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Growth Expected in Trailer and Cargo Container Tracking Markets — Berg Insight's New Report and Analysis

Growth Expected in Trailer and Cargo Container Tracking Markets — Berg Insight’s New Report and Analysis

Berg Insight[1] has released a new market report that covers the cargo tracking market — Trailer and Cargo Container Tracking[2]. The number of active tracking devices deployed for cargo loading units including trailers, intermodal containers, rail freight wagons, air cargo containers, cargo boxes and pallets reached 3.7 million worldwide in 2017. Growing at a compound annual growth rate (CAGR) of 19.6 percent, this number is expected to reach 8.9 million by 2022.

Trailer telematics is today the most developed market; however, in terms of installed units, the intermodal container tracking market is expected to take over the leading position during the forecasted period. The markets for rail freight wagon and air freight cargo tracking are considerably smaller but will grow substantially during the coming five years.

Growth Expected in Trailer and Cargo Container Tracking Markets — Berg Insight's New Report and Analysis

Berg Insight ranks ORBCOMM as the largest vendor of tracking solutions for cargo loading units, having a significant installed base of trailers as well as containers. The company has been highly involved in M&A activity related to real-time asset tracking, including notable acquisitions such as Blue Tree Systems, Euroscan and WAM Technologies.

ORBCOMM has been involved in the Maersk/AT&T project to equip Maersk’s entire fleet of nearly 300,000 refrigerated containers with real-time tracking solutions. The project is one of the largest cellular-based industrial IoT deployments of its kind. ORBCOMM is together with SkyBitz, Omnitracs, Spireon and I.D.

Systems the leading players on the North American trailer telematics market in terms of number of active units. The European trailer telematics market is considerably smaller than the North American and is dominated by Idem Telematics, Schmitz Cargobull and Novacom. On the market for container tracking solutions, two major vendors are Envotech and Numerex based in Malaysia and the US respectively.

Asto Telematics and Nexiot based in Europe and Amsted Rail based in North America are significant vendors of tracking solutions for rail freight wagons. Sensitech and Sendum Wireless are moreover notable players in the general cargo segment, also offering solutions for air freight cargo tracking.

Tracking of trailers, containers, rail wagons and cargo boxes has become increasingly common across all markets during the past years. Martin Backman, IoT Analyst at Berg Insight, said that the market for remote tracking solutions for cargo containers has entered a growth period that will continue for several years to come. He added that there will be a strong focus on increased supply chain visibility and transport security in the coming years and said that customers today demand and expect information about the status and location of their shipments in real-time and shippers who cannot provide this type of data will miss out on business opportunities.

Download the Trailer and Cargo Container Tracking report brochure at this direct link….[3]

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References

  1. ^ Berg Insight (www.berginsight.com)
  2. ^ Trailer and Cargo Container Tracking (www.berginsight.com)
  3. ^ Download the Trailer and Cargo Container Tracking report brochure at this direct link…. (www.berginsight.com)



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