According to a new report, published by KBV research, The Global High-tech Logistics Market size is expected to reach $95.2 billion by 2031, rising at a market growth of 11.6% CAGR during the forecast period.
High-tech logistics solutions, such as blockchain and Internet of Things (IoT), provide the transparency and traceability needed to track goods at every stage of the supply chain. Blockchain technology, for instance, enables secure and immutable record-keeping of transactions, ensuring that all parties involved have access to accurate and up-to-date information. This enhances the overall efficacy of the supply chain and mitigates the risk of fraud, errors, and delays.
The Transportation segment captured the maximum revenue in the Global High-tech Logistics Market by Service in 2023, thereby, achieving a market value of $32.6 billion by 2031. The segment's growth is largely due to the increasing demand for efficient delivery solutions across e-commerce, manufacturing, and other industries. High-tech solutions such as autonomous vehicles, AI-driven route optimization, and real-time shipment tracking have become critical for streamlining transportation services.
The Semiconductor Industry segment is growing at a CAGR of 10.3 % during the forecast period. This was driven by the increasing global demand for microchips, processors, and other critical semiconductor components used in consumer electronics, automotive technology, and industrial equipment. The complexity and precision required in handling and transporting these sensitive materials further boosted the need for advanced logistics solutions, such as temperature-controlled environments and real-time tracking systems.
Full Report: https://www.kbvresearch.com/high-tech-logistics-market/
The North America region dominated the Global High-tech Logistics Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $34.1 billion by 2031. The Europe region is anticipated to grow at a CAGR of 11.2% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 12.2% during (2024 - 2031).
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