Cold Chain Monitoring Market Size
The global Cold Chain Monitoring market size was valued at $6.14 billion in 2023 and is projected to reach $16.94 billion by 2029, growing at a CAGR of 18.4% during the forecast period.
Cold Chain Monitoring Market Dynamics
• The cold chain monitoring market is expected to witness significant growth in the future due to rising demand for temperature-sensitive drugs, better food quality, and an increasing need to reduce food wastage.
• Additionally, several countries throughout the world are focusing on improving the efficiency of supply chains for processed foods, frozen foods, dairy products, pharmaceuticals, and other products that require cold chain monitoring this is one of the major factors driving the growth of the cold chain monitoring market demand.
• However, a decline in trade and industrial activities is likely to restrain the market growth.
• On the contrary, rapid urbanization growth, automation, and cold storage technology in warehouses create opportunities across the globe.
Cold Chain Monitoring Market Overview
Cold Chain Monitoring is a logistic solution for monitoring and recording data in real-time, allowing proven solutions to follow precise instructions and guidelines. Monitoring systems are used to keep food, vaccines, and other pharmaceuticals effective and fresh, as well as to keep them at the proper temperature and avoid rotting. To keep the integrity of the items being stored and transported, the cold chain system uses thermal and refrigerated packing techniques, as well as logistical planning. Air, sea, roads, and trains are all viable options for delivering cold chain commodities. To ensure the quality of the items being carried, cold chain tracking and driving are used.
By Application, Pharmaceuticals & Healthcare Segment to Register Remarkable Growth
Pharmaceuticals & healthcare is estimated to witness a significant growth rate in the foreseeable future. The growth might be ascribed to the strict regulatory standards in locations worldwide to ensure the safe and secure storage and transportation of pharmaceutical products. Some pharmaceuticals and medicines are extremely temperature sensitive and must be stored and transported at controlled temperatures. As a result, when storing and transporting pharmaceutical products, supply chain operators are increasingly turning to cold chain monitoring technologies.
By Geography, North America Holds the Dominant Position in the Market Revenue
North America is projected to be the largest segment in the cold chain monitoring market due to the increasing demand for chilled and frozen food products in the region. Moreover, the rising demand for dairy products, vegetables, and fruits is increasing the imports, as well as exports of exotic vegetables and fruits and dairy products, which is also boosting the demand for cold chain monitoring solutions.
Some of the key players profiled in the Report Include:
• ORBCOMM
• Berlinger & Co. AG
• Monnit Corporation
• ELPRO-BUCHS AG
• Controlant
• SecureRF Corporation
• Savi Technology
• Zest Labs, Inc.
• Infratab, Inc.
• Sensitech Inc.
• Veridify Security
• Interstate Cold Storage Inc
• Kloosterboer Group
• Preferred Freezer Services
• Americold Logistics
What Can be Explored with this Research Report:
• Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.
Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:
Market by, Offering
• Hardware
• Software
Market by, Temperature Type
• Frozen
• Chilled
Market by, Logistics
• Store
• Transportation
Market by, Application
• Food & Beverages
• Pharmaceuticals & Healthcare
• Chemicals
• Other Applications
Market by, Geography
The Cold Chain Monitoring Market report also analyzes the major geographic regions and countries for the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.
Table Of Content
1 Market Overview
1.1 Introduction
1.2 Research Objectives
1.3 Market Segmentation
1.4 Stakeholders
1.5 List of Acronyms
2 Executive Summary
3 Research Methodology
3.1 Identification of Data
3.2 Evaluation of Market Dynamics
3.3 Collaboration of Data
3.4 Verification and Analysis
3.5 Data Sources
3.6 Assumptions
4 Market Dynamics
4.1 Market Drivers
4.1.1 Rising Demand for Temperature Sensitive Drugs, and Better Food Quality
4.1.2 Increasing Need to Reduce Food Wastage
4.2 Market Restraints
4.2.1 Decline in Trade and Industrial Activities
4.3 Market Opportunities
4.3.1 Rapid Urbanization is Boosting the Market Growth
4.3.2 Automation and cold storage technology provide better asset control in warehouses.
4.4 Market Challenges
4.4.1 Stiff Competition Among the Major Players
4.5 Impact of COVID-19 on Cold Chain Monitoring Market
5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market
6 Global Cold Chain Monitoring Market by, Offering
6.1 Overview
6.2 Hardware
6.2.1 Sensors and Data Loggers
6.2.2 RFID Devices
6.2.3 Networking Devices
6.2.4 Telematics & Telemetry Devices
6.3 Software
6.3.1 Cloud-Based
6.3.2 On-Premises
7 Global Cold Chain Monitoring Market by, Temperature Type
7.1 Overview
7.2 Frozen
7.3 Chilled
8 Global Cold Chain Monitoring Market by, Logistics
8.1 Overview
8.2 Store
8.6 Transportation
9 Global Cold Chain Monitoring Market by, Application
9.1 Overview
9.2 Food & Beverages
9.2.1 Fruits & Vegetables
9.2.2 Meat & Seafood
9.2.3 Poultry & Dairy Products
9.2.4 Processed Foods
9.3 Pharmaceuticals & Healthcare
9.3.1 Vaccines
9.3.2 Biobanks
9.3.3 Medicines & Drugs
9.4 Chemicals
9.5 Other Applications
9.5.1 Agriculture
9.5.2 Manufacturing
10 Global Cold Chain Monitoring Market by, Geography
10.1 Overview
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 France
10.3.3 UK
10.3.4 Italy
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 South Korea
10.4.5 Australia
10.4.6 New Zealand
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 UAE
10.6.2 Saudi Arabia
10.6.3 Qatar
10.6.4 Iran
10.6.5 South Africa
10.6.6 Rest of Middle East & Africa
11 Key Developments
12 Company Profiling
12.1 ORBCOMM
12.1.1 Business Overview
12.1.2 Product/Service Offering
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Activities
12.2 Berlinger & Co. AG
12.3 Monnit Corporation
12.4 ELPRO-BUCHS AG
12.5 Controlant
12.6 SecureRF Corporation
12.7 Savi Technology
12.8 Zest Labs, Inc.
12.9 Infratab, Inc.
12.10 Sensitech Inc.
12.11 Veridify Security
12.12 Interstate Cold Storage Inc
12.13 Kloosterboer Group
12.14 Preferred Freezer Services
12.15 Americold Logistics
Report Details
SKU Code | : DI2085 |
Industry | : Electronics & Semiconductor |
Region | : Global |
Tables | : 174 |
Format | : Electronic PDF |
Published | : 2023 |
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