Meticulous Research® recently published a report titled “Smart Containers Market by Offering (Hardware, Software, Services), Type (Reefer, Dry), Size (20, 40), Technology (AI, Blockchain, IoT), Application (Asset Tracking & Management, Supply Chain Optimization), Sector, and Geography – Global Forecast to 2030.” According to this report, the global smart containers market is projected to reach $16.9 billion by 2030, growing at a CAGR of 20.1% from 2024 to 2030. Key drivers for this growth include the emphasis on optimizing logistics and reducing costs, enhanced supply chain visibility, and heightened concerns over cargo security.
The market segmentation highlights software as the leading offering in 2024, attributed to increasing demand for data analytics and cloud-based solutions. Dry containers are anticipated to dominate the type segment, driven by e-commerce growth and general cargo transportation needs. Conversely, reefer containers are expected to see the highest growth due to the demand for maintaining product freshness, particularly for perishables and pharmaceuticals.
In terms of size, 40-foot containers will likely hold the largest market share due to their versatility in transporting diverse goods. The Internet of Things (IoT) is projected to lead the technology segment, with a focus on real-time container monitoring. However, blockchain technology is expected to experience the highest CAGR, enhancing traceability and authenticity.
The asset tracking and management application is poised to lead the market, driven by the need for real-time visibility and cost reduction. Retail and e-commerce will represent the largest sector share, while the food and beverage sector is predicted to grow the fastest due to smart containers’ ability to ensure product quality and safety. Geographically, Asia-Pacific is expected to dominate, supported by a robust industrial base and stringent regulatory requirements.