Currently, there are many players in the world. The main market players are Sensitech, Inc., ORBCOMM, Testo, Rotronic, ELPRO-BUCHS AG, Emerson, Nietzsche Enterprise , NXP Semiconductors NV and so on. The Market value of Cold Chain Tracking and Monitoring is about 3586.2 Million USD in 2017.
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The primary driving force behind cold chain expansion is the increasing need for efficient storage systems to avoid food wastage. There are three major drivers behind the growing demand for cold chain monitoring and tracking in pharmaceutical cold chain logistics. The first being the transition is towards bio-engineered, temperature-sensitive products. The second being tightening regulations for pharma shipments and the last being the growing internationalization of the pharmaceutical supply chain.
Another biggest drivers of cold-chain logistics over the next few years will be the continued development, approval and market penetration of biotechnology-derived drugs, and the expansion in both usage and production of these drugs and other cold-chain products in emerging markets. Australia, Canada, Indonesia, Ireland, Malaysia, Singapore and other countries updated cold-chain rules in the past few years.
The global Cold Chain Tracking and Monitoring market is valued at 3586.2 million USD in 2017 and is expected to reach 7187.6 million USD by the end of 2025, growing at a CAGR of 10.44% between 2017 and 2025.
Cold Chain Tracking and Monitoring Competitive landscape and key vendors :
NXP Semiconductors NV
Berlinger & Co AG
Cold Chain Technologies
LogTag Recorders Ltd
The IMC Group Ltd
Zest Labs, Inc.
vTrack Cold Chain Monitoring
Maven Systems Pvt Ltd.