The Cold Chain Tracking and Monitoring Market - 3rd Edition

The Market Value for Cold Chain Tracking to Reach €1.6 Billion in 2027

This study investigates the market for tracking and monitoring refrigerated containers, trailers, swap bodies, rail freight wagons, air freight ULDs as well as pallets and cargo boxes. The installed base of active remote tracking systems for these use cases is forecasted to grow at a CAGR of 19.4 percent from 4.0 million units at the end of 2022 to 9.7 million units by 2027. Perishable foods, vaccines and pharmaceuticals, chemicals and electronics can benefit greatly from these solutions as they are typically sensitive to exposure to temperature variations during transportation. Get up to date with the latest information about vendors, products and markets.

Rapid growth on the horizon for the cold chain tracking solutions market

Shipments of remote tracking systems with cellular or satellite communications capabilities for refrigerated cargo carrying units including trailers, intermodal containers, rail freight wagons and air freight ULDs reached 725,000 units worldwide in 2022. Growing at a compound annual growth rate (CAGR) of 9.8 percent, shipments are expected to reach 1.2 million units in 2027. During the same period, the installed base of active tracking devices used for refrigerated cargo carrying units is forecasted to grow at a CAGR of 13.0 percent from 2.4 million units at the end of 2022 to 4.4 million units by 2027. The number of active tracking devices and real-time data loggers in use for general cargo applications, including insulated cargo boxes and pallet shippers, reached 1.6 million units at the end of 2022. The number of active devices is forecasted to reach 5.2 million units at the end of 2027. Yearly device shipments in this category will grow from 5.9 million units in 2022 to reach 22.5 million units in 2027.

The cold chain tracking and monitoring market is served by a wide range of players. ORBCOMM has a large installed base of connected vehicles and assets. The company is the number one player in the refrigerated trailer and container tracking segment with close to 0.5 million units installed. Maersk has rolled out a system for real-time tracking of its entire fleet of 380,000 refrigerated containers, making it the largest refrigerated container tracking project worldwide. The Denmark-based tracking specialist Globe Tracker is the third largest provider of tracking solutions for refrigerated containers. The company has equipped the major shipping company Hapag-Lloyd’s entire fleet of around 160,000 reefer containers with tracking units. Additional leading players in the refrigerated intermodal container tracking segment include Envotech, Cooltrax and Copeland (formerly Emerson Climate Technologies). Leading refrigerated trailer tracking players moreover include Spireon, Schmitz Cargobull, CalAmp and Idem Telematics. Intermodal Telematics and SAVVY Telematics Systems are leading vendors of temperature-controlled tank container tracking solutions.

“The market for real-time tracking solutions for cold chain applications continues to grow as the demand for up-to-date and relevant logistics data increases”, says Martin Backman, Principal Analyst. The data can provide benefits for several departments within an organization and be used not only to optimize logistics processes but also to improve customer service, settle claims faster and more. A single load of cargo transported in the cold chain can be worth millions of euros. “Real-time tracking is a very cost-effective way to prevent high-value cargo from being spoiled or damaged”, continues Mr. Backman. As the cost for IoT devices and connectivity services continues to decrease it becomes financially viable to also track goods of lower value. “The addressable market for cold chain tracking solutions will expand substantially in the next years”, concludes Mr. Backman.

Highlights from the report:

• Insights from 30 executive interviews with market leading companies.
• Comprehensive overview of the refrigerated cargo tracking value chain and key applications.
• In-depth analysis of market trends and key developments.
• Summary of major refrigerated cargo tracking initiatives worldwide.
• Updated profiles of 79 cold chain tracking solution providers.
• Detailed forecasts by market segment lasting until 2027.
• The latest trends in cold chain logistics and the tracking of cargo and cargo carrying units including trailers, intermodal containers, ULDs and rail wagons.

This report answers the following questions

• Which are the leading providers of cold chain tracking solutions?
• What offerings are available from device vendors and service providers?
• Which modes of refrigerated transport have the highest penetration rates?
• What impact will regulations and legislations have on the market?
• What are the key drivers behind the adoption of refrigerated cargo tracking solutions?
• What are the latest trends in the cold chain tracking market?
• What impact will technology advancements have on the market?
• How will the cold chain tracking industry evolve in the future?

Who should read this report?

The Cold Chain Tracking and Monitoring Market is the foremost source of information about the adoption of tracking solutions for refrigerated cargo and cargo containers, including trailers, intermodal containers, air freight ULDs and rail wagons. Whether you are a tracking solution provider, device vendor, cargo transportation stakeholder, telecom operator, investor, consultant, or government agency, you will gain valuable insights from this in-depth research.