Asia Pacific Container Monitoring Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.26 Billion |
| Market Size (2029) | USD 4.82 Billion |
| CAGR (2024 - 2029) | 16.38 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Asia Pacific Container Monitoring Market Analysis
The Asia Pacific Container Monitoring Market size is estimated at USD 2.26 billion in 2024, and is expected to reach USD 4.82 billion by 2029, at a CAGR of 16.38% during the forecast period (2024-2029).
- Surging regional demand for digital transformation and the widespread adoption of DevOps are set to significantly boost the growth of the container monitoring market. Additionally, the allure of cost-effectiveness and heightened productivity, combined with the rising popularity of containers and microservices, are driving this market forward. The adoption of trending technologies, especially containerized applications, not only enhances service speed and agility but also fuels the expansion of the container monitoring market.
- Moreover, the increasing exports and imports from the Asia Pacific to various global regions present a growth opportunity for the studied market. For instance, data from the Japan Foreign Trade Council highlights Japan's significant strides in trade openness over recent decades, largely driven by its market liberalization efforts and expanded trade relations.
- Notably, while Japan has established numerous bilateral agreements, the U.S. and China emerge as its dominant export destinations. In 2023, the United States received 20.1% of Japan's exports, closely followed by China at 17.6%, with general and electrical machinery leading the commodities exported to the East Asian nation.
- Monitoring containers is complicated by their frequent use of both physical and virtual resources. This shared usage can lead to resource contention and performance bottlenecks, which are often hard to pinpoint. Traditional monitoring tools frequently lack the granularity needed for in-depth resource utilization analysis.
- Thus, effective container monitoring solutions must adeptly dissect and attribute resource usage to individual containers. Understanding resource allocation and consumption at the container level is crucial for optimizing performance and ensuring fair resource distribution.
- As exports and imports rise and e-commerce expands, companies are increasingly deploying container monitoring solutions. This trend is driving market players to innovate and develop new products to capture a larger market share.
Asia Pacific Container Monitoring Market Trends
Container Monitoring to be a Key Driver for Growth in Logistics and Supply Chain Management
- Container monitoring technologies are revolutionizing logistics and supply chain management by tracking shipping containers in transit. This ensures goods flow seamlessly through supply chains. By collecting real-time data on container location, condition, and environment, these technologies enhance visibility, efficiency, and decision-making in shipping.
- Logistics and supply chain operations are increasingly adopting advanced container monitoring technologies in Asia and the Pacific. Innovations like IoT (Internet of Things), RFID (Radio Frequency Identification), and cloud computing have become essential for managing container fleets. These technologies provide real-time insights into container location, temperature, humidity, and shock levels. Such data is vital for industries handling perishable or sensitive products, including food and pharmaceuticals. With these monitoring solutions, companies can swiftly address deviations or risks, minimizing cargo damage or delays and boosting customer satisfaction.
- Key drivers like rising trade volumes, digitalization, sustainability initiatives, and the surge in cross-border e-commerce are fueling the market's rapid growth. As businesses aim for greater efficiency, cost reduction, and transparency in supply chain operations, the significance of container monitoring technologies in the region's logistics landscape is undeniable.
- Container monitoring plays a crucial role in e-commerce operations by offering visibility and control over the infrastructure that powers online platforms. Containers enable e-commerce platforms to scale and manage high traffic during peak times. By monitoring these containers, businesses can ensure their applications run efficiently, minimizing downtime and slowdowns.
- For instance, according to the Statistics Bureau of Japan, in 2023, more than 53% of multi-person households in Japan engaged in online shopping, maintaining levels consistent with the prior year. Over recent years, the adoption of e-commerce services has seen a steady uptick among households, with fashion and electronics emerging as the dominant categories for online purchases.
- Moreover, the integration of IoT, AI, and blockchain in container monitoring applications promises to further accelerate this growth, solidifying Asia and the Pacific's position as a dominant player in this market segment.
China Holds Major Market Share
- China's container monitoring market is experiencing robust growth, fueled by advancements in logistics infrastructure, the surge of e-commerce, sustainability initiatives, technological integration, strategic maritime positioning, and collaborative innovation. These elements collectively underscore China's dominant role in the Asia Pacific container monitoring landscape, establishing the nation as a frontrunner in adopting and implementing state-of-the-art container monitoring technologies. The National Bureau of Statistics of China reported that e-commerce accounted for approximately 27.6% of China's total retail sales in 2023.
- China's expanding container monitoring segment plays a pivotal role in shaping the Asia Pacific container monitoring market. This growth is underscored by China's strategic significance in global trade and logistics. Given China's vast geography and its stature as the world's leading exporter and manufacturing hub, there's a pressing need for sophisticated container monitoring systems to bolster operational efficiency and ensure supply chain transparency.
- In September 2024, the Shanghai Municipal Transportation Commission and Shanghai International Port Group unveiled the International Container Transport Service Platform (MaaS) system. This innovative system facilitates data queries for container trucks and ships at 18 export nodes and 14 import nodes in the international container transport process. Furthermore, it establishes a sea-rail intermodal logistics information network that spans 40 cities across nine provinces. Notably, the system can expedite the order exchange process, reducing it from 1-2 days to a mere 3-4 minutes.
- Heightened awareness of supply chain sustainability and stringent environmental regulations are driving Chinese companies to embrace advanced container monitoring systems. With regulatory bodies enforcing stricter waste management and emission guidelines, organizations are turning to technologies that optimize transportation routes and minimize carbon footprints. Advanced analytics and AI-equipped container monitoring solutions empower companies to evaluate their logistics operations, pinpoint areas for enhancement, and thus ensure compliance with environmental standards while boosting overall efficiency.
Asia Pacific Container Monitoring Industry Overview
The Asia Pacific Container Monitoring is fragmented due to the presence of several players. Several key players across the market are constantly making efforts to bring advancements that are set to boost the demand for applications and others. A few companies enter collaborations and expand their footprints to strengthen their positions.
Major players such as ORBCOMM Inc, Geoforce, Inc., Globe Tracker, ApS., Phillips Connect Technologies (Phillips Industries, Inc.), Emerson Electric Co. are utilizing mergers and acquisitions as well as product innovations to maintain a competitive edge and grow their global presence.
Enterprises across the region are increasingly embracing container technologies to enhance scalability, agility, and cost-efficiency in their software development and deployment processes. This shift is spurring the demand for advanced container monitoring solutions to ensure the optimal performance, security, and reliability of these complex and dynamic infrastructures.
Asia Pacific Container Monitoring Market Leaders
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ORBCOMM Inc.
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Geoforce, Inc.
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Globe Tracker, ApS.
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Phillips Connect Technologies (Phillips Industries, Inc.)
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Emerson Electric Co.
*Disclaimer: Major Players sorted in no particular order
Asia Pacific Container Monitoring Market News
- September 2024: ZIM Integrated Shipping Services Ltd., a container liner shipping company, announced that it has entered into a new long-term operational cooperation with Mediterranean Shipping Company (MSC) on the Asia - US East Coast and Asia - US Gulf trades. The new services are scheduled to be launched in February 2025, subject to regulatory approvals and filings. This important collaboration reflects ZIM's commitment to both delivering an outstanding shipping solution to its customers and taking continuous proactive steps to enhance efficiencies in their network. It is the direct outcome of their fleet renewal program which has greatly enhanced ZIM's competitive position, particularly on the Asia to US East Coast trade
- September 2024: Kalmar has signed an agreement with ContainerCo, a key independent container depot operator in New Zealand, to supply six Kalmar empty container handlers. ContainerCo has grown to become one of the key independent container depots in New Zealand, offering an extensive range of products and services to countless commercial and private customers. The company’s offering includes shipping container sales and leasing, container modification, depot services and container transportation services. The current ContainerCo fleet includes 12 Kalmar empty container handlers.
Asia Pacific Container Monitoring Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Surge in Advanced Containment Materials and Structural Innovations
4.2.2 Increase in Seaborne Trade
4.2.3 Increase in Demand to Enhanced Supply Chain Efficiency
4.3 Market Challenges
4.3.1 Increasing costs Associated with Complexity
4.3.2 Data Privacy and Security Concerns
4.4 Technology Trends
4.4.1 Increased Connectivity Through IoT and Sensor Networks
4.4.2 Satellite-based Container and Vessel Tracking
4.4.3 Automatic Identification Systems
4.4.4 AI and Robotics
4.5 Case Studies Covering the Problem Statement and Provided Solution
5. GLOBAL CONTAINER MONITORING MARKET
5.1 Market Overview and Overall Market Estimates and Projections
5.2 Key trends and Developments
5.3 Geographic Analysis
5.3.1 North America
5.3.2 Europe
5.3.3 Asia including Pacific
5.3.4 Latin America
5.3.5 Middle East and Africa
6. MARKET SEGMENTATION
6.1 Overall Market Estimates and Projections for the Study Period
6.2 By Key Components
6.2.1 Hardware
6.2.2 Software
6.2.3 Services
6.3 By Key Applications
6.3.1 Asset Condition Monitoring
6.3.2 Logistics & Supply Chain Management
6.3.3 Location Tracking
6.3.4 Security
6.3.5 Others
6.4 By Geography
6.4.1 China
6.4.2 Japan
6.4.3 South Korea
6.4.4 Middle East
6.4.5 Australia and New Zealand
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 ORBCOMM Inc.
7.1.2 Geoforce, Inc.
7.1.3 Globe Tracker, ApS.
7.1.4 Phillips Connect Technologies (Phillips Industries, Inc.)
7.1.5 Emerson Electric Co.
7.1.6 Hapag-Lloyd AG
7.1.7 TRAXENS
7.1.8 Roambee Corporation
7.1.9 OnAsset Intelligence, Inc.
7.1.10 Zabbix LLC.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Asia Pacific Container Monitoring Industry Segmentation
Container monitoring involves gathering metrics and observing the well-being of containerized applications and microservices environments to enhance their performance and ensure smooth operation. The market is defined according to the revenue accrued through the sale of container monitoring solutions and associated installation services directed towards tracking the location and condition of shipping containers across the globe.
The Asia Pacific container monitoring market is segmented by key component (hardware, software, and services), key application (asset condition monitoring, logistics & supply chain management, location tracking, security, and others), and geography (China, Japan, South Korea, Middle East, ANZ, and Rest of Asia Pacific). The report offers market forecasts and size in value (USD) for all the above segments.
| By Key Components | |
| Hardware | |
| Software | |
| Services |
| By Key Applications | |
| Asset Condition Monitoring | |
| Logistics & Supply Chain Management | |
| Location Tracking | |
| Security | |
| Others |
| By Geography | |
| China | |
| Japan | |
| South Korea | |
| Middle East | |
| Australia and New Zealand |
Asia Pacific Container Monitoring Market Research FAQs
How big is the Asia Pacific Container Monitoring Market?
The Asia Pacific Container Monitoring Market size is expected to reach USD 2.26 billion in 2024 and grow at a CAGR of 16.38% to reach USD 4.82 billion by 2029.
What is the current Asia Pacific Container Monitoring Market size?
In 2024, the Asia Pacific Container Monitoring Market size is expected to reach USD 2.26 billion.
Who are the key players in Asia Pacific Container Monitoring Market?
ORBCOMM Inc., Geoforce, Inc., Globe Tracker, ApS., Phillips Connect Technologies (Phillips Industries, Inc.) and Emerson Electric Co. are the major companies operating in the Asia Pacific Container Monitoring Market.
What years does this Asia Pacific Container Monitoring Market cover, and what was the market size in 2023?
In 2023, the Asia Pacific Container Monitoring Market size was estimated at USD 1.89 billion. The report covers the Asia Pacific Container Monitoring Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia Pacific Container Monitoring Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia Pacific Container Monitoring Industry Report
Statistics for the 2024 Asia Pacific Container Monitoring market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia Pacific Container Monitoring analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
