Covid-19 Impact on Smart Container Market to Witness Steady Growth through 2026

July 05, 2021

Stratview Research announces the launch of a new research report on the Smart Container Market is Segmented by Offering Type (Hardware [Sensors, Connectivity Devices, and Telematics and Telemetry Devices], Software, and Services), by Technology Type (Global Positioning System, Cellular, Long Range Wide Area Network, Bluetooth Low Energy, and Others), by Vertical Type (Food & Beverages, Pharmaceutical, Oil & Gas, Chemical, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

The report calculates the short- and long-term ramifications of the COVID-19 pandemic on Smart Container Market consumption at the global, regional, and nation scales. The report also compares pre-COVID and post-COVID scenarios to evaluate the potential loss to the industry. The vital data provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.

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Report Features

The report delivers a detailed view of the industry based on global Smart Container Market size, market growth, and opportunities. The report also analyses market key aspects such as-

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Covid-19 Impact analysis.
• Market environment analysis: Growth drivers and constraints, and SWOT analysis.
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players

Highlights from the Report 

Smart container market is likely to witness an impressive CAGR of 16.9% during the forecast period. The key driving factors contributing to the demand for smart containers are the surge in adoption of IoT connected devices by major shipping companies and growing concerns regarding wastage of food and medical products due to temperature deviation, which in turn, are driving the growth of the market.

Regional Analysis:

In terms of regions, Europe is estimated to be the largest market during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. This growth can be attributed to the presence of major shipping companies in Europe, which demand for smart shipping container solutions. European ship-owners control over 40% of the world’s merchant fleet and operate shipping services across the globe, according to the European Community Shipowners’ Associations (ECSA). According to the United Nations Conference on Trade and Development (UNCTAD), Europe is the second-largest region, in terms of container port volumes, accounting for 16% share of the total world container port volumes, in 2017. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Go Through the Full Scope of the Report Here: https://www.stratviewresearch.com/toc/1451/smart-container-market.html

According to the report, the key players of the market are –

• Orbcomm
• Smart Containers Group AG
• Traxens
• Globe Tracker
• Nexiot AG
• Phillips Connect Technologies (Division of Phillips Industries)
• Sealand (Division of Maersk Group)
• Robert Bosch Manufacturing Solutions (Robert Bosch GmbH)
• Ambrosus
• Zillionsource Technologies Co., Ltd. (CISCO).

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Author : Meha Prasad