Installed base of active cargo tracking units will reach 8.9 million by 2022

Posted by Daily Shipping Times on 09-05-2018        Tweet

GOTHENBURG: Berg Insight, the world’s leading IoT market research provider, recently 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 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.

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 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. 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.