Global Cold Chain Monitoring Market Size Study by Offering (Hardware, Software), Logistics (Storage, Transportation), Application (Pharmaceuticals & Healthcare, Chemicals), Temperature, and Regional Forecasts 2022-2032

Description

The Global Cold Chain Monitoring Market is valued at approximately USD 6.18 billion in 2023 and is poised to exhibit an impressive compound annual growth rate (CAGR) of 16.6% over the forecast period from 2024 to 2032. Cold chain monitoring represents a vital component of modern supply chain systems, ensuring the integrity of temperature-sensitive goods across sectors like pharmaceuticals, healthcare, and chemicals. With the growing demand for precise temperature regulation, especially in vaccine distribution and food safety, cold chain monitoring systems have become indispensable.

Advancements in IoT-enabled devices, coupled with the integration of AI-driven analytics, have revolutionized cold chain monitoring. These technologies offer real-time tracking of temperature, humidity, and other critical parameters, significantly reducing spoilage and ensuring compliance with stringent regulatory standards. Additionally, the adoption of energy-efficient hardware and cloud-based software solutions is shaping the market's growth trajectory, aligning with the sustainability goals of industries worldwide.

The market's growth is further fueled by rising government investments in healthcare infrastructure and the increasing penetration of e-commerce platforms, which demand sophisticated logistics solutions for frozen and perishable goods. However, challenges such as high installation costs and complexities in managing diverse cold chain systems across global operations may impede growth during the forecast period.

Geographically, North America dominates the global market due to its robust healthcare sector and widespread adoption of advanced monitoring technologies. Meanwhile, Asia Pacific is expected to witness the fastest growth, driven by rapid industrialization, rising consumer demand for fresh and safe products, and expanding pharmaceutical manufacturing capacities in countries like China and India.

Major companies operating in the market include:

Sensitech Inc.
Monnit Corporation
ORBCOMM Inc.
Emerson Electric Co.
Berlinger & Co. AG
Testo SE & Co. KGaA
Controlant
Elpro-Buchs AG
NXP Semiconductors N.V.
Zest Labs, Inc.
Signatrol Ltd.
Infratab, Inc.
Savi Technology
Rotronic AG
Hanwell Solutions Ltd.

The detailed segments and sub-segments of the market are explained below:

By Offering:

Hardware
Software

By Logistics:

Storage
Transportation

By Application:

Pharmaceuticals & Healthcare
Chemicals

By Temperature:

Frozen
Chilled

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year: 2022
Base year: 2023
Forecast period: 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with country-level insights into major regions.
Competitive landscape overview and information on prominent players in the market.
Analysis of key business strategies and actionable recommendations for future market approaches.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Cold Chain Monitoring Market Executive Summary

1.1. Global Cold Chain Monitoring Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Offering, Logistics, Application, and Temperature
- 1.3.2. By End Use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Cold Chain Monitoring Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Cold Chain Monitoring Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand for Temperature-Controlled Supply Chains
- 3.1.2. Advancements in IoT-enabled and AI-Driven Monitoring Technologies
- 3.1.3. Rising Emphasis on Regulatory Compliance and Product Integrity
3.2. Market Challenges
- 3.2.1. High Installation and Maintenance Costs
- 3.2.2. Complexities in Managing Diverse Cold Chain Systems
3.3. Market Opportunities
- 3.3.1. Expansion into Emerging Markets and New Sectors
- 3.3.2. Innovative Product Development and Integration of Sustainable Solutions
- 3.3.3. Strategic Partnerships and Technological Collaborations

Chapter 4. Global Cold Chain Monitoring Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Cold Chain Monitoring Market Size & Forecasts by Offering, Logistics, Application, and Temperature (2022-2032)

5.1. Segment Dashboard
5.2. Global Cold Chain Monitoring Market: Segment Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. By Offering
  - 5.2.1.1. Hardware
  - 5.2.1.2. Software
- 5.2.2. By Logistics
  - 5.2.2.1. Storage
  - 5.2.2.2. Transportation
- 5.2.3. By Application
  - 5.2.3.1. Pharmaceuticals & Healthcare
  - 5.2.3.2. Chemicals
- 5.2.4. By Temperature
  - 5.2.4.1. Frozen
  - 5.2.4.2. Chilled

Chapter 6. Global Cold Chain Monitoring Market Size & Forecasts by End Use (2022-2032)

6.1. Segment Dashboard
6.2. Global Cold Chain Monitoring Market: End Use Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)

Chapter 7. Global Cold Chain Monitoring Market Size & Forecasts by Region (2022-2032)

7.1. North America Cold Chain Monitoring Market
- 7.1.1. U.S. Market
  - 7.1.1.1. Segment Breakdown by Offering, Logistics, Application, and Temperature, 2022-2032
- 7.1.2. Canada Market
7.2. Europe Cold Chain Monitoring Market
- 7.2.1. UK Market
- 7.2.2. Germany Market
- 7.2.3. France Market
- 7.2.4. Spain Market
- 7.2.5. Italy Market
- 7.2.6. Rest of Europe Market
7.3. Asia-Pacific Cold Chain Monitoring Market
- 7.3.1. China Market
- 7.3.2. India Market
- 7.3.3. Japan Market
- 7.3.4. Australia Market
- 7.3.5. South Korea Market
- 7.3.6. Rest of Asia-Pacific Market
7.4. Latin America Cold Chain Monitoring Market
- 7.4.1. Brazil Market
- 7.4.2. Mexico Market
- 7.4.3. Rest of Latin America Market
7.5. Middle East & Africa Cold Chain Monitoring Market
- 7.5.1. Saudi Arabia Market
- 7.5.2. South Africa Market
- 7.5.3. Rest of Middle East & Africa Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Sensitech Inc.
- 8.1.2. Monnit Corporation
- 8.1.3. ORBCOMM Inc.
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Sensitech Inc.
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Monnit Corporation
- 8.3.3. ORBCOMM Inc.
- 8.3.4. Emerson Electric Co.
- 8.3.5. Berlinger & Co. AG
- 8.3.6. Testo SE & Co. KGaA
- 8.3.7. Controlant
- 8.3.8. Elpro-Buchs AG
- 8.3.9. NXP Semiconductors N.V.
- 8.3.10. Zest Labs, Inc.
- 8.3.11. Signatrol Ltd.
- 8.3.12. Infratab, Inc.
- 8.3.13. Savi Technology
- 8.3.14. Rotronic AG
- 8.3.15. Hanwell Solutions Ltd.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes