Image

Global Cold Chain Tracking and Monitoring Market – Industry Trends and Forecast to 2029

  • Semiconductors and Electronics
  • Upcoming Report
  • Mar 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Cold Chain Tracking and Monitoring Market, By System (Hardware, Software), Logistics Solution (Storage, Transportation), End User (Healthcare, Pharmaceuticals, Food and Beverage, Chemical, Others) – Industry Trends and Forecast to 2029

Cold Chain Tracking and Monitoring Market

Market Analysis and Size

Shipping temperature-controlled goods from the point of origin to the end of consumption is a complex process. This is because of the constant requirement of refrigeration and a quality management system. Effective cold chain tracking and monitoring could be one of the most significant contributors to a company's success. Monitoring product location and collecting critical asset data, including humidity and temperature in real-time within a centralized interface.

  • Data Bridge Market Research analyses that the cold chain tracking and monitoring market is expected to reach USD 1,184.40 billion by 2029, at a CAGR of 14.01% during the forecast period of 2022-2029. "Hardware" accounts for the most prominent system segment in the respective market owing to its applications in tracking and monitoring cold chains for various goods across end-user industries.

Market Definition

Cold chain tracking and monitoring refer to the process of maintaining a given temperature range of products and tracking perishable products with the help of a series of controlling devices and sensors. Maintaining optimum temperature becomes crucial to avoid changes in quality, texture, and taste among cold chain products and drugs. Cold chain tracking and monitoring is highly beneficial for pharmaceutical manufacturers dealing with sensitive products.

Covid-19 Impact on Cold Chain Tracking and Monitoring Market

The market has witnessed low growth in the first three-quarters of 2020-2021 due to the closure of workplaces, adoption of work from home, and restrictions on travel. But, a steady recovery has been assumed during the last quarter of 2020-2021.

Healthcare Interoperability Solutions Market Dynamics

Drivers

  • High focus on quality and product sensitivity

The increased focus on quality and product sensitivity in past years across food and beverages and pharmaceutical manufacturers is one of the major factors driving the growth of the cold chain tracking and monitoring market.

  • Global demand for temperature-sensitive drugs

The demand for heat-sensitive health products such as vaccines, derived blood products, drugs, insulin, and oncology products increases globally, as stated by the International Institute of Refrigeration (IIR). The rise in demand for temperature-sensitive drugs dependent on particular temperature ranges for chemical stability accelerates market growth.

  • Government emphasizing policies that impact supply chain efficiency

Different governments' initiatives further influence cold chain tracking and monitoring by enhancing foreign investments and subsidies, among others.

Additionally, the surge in investments, high demand for generic drugs owing to higher accessibility, and the need to reduce food wastage positively affect the cold chain tracking and monitoring market.

Opportunities

Furthermore, the adoption of automation and cold storage technologies for better control of warehouse assets extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the availability of cold chain logistics in developing countries will further expand the cold chain tracking and monitoring market in the future.

Restraints/Challenges

On the other hand, high costs associated with the implementation and complexities of installing and monitoring cold chain monitoring solutions are expected to obstruct market growth. Also, environmental concerns regarding greenhouse gas emissions are projected to challenge the cold chain tracking and monitoring market in the forecast period of 2022-2029.

This cold chain tracking and monitoring market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cold chain tracking and monitoring market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

  • Sensitech Inc. (US) launched new products, including TempTale GEO Ultra and its Dry Ice variant, in February 2021. The Dry Ice variant can monitor the -95◦C to +55◦C temperature range and is linked with ColdStream Select like TempTale GEO Ultra. There is no requirement of IATA (international air transport association) dangerous goods label as the newly launched products include an alkaline non-lithium battery.

Global Cold Chain Tracking and Monitoring Market Scope

The cold chain tracking and monitoring market is segmented on the basis of system, logistic solution and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

System

  • Hardware
  • Software

On the basis of system, the cold chain tracking and monitoring market is segmented into hardware and software. Hardware is further segmented into sensors, data loggers, RFID devices, and others. Software is further segmented into cloud based and on-premises.

Logistic Solution

  • Storage
  • Transportation

On the basis of logistic solution, the cold chain tracking and monitoring market is segmented into storage and transportation. Storage is further segmented into warehouse and cold container. Transportation is further segmented into airways, waterways, railways, and roadways.

End User

  • Healthcare
  • Pharmaceuticals
  • Food and Beverage
  • Chemical
  • Others

On the basis of end user, the cold chain tracking and monitoring market is segmented into healthcare, pharmaceuticals, food and beverage, chemical and others. Food and Beverages dominates the market and is expected to witness highest growth in the coming years due to the rise in focus on health, quality, and overall integrity of products.

Cold Chain Tracking and Monitoring Market Regional Analysis/Insights

The cold chain tracking and monitoring market is analyzed and market size insights and trends are provided by country, system, logistic solution and end user as referenced above.

The countries covered in the cold chain tracking and monitoring market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the cold chain tracking and monitoring market because of the demand for chilled and frozen food products and the high demand for dairy products, vegetables, and fruits within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the growth in chemical industry, and rapid development in the chemicals and pharmaceutical industry in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the 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, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Cold Chain Tracking and Monitoring Market Share Analysis

The cold chain tracking and monitoring market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cold chain tracking and monitoring market.

Some of the major players operating in the cold chain tracking and monitoring market are Sensitech Inc., ELPRO-BUCHS AG, Berlinger & Co. AG, SecureRF Corporation, Monnit Corporation, Savi Technology, Controlant, Americold, ORBCOMM, LINEAGE LOGISTICS HOLDING, LLC, Klinge Corporation, DAIKIN INDUSTRIES, Ltd., Tippmann Group / Interstate Warehousing, Maven Systems Pvt. Ltd., Tagbox, and Zest Labs, Inc, among others.

Research Methodology : Global Cold Chain Tracking and Monitoring Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available : Global Cold Chain Tracking and Monitoring Market

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

CHOOSE LICENCE TYPE
  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00
Why Choose Us
Unlocking New Opportunities on this Report Post Covid-19

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions



Frequently Asked Questions