According to this latest publication from Meticulous Research®, the global smart containers market is projected to reach $16.9 billion by 2030, at a CAGR of 20.1% from 2024 to 2030. The growth of this market is driven by the growing focus on optimizing logistics and reducing costs, the rising need for enhanced supply chain visibility and transparency, and growing concerns over cargo security and counterfeiting. Additionally, the growing adoption of cloud-based platforms for smart container management and the increasing applications of smart container technologies in healthcare and agriculture sectors are expected to create market growth opportunities. However, the high implementation cost of smart container technologies restrains the growth of this market. The infrastructure and connectivity issues in remote locations are major challenges for the players operating in this market.
