The smart container is a device that provides real-time tracking, monitoring and provides visibility hence increasing adoption of smart container that raises demand for smart container market. The improvement in technological concern, such as an insulated container for transporting sensitive goods, also fuels the growth of the smart container market. The growing industrialization in emerging countries such as India, China, Japan, and others are heavily demanding smart container for effective transportation that drives the growth of the smart container market.
The Prominent/Emerging Players in the Flow Battery Market Research are ORBCOMM , Smart Containers Group, Traxens, Globe Tracker, Nexiot AG, Koninklijke Philips N.V., A.P. Moller – Maersk A/S, Robert Bosch GmbH, Ambrosus, Zillionsource Technologies.
Increasing demand for smart containers from the logistics and transportation industry is to reduce their risk and act actively throughout the supply chain that drives the growth of the smart container market. However, the smart container required a number of sensors for monitoring that increases its cost, which may hamper the growth of the smart container market. The smart container provides several benefits such as reduce transportation costs, provide security, and has greater transparency. Additionally, it provides real-time data. Henceforth, increasing the adoption of the smart container that drives the growth of the smart container market across the globe.
The global smart container market is segmented on the basis of components, technology, and industry vertical. On the basis of components the market is segmented as hardware, software, services. On the basis of technology the market is segmented as GPS, cellular, long range wide area network, bluetooth low energy (BLE). On the basis of industry vertical the market is segmented as food and beverages, pharmaceutical, oil and gas, chemicals, others.