(MENAFN- GlobeNewsWire - Nasdaq) Global Tracking Systems for Cargo Carriers and Containers Projected to Surge, Transforming supply chain Efficiency and Visibility
Dublin, Jan. 14, 2025 (GLOBE NEWSWIRE) -- The "Trailer and Cargo Container Tracking - 12th Edition" report has been added to ResearchAndMarkets.com's offering.
Shipments of remote tracking systems with cellular or satellite communications capabilities for cargo carrying units reached 4 million units worldwide in 2023. Growing at a compound annual growth rate (CAGR) of 10.2 percent, shipments are expected to reach 6.6 million units in 2028. During the same period, the installed base of tracking systems is forecasted to grow at a CAGR of 15.0 percent from 11.1 million units at the end of 2023 to units by 2028.
In terms of the number of installed units, trailer tracking is the largest market segment, estimated to account for 45.8 percent of the total installed base of tracking devices in 2023. Intermodal container tracking is the second largest segment, accounting for 40.6% of the total installed base. The number of tracking devices installed on rail freight wagons, airfreight ULDs and pallets is substantially smaller. The market for tracking devices and real-time data loggers used for general cargo applications is set for rapid growth in the next few years as prices are expected to decrease and smart labels and other devices with a very small footprint are being introduced.
The number of active devices in use is forecasted to grow from 2.5 million devices in 2023 to 7.9 million devices at the end of 2028. Yearly device shipments in this category will grow from 8.8 million units in 2023 to reach 31.5 million units in 2028. Total revenues for tracking solutions for cargo carrying units and cargo reached € 2.1 billion in 2023. Growing at a CAGR of 10.2%, the total market value is forecasted to reach € 3.5 billion in 2028.
The market for trailer, container, rail freight wagon, ULD, pallet and general cargo tracking solutions is served by a wide range of players. Companies that offer solutions for cargo carrying units most often have their core focus on one application, e.g. trailer tracking, but have devices installed on several different asset types due to customer requirements. General cargo tracking solution providers are generally specialised in that market segment.
In terms of the number of deployed tracking devices, ORBCOMM is seen as the largest provider, having a significant installed base of both trailers and containers. ORBCOMM's total installed base reached close to 1.6 million units at the end of 2023. The second and third largest players - Nexxiot and SkyBitz - have reached installed bases of about 1.0 million and 750,000 tracking units respectively. Nexxiot has large installed bases of both containers and rail freight wagons while SkyBitz has the vast majority of its installed base on trailers.
Additional leading providers of trailer telematics solutions are Spireon, Samsara, BlackBerry, CalAmp, Motive, IdemTelematics, Powerfleet, Phillips Connect, Schmitz Cargobull, FleetPulse, SCALAR, TGI, EROAD, Axscend, Add Secure and Krone. Maersk has equipped its entire fleet of 360,000 reefer containers with tracking devices.
Other major players in the container tracking segment are Envotech, ZillionSource, Globe Tracker,Traxens, Giesecke+Devrient and Sensolus. In addition to Nexxiot, leading telematics players inthe rail industry are DOT Telematik and Systemtechnik, Amsted Rail, Siemens, SAVVY Telematic Systems, Cognid Telematik, Cargomon Systems and Intermodal Telematics. Sensitech (part ofCarrier), DeltaTrak, Tive, Controlant, Roambee, Frigga (Dewav Electronic Technology),Copeland and On Asset Intelligence are the leading providers of cargo tracking devices. Sensos and Trackonomy are also part of this segment, offering smart label solutions. Many cargo tracking players offer devices that can be used on all modes of transport, including air shipments. About 30 million intermodal containers, 15.7 million trailers, 5.5 million rail freight wagons and1.0 million air freight ULDs are in use worldwide today.
The penetration rate of tracking devices installed on these cargo carrying units amounts to only about 20 percent, indicating that there is still much room for growth. The analyst anticipates that the ongoing trend in the transport industry to invest in new digital solutions that increase visibility and security in the supply chain will continue and even accelerate in the next few years. The recent disruptions in the global supply chain caused by the COVID-19 pandemic, the Red Sea crisis and other major events have accentuated the need for real-time shipment data. Bolstered by new IoT communications technologies, solution providers are now able to design cost-effective tracking solutions that meet the needs of fleet and asset owners, transport companies, shippers and other stakeholders in the transport industry.
Highlights from the report
Insights from 30 new executive interviews with market leading companies. Comprehensive overview of the real-time cargo tracking value chain and key applications. In-depth analysis of market trends and key developments. Summary of the major cargo container tracking projects worldwide. Updated profiles of 114 cargo container tracking solution providers. Detailed forecasts by market vertical lasting until 2028. The latest trends on trailer, intermodal container, rail freight wagon, air cargo container, cargo box and pallet tracking.
This report answers the following questions
Which are the leading providers of trailer and cargo container tracking solutions? What offerings are available from device vendors and service providers? What impact will international regulations and security initiatives have on the market? What are the recent merger and acquisition activities on this market? What impact will technology advancements have on the market? What are the key drivers behind the adoption of cargo tracking devices? How will the cargo tracking industry evolve? What are the future trends on this market?
Key Topics Covered:
1 Global Freight Transport Overview
1.1 International merchandise trade
1.1.1 Freight transportation modes
1.1.2 Logistics units and containerisation
1.1.3 Transport industry actors
1.2 Cargo carrying units
1.2.1 Intermodal shipping containers
1.2.2 Trailers and semi-trailers
1.2.3 Rail freight wagons
1.2.4 Air freight unit load devices
2 Trailer and Cargo Container Tracking Solutions
2.1 Trailer and cargo container tracking infrastructure
2.1.1 Trailer and cargo container segment
2.1.2 GNSS segment
2.1.3 Network segment
2.1.4 Service segment
2.2 Benefits of using tracking solutions
2.2.1 Supply chain management
2.2.2 Security management
2.2.3 Trailer and cargo container management
2.3 Regulatory compliance and reporting
2.3.1 Supply chain security and environmental programs
2.3.2 Tax collection
2.4 Business models
3 Market Forecasts and Trends
3.1 Market analysis
3.2 Value chain analysis
3.3 Market drivers and barriers
3.4 Future industry trends
Trailer OEMs incorporate telematics as standard TPMS regulation in the EU is expected to drive adoption of trailer telematics Trailer cameras and advanced sensors increase the value for transporters OE trailer suppliers enable smart trailer solutions Smart labels may revolutionise parcel tracking Solutions for refrigerated cargo lead the tracking market Network sunsets create opportunities for tracking solution providers Rail freight wagon tracking - a potential high growth market Shipping companies are now also equipping their dry container fleets Pallet tracking becomes economically feasible as new technologies emerge Industry collaboration and standardisation to foster growth
4 OEM Products and Strategies
Carrier China International Marine Containers (CIMC) Daikin Industries Envirotainer Great Dane Hyundai Translead Krone Kogel Maersk Container Industry (MCI) Mitsubishi Heavy Industries Schmitz Cargobull Schwarzmuller Group Thermo King (Trane Technologies) Trinity Industries Utility Trailer Manufacturing Wabash National Wabtec Wielton Group
5 Vendor Profiles and Strategies
5.1 European solution providers
AddSecure Agheera Aspion Astrata Europe (AddSecure) Axscend (SAF-Holland) Bornemann Bosch CargoGuard Cargomon Systems CLS Group Cognid Telematik Controlant DOT Telematik and Systemtechnik Giesecke+Devrient Globe Tracker Groupe ZeKat Hanhaa Idem Telematics (BPW) Intermodal Telematics Kirsen Global Security KPN Maersk Net Feasa Nexxiot Ovinto SAVVY Telematic Systems SCALAR (ZF) Sensolus Siemens Spectos T Comm Telematics Traxens Trusted Ubidata Zenatek
5.2 North American solution providers
7PSolutions Amsted Rail (Amsted Industries) AT&T Ayantra BeWhere BlackBerry CalAmp Clarience Technologies Copeland DeltaTrak Digi International Digital Communications Technologies Drov Technologies Fleet Complete (Powerfleet) FleetPulse Geoforce Globalstar GPX Intelligence Intelyt Motive Technologies OnAsset Intelligence ORBCOMM Pallet Alliance Phillips Connect (Phillips Industries) Powerfleet Qualcomm RM2 Roambee RSAE Labs Samsara Semtech Sendum Wireless Sensitech (Carrier) SkyBitz (AMETEK) Spireon (Solera) SpotSee Teletrac Navman TGI Tive Trackonomy Systems Wireless Links Xirgo Technologies
5.3 Rest of World solution providers
Adapt Ideations AJ Networks ArrowSpot Brambles Contguard Cooltrax Envotech EROAD Frigga (Shanghai Dewav Electronic Technology) Hoopo Systems Joint Technology Loginno Logistic Innovation Queclink Wireless Solutions Satlock Sensos Swinnus T42 IoT Tracking Solutions Tracertrak (Pivotel) ZillionSource Technologies
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