Smart container market is likely to witness an impressive CAGR of 16.9% during the forecast period. The key driving factors contributing to the demand for smart containers are the surge in adoption of IoT connected devices by major shipping companies and growing concerns regarding wastage of food and medical products due to temperature deviation, which in turn, are driving the growth of the market.

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Smart Container Market
The Smart Container Market is Segmented by Offering Type (Hardware [Sensors, Connectivity Devices, and
Telematics and Telemetry Devices], Software, and Services), by Technology Type (Global Positioning
System, Cellular, Long Range Wide Area Network, Bluetooth Low Energy, and Others), by Vertical Type
(Food & Beverages, Pharmaceutical, Oil & Gas, Chemical, and Others), and by Region (North America,
Europe, Asia-Pacific, and Rest of the World).
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Smart Container Market: Growth and Forecast Highlights & Drivers
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• Smart container market is likely to witness an impressive CAGR of 16.9% during the forecast period.
• The key driving factors contributing to the demand for smart containers are the surge in adoption of IoT connected
devices by major shipping companies and growing concerns regarding wastage of food and medical products due to
temperature deviation, which in turn, are driving the growth of the market.
• Smart container is a device which aids in tracing and tracking products among stakeholders with the electronic
product code information services, supply chain, and RFID technologies and provides monitoring, real-time tracking
facilitating drivers to increase rotation time of their package equipment and improve utilization percentages.
• Smart containers are the containers that facilitate transportation of goods via both seaborne and land modes of
transport, which may include the use of trucks, rails, and ships, eliminating the necessity for reloading and unloading
at standard features.
• They are used in a wide array of industries and have always been the crux of the shipping industry.
• This report studies the market covering a period of 12 years of trend and forecast.
• The report provides detailed insights into the market dynamics to enable informed business decision making and
growth strategy formulation based on the opportunities present in the market.

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Market Insights
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By Offering Type
• The market is segmented as hardware, software, and service.
• The hardware segment held the largest share of the market in 2020, and is expected to remain dominant during the
forecast period.
• The wide use of a variety of differently priced hardware components for monitoring and tracking applications is driving
the growth of this segment.
• A number of sensors and various other hardware components are required for efficacious network monitoring in smart
container solutions.
By Technology Type
• The market is segmented as food, construction, filtration, and others.
• The long-range wide area network segment is expected to grow at the highest rate in the market, owing to its superior
properties as compared to other technologies such as Bluetooth low energy and Wi-Fi.
• Due to its high bandwidth capability, LoRa WAN offers a wide range of communication.
• Its in-depth indoor penetration feature helps to repress problems occurring in cases where most of the signals would
be reflected from the surface of a container.
• This property also provides access to sensors monitoring the assets inside the container.
By Region
• Asia-Pacific is estimated to be the largest as well as fastest-growing market for cellular concrete during the forecast

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Market Insights
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By Region
• Europe is estimated to be the largest market during the forecast period, with China, Japan, India, and Australia being
the major countries with lucrative growth opportunities.
• This growth can be attributed to the presence of major shipping companies in Europe, which demand for smart
shipping container solutions.
• European ship-owners control over 40% of the world's merchant fleet and operate shipping services across the globe,
according to the European Community Shipowners’ Associations (ECSA).
• According to the United Nations Conference on Trade and Development (UNCTAD), Europe is the second-largest
region, in terms of container port volumes, accounting for 16% share of the total world container port volumes, in
2017.
• North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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Competitive Insights
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Smart Container Market, regional expansion, and execution of mergers & acquisitions are the key strategies
adopted by the major players to gain a competitive edge in the market.
Key Companies Analysed
• Orbcomm
• Smart Containers Group AG
• Traxens
• Globe Tracker
• Nexiot AG
• Phillips Connect Technologies (Division of Phillips Industries)
• Sealand (Division of Maersk Group)
• Robert Bosch Manufacturing Solutions (Robert Bosch GmbH)
• Ambrosus
• Zillionsource Technologies Co., Ltd. (CISCO).

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Research Methodology
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• Annual Reports / Fact Book
• Company Websites
• Magazines / Publications
• Press Releases & Journals
• Industry News
• Association Articles
• Government Documents
• Social Media
• Others
• Robust database across value chain
• In-house industry veterans as
advisors
• Project based subject matter experts
• Industry Players
• Industry Experts
• Suppliers
• Customers
• Associations
• Government Institutions
• Others
Data Triangulation Data Evaluation and Multiple Data Triangulation)
Final Deliverables Final Report with All Findings)
Secondary Research
Stratview Research Internal
Knowledgebase
Primary Research
Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of
data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market.
Data Analysis Top Down and Bottom Up Approach)

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Report Features
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This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it
offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision
making for the existing market players as well as those willing to enter the market. The following are the key features of
the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

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Market Segmentation
The smart container market is segmented into the following categories.
Smart Container Market Size, Share, & Forecast, by Offering Type:
• Hardware
• (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• (Offering Type Analysis: Sensors, Connectivity Devices, and Telematics and Telemetry Devices)
• Software (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Service (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Smart Container Market Size, Share, & Forecast, by Technology Type:
• Global Positioning System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cellular (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Long Range Wide Area Network (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Bluetooth Low Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

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Market Segmentation
Smart Container Market Size, Share, & Forecast, by Vertical Type:
• Food & Beverages (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Pharmaceutical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Chemicals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Smart Container Market Size, Share, & Forecast, by Region:
• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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