Global Smart Pallet Sensors Market Overview:
Smart pallets are plastic or wooden pallets equipped with sensors for tracking products, which are in the supply chain. It can measure the humidity and temperature inside the packages when placed upon the smart pallet. This plays an important role during the transportation of food and beverages, and healthcare products. In addition, smart pallet sensors can continuously communicate with the central management system, which helps organizations to track the package effectively and optimize the supply chain. Some of the players profiled in the study are STMicroelectronics (Switzerland), Semtech Corporation (United States), ADLINK Technology Inc. (Taiwan), Ahrma Group (Netherlands), Ambrosus Inc. (United States), Lightning Technologies LLC (United States), LogTrade Technology AB (United States), NFC Group (United States), TronicsZone (India) and RM2 (United States).
On the basis of geography, the market of Smart Pallet Sensors 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). If we see Market by End Use, the sub-segment i.e. Warehousing & Transportation will boost the Smart Pallet Sensors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Smart Pallet Sensors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Internationalization of Supply Chain Flows
- Increasing Demand for Optimizing the Supply Chain and Tracking
- Reduced Operational Cost and Product Spoilage during the Transportation
- Shift From RFID to the Internet of Things (IoT) Technologies Owing To Concerns about Visibility
- Data Security Concerns Regarding the Consignment
- Increasing Number of Real-Time, Low-Power Smart Trackers
- Technological Changes such as IoT Based Pallets
Key Market Developments:
In 2020, Semtech Corporation announced that Pallet Alliance has integrated Semtech’s LoRa devices and the LoRaWAN protocol into its ‘IntelliPallet’ Internet of Things (IoT)-based pallet monitoring logistics.
In June 2016, Ahrma Holding BV launched IoT-enabled smart pallet. This smart pallet can communicate with intelligent low-cost receivers mounted at strategic places on customer premises.
Smart Pallet Sensors Manufacturers, Key Component Suppliers, Semiconductor Companies, Potential Investors, End-Use Industry and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Smart Pallet Sensors market on the basis of product [Humidity Sensors, Pressure Sensors and Proximity Sensors] , application [Inventory Management, Condition Monitoring, Asset Tracking & Monitoring and Security Management], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Smart Pallet Sensors market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Smart Pallet Sensors industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Smart Pallet Sensors market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.