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
III. MARKET ANALYSIS
IV. COMPETITION
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