Global Cold Chain Tracking and Monitoring Market, By Offering (Hardware and Software), Temperature Type (Frozen and Chilled), Logistics (Storage and Transportation), Connectivity (Cellular, LoRaWAN, Sigfox, Bluetooth, and Others), Organization Size (Small & Medium Organization Size and Large Organization Size), End User (Pharmaceuticals & Healthcare, Food & Beverages, Chemicals, Agriculture, Manufacturing, and Others) - Industry Trends and Forecast to 2030.
Cold Chain Tracking and Monitoring Market Analysis and Insights
The global cold chain tracking and monitoring market is closely linked to the transportation and storage of perishable goods, such as fresh produce, pharmaceuticals, dairy products, seafood, and meat. These goods require specific temperature and humidity conditions to maintain their quality and safety throughout the supply chain, from production to consumption. In addition, Advancements in cold chain technologies play a pivotal role in driving the growth of market. These technological innovations continuously enhance the efficiency, safety, and reliability of transporting and storing perishable goods, meeting the evolving demands of the industry. The expansion of the pharmaceutical and healthcare industries has created significant opportunities for the market. Cold chain logistics refer to the management and transportation of temperature-sensitive products, such as vaccines, medicines, biopharmaceuticals, and other healthcare products, at specified temperature ranges to maintain their efficacy and quality.
Data Bridge Market Research analyzes that the global cold chain tracking and monitoring market is expected to reach a value of USD 13,787,336.06 thousand by 2030, at a CAGR of 15.5% during the forecast period.
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Report Metric |
Details |
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Forecast Period |
2023 to 2030 |
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Base Year |
2022 |
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Historic Years |
2021 (Customizable to 2015 – 2020) |
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Quantitative Units |
Revenue in USD thousand |
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Segments Covered |
Offering (Hardware and Software), Temperature Type (Frozen and Chilled), Logistics (Storage and Transportation), Connectivity (Cellular, LoRaWAN, Sigfox, Bluetooth, and Others), Organization Size (Small & Medium Organization Size and Large Organization Size), End User (Pharmaceuticals & Healthcare, Food & Beverages, Chemicals, Agriculture, Manufacturing, and Others) |
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Countries Covered |
U.S., Canada, Mexico, China, Japan, Australia, South Korea, Singapore, Thailand, Indonesia, Taiwan, Hong Kong, Malaysia, New Zealand, Philippines, Rest of Asia-Pacific, Germany, U.K. France, Spain, Belgium, Russia, Netherland, Italy, Turkey, Switzerland, Sweden, Denmark, Norway, Finland, Rest of Europe, U.A.E., Saudi Arabia, South Africa, Egypt, Qatar, Kuwait, Bahrain, Oman, Israel, Rest of Middle East and Africa, South America, Brazil, Argentina, and Rest of South America |
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Market Players Covered |
Carrier, Tive, Inc., Berlinger & Co. AG, Accent Advanced Systems, SLU., Digital Matter, ELPRO-BUCHS AG (A Subsidiary of Robert Bosch GmbH), Copeland LP., Trusted A/S, Roambee Corporation, SenseGiz, Hanhaa, EnrichAI, Monnit Corporation, ORBCOMM (Subsidiary of GI Partners), UnaBiz, Cooltrax, Infratab, Inc, Controlant, and Kizy Tracking SA (A subsidiary of Spectos Group), and AKCP among others. |
Market Definition
Cold chain tracking and monitoring refers to the process of closely monitoring and managing the transportation and storage of temperature-sensitive products to ensure that they are kept within the required temperature range throughout the entire supply chain. The cold chain refers to a temperature-controlled supply chain that includes the handling of perishable goods, pharmaceuticals, vaccines, and other temperature-sensitive products. The goal of cold chain tracking and monitoring is to preserve the quality, safety, and efficacy of these products by preventing temperature excursions that could compromise their integrity. Temperature-sensitive products may be subject to degradation or spoilage if exposed to temperatures outside their specified range. For instance, vaccines can lose potency, and perishable foods can spoil if not kept at the right temperature during transportation and storage.
Global Cold Chain Tracking and Monitoring Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Driver
- Growing Demand for Perishable Goods
The global cold chain tracking and monitoring market is closely linked to the transportation and storage of perishable goods, such as fresh produce, pharmaceuticals, dairy products, seafood, and meat. These goods require specific temperature and humidity conditions to maintain their quality and safety throughout the supply chain, from production to consumption.
Opportunity
- Expansion of Pharmaceutical and Healthcare Industries
The expansion of the pharmaceutical and healthcare industries has created significant opportunities for the market. Cold chain logistics refer to the management and transportation of temperature-sensitive products, such as vaccines, medicines, biopharmaceuticals, and other healthcare products, at specified temperature ranges to maintain their efficacy and quality.
Challenges/ Restraints
- Extreme Weather Conditions and Unforeseen Natural Disasters
Extreme weather conditions and unforeseen natural disasters can pose significant challenges and constraints to the market. The cold chain refers to the process of transporting and storing temperature-sensitive goods, such as perishable foods, pharmaceuticals, and vaccines, in a temperature-controlled environment to ensure their quality and safety.
- Data Security and Privacy Concerns
Digital Data security and privacy concerns can have significant implications for the market. The cold chain industry involves the transportation and storage of temperature-sensitive products, such as pharmaceuticals, vaccines, food items, and chemicals, among others. Ensuring the integrity and safety of these products throughout the supply chain is crucial, and it heavily relies on data monitoring and tracking technologies.
Recent Developments
- In July 2023, UnaBiz and Soracom signed a Global IoT Distribution Agreement to offer cellular connectivity to UnaBiz's customers. The collaboration aims to provide pervasive Global IoT Network Coverage from 0G to 5G, enabling massive IoT deployments. This collaboration strengthens the companies' shared vision of enabling IoT at scale, supporting business objectives, and promoting sustainability through ESG (Environmental, Social, and Governance) goals
- In July 2023, Digital Matter's Hawk IoT Data Logger has been awarded the 2023 IoT Evolution Product of the Year Award, showcasing the company's exceptional innovation in the IoT sensor monitoring market. The Hawk offers a flexible and simplified approach to remote monitoring solutions, reducing costs and complexity for users. This award highlights the company's commitment to delivering exceptional products and driving innovation forward
Global Cold Chain Tracking and Monitoring Market scope
The global cold chain tracking and monitoring market is segmented into six notable segments based on offering, temperature type, logistics, connectivity, organization size, and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Offering
- Hardware
- Software
On the basis of offering, the market is segmented into hardware and software.
Temperature type
- Frozen
- Chilled
On the basis of temperature type, the market is segmented into frozen and chilled.
Logistics
- Storage
- Transportation
On the basis of logistics, the market is segmented into storage and transportation.
Connectivity
- Cellular
- Lorawan
- Sigfox
- Bluetooth
- Others
On the basis of connectivity, the market is segmented into cellular, lorawan, sigfox, bluetooth, and others.
Organization size
- Small & medium organization size
- Large organization size
On the basis of application, the market is segmented into small & medium organization size and large organization size.
End-User
- Pharmaceuticals & healthcare
- Food & beverages
- Chemicals
- Agriculture
- Manufacturing
- Others
On the basis of end-user, the market is segmented into pharmaceuticals & healthcare, food & beverages, chemicals, agriculture, manufacturing, and others.
Global Cold Chain Tracking and Monitoring Market Regional Analysis/Insights
The global cold chain tracking and monitoring market is segmented into six notable segments based on offering, temperature type, logistics, connectivity, organization size, and end user.
The countries covered in this market report U.S., Canada, Mexico, China, Japan, Australia, South Korea, Singapore, Thailand, Indonesia, Taiwan, Hong Kong, Malaysia, New Zealand, Philippines, rest of Asia-Pacific, Germany, U.K. France, Spain, Belgium, Russia, Netherland, Italy, Turkey, Switzerland, Sweden, Denmark, Norway, Finland, rest of Europe, U.A.E., Saudi Arabia, South Africa, Egypt, Qatar, Kuwait, Bahrain, Oman, Israel, rest of Middle East and Africa, South America, Brazil, Argentina, and rest of South America.
North America is expected to dominate due to the well-established food and pharmaceutical sector, which creates a high demand for cold chain tracking and monitoring solutions in various applications. The U.S. is expected to grow due to a rise in technological advancement in the market. The U.S. is expected to dominate the North America region due to the strong presence of key players. Germany is expected to dominate the Europe region due to the increasing demand from emerging markets and expansion. China is expected to dominate the Asia-Pacific region due to increasing customer inclinations toward recording devices.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Cold Chain Tracking and Monitoring Market Share Analysis
The global cold chain tracking and monitoring market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, product width and breadth, application dominance, and product type lifeline curve. The above data points provided are only related to the company’s focus on the market.
Some of the major market players operating in the global cold chain tracking and monitoring market are Carrier, Tive, Inc., Berlinger & Co. AG, Accent Advanced Systems, SLU., Digital Matter, ELPRO-BUCHS AG (A Subsidiary of Robert Bosch GmbH), Copeland LP., Trusted A/S, Roambee Corporation, SenseGiz, Hanhaa, EnrichAI, Monnit Corporation, ORBCOMM (Subsidiary of GI Partners), UnaBiz, Cooltrax, Infratab, Inc, Controlant, and Kizy Tracking SA (A subsidiary of Spectos Group), and AKCP among others.
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