According to a new report, published by KBV research, The Global Smart Container Market size is expected to reach $10.8 billion by 2028, rising at a market growth of 18.2% CAGR during the forecast period.
The Oil & Gas market is anticipated to witness a CAGR of 18.6% during (2022 - 2028). The oil & gas industry include the areas which may be highly hazardous to the workforce as well as the equipment used. Also, the industry includes trunk, pumping, pipelines and other facilities that need modern control & safety systems. Due to which the oil & gas industry requires safe transportation based on high standards. As a result, the demand for smart containers is rising in this segment.
The Hardware market is leading the Global Smart Container Market by Offering in 2021; thereby, achieving a market value of $6.2 Billion by 2028. This is attributable to the presence of a significant number of companies offering IoT hardware. In addition, the market is expanding in this segment as a result of the growing demand for monitoring devices in the supply chain. By using the information provided by these monitoring devices, operators could benefit by getting an unobstructed view of the supply chain.
The Global Positioning System (GPS) market is experiencing a CAGR of 17.6 % during (2022 - 2028). GPS plays a crucial role in monitoring and tracking container movement. With the emergence of advanced technologies, GPS trackers that could be operated via satellite platforms are being equipped to generate real-time location. Many market players in emerging economies offer GPS tracking technology by way of different software and hardware solutions. The demand for this technology rises as a result of the growing concerns regarding cargo safety and on-time delivery.
The Europe market dominated the Global Smart Container Market by Region in 2021; thereby, achieving a market value of $3.6 Billion by 2028. The North America market is poised to grow at a CAGR of 18% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 19% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/smart-container-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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By Geography
Companies Profiled
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