The smart shipping container market will grow at a compound annual growth rate of 18.4% in the years to come, to touch a value of USD 15,341.5 million by 2030.
Hardware category was the leader of the industry, with about 50%, and it will grow at the highest rate in the years to come, as a result of the wide-ranging usage of diverse components for monitoring and tracking use.
GPS is the industrial dominator due to its role in monitoring and tracking the package. The live data tracking by contemporary GPS and cellular modem tech is of inordinate help for the control centers complicated in cultivating transportation management.
Food & beverage will grow at the highest rate of, over 20%, because of the growing requirement for packaged and perishable food all over the world. The emphasis of persons is shifting from home-made to ready-to-eat food, driving the necessity for smart marine transportation solutions for eatables.
As a result of this, large amounts of food & beverages decay, therefore subsequent in heavy losses of revenue to the sector. The usage of smart marine transport solutions allows food & beverage corporations for reducing this risk through remotely altering the climatic circumstances in the container.
Germany led the industry in Europe, and it will power with a rate of 18%, credited to the fast acceptance of cutting-edge technologies, as well as AI, ML, and IoT.
