Global Connected Logistics Market to Reach $144.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Connected Logistics estimated at US$23.2 Billion in the year 2020, is projected to reach a revised size of US$144.6 Billion by 2027, growing at a CAGR of 29.9% over the analysis period 2020-2027. Roadway, one of the segments analyzed in the report, is projected to record a 29.6% CAGR and reach US$67.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Railway segment is readjusted to a revised 31.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7 Billion, While China is Forecast to Grow at 29.1% CAGR
The Connected Logistics market in the U.S. is estimated at US$7 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$24.8 Billion by the year 2027 trailing a CAGR of 29.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 26.8% and 25.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 21% CAGR.
Airway Segment to Record 34.2% CAGR
In the global Airway segment, USA, Canada, Japan, China and Europe will drive the 34.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.8 Billion in the year 2020 will reach a projected size of US$14.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$17.3 Billion by the year 2027.
Select Competitors (Total 38 Featured):
Amid the COVID-19 crisis, the global market for Connected Logistics estimated at US$23.2 Billion in the year 2020, is projected to reach a revised size of US$144.6 Billion by 2027, growing at a CAGR of 29.9% over the analysis period 2020-2027. Roadway, one of the segments analyzed in the report, is projected to record a 29.6% CAGR and reach US$67.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Railway segment is readjusted to a revised 31.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7 Billion, While China is Forecast to Grow at 29.1% CAGR
The Connected Logistics market in the U.S. is estimated at US$7 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$24.8 Billion by the year 2027 trailing a CAGR of 29.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 26.8% and 25.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 21% CAGR.
Airway Segment to Record 34.2% CAGR
In the global Airway segment, USA, Canada, Japan, China and Europe will drive the 34.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.8 Billion in the year 2020 will reach a projected size of US$14.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$17.3 Billion by the year 2027.
Select Competitors (Total 38 Featured):
- AT&T, Inc.
- Cisco Systems, Inc.
- Cloud Logistics Inc.
- Eurotech SpA
- Freightgate Inc.
- HCL Technologies Ltd.
- IBM Corporation
- Infosys Ltd.
- Intel Corporation
- ORBCOMM, Inc.
- SAP SE
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- Overview of the Logistics Sector
- Supply Chain Management Vs Logistics
- Connected Logistics: Smart Solution for Stronger Supply Chain
- Connected Logistics: Industry Overview
- Adoption Increases with Growing Mobile Phone Penetration
- E-Commerce Driving Growth in the Market
- Market Drivers and Restraints
- Applications Areas Driving Growth in Connected Logistics Market
- Warehouse IoT
- Asset Management
- Network Management
- Data Management
- Competitor Landscape
- Select Innovative Freight-Tech Companies
- Impact of Covid-19 and a Looming Global Recession
- Real Time Logistics Helping Pilot the Material Flow
- Technological Advancements Transforming Logistics Industry
- Select Key Trends in Logistics Technology
- Internet of Things (IoT) Technology
- Artificial Intelligence (AI)
- Blockchain
- Big Data Logistics and Automation
- System Integrations
- Mobile Apps
- Self-Driving Transportation
- Dynamic Switching of Transport Modes in Real Time Events
- Disruptive Technologies Impacting Growth and Future Prospects
- Companies Spending Billions in Disruptive Logistics
- Digital Capabilities Threatening Traditional Players with Irrelevance
- Technologies Helping Shapeup Supply Chain Activities
- Smart Technology Revolutionizing Logistics Sector
- IoT and Big Data Analytics Transforming Logistics Management
- The Benefits and Limitations of Blockchain in Logistics
- Connected Freight Trains Efficiently Transforming Freight Transport
- Smart Container for Maintaining Quality of Goods
- Sustainable solutions to logistics management, focuses on streamlining individual operations and increasing the overall efficiency of transportation.
- Sustainable Logistics Management: Enhancing Transportation Efficiency and Streamlining Operations
- Freight Management Solutions for Connected Logistics: Enabling Operational Efficiency and Cost-Effective Monitoring of Shipments
- Warehouse Management for Connected Logistics: Enhances Customer Experience and Improved Inventory Traceability
- Table 1: World Current & Future Analysis for Connected Logistics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 2: World 7-Year Perspective for Connected Logistics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
- Table 3: World Current & Future Analysis for Roadway by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 4: World 7-Year Perspective for Roadway by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 5: World Current & Future Analysis for Railway by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 6: World 7-Year Perspective for Railway by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 7: World Current & Future Analysis for Airway by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 8: World 7-Year Perspective for Airway by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 9: World Current & Future Analysis for Seaway by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 10: World 7-Year Perspective for Seaway by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 11: USA Current & Future Analysis for Connected Logistics by Transportation Mode - Roadway, Railway, Airway and Seaway - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 12: USA 7-Year Perspective for Connected Logistics by Transportation Mode - Percentage Breakdown of Value Sales for Roadway, Railway, Airway and Seaway for the Years 2020 & 2027
- Table 13: Canada Current & Future Analysis for Connected Logistics by Transportation Mode - Roadway, Railway, Airway and Seaway - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 14: Canada 7-Year Perspective for Connected Logistics by Transportation Mode - Percentage Breakdown of Value Sales for Roadway, Railway, Airway and Seaway for the Years 2020 & 2027
- Table 15: Japan Current & Future Analysis for Connected Logistics by Transportation Mode - Roadway, Railway, Airway and Seaway - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 16: Japan 7-Year Perspective for Connected Logistics by Transportation Mode - Percentage Breakdown of Value Sales for Roadway, Railway, Airway and Seaway for the Years 2020 & 2027
- Table 17: China Current & Future Analysis for Connected Logistics by Transportation Mode - Roadway, Railway, Airway and Seaway - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 18: China 7-Year Perspective for Connected Logistics by Transportation Mode - Percentage Breakdown of Value Sales for Roadway, Railway, Airway and Seaway for the Years 2020 & 2027
- Table 19: Europe Current & Future Analysis for Connected Logistics by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 20: Europe 7-Year Perspective for Connected Logistics by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
- Table 21: Europe Current & Future Analysis for Connected Logistics by Transportation Mode - Roadway, Railway, Airway and Seaway - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 22: Europe 7-Year Perspective for Connected Logistics by Transportation Mode - Percentage Breakdown of Value Sales for Roadway, Railway, Airway and Seaway for the Years 2020 & 2027
- Table 23: France Current & Future Analysis for Connected Logistics by Transportation Mode - Roadway, Railway, Airway and Seaway - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 24: France 7-Year Perspective for Connected Logistics by Transportation Mode - Percentage Breakdown of Value Sales for Roadway, Railway, Airway and Seaway for the Years 2020 & 2027
- Table 25: Germany Current & Future Analysis for Connected Logistics by Transportation Mode - Roadway, Railway, Airway and Seaway - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 26: Germany 7-Year Perspective for Connected Logistics by Transportation Mode - Percentage Breakdown of Value Sales for Roadway, Railway, Airway and Seaway for the Years 2020 & 2027
- Table 27: Italy Current & Future Analysis for Connected Logistics by Transportation Mode - Roadway, Railway, Airway and Seaway - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 28: Italy 7-Year Perspective for Connected Logistics by Transportation Mode - Percentage Breakdown of Value Sales for Roadway, Railway, Airway and Seaway for the Years 2020 & 2027
- Table 29: UK Current & Future Analysis for Connected Logistics by Transportation Mode - Roadway, Railway, Airway and Seaway - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 30: UK 7-Year Perspective for Connected Logistics by Transportation Mode - Percentage Breakdown of Value Sales for Roadway, Railway, Airway and Seaway for the Years 2020 & 2027
- Table 31: Rest of Europe Current & Future Analysis for Connected Logistics by Transportation Mode - Roadway, Railway, Airway and Seaway - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 32: Rest of Europe 7-Year Perspective for Connected Logistics by Transportation Mode - Percentage Breakdown of Value Sales for Roadway, Railway, Airway and Seaway for the Years 2020 & 2027
- Table 33: Asia-Pacific Current & Future Analysis for Connected Logistics by Transportation Mode - Roadway, Railway, Airway and Seaway - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 34: Asia-Pacific 7-Year Perspective for Connected Logistics by Transportation Mode - Percentage Breakdown of Value Sales for Roadway, Railway, Airway and Seaway for the Years 2020 & 2027
- Table 35: Rest of World Current & Future Analysis for Connected Logistics by Transportation Mode - Roadway, Railway, Airway and Seaway - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 36: Rest of World 7-Year Perspective for Connected Logistics by Transportation Mode - Percentage Breakdown of Value Sales for Roadway, Railway, Airway and Seaway for the Years 2020 & 2027
- Total Companies Profiled: 38
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