Berg Insight, the world’s leading Internet of Things market research provider, today released a new market report covering the trailer and cargo container tracking market.
quantity Active tracking device deployed for cargo loading unit The number of global containers including trailers, intermodal containers, railway wagons, air containers, cargo boxes and pallets will reach 9.3 million in 2020. The compound annual growth rate (CAGR) is 25.3%, which is expected to reach 28.9 million by 2025. In terms of installation units, trailer telematics is the most developed market today, followed by tracking equipment for general cargo applications and intermodal containers.
The market for railway trucks and air cargo container tracking solutions is much smaller, but it is estimated to grow substantially in the next five years. The total market value of trailer and cargo container tracking solutions in 2020 is estimated to reach 1.2 billion euros. With a compound annual growth rate of 16.0%, the total market size is expected to reach 2.5 billion euros by 2025.
Berg Insight ranks ORBCOMM as the largest Tracking solution for cargo loading unit, Has a large number of trailers and container installation bases. ORBCOMM, together with SkyBitz, Spireon, CalAmp, PowerFleet and Samsara, is the leader in the number of active units in the North American trailer telematics market.
The European trailer telematics market is much smaller than North America, and is dominated by ORBCOMM, Idem Telematics, Schmitz Cargobull, Transics/WABCO and Novacom Europe. Maersk Line is the largest multimodal container tracking company. Other leading companies in this field include Envotech, ORBCOMM, TRAXENS, ZillionSource and Globe Tracker. Both Mecomo and Agheera are located in Europe and are strong suppliers in the field of adjacent interchangeable bodies. Nexxiot, Siemens, SAVVY and DOT Telematik located in Europe and Amsted Rail located in North America are important suppliers of railway freight car tracking solutions. Sensitech, Roambee, Tive, OnAsset Intelligence and Controlant are well-known companies in the general freight field and also provide air freight tracking solutions.
Although the global COVID-19 pandemic and semiconductor shortage are a challenge for tracking suppliers, they also highlight the importance of reliable and up-to-date transportation data for fleet owners, shippers, transporters and other participants in the logistics industry sex. There is an increasing demand for asset tracking and cargo condition monitoring solutions. New solutions and features have also been introduced on the market.
“The trailer and cargo container tracking industry is now rapidly developing, from only providing location tracking to providing a complete view of the trailer, container and cargo status”, Said Martin Backman, senior analyst at Berg Insight. This is especially true in the trailer tracking market, where a large number of new connectivity solutions have emerged in the past few years, covering cargo loading, braking systems, tires, lights and other trailer systems.
Mr. Buckman concluded:
“The key to the success of a tracking solution provider is to understand all the data and provide easy-to-use tools to help increase the utilization of trailers and cargo containers, identify recurring problems in the supply chain, and save costs.”
