Market Overview:
The global IoT for cold chain monitoring market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for food safety and security, rising concerns over product wastage, and growing need for real-time temperature monitoring in cold chains. The global IoT for cold chain monitoring market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into hardware, software/platforms services. The hardware segment dominates the global IoT for cold chain monitoring market owing to its ability to provide accurate data about products in transit and storage conditions. On the basis of application, retail & consumer packaged goods (CPG), healthcare & pharma food & beverages chemicals are segments considered in this study . Retail & consumer packaged goods (CPG) sector dominates due high awareness among consumers about quality control measures taken by retailers across different geographies.
Product Definition:
IoT for cold chain monitoring is the application of internet of things technology to monitor the temperature and other conditions of a shipment of perishable goods as they move through the supply chain. This allows companies to track their products and ensure that they are being stored and transported at the correct temperatures. The use of IoT for cold chain monitoring can help companies reduce waste, improve customer satisfaction, and save money.
Hardware:
Hardware is the part of IoT that includes chipsets and sensors. Hardware has been witnessing rapid growth in recent years owing to increasing demand for connected devices across different industry verticals. The hardware segment accounted for a major market share in 2016, which can be attributed to the growing penetration of Internet of Things (IoT) technology into various sectors such as manufacturing, energy & utilities, transportation & logistics, and healthcare.
Software/Platform:
Software/Platform is a collection of tools, processes, and methodologies that are used to design IoT devices for the purpose of monitoring. It helps in collecting data from sensors and analyzing it using analytics. The collected data is then transferred to an application on mobile phones or PCs for further analysis.
Application Insights:
The others application segment accounted for the largest revenue share in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030. The growth can be attributed to the increasing adoption of IoT-based solutions across various industries such as manufacturing, oil & gas, utilities, transportation and logistics among others. These industries are particularly focusing on enhancing their operations through constant monitoring of physical devices connected to the network thus driving demand for an IoT solution that monitors cold chain conditions.
The retail & consumer packaged goods (CPG) industry is one of the leading adopters of Internet-of-Things (IoT) technology owing to its ability to monitor inventory in real time and take necessary preventive measures when there are indications of product damage or loss during storage or shipment processes along with improved customer experience by reducing human efforts required for monitoring products during distribution channels. This has led major players such as Mondel„“z International Group plc.
Regional Analysis:
The North American regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing adoption of IoT technologies across various industries, such as manufacturing, healthcare & pharmaceuticals, retail & consumer packaged goods. Moreover, presence of a large number of players in this region has led to increased competition; however it also acts as an opportunity for industry participants to collaborate and offer integrated solutions that meet customer requirements.
Asia Pacific is anticipated to emerge as one of the fastest-growing regions during the forecast period owing with growing implementation of IoT technology across various industries especially agriculture and food processing sector in China and India. Furthermore, rising disposable income levels coupled with rapid urbanization have resulted into high demand for consumer electronics products which are expected will fuel demand over next eight years.
Growth Factors:
- Increasing demand for food safety and quality: The global food industry is expected to grow at a CAGR of 5.4% from 2016 to 2021. This growth is driven by the increasing demand for safe and high-quality food products. IoT-based cold chain monitoring can help ensure the quality and safety of food products throughout the supply chain.
- Growing popularity of online grocery shopping: The global online grocery market is projected to grow at a CAGR of 20% from 2016 to 2021. This growth is driven by the increasing popularity of online grocery shopping, which offers convenience and affordability to consumers. IoT-based cold chain monitoring can help improve the efficiency and accuracy of online grocery deliveries by tracking product temperatures in real time.
Scope Of The Report
Report Attributes
Report Details
Report Title
IoT For Cold Chain Monitoring Market Research Report
By Type
Hardware, Software/Platform, Services
By Application
Retail & Consumer Packaged Goods (CPG), Healthcare & Pharma, Food & Beverages, Chemicals, Others
By Companies
Huawei Technologies, HC Technologies, Aeris Communication, SenseGiz Inc., TE Connectivity, Zebra Technologies, Moschip Technologies Limited, Roambee Corporation, Laird Connectivity
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global IoT For Cold Chain Monitoring Market Report Segments:
The global IoT For Cold Chain Monitoring market is segmented on the basis of:
Types
Hardware, Software/Platform, Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail & Consumer Packaged Goods (CPG), Healthcare & Pharma, Food & Beverages, Chemicals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Huawei Technologies
- HC Technologies
- Aeris Communication
- SenseGiz Inc.
- TE Connectivity
- Zebra Technologies
- Moschip Technologies Limited
- Roambee Corporation
- Laird Connectivity
Highlights of The IoT For Cold Chain Monitoring Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software/Platform
- Services
- By Application:
- Retail & Consumer Packaged Goods (CPG)
- Healthcare & Pharma
- Food & Beverages
- Chemicals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IoT For Cold Chain Monitoring Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
IoT for cold chain monitoring is the use of sensors and other devices to collect data about the temperature, humidity, and other conditions inside a cold chain facility. This information can then be used to make decisions about how to keep food safe and fresh.
Some of the key players operating in the iot for cold chain monitoring market are Huawei Technologies, HC Technologies, Aeris Communication, SenseGiz Inc., TE Connectivity, Zebra Technologies, Moschip Technologies Limited, Roambee Corporation, Laird Connectivity.
The iot for cold chain monitoring market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IoT For Cold Chain Monitoring Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 IoT For Cold Chain Monitoring Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IoT For Cold Chain Monitoring Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the IoT For Cold Chain Monitoring Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global IoT For Cold Chain Monitoring Market Size & Forecast, 2018-2028
4.5.1 IoT For Cold Chain Monitoring Market Size and Y-o-Y Growth
4.5.2 IoT For Cold Chain Monitoring Market Absolute $ Opportunity
Chapter 5 Global IoT For Cold Chain Monitoring Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 IoT For Cold Chain Monitoring Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software/Platform
5.2.3 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global IoT For Cold Chain Monitoring Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 IoT For Cold Chain Monitoring Market Size Forecast by Applications
6.2.1 Retail & Consumer Packaged Goods (CPG)
6.2.2 Healthcare & Pharma
6.2.3 Food & Beverages
6.2.4 Chemicals
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IoT For Cold Chain Monitoring Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 IoT For Cold Chain Monitoring Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America IoT For Cold Chain Monitoring Analysis and Forecast
9.1 Introduction
9.2 North America IoT For Cold Chain Monitoring Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America IoT For Cold Chain Monitoring Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software/Platform
9.6.3 Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America IoT For Cold Chain Monitoring Market Size Forecast by Applications
9.10.1 Retail & Consumer Packaged Goods (CPG)
9.10.2 Healthcare & Pharma
9.10.3 Food & Beverages
9.10.4 Chemicals
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe IoT For Cold Chain Monitoring Analysis and Forecast
10.1 Introduction
10.2 Europe IoT For Cold Chain Monitoring Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe IoT For Cold Chain Monitoring Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software/Platform
10.6.3 Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe IoT For Cold Chain Monitoring Market Size Forecast by Applications
10.10.1 Retail & Consumer Packaged Goods (CPG)
10.10.2 Healthcare & Pharma
10.10.3 Food & Beverages
10.10.4 Chemicals
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific IoT For Cold Chain Monitoring Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific IoT For Cold Chain Monitoring Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific IoT For Cold Chain Monitoring Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software/Platform
11.6.3 Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific IoT For Cold Chain Monitoring Market Size Forecast by Applications
11.10.1 Retail & Consumer Packaged Goods (CPG)
11.10.2 Healthcare & Pharma
11.10.3 Food & Beverages
11.10.4 Chemicals
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America IoT For Cold Chain Monitoring Analysis and Forecast
12.1 Introduction
12.2 Latin America IoT For Cold Chain Monitoring Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America IoT For Cold Chain Monitoring Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software/Platform
12.6.3 Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America IoT For Cold Chain Monitoring Market Size Forecast by Applications
12.10.1 Retail & Consumer Packaged Goods (CPG)
12.10.2 Healthcare & Pharma
12.10.3 Food & Beverages
12.10.4 Chemicals
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) IoT For Cold Chain Monitoring Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) IoT For Cold Chain Monitoring Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) IoT For Cold Chain Monitoring Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software/Platform
13.6.3 Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) IoT For Cold Chain Monitoring Market Size Forecast by Applications
13.10.1 Retail & Consumer Packaged Goods (CPG)
13.10.2 Healthcare & Pharma
13.10.3 Food & Beverages
13.10.4 Chemicals
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 IoT For Cold Chain Monitoring Market: Competitive Dashboard
14.2 Global IoT For Cold Chain Monitoring Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Huawei Technologies
14.3.2 HC Technologies
14.3.3 Aeris Communication
14.3.4 SenseGiz Inc.
14.3.5 TE Connectivity
14.3.6 Zebra Technologies
14.3.7 Moschip Technologies Limited
14.3.8 Roambee Corporation
14.3.9 Laird Connectivity
