Berg Perception, the world’s main IoT market analysis supplier, right this moment launched a brand new market report protecting the cargo monitoring market.
The variety of energetic monitoring units deployed for cargo loading items together with trailers, intermodal containers, rail freight wagons, air cargo containers, cargo bins and pallets reached 7.5 million worldwide in 2019. Rising at a compound annual progress price (CAGR) of 25.four %, this quantity is anticipated to succeed in 23.2 million by 2024.
When it comes to put in items, trailer telematics is right this moment probably the most developed market, adopted by monitoring units for normal cargo functions and intermodal containers. The markets for monitoring options for rail freight wagons and air cargo containers are significantly smaller however are estimated to develop considerably throughout the coming 5 years. The overall market worth for trailer and cargo container monitoring options reached an estimated € 1.1 billion in 2019. Rising at a CAGR of 16.2 %, the overall market measurement is forecasted to succeed in € 2.2 billion in 2024.
Berg Perception ranks ORBCOMM as the most important vendor of monitoring options for cargo loading items, having a major put in base of trailers in addition to containers. ORBCOMM is along with SkyBitz, Spireon, CalAmp, PowerFleet and Samsara the main gamers on the North American trailer telematics market by way of variety of energetic items.
The European trailer telematics market is smaller than the North American and is dominated by Idem Telematics, Schmitz Cargobull, Transics/WABCO and CLS Group. 5 main distributors on the container monitoring resolution market are Malaysia-based Envotech, China-based ZillionSource, France-based TRAXENS and Sierra Wi-fi and Geoforce primarily based within the US. Mecomo and Agheera, each primarily based in Europe, are main distributors within the adjoining swap physique phase. Nexiot, Siemens, SAVVY and DOT Telematik primarily based in Europe and Amsted Rail primarily based in North America are vital distributors of monitoring options for rail freight wagons. Sensitech, Roambee, OnAsset Intelligence and Controlant are notable gamers within the normal cargo phase, additionally providing options for air freight cargo monitoring.
The worldwide COVID-19 pandemic is anticipated to create an elevated give attention to provide chain visibility and safety going ahead.
“In gentle of latest occasions it has been made clear that real-time information on the location and situation of cargo in transit is essential for an environment friendly and dependable provide chain”, says Martin Backman, Senior Analyst at Berg Perception. Low-Energy Broad-Space (LPWA) networks developed particularly for IoT functions comparable to Sigfox, CAT-M1, NB-IoT and LoRaWAN at the moment are more and more accessible around the globe which lowers the obstacles for adoption of monitoring options.
Mr. Backman concludes:
“There are nice alternatives for resolution suppliers forward as there might be a surge for cargo monitoring options publish COVID-19 and there might be varied communications know-how choices accessible to assist completely different buyer wants.”