Global Container Security and Tracking Market 2018-2022

Technavio’s market research analysts have predicted that the container security and tracking market will register a CAGR of over 21% by 2022. This industry research report presents a comprehensive analysis of the global container security and tracking market by technology such as RFID and RTLS. The report also presents a detailed analysis of the market’s growth prospects across regions such as the Americas, APAC, and EMEA.

The infographic below contains key findings from our analysis of the container security and tracking market

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Global Container Security and Tracking Industry Overview

Technavio’s analysts have identified the growing containerized seaborne trade to be one of major factors driving market growth. According to the estimation of the World Bank, the global GDP growth of 3.1% registered in 2017 is estimated to remain the same in 2018. Factors such as increasing trade activities and economic output will boost the growth of the global seaborne trade that demands the use of containers for the transportation of goods. Also, the demand for containerized trade increased owing to the need for ensuring the unitization and high security of cargo during the transit. The volume of international containerized trade grew steadily from 1.28 billion tons in 2010 to 1.72 billion tons in 2016. With the increased use of containers in the seaborne trade, the demand for container tracking and security systems has increased. These systems aid in improving the traceability, efficiently, and security of the containers, that improves the overall performance of the supply chain.

Companies covered 

The container security and tracking market is fairly fragmented with the presence of numerous companies offering various ship trackers and security and tracking systems. The container security and tracking industry analysis report guides clients toward identifying and implementing growth strategies to attain competitive advantage in the cargo container security market. This report offers a complete analysis of the competitiveness of the container tracking system providers along with the products offered by the marine tracker companies.

The report offers a complete analysis of a number of companies including:

• Honeywell International
• IBM
• Kirsen Global Security
• ORBCOMM
• Starcom Systems  

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Container security and tracking market growth based on geographic regions

• Americas
• APAC
• EMEA

Our industry research analysts estimate that regions in the Americas will be the major revenue contributors to the cargo container security market throughout the predicted period. The presence of several manufacturing industries such as US, Canada, and Mexico, contribute to the growth of the container security and tracking market in this region.

Container security and tracking market growth based on technology

• RFID
• RTLD

According to our market research experts, the RFID technology segment will account for the major shares of the cargo container security market till the end of the forecast period.  The radio frequency identification (RFID) technology is gaining popularity in the market owing to the increasing implementation in reefer containers for temperature and location monitoring, driving the container security and tracking market size.

Key highlights of the global container security and tracking market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the container security and tracking market during the next five years
• Precise estimation of the global container security and tracking market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the container security and tracking industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of container security and tracking companies

Want to dial in on a specific region or segment? We can help! Our analysts can customize this container security and tracking market research report to meet your requirements. Get in touch

This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global container security and tracking market and its stakeholders over the forecast years.

Market research analysts at Technavio have also considered how the performance of other related markets in the vertical will impact the size of this market till 2022. Some of the markets most likely to influence the growth of the container security and tracking market over the coming years are the intelligent transport system market and the refrigerated sea transportation market.

Technavio also provides customized reports based on the specific requirements of clients.