Cold Chain Monitoring Market 2018 Global Service Providers: ORBCOMM, Sensitech, Infratab, Monnit Corporation, Zest Labs, NXP Semiconductors

Market Highlights:

Cold Chain Monitoring is a system which is used to monitor and ensure the shelf life of frozen foods. As the market of frozen foods are increasing, cold chain monitoring is becoming an important aspect. Improper temperature control results in heavy loss of frozen foods during the supply chain process and Cold Chain Monitoring helps to monitor the overall process and improve the safety of food and pharmaceutical products. The major factor which is driving the market of Cold Chain Monitoring is growing frozen food industry and pharmaceutical industry. As the demand for frozen products are increasing, companies are deploying cold chain Monitoring system in their process in order to make the supply chain more efficient. Global Cold Chain Monitoring Market is expected to grow at US ~7 billion by the end of forecast period with CAGR of ~10% during 2016 to 2022.

The key factors responsible for the increase in the cold chain monitoring market is the focus on quality and product sensitivity, growth in organized retail, increase in refrigerated warehouses, government changing policies and regulations, and growth in pharmaceutical sector. However, the factor such as lack of standardization and high operational cost slow down the growth of cold chain monitoring market.

Market is expected to show a double digit growth rate in coming five years (2016-2022). The growth is majorly driven by need of effective monitoring activities in the pharmaceutical and healthcare sectors that reduces wastage by prolonging shelf live.

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Major Key Players

ORBCOMM (U.S.),
NXP Semiconductors N.V. (Netherlands),
Berlinger & Co. AG (Switzerland),
Sensitech, Inc. (U.S.),
NEC Corp. (Japan),
Controlant EHF (Iceland),
Infratab Inc. (U.S.),
Monnit Corporation (U.S.),
Zest Labs, Inc. (U.S.),
Sensitech Inc. (U.S.) are some of the prominent players at the forefront of competition in the Global Cold Chain Monitoring Market and are profiled in MRFR Analysis.

Global Cold Chain Monitoring Market is expected to grow at US ~7 billion by the end of forecast period with CAGR of ~10% during 2016 to 2022.

Segmentation
The cold chain monitoring market is segmented in to four key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Components: Sensors, Radio frequency devices, telematics device, and software and others.
Segmentation by Application: Pharmaceutical, Chemicals, Foods & Beverages and others.
Segmentation by Logistics: Warehousing and Transportation
Segmentation by Region: North America, Europe, Asia Pacific and rest of the world.

Regional Analysis
North America is dominating the global cold chain monitoring market with the largest market share and therefore accounting for astronomical amounts and is expected to grow over its previous growth records by 2022. High standard of living and high consumption of meat products is driving the market in the North America. Cold Chain Monitoring Market in Asia Pacific market is expected to witness a fastest growing CAGR during forecast period, due to the growing chemical industry. China stands as one of the biggest market of chemicals and pharmaceutical which is giving Asia Pacific a competitive advantage over other regions. The increasing demand for quality regulation the food industry to incorporate is boosting the cold chain monitoring solutions in its supply chainis one of the significant factor strengthening the growth of cold chain monitoring market in the European region.

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Intended Audience
• Logistics Company
• Distributors
• Pharmaceutical Distributors
• Food processing units
• Government organizations
• Sensor Manufacturers & Distributors
• Fisheries

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