DUBLIN–(BUSINESS WIRE)–The “Trailer and Cargo Container Tracking – 11th Edition” report has been added to ResearchAndMarkets.com’s offering.
This study investigates the market for tracking and security of intermodal shipping containers, trailers, swap bodies, rail freight wagons, air freight unit load devices, pallets and cargo boxes. The total market value for tracking solutions covering all these use cases is forecasted to grow at a CAGR of 13.1 percent from € 1.8 billion in 2022 to € 3.4 billion by 2027. Get up to date with the latest information about vendors, products and markets.
Cargo and cargo carrying unit tracking aims to increase operational efficiency and visibility in transport chains. the analyst’s definition of a real-time tracking solution is a system that at minimum incorporates data logging, satellite positioning and data communications to a backoffice application through cellular or satellite networks. The tracking device can be designed to track the cargo carrying unit, i.e. the trailer, intermodal container, rail freight wagon, air freight ULD or pallet, or the cargo itself. Tracking devices for cargo carrying units are permanently or temporarily installed while general cargo tracking devices are typically placed with the cargo during transport. Having access to real-time data on the location and status of cargo carrying units and cargo enable the various stakeholders in the supply chain to make better-informed decisions, increase asset utilization, save costs and reduce the environmental impact.
The market for trailer, container, rail freight wagon, ULD, pallet and general cargo tracking solutions is served by a wide range of players. Companies offering solutions for cargo carrying units typically focus on one application, e.g. trailer tracking. However, these companies often have devices installed on several different asset types. General cargo tracking solution providers are most often specialised in that market segment. The analyst ranks ORBCOMM as the largest provider of tracking solutions, having a significant installed base of both trailers and containers. The company’s total installed base reached 940,000 units at the end of 2022. The second largest player SkyBitz had an installed base of about 725,000 tracking units, primarily on trailers, at the end of 2022.
Additional leading providers of trailer telematics solutions are Spireon (now owned by Solera), Samsara, CalAmp, Motive, Idem Telematics, Powerfleet, Phillips Connect (the telematics division of Phillips Industries), Schmitz Cargobull, TGI, Transics (ZF), BlackBerry, TGI, EROAD, Krone and Cooltrax.
The report estimates that shipments of tracking devices with cellular or satellite communications capabilities for cargo carrying units reached 2.9 million units worldwide in 2022. Growing at a compound annual growth rate (CAGR) of 13.7 percent, shipments are expected to reach 5.4 million units in 2027. During the same period, the installed base of tracking devices is forecasted to grow at a CAGR of 18.2 percent, from 8.8 million units at the end of 2022 to 20.3 million units by 2027. Trailer tracking is the largest market segment, estimated to account for 51.5 percent of the total installed base of tracking devices in 2022. Intermodal container tracking is the second largest segments in terms of the number of installed units. The installed base of tracking devices on rail freight wagons, air freight ULDs and pallets is substantially smaller. The number of active tracking devices and real-time data loggers in use for general cargo applications reached 2.0 million units at the end of 2022. The market segment is set for rapid growth in the coming 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 reach 6.6 million units at the end of 2027. Yearly device shipments in this category will grow from 7.4 million units in 2022 to reach 28.2 million units in 2027. Total revenues for tracking solutions for cargo carrying units and cargo reached € 1.8 billion in 2022. Growing at a CAGR of 13.1 percent, the total market value is forecasted to reach € 3.4 billion in 2027.
About 30 million intermodal containers, 15 million trailers, 5 million rail freight wagons and one 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 16 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 coming next few years. The recent disruptions in the global supply chain caused by the pandemic 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 major cargo tracking initiatives from the EU and the US.
- Updated profiles of 116 cargo container tracking solution providers.
- Detailed forecasts by market vertical lasting until 2027.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 242 |
| Forecast Period | 2022 – 2027 |
| Estimated Market Value (USD) in 2022 | $1.8 Billion |
| Forecasted Market Value (USD) by 2027 | $3.4 Billion |
| Compound Annual Growth Rate | 13.1% |
| Regions Covered | Global |
Vendor Profiles
- 7PSolutions
- Adapt Ideations
- AddSecure Smart Transport
- Agheera
- AJ Networks
- Amsted Rail (Amsted Industries)
- ArrowSpot
- Astrata Europe
- AT&T
- Axscend (SAF-Holland)
- Ayantra
- BeWhere
- BlackBerry
- Bornemann
- Bosch
- Brambles
- CalAmp
- CargoGuard
- Cargomon Systems
- Carrier
- China International Marine Containers (CIMC)
- Clarience Technologies
- CLS Group
- Cognid Telematik
- Contguard
- Controlant
- Cooltrax
- Copeland
- Daikin Industries
- DeltaTrak
- Digi International
- Digital Communications Technologies
- DOT Telematik
- Drov Technologies
- Envirotainer
- Envotech
- EROAD
- Fleet Complete
- Fly4u (Groupe ZeKat)
- Frigga (Shanghai Dewav Electronic Technology)
- Geoforce
- Globalstar
- Globe Tracker
- GPX Intelligence
- Grandcentrix (Vodafone)
- Great Dane
- Hanhaa
- Hive-Zox
- Honeywell
- Hyundai Translead
- Idem Telematics (BPW)
- Intelyt
- Intermodal Telematics
- Joint Technology
- Kirsen Global Security
- KPN
- Krone
- Kogel
- Lat-Lon (Geotab)
- Loginno Logistic Innovation
- Maersk
- Maersk Container Industry (MCI)
- MECOMO (Giesecke+Devrient)
- Mitsubishi Heavy Industries
- MiX Telematics
- Motive
- Net Feasa
- Nexxiot
- OnAsset Intelligence
- ORBCOMM
- Ovinto
- Pallet Alliance
- Phillips Connect (telematics division of Phillips Industries)
- Phillips Industries
- Powerfleet
- Queclink Wireless Solutions
- RM2
- Roambee
- RSAE Labs
- Samsara
- Satlock
- SAVVY Telematic Systems
- Schmitz Cargobull
- Schwarzmuller Group
- SecureSystem
- Sendum Wireless
- Sensata
- Sensitech (Carrier)
- Sensolus
- Siemens
- Sierra Wireless (Semtech)
- SkyBitz (AMETEK)
- Sony
- Spectos
- Spireon (Solera)
- SpotSee
- Swinnus
- Sycada
- T Comm Telematics
- T42 IoT Tracking Solutions
- Teletrac Navman
- TGI
- Thermo King (Trane Technologies)
- Tive
- TPL Trakker
- Tracertrak (Pivotel)
- Transics (ZF)
- Traxens
- Trinity Industries
- Trusted
- Ubidata
- Utility Trailer Manufacturing
- Wabash National
- Wielton Group
- Wireless Links
- Zenatek
- ZillionSource Technologies
For more information about this report visit https://www.researchandmarkets.com/r/lzefwf
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
