What is Smart Container Market Scope?
Smart containers are containers that are fit internet-connected devices and interconnected sensors that collect, collate, and transmit container data. These sensors and devices act like traditional data loggers but can show all the information (near) real-time anywhere across the globe. The collecting real-time data and bringing everything under one system, shipping companies and related stockholders get access to handle the necessary information about the container and can optimize supply chain operations from anywhere which are boosting the growth of the market. Smart containers are brought together an array of technologies such as the Internet of things (IoT), big data, blockchain, and data pipelines. Smart containers improve the autonomy of the devices and streamline the operational and maintenance processes.
The Smart Container market study is being classified by Type (Hardware (Sensors (Temperature sensors, Pressure sensors, Humidity sensors, Gas sensors, Other sensors), Connectivity Devices, Telematics, and Telemetry Devices), Software and Services), by Application (Food & Beverages, Pharmaceutical, Oil & Gas, Chemicals and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that Manufacturers from Global will contribute to the maximum growth of Global Smart Container market throughout the predicted period.
Orbcomm (United States), Smart Containers Group AG (Switzerland), Traxens (France), Globe Tracker (Denmark), Nexiot AG (Switzerland), Phillips Connect Technologies (United States), SeaLand (Denmark), Robert Bosch Manufacturing Solutions (Germany), Ambrosus (Switzerland) and ZillionSource Technologies Co., Ltd. (China) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Maersk (Denmark) and Hapag-Lloyd AG (Germany).
Analyst at AMA have segmented the market study of Global Smart Container market by Type, Application and Region.
On the basis of geography, the market of Smart Container has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In May 2019, Navis announced its strategic cooperation with Loginno, With Loginno, Navis takes a step towards helping customers achieve container visibility through the availability of smart container technology at the terminal, on the vessel journey and to inland logistics., and In Oct 2018, MSC Mediterranean Shipping Company, a global leader in container shipping and logistics, is increasingly introducing smart container solutions for customers at many locations around the world, using IoT solutions developed by its partner TRAXENS.
Influencing Market Trend
- High Adoption of IoT Connected Devices by Major Shipping Companies
- Rise in Popularity of Application Container Technology over the Virtual Machines
- Rising of Online Shopping
- Increasing Adoption for Enhancing Operational Efficiency and Safety in Container Shipping Industry
- Increasing Key Players Investment in Container Management Technologies
- High Demand from Food & Beverage Industry
- High Cost of Smart Containers
- Concerns Regarding Security and Privacy
- Interoperability Issues Due to Lack of Uniform Communication Standards
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Smart Container Manufacturer, Smart Container Suppliers/Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industry
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