Active cargo tracking units growth

June 2019 Asset Management, EAS, RFID, Logistics (Industry)

Berg Insight, an IoT market research provider, released a new market report covering the cargo tracking market. 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 6.1 million worldwide in 2018.

Growing at a compound annual growth rate (CAGR) of 27.3%, this number is expected to reach 20.4 million by 2023. Trailer telematics is today the most developed market, followed by tracking devices for general cargo applications and intermodal containers. The markets for rail freight wagon and air freight cargo tracking are considerably smaller but will grow substantially during the coming five years. The total market value for trailer and cargo container tracking solutions reached at the same time an estimated €857 million in 2018. The market for remote tracking solutions for cargo containers has entered a period of healthy growth that will continue for several years. Growing at a CAGR of 16.3%, the total market value is forecasted to reach €1.8 billion in 2023.

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. 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 substantially smaller than the North American and is dominated by Idem Telematics, Schmitz Cargobull, CLS Group and Transics/WABCO. On the market for container tracking solutions, three major vendors are Malaysia-based Envotech and Sierra Wireless and Geoforce based in the US. Mecomo and Agheera, both based in Europe, are strong vendors in the adjacent swap body segment.

Technological developments in the telematics industry in recent years have resulted in more advanced tracking solutions. “Today’s telematics solutions generate an increasing amount of data on the status and location of cargo and cargo loading units”, says Martin Bäckman, IoT analyst at Berg Insight. Along with the development of more capable tracking solutions, low-end solutions are becoming increasingly affordable. “The price for real-time tracking technology is now at a point where customers find it viable to track also low-value goods such as non-perishable food”, continues Bäckman. This enlarges the addressable market significantly and tracking of trailers, containers, rail wagons and cargo boxes is expected to become increasingly common in the next decade.

Download report brochure: Trailer and Cargo Container Tracking




Share this article:
Share via emailShare via LinkedInPrint this page



Further reading:

TAPA EMEA appoints Thorsten Neumann as president and CEO
July 2019, TAPA (Transported Asset Protection Association) , News, Asset Management, EAS, RFID
The Transported Asset Protection Association (TAPA) has appointed Thorsten Neumann as its first full-time president & CEO.

Read more...
Local manufacturing from Hissco International
May 2019, Hissco , Editor's Choice, Asset Management, EAS, RFID, News
Hissco International recently announced it has set up a local manufacturing partnership that will supply X-ray equipment to partners around the world.

Read more...
More than locking the door
April 2019, Technews Publishing, Salto Systems Africa, ZKTeco , Entertainment and Hospitality (Industry), Access Control & Identity Management, Asset Management, EAS, RFID
Electronic locks offer hotels far more than simply a more convenient way to manage doors, they can be integrated into a host of other systems and services.

Read more...
Biodegradable security seals for SA
April 2019, TruSeal , Editor's Choice, Asset Management, EAS, RFID, News, Security Services & Risk Management, Commercial (Industry)
The new TruSeal product extension is produced from a special biodegradable material sourced from Malaysia.

Read more...
TAPA 2019 conference: A layered approach to cargo security
April 2019, TAPA (Transported Asset Protection Association), Technews Publishing , News, Conferences & Events, Logistics (Industry)
   26 July 2019 Emperors Palace, Gauteng TAPA members: no charge (maximum of three delegates per member company) Non-TAPA members: R1780 excl VAT. The South African chapter of the Transported Asset ...

Read more...
Enabling smarter cash handling solutions
March 2019, Technews Publishing, Cash Connect , Editor's Choice, Asset Management, EAS, RFID
Modern retail cash management has evolved so far from the old ‘dumb’ safe that it has become an essential enabler of today’s business.

Read more...
Managing your farm manager
March 2019, Active Track , Asset Management, EAS, RFID, Agriculture (Industry)
The Active Track is a hand-held GPS and GSM-enabled unit, with a built-in RFID reader. Active Track rents the device with RFID tags which can be placed at important check-in points.

Read more...
The value of adopting TAPA’s warehousing standard
February 2019, Technews Publishing , Security Services & Risk Management, Logistics (Industry)
Hi-Tech Security Solutions looks at TAPA’s FSR (Facility Security Requirements) standards, which cover best practices for securing assets in storage.

Read more...
Seven resources every asset management solution should have
February 2019 , Asset Management, EAS, RFID
In order for corporate management to make decisions, plan for the future, and to take advantage of opportunities, a well-organised, up-to-date inventory of the company’s property base is necessary.

Read more...
The insider threat
February 2019, Secure Logistics , Asset Management, EAS, RFID, Integrated Solutions, Logistics (Industry)
Andre Du Venage says logistics operations need to pay more attention to criminal threats from insiders.

Read more...