Smart Container Market Overview, Application and Forecast To 2024

Posted June 27, 2022 by avinashgogawale14

The Smart Container Market is estimated to grow from USD 2.6 billion in 2019 and projected to reach USD 5.7 billion by 2024; it is expected to grow at a CAGR of 16.9% from 2019 to 2024.
The increase in IoT-connected device adoption by large shipping businesses is the main driver fueling the expansion of this industry. As more data is gathered across the entire transportation process and valuable insights can be drawn from it, this approach is gaining traction. With the help of these insights, the maritime industry's operational efficiency can be increased by identifying problems early, cutting downtime, and streamlining processes. The desire to improve operational effectiveness and safety in the shipping sector, as well as growing worries about the loss of food and medical supplies due to temperature variations, are a few other major factors propelling the expansion of the Smart Container Market.

“Hardware to hold the largest size of the Smart Container Market during the forecast period.”

Since a wide range of hardware components at various price points are utilised to carry out container monitoring and tracking applications, the smart container market for hardware components used in smart container solutions is anticipated to have the biggest market size. For efficient network monitoring, smart container solutions need a lot of sensors and other hardware parts, some of which can be relatively expensive.

Download PDF Brochure @

“Smart Container Market for pharmaceutical vertical to grow at the highest CAGR from 2019 to 2024.”

The pharmaceutical vertical's Smart Container Market is anticipated to see the greatest CAGR over the forecast period. This rapid growth is mostly the result of growing worries about preventing losses during the shipping of pharmaceutical supplies. The pharmaceutical industry's demand for efficient monitoring systems for vaccine transportation activities will drive the market for smart containers.

“Europe held the major share of the Smart Container Market in 2018.”

According to the European Community Shipowners' Associations (ECSA), European shipowners run shipping services all over the world and own over 40% of the world's merchant fleet. Europe ranks second in terms of container port volumes, according to the United Nations Conference on Trade and Development (UNCTAD). It represented 16% of the volume of all cargo ports worldwide in 2017. Europe has the biggest market share for smart containers among all regions as a result of three key driving forces. Europe dominated the Smart Container Market in 2018 and is predicted to do so again during the forecast period.

Key Players

Major Players in the Smart Container Market are Orbcomm (US), Smart Containers Group AG (Switzerland), Traxens (France), Globe Tracker (Denmark), and Nexiot AG (Switzerland). Other players operating in smart container market include Phillips Connect Technologies (Division of Phillips Industries) (US), SeaLand (Maersk) (Denmark), Robert Bosch Manufacturing Solutions (Robert Bosch GmbH) (Germany), Ambrosus (Switzerland), and ZillionSource Technologies Co., Ltd. (Cisco) (China).

Browse For More Details -

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website:
-- END ---
Contact Email [email protected]
Issued By Avinash
Phone +1-888-600-6441
Business Address Tower B5, office 101, Magarpatta SEZ,
Hadapsar, Pune-411013, India
Country India
Categories Business , Industry , Semiconductors
Tags smart container market
Last Updated June 27, 2022