for RFID Devices, By Logistics, 2015–2023 (USD Million)
Table 12 Cold Chain Monitoring Market for RFID Devices, By Application, 2015–2023 (USD Million)
Table 13 RFID Device Market for Pharmaceuticals & Healthcare Application, By Type, 2015–2023 (USD Million)
Table 14 RFID Device Market for Food & Beverages Application, By Type, 2015–2023 (USD Million)
Table 15 Cold Chain Monitoring Market for Telematics and Telemetry Devices, By Application, 2015–2023 (USD Million)
Table 16 Telematics and Telemetry Device Market for Pharmaceuticals & Healthcare Application, By Type, 2015–2023 (USD Million)
Table 17 Telematics and Telemetry Device Market for Food & Beverages Application, By Type, 2015–2023 (USD Million)
Table 18 Cold Chain Monitoring Market for Networking Devices, By Logistics, 2015–2023 (USD Million)
Table 19 Cold Chain Monitoring Market for Networking Devices, By Application, 2015–2023 (USD Million)
Table 20 Networking Device Market for Pharmaceuticals & Healthcare Application, By Type, 2015–2023 (USD Million)
Table 21 Networking Device Market for Food & Beverages Application, By Type, 2015–2023 (USD Million)
Table 22 Cold Chain Monitoring Market for Software Components, By Type, 2015–2023 (USD Million)
Table 23 Cold Chain Monitoring Market for Software Components, By Logistics, 2015–2023 (USD Million)
Table 24 Cold Chain Monitoring Market, By Application, 2015-2023 (USD Million)
Table 25 Cold Chain Monitoring Market for Pharmaceuticals and Healthcare Application, By Type, 2015–2023 (USD Million)
Table 26 Cold Chain Monitoring Market for Pharmaceuticals and Healthcare Application, By Component, 2015–2023 (USD Million)
Table 27 Cold Chain Monitoring Market for Pharmaceuticals and Healthcare Application, By Hardware Component, 2015–2023 (USD Million)
Table 28 Cold Chain Monitoring Market for Pharmaceuticals and Healthcare Application, By Region, 2015–2023 (USD Million)
Table 29 Cold Chain Monitoring Market for Vaccines Application, By Component, 2015–2023 (USD Million)
Table 30 Cold Chain Monitoring Market for Vaccines Application, By Hardware Component, 2015–2023 (USD Million)
Table 31 Cold Chain Monitoring Market for Biobanks Application, By Component, 2015–2023 (USD Million)
Table 32 Cold Chain Monitoring Market for Biobanks Application, By Hardware Component, 2015–2023 (USD Million)
Table 33 Cold Chain Monitoring Market for Medicines and Drugs Application, By Component, 2015–2023 (USD Million)
Table 34 Cold Chain Monitoring Market for Medicines and Drugs Application, By Hardware Component, 2015–2023 (USD Million)
Table 35 Cold Chain Monitoring Market for Food & Beverages Application, By Type, 2015–2023 (USD Million)
Table 36 Cold Chain Monitoring Market for Food & Beverages Application, By Component, 2015–2023 (USD Million)
Table 37 Cold Chain Monitoring Market for Food & Beverages Application, By Hardware Component, 2015–2023 (USD Million)
Table 38 Cold Chain Monitoring Market for Food & Beverages Application, By Region, 2015–2023 (USD Million)
Table 39 Cold Chain Monitoring Market for Fruits & Vegetables Application, By Component, 2015–2023 (USD Million)
Table 40 Cold Chain Monitoring Market for Fruits & Vegetables Application, By Hardware Component, 2015–2023 (USD Million)
Table 41 Cold Chain Monitoring Market for Meat & Seafood Application, By Component, 2015–2023 (USD Million)
Table 42 Cold Chain Monitoring Market for Meat & Seafood Application, By Hardware Component, 2015–2023 (USD Million)
Table 43 Cold Chain Monitoring Market for Poultry & Dairy Application, By Component, 2015–2023 (USD Million)
Table 44 Cold Chain Monitoring Market for Poultry & Dairy Application, By Hardware Component, 2015–2023 (USD Million)
Table 45 Cold Chain Monitoring Market for Processed Food Application, By Component, 2015–2023 (USD Million)
Table 46 Cold Chain Monitoring Market for Processed Food Application, By Hardware Component, 2015–2023 (USD Million)
Table 47 Cold Chain Monitoring Market for Chemicals Application, By Region, 2015–2023 (USD Million)
Table 48 Cold Chain Monitoring Market, By Logistics, 2015–2023 (USD Million)
Table 49 Cold Chain Monitoring Market for Storage, By Component, 2015–2023 (USD Million)
Table 50 Cold Chain Monitoring Market for Storage, By Hardware Component, 2015–2023 (USD Million)
Table 51 Cold Chain Monitoring Market for Transportation, By Component, 2015–2023 (USD Million)
Table 52 Cold Chain Monitoring Market for Transportation, By Hardware Component, 2015–2023 (USD Million)
Table 53 Global Cold Chain Monitoring Market, By Region, 2015–2023 (USD Million)
Table 54 Cold Chain Monitoring Market in Americas, By Region, 2015–2023 (USD Million)
Table 55 Cold Chain Monitoring Market in Americas, By Application, 2015–2023 (USD Million)
Table 56 Cold Chain Monitoring Market in North America, By Country, 2015–2023 (USD Million)
Table 57 Cold Chain Monitoring Market in Europe, By Country, 2015–2023 (USD Million)
Table 58 Cold Chain Monitoring Market in Europe, By Application, 2015–2023 (USD Million)
Table 59 Cold Chain Monitoring Market in APAC, By Country, 2015–2023 (USD Million)
Table 60 Cold Chain Monitoring Market in APAC, By Application, 2015–2023 (USD Million)
Table 61 Cold Chain Monitoring Market in RoW, By Region, 2015–2023 (USD Million)
Table 62 Cold Chain Monitoring Market in RoW, By Application, 2015–2023 (USD Million)
Table 63 Product Launches and Product Developments in Cold Chain Monitoring Market (2015–2017)
Table 64 Partnerships, Contracts, Agreements, Collaborations, and Expansions in Cold Chain Monitoring Market (2015–2017)
Table 65 Mergers & Acquisitions in Cold Chain Monitoring Market (2015–2017)

List of Figures

Figure 1 Cold Chain Monitoring Market Segmentation
Figure 2 Cold Chain Monitoring Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Hardware Segment to Hold Larger Size of Cold Chain Monitoring Market From 2018 to 2023
Figure 7 Pharmaceuticals & Healthcare Application to Hold Largest Size of Cold Chain Monitoring Market By 2023
Figure 8 Storage Segment Continue to Hold Larger Share of Cold Chain Monitoring Market, Based on Logistics, By 2023
Figure 9 Cold Chain Monitoring Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 10 Rising Demand for Better Food Quality and Increasing Need to Reduce Food Wastage to Propel Cold Chain Monitoring Market Growth From 2018 to 2023
Figure 11 Americas to Hold Largest Share of Cold Chain Monitoring Market in 2018
Figure 12 Software Segment to Grow at Higher CAGR in Cold Chain Monitoring Market During Forecast Period
Figure 13 Food & Beverages Application to Grow at Highest CAGR in Cold Chain Monitoring Market During Forecast Period
Figure 14 Transportation Segment to Exhibit Higher CAGR in Cold Chain Monitoring Market During Forecast Period
Figure 15 India Would Be Fastest-Growing Market for Cold Chain Monitoring Solutions During Forecast Period
Figure 16 Cold Chain Monitoring Market: Value Chain Analysis
Figure 17 Digital Transformation in Cold Chain Monitoring—Leading Trend Among Key Market Players
Figure 18 Cold Chain Monitoring Market for Sensors and Data Loggers, 2018 vs 2023 (Million Units)
Figure 19 Cold Chain Monitoring Market, By Component
Figure 20 Software Components to Exhibit Higher CAGR in Cold Chain Monitoring Market During 2018–2023
Figure 21 Transportation to Exhibit Higher CAGR in Cold Chain Monitoring Market for Hardware Components, By Logistics, During 2018–2023
Figure 22 Food & Beverages Application to Exhibit Highest CAGR in Cold Chain Monitoring Market for Sensors and Data Loggers During Forecast Period
Figure 23 Transportation to Record Higher CAGR in Cold Chain Monitoring Market for RFID Devices, By Logistics, During 2018–2023
Figure 24 Medicines and Drugs to Record Highest CAGR in Cold Chain Monitoring Market for Telematics and Telemetry Devices, By Pharmaceuticals and Healthcare Application, During 2018–2023
Figure 25 Food & Beverages to Record Fastest Growth in Cold Chain Monitoring Market for Networking Devices, By Application, During 2018–2023
Figure 26 Cold Chain Monitoring Market, By Application
Figure 27 Food & Beverages to Exhibit Highest CAGR in Cold Chain Monitoring Market, By Application, During 2018–2023
Figure 28 APAC to Witness Highest CAGR in Cold Chain Monitoring Market for Pharmaceuticals and Healthcare Application, By Region, During 2018–2023
Figure 29 RFID Devices to Exhibit Highest CAGR in Cold Chain Monitoring Market for Vaccines, By Component, During 2018–2023
Figure 30 Meat and Seafood to Dominate Cold Chain Monitoring Market for Food & Beverages Application During 2018–2023
Figure 31 Software Segment to Exhibit Higher CAGR in Cold Chain Monitoring Market for Fruits & Vegetables Application, By Component, During 2018–2023
Figure 32 Sensors and Data Loggers to Record Highest CAGR in Cold Chain Monitoring Market for Processed Food Application, By Hardware Component, During 2018–2023
Figure 33 APAC to Witness Highest CAGR in Cold Chain Monitoring Market for Chemicals Application, By Region, During 2018–2023
Figure 34 Cold Chain Monitoring Market, By Logistics
Figure 35 Transportation Segment to Exhibit Higher CAGR in Cold Chain Monitoring Market, By Logistics, During 2018–2023
Figure 36 Software Components to Record Higher CAGR in Cold Chain Monitoring Market for Transportation, By Component, During 2018–2023
Figure 37 Cold Chain Monitoring Market: By Geography
Figure 38 Cold Chain Monitoring Market in APAC to Grow at Highest CAGR During 2018–2023
Figure 39 Cold Chain Monitoring Market Segmentation in Americas, By Geography
Figure 40 Snapshot of Cold Chain Monitoring Market in Americas
Figure 41 Cold Chain Monitoring Market Segmentation in Europe, By Country
Figure 42 Snapshot of Cold Chain Monitoring Market in Europe
Figure 43 Cold Chain Monitoring Market Segmentation in APAC, By Country
Figure 44 Snapshot of Cold Chain Monitoring Market in APAC
Figure 45 Cold Chain Monitoring Market Segmentation in RoW, By Region
Figure 46 Snapshot of Cold Chain Monitoring Market in RoW
Figure 47 Strategies Adopted By Top Players in Cold Chain Monitoring Market
Figure 48 Market Player Ranking (2017)
Figure 49 Market Evaluation Framework: Product Launches Fueled Growth and Innovation From 2015 to 2017
Figure 50 Orbcomm: Company Snapshot

Note: Product cover images may vary from those shown
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  • Orbcomm
  • Sensitech
  • Berlinger & Co.
  • Monnit
  • Controlant
  • Elpro-Buchs
  • Securerf Corporation
  • Savi Technology
  • Zest Labs
  • Infratab
  • Temperature Monitor Solutions Africa
  • Lineage Logistics Holdings
  • Klinge Corporation
  • Daikin Industries
  • Interstate Warehousing
  • Nimble Wireless
  • Tagbox Solutions
  • Verigo
  • Freshsurety
  • Astrona Biotechnologies
  • Safetraces
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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