Smart Pallet Sensors Market - Global Industry Analysis

Smart Pallet Sensors Market by Application (Asset Tracking & Monitoring, Inventory Management, Condition Monitoring, Security Management) by End-User (Healthcare, Food & Beverage, Manufacturing, Warehousing & Transportation, Retail): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 01-Mar-2021 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-5877 Status : Published

The smart pallet sensors market is set for a rapid growth over the forecast period. In terms of revenue, the global smart pallet sensors market accounted for USD 17.22 Billion in 2019 and is expected to reach USD 22.96 Billion by 2026, growing at a CAGR of 4.19%

Description

The smart pallet sensors market is set for a rapid growth over the forecast period. In terms of revenue, the global smart pallet sensors market accounted for USD 17.22 Billion in 2019 and is expected to reach USD 22.96 Billion by 2026, growing at a CAGR of 4.19%

Global Smart Pallet Sensors Market: Overview

Smart pallets are pallets fitted with sensors that are used in the supply chain for monitoring of items. The sensors equipped pallets can assess the humidity and temperature within the packages when positioned on the smart pallet. It plays an important role in the shipping of food and drinks, as well as healthcare items. In addition, smart pallet sensors can communicate continuously with the central management system, which lets companies efficiently control the package and optimize the supply chain.

Global Smart Pallet Sensors Market: Growth Factors

The increasing need for real-time inventory monitoring and tracking in manufacturing companies to ensure manufacturing process and supply chain optimization with the aid of wireless technology is anticipated to boost the growth of smart pallet sensors over the projected timeframe. Furthermore, rising demand from chemical, food and beverage, and healthcare manufacturers and distributors is projected to increase the sales of smart pallet sensors over the forecast period.

In addition, the governments of emerging economies across the globe are centred on improving their country's manufacturing sector, which in turn would increase regional employment rate and innovative products equipped with advanced technology. For example, in August 2019, the Central Government of India approved 100% Foreign Direct Investment (FDI) in the contract manufacturing sector, and in the 2018-19 union budget, the Central Government of India lowered the income tax rate to 25% for all firms with up to US$ 38.75 million in annual turnover, which will greatly benefit new start-ups and small businesses.

Global Smart Pallet Sensors Market: Segmentation

The inventory management category is expected to see the highest growth over the forecast period, among other applications. Smart pallets are primarily adopted in inventory management to improve the productivity of the supply chain. Smart pallet sensors increase the availability and tracking of pallets and reduce pallet downtime by constantly monitoring the availability of pallets. In addition, it increases product flow, which leads to improved control of the Supply Chain Process Management (SCPM) and improves efficiency by saving time.

Due to growing demand for package tracking in various end-use industries such as food & beverages, manufacturing, retail, and e-commerce, the security management segment is expected to expand at a considerable rate over the forecast period. Security management enables companies to operate smarter and quicker with reliability and helps to minimize unnecessary steps to handle product protection and increase customer service with timely package delivery.

The warehousing and transportation segment held a largest market share in 2019, due to the growing use of smart pallet sensors in warehouses and for goods transportation. Moreover, pallets are primarily used to secure loads and increase the performance of logistics. In the case of shipping perishable goods, pallet monitoring plays a critical role.  In addition, rising production and consumption rate of food and beverage industry is anticipated to boost the implementation of smart pallet sensors in the near future.

Global Smart Pallet Sensors Market: Regional Analysis

By Geography, the smart pallet sensors market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa.

North America smart pallet sensors market held the largest market share in 2019 and is expected to maintain its position over the forecast period, owing to the growing production and involvement of large manufacturers of consumer electronic goods, such as Apple Inc and Dell, which require high-level monitoring of all their products during shipping. In addition, manufacturing companies in Canada are concentrating on growing investment in the country over the coming years, where the two key areas of interest for investment will be technology and workforce growth. Also, the government of Canada is focusing on growing Canada's production output, which over the forecast period is expected to improve the adoption of smart pallet sensors.

The Asia-Pacific region is projected to have the highest growth rate over the forecast period due to a rise in e-commerce shipments in the region. In the e-commerce sector, shipment monitoring plays a key role in the timely distribution of shipments and in the handling of critical packages during transport. These factors are contributing to the growth of regional market.

Global Smart Pallet Sensors Market: Competitive Players

The major players in the global smart pallet sensors market include ADLINK Technology Inc., Ambrosus, Chainvu, Ahrma Group, Ennomotive, Metiora, LogTrade, NFC Group, TronicsZone, RM2, and Lightning Technologies LLC among others.

The report segment of global smart pallet sensors market are as follows:

Global Smart Pallet Sensors Market: Application Segment Analysis

  • Asset Tracking & Monitoring
  • Inventory Management
  • Condition Monitoring
  • Security Management

Global Smart Pallet Sensors Market: End-User Segment Analysis

  • Healthcare
  • Food & Beverage
  • Manufacturing
  • Warehousing & Transportation
  • Retail

Global Smart Pallet Sensors Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodulogy
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
  • Chapter 2. Executive Summary
    • 2.1. Global Smart Pallet Sensors Market, 2016-2026, (USD Billion)
    • 2.2. Smart Pallet Sensors Market: Market snapshot
  • Chapter 3. Global Smart Pallet Sensors Market – Industry Analysis
    • 3.1. Introduction
    • 3.2. Industry ecosystem analysis
    • 3.3. Technulogy landscape
    • 3.4. Market Drivers
      • 3.4.1. North America
      • 3.4.2. Europe
      • 3.4.3. Asia Pacific
      • 3.4.4. Latin America
      • 3.4.5. MEA
    • 3.5. Restraints
    • 3.6. Opportunity
    • 3.7. Innovation & sustainability
    • 3.8. Regulatory landscape
    • 3.9. Porter’s Five Forces Analysis
    • 3.10. PESTLE Analysis
    • 3.11. Smart Pallet Sensors Market: Market Attractiveness Analysis
      • 3.11.1. Market Attractiveness Analysis by Application Segment
      • 3.11.2. Market Attractiveness Analysis by End-User Segment
  • Chapter 4. Global Smart Pallet Sensors Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2019
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions and Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Cullaborations and Joint Ventures
      • 4.2.4. Research & Development and Regional Expansion
  • Chapter 5. Smart Pallet Sensors Market – Application Segment Analysis
    • 5.1. Global Smart Pallet Sensors Market Revenue Share, by Application, 2019 & 2026 (USD Billion)
    • 5.2. Global Smart Pallet Sensors Market by Asset Tracking & Monitoring, 2016 – 2026 (USD Billion)
    • 5.3. Global Smart Pallet Sensors Market by Inventory Management, 2016 – 2026 (USD Billion)
    • 5.4. Global Smart Pallet Sensors Market by Condition Monitoring, 2016 – 2026 (USD Billion)
    • 5.5. Global Smart Pallet Sensors Market by Security Management, 2016 – 2026 (USD Billion)
  • Chapter 6. Smart Pallet Sensors Market – End-User Segment Analysis
    • 6.1. Global Smart Pallet Sensors Market Revenue Share, by End-User, 2019 & 2026 (USD Billion)
    • 6.2. Global Smart Pallet Sensors Market by Healthcare, 2016 – 2026 (USD Billion)
    • 6.3. Global Smart Pallet Sensors Market by Food & Beverage, 2016 – 2026 (USD Billion)
    • 6.4. Global Smart Pallet Sensors Market by Manufacturing, 2016 – 2026 (USD Billion)
    • 6.5. Global Smart Pallet Sensors Market by Warehousing & Transportation, 2016 – 2026 (USD Billion)
    • 6.6. Global Smart Pallet Sensors Market by Retail, 2016 – 2026 (USD Billion)
  • Chapter 7. Smart Pallet Sensors Market - Regional Analysis
    • 7.1. Global Smart Pallet Sensors Market: Regional Overview
      • 7.1.1. Global Smart Pallet Sensors Market Revenue Share, By Region, 2019 & 2026 (USD Billion)
    • 7.2. North America
      • 7.2.1. North America Smart Pallet Sensors Market Revenue 2016 – 2026 (USD Billion)
      • 7.2.2. North America Smart Pallet Sensors Market Revenue, By Application, 2016 – 2026 (USD Billion)
      • 7.2.3. North America Smart Pallet Sensors Market Revenue, By End-User, 2016 – 2026 (USD Billion)
      • 7.2.4. U.S.
        • 7.2.4.1. U.S. Smart Pallet Sensors Market Revenue, by Application, 2016 – 2026 (USD Billion)
        • 7.2.4.2. U.S. Smart Pallet Sensors Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 7.2.5. Canada
        • 7.2.5.1. Canada Smart Pallet Sensors Market Revenue, by Application, 2016 – 2026 (USD Billion)
        • 7.2.5.2. Canada Smart Pallet Sensors Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 7.2.6. Mexico
        • 7.2.6.1. Mexico Smart Pallet Sensors Market Revenue, by Application, 2016 – 2026 (USD Billion)
        • 7.2.6.2. Mexico Smart Pallet Sensors Market Revenue, by End-User, 2016 – 2026 (USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe Smart Pallet Sensors Market Revenue 2016 – 2026 (USD Billion)
      • 7.3.2. Europe Smart Pallet Sensors Market Revenue, By Application, 2016 – 2026 (USD Billion)
      • 7.3.3. Europe Smart Pallet Sensors Market Revenue, By End-User, 2016 – 2026 (USD Billion)
      • 7.3.4. UK
        • 7.3.4.1. UK Smart Pallet Sensors Market Revenue, by Application, 2016 – 2026 (USD Billion)
        • 7.3.4.2. UK Smart Pallet Sensors Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 7.3.5. France
        • 7.3.5.1. France Smart Pallet Sensors Market Revenue, by Application, 2016 – 2026 (USD Billion)
        • 7.3.5.2. France Smart Pallet Sensors Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 7.3.6. Germany
        • 7.3.6.1. Germany Smart Pallet Sensors Market Revenue, by Application, 2016 – 2026 (USD Billion)
        • 7.3.6.2. Germany Smart Pallet Sensors Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 7.3.7. Italy
        • 7.3.7.1. Italy Smart Pallet Sensors Market Revenue, by Application, 2016 – 2026 (USD Billion)
        • 7.3.7.2. Italy Smart Pallet Sensors Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 7.3.8. Spain
        • 7.3.8.1. Spain Smart Pallet Sensors Market Revenue, by Application, 2016 – 2026 (USD Billion)
        • 7.3.8.2. Spain Smart Pallet Sensors Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 7.3.9. Russia
        • 7.3.9.1. Russia Smart Pallet Sensors Market Revenue, by Application, 2016 – 2026 (USD Billion)
        • 7.3.9.2. Russia Smart Pallet Sensors Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Smart Pallet Sensors Market Revenue, by Application, 2016 – 2026 (USD Billion)
        • 7.3.10.2. Rest of Europe Smart Pallet Sensors Market Revenue, by End-User, 2016 – 2026 (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Smart Pallet Sensors Market Revenue 2016 – 2026 (USD Billion)
      • 7.4.2. Asia Pacific Smart Pallet Sensors Market Revenue, By Application, 2016 – 2026 (USD Billion)
      • 7.4.3. Asia Pacific Smart Pallet Sensors Market Revenue, By End-User, 2016 – 2026 (USD Billion)
      • 7.4.4. China
        • 7.4.4.1. China Smart Pallet Sensors Market Revenue, by Application, 2016 – 2026 (USD Billion)
        • 7.4.4.2. China Smart Pallet Sensors Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 7.4.5. Japan
        • 7.4.5.1. Japan Smart Pallet Sensors Market Revenue, by Application, 2016 – 2026 (USD Billion)
        • 7.4.5.2. Japan Smart Pallet Sensors Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 7.4.6. India
        • 7.4.6.1. India Smart Pallet Sensors Market Revenue, by Application, 2016 – 2026 (USD Billion)
        • 7.4.6.2. India Smart Pallet Sensors Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 7.4.7. Australia
        • 7.4.7.1. Australia Smart Pallet Sensors Market Revenue, by Application, 2016 – 2026 (USD Billion)
        • 7.4.7.2. Australia Smart Pallet Sensors Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Smart Pallet Sensors Market Revenue, by Application, 2016 – 2026 (USD Billion)
        • 7.4.8.2. South Korea Smart Pallet Sensors Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 7.4.9. Rest of Asia Pacific
        • 7.4.9.1. Rest of Asia Pacific Smart Pallet Sensors Market Revenue, by Application, 2016 – 2026 (USD Billion)
        • 7.4.9.2. Rest of Asia Pacific Smart Pallet Sensors Market Revenue, by End-User, 2016 – 2026 (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America Smart Pallet Sensors Market Revenue 2016 – 2026 (USD Billion)
      • 7.5.2. Latin America Smart Pallet Sensors Market Revenue, By Application, 2016 – 2026 (USD Billion)
      • 7.5.3. Latin America Smart Pallet Sensors Market Revenue, By End-User, 2016 – 2026 (USD Billion)
      • 7.5.4. Brazil
        • 7.5.4.1. Brazil Smart Pallet Sensors Market Revenue, by Application, 2016 – 2026 (USD Billion)
        • 7.5.4.2. Brazil Smart Pallet Sensors Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 7.5.5. Argentina
        • 7.5.5.1. Argentina Smart Pallet Sensors Market Revenue, by Application, 2016 – 2026 (USD Billion)
        • 7.5.5.2. Argentina Smart Pallet Sensors Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 7.5.6. Rest of Latin America
        • 7.5.6.1. Rest of Latin America Smart Pallet Sensors Market Revenue, by Application, 2016 – 2026 (USD Billion)
        • 7.5.6.2. Rest of Latin America Smart Pallet Sensors Market Revenue, by End-User, 2016 – 2026 (USD Billion)
    • 7.6. Middle East & Africa
      • 7.6.1. Middle East & Africa Smart Pallet Sensors Market Revenue 2016 – 2026 (USD Billion)
      • 7.6.2. Middle East & Africa Smart Pallet Sensors Market Revenue, by Application, 2016 – 2026 (USD Billion)
      • 7.6.3. Middle East & Africa Smart Pallet Sensors Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 7.6.4. GCC Countries
        • 7.6.4.1. GCC Countries Smart Pallet Sensors Market Revenue, by Application, 2016 – 2026 (USD Billion)
        • 7.6.4.2. GCC Countries Smart Pallet Sensors Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 7.6.5. South Africa
        • 7.6.5.1. South Africa Smart Pallet Sensors Market Revenue, by Application, 2016 – 2026 (USD Billion)
        • 7.6.5.2. South Africa Smart Pallet Sensors Market Revenue, by End-User, 2016 – 2026 (USD Billion)
      • 7.6.6. Rest of MEA
        • 7.6.6.1. Rest of MEA Smart Pallet Sensors Market Revenue, by Application, 2016 – 2026 (USD Billion)
        • 7.6.6.2. Rest of MEA Smart Pallet Sensors Market Revenue, by End-User, 2016 – 2026 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. ADLINK Technulogy Inc.
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfulio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. *Same information will be provided for below mentioned companies*
      • 8.2.1. Ambrosus
      • 8.2.2. Chainvu
      • 8.2.3. Ahrma Group
      • 8.2.4. Ennomotive
      • 8.2.5. Metiora
      • 8.2.6. LogTrade
      • 8.2.7. NFC Group
      • 8.2.8. TronicsZone
      • 8.2.9. RM2
      • 8.2.10. Lightning Technulogies LLC.
      • 8.2.11. Others

Methodology


Frequently Asked Questions

The increasing need for real-time inventory monitoring and tracking in manufacturing companies to ensure manufacturing process and supply chain optimization with the aid of wireless technology is anticipated to boost the growth of smart pallet sensors over the projected timeframe. Furthermore, rising demand from chemical, food and beverage, and healthcare manufacturers and distributors is projected to increase the sales of smart pallet sensors over the forecast period.

According to Zion Market Research, the Smart Pallet Sensors market is expected to generate revenue of around USD 22.96 Billion by the end of 2026, growing at a CAGR of 4.19%.

North America smart pallet sensors market held the largest market share in 2019 and is expected to maintain its position over the forecast period, owing to the growing production and involvement of large manufacturers of consumer electronic goods, such as Apple Inc and Dell, which require high-level monitoring of all their products during shipping. In addition, manufacturing companies in Canada are concentrating on growing investment in the country over the coming years, where the two key areas of interest for investment will be technology and workforce growth. Also, the government of Canada is focusing on growing Canada's production output, which over the forecast period is expected to improve the adoption of smart pallet sensors.

The major players in the global smart pallet sensors market include ADLINK Technology Inc., Ambrosus, Chainvu, Ahrma Group, Ennomotive, Metiora, LogTrade, NFC Group, TronicsZone, RM2, and Lightning Technologies LLC among others.

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