The Latin America, Middle East and Africa Smart Container Market would witness market growth of 20.4% CAGR during the forecast period (2022-2028).
Smart logistics have not become the norm yet but the number of businesses adopting this technology is continuously rising due to the risk of unprecedented problems following the disruptions in supply chain caused by the pandemic. The demand for digital transformation of logistic industry is growing in order to make the businesses capable of dealing with future disruptions.
Smart container technologies could be retrofitted in all types of pre-existing containers. The technologies that enable smart containers to gather necessary information mainly include various sensors attached to be used whenever required. The usage of these containers allows efficient collaboration and coordination with third-party stakeholders. Also, these containers help the operator organizations to improve inventory management as they could avoid the out-of-stock situation by knowing the possible shortage before the requirement.
The UAE is one of the largest oil producers in the world. Approximately 96% of the UAE’s proven oil reserves which is around 100 billion barrels are located in Abu Dhabi. The United Arab Emirates produces around 3.2 million of liquids & petroleum each day. The region further aims to develop the production capacity of oil & gas. According to the U.S. Energy Information Agency, the region holds seventh-largest proven reserves of natural gases across the globe which is over 215 trillion cubic feet. The nation wishes to become self-sufficient in gas supply till 2030. Currently UAE imports natural gases from Qatar.
The Brazil market dominated the LAMEA Smart Container Market by Country in 2021; thereby, achieving a market value of $189.2 Million by 2028. The Argentina market is showcasing a CAGR of 21.1% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 20.1% during (2022 - 2028).
Based on Vertical, the market is segmented into Food & Beverages, Pharmaceuticals, Oil & Gas, Chemicals and Others. Based on Offering, the market is segmented into Hardware, Software and Services. Based on Technology, the market is segmented into Global Positioning System (GPS), Cellular, Long Range Wide Area Network (LoRa Wan) and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Smart Container Market is Predict to reach $10.8 Billion by 2028, at a CAGR of 18.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include A.P. Moller - Maersk A/S, Orbcomm, Inc. (GI Partners L.P.), SkyCell AG, TRAXENS, AirDAO, ZillionSource Technologies, Berlinger & Co. AG, Globe Tracker, ApS, Nexxiot AG and Phillips Connect (Phillips Industries, Inc.).
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