The Cold Chain Monitoring Market is expected to register a CAGR of 16.01% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The Cold Chain Monitoring Market report delivers research and exploration into the current trends, technologies, and driving forces behind temperature-sensitive logistics growth. The market is segmented by Offering (Hardware, Software Services). The market is segmented based on the temperature type (Frozen, Chilled). The global analysis is further broken down at the regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in US$ for the above analysis, segments, regions, and countries. It has extended the forecast up to 2031 in order to provide future developments that may have a potential impact on operational efficiency as well as customer satisfaction.
Purpose of the ReportThe report Cold Chain Monitoring Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Cold Chain Monitoring Market Segmentation
Offering- Hardware
- Software Services
- Frozen
- Chilled
- Storage
- Transportation
- Pharmaceuticals and Healthcare
- Food and Beverages
- Chemicals
- Others
Strategic Insights
Cold Chain Monitoring Market Growth Drivers- Growing Demand for Perishable Products: Growing demand for perishable products such as pharmaceuticals (vaccines, biologics) and food products (meat, dairy, fruits) is one of the growth drivers. The requirement to maintain product quality and safety while in transit by controlling the temperature is driving the demand for cold chain monitoring solutions.
- Expansion of Global Trade: Increased globalization of trade and rapidly expanding cross-border e-commerce form part of the key expansion drives in the cold chain monitoring market. As more is exported across borders, maintaining these requisite temperatures and conditions upon movement ensures quality, thus the ever-rising demand for a real-time monitoring solution that comes with it.
- Regulatory compliance: Governments around the globe are tightening up the regulation requirements associated with the movement of temperature-sensitive cargo. The inclusion of pharmaceuticals and food safety standards applies here as well. Investment in monitoring technologies for the cold chain is being undertaken by these firms to complying with the requirements.
- Expansion of Automated Solutions: The need for automation in monitoring and managing temperature-sensitive goods is increasing the amount of advanced automated cold chain solutions being developed.
- Increasing Cold Chain Investment in Emerging Markets: Rapid urbanization, increased population, and higher demand for perishable goods create investment opportunities in the cold chain infrastructure across regions like Asia-Pacific, South America, and Africa.
- Cloud-Based Solutions: The adoption of cloud computing in cold chain monitoring has been growing rapidly. Cloud-based platforms allow for the centralized management of data, ensuring that all stakeholders (logistics providers, suppliers, and consumers) can access real-time tracking and historical data remotely.
- Cold Chain Infrastructure Expansion in Emerging Markets: Organizations can offer solutions that are unique to the challenges of these emerging markets, such as unstable power supply or poor transport systems.
- Implementation of IoT and Real-time Data Monitoring: Businesses could start new business models by introducing cold chain monitoring as a service to smaller logistics, food, and pharmaceutical companies.
- Pharmaceutical and Vaccine Distribution: With COVID-19, one can see that reliable monitoring of the cold chain during transport is important, mainly when it comes to vaccines. Vaccine distribution growth around the world is a long-term opportunity for monitoring solutions that are capable of maintaining temperature-sensitive cargo, thus ensuring both efficacy and safety.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Cold Chain Monitoring Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Cold Chain Monitoring Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Leading players in the Cold Chain Monitoring Market include: Thermo King Corporation, Sensitech Inc., ORBCOMM, Zest Labs, and Monnit Corporation, recognized for their advanced temperature and humidity monitoring solutions.
The market is anticipated to grow at a 16.01% CAGR in 2023-2031
The growth drivers involve the rising demand for temperature-sensitive pharmaceutical and healthcare products, such as vaccines, biologics, and pharmaceuticals, which has resulted in a growing need for reliable cold chain solutions.
Key trends in this market include the increasing demand for temperature-sensitive products (pharmaceuticals, food and beverages, chemicals), along with advancements in cold chain technology, IoT, cloud computing, and data analytics.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cold Chain Monitoring Market - By Offering
1.3.2 Cold Chain Monitoring Market - By Temperature Type
1.3.3 Cold Chain Monitoring Market - By Logistics
1.3.4 Cold Chain Monitoring Market - By Application
1.3.5 Cold Chain Monitoring Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. COLD CHAIN MONITORING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. COLD CHAIN MONITORING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. COLD CHAIN MONITORING MARKET - GLOBAL MARKET ANALYSIS
6.1. COLD CHAIN MONITORING - GLOBAL MARKET OVERVIEW
6.2. COLD CHAIN MONITORING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. COLD CHAIN MONITORING MARKET - REVENUE AND FORECASTS TO 2028 - OFFERING
7.1. OVERVIEW
7.2. OFFERING MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.4. SOFTWARE
7.4.1. Overview
7.4.2. Software Market Forecast and Analysis
7.5. SERVICES
7.5.1. Overview
7.5.2. Services Market Forecast and Analysis
8. COLD CHAIN MONITORING MARKET - REVENUE AND FORECASTS TO 2028 - TEMPERATURE TYPE
8.1. OVERVIEW
8.2. TEMPERATURE TYPE MARKET FORECASTS AND ANALYSIS
8.3. FROZEN
8.3.1. Overview
8.3.2. Frozen Market Forecast and Analysis
8.4. CHILLED
8.4.1. Overview
8.4.2. Chilled Market Forecast and Analysis
9. COLD CHAIN MONITORING MARKET - REVENUE AND FORECASTS TO 2028 - LOGISTICS
9.1. OVERVIEW
9.2. LOGISTICS MARKET FORECASTS AND ANALYSIS
9.3. STORAGE
9.3.1. Overview
9.3.2. Storage Market Forecast and Analysis
9.4. TRANSPORTATION
9.4.1. Overview
9.4.2. Transportation Market Forecast and Analysis
10. COLD CHAIN MONITORING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. PHARMACEUTICALS AND HEALTHCARE
10.3.1. Overview
10.3.2. Pharmaceuticals and Healthcare Market Forecast and Analysis
10.4. FOOD AND BEVERAGES
10.4.1. Overview
10.4.2. Food and Beverages Market Forecast and Analysis
10.5. CHEMICALS
10.5.1. Overview
10.5.2. Chemicals Market Forecast and Analysis
10.6. OTHERS
10.6.1. Overview
10.6.2. Others Market Forecast and Analysis
11. COLD CHAIN MONITORING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Cold Chain Monitoring Market Overview
11.1.2 North America Cold Chain Monitoring Market Forecasts and Analysis
11.1.3 North America Cold Chain Monitoring Market Forecasts and Analysis - By Offering
11.1.4 North America Cold Chain Monitoring Market Forecasts and Analysis - By Temperature Type
11.1.5 North America Cold Chain Monitoring Market Forecasts and Analysis - By Logistics
11.1.6 North America Cold Chain Monitoring Market Forecasts and Analysis - By Application
11.1.7 North America Cold Chain Monitoring Market Forecasts and Analysis - By Countries
11.1.7.1 United States Cold Chain Monitoring Market
11.1.7.1.1 United States Cold Chain Monitoring Market by Offering
11.1.7.1.2 United States Cold Chain Monitoring Market by Temperature Type
11.1.7.1.3 United States Cold Chain Monitoring Market by Logistics
11.1.7.1.4 United States Cold Chain Monitoring Market by Application
11.1.7.2 Canada Cold Chain Monitoring Market
11.1.7.2.1 Canada Cold Chain Monitoring Market by Offering
11.1.7.2.2 Canada Cold Chain Monitoring Market by Temperature Type
11.1.7.2.3 Canada Cold Chain Monitoring Market by Logistics
11.1.7.2.4 Canada Cold Chain Monitoring Market by Application
11.1.7.3 Mexico Cold Chain Monitoring Market
11.1.7.3.1 Mexico Cold Chain Monitoring Market by Offering
11.1.7.3.2 Mexico Cold Chain Monitoring Market by Temperature Type
11.1.7.3.3 Mexico Cold Chain Monitoring Market by Logistics
11.1.7.3.4 Mexico Cold Chain Monitoring Market by Application
11.2. EUROPE
11.2.1 Europe Cold Chain Monitoring Market Overview
11.2.2 Europe Cold Chain Monitoring Market Forecasts and Analysis
11.2.3 Europe Cold Chain Monitoring Market Forecasts and Analysis - By Offering
11.2.4 Europe Cold Chain Monitoring Market Forecasts and Analysis - By Temperature Type
11.2.5 Europe Cold Chain Monitoring Market Forecasts and Analysis - By Logistics
11.2.6 Europe Cold Chain Monitoring Market Forecasts and Analysis - By Application
11.2.7 Europe Cold Chain Monitoring Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Cold Chain Monitoring Market
11.2.7.1.1 Germany Cold Chain Monitoring Market by Offering
11.2.7.1.2 Germany Cold Chain Monitoring Market by Temperature Type
11.2.7.1.3 Germany Cold Chain Monitoring Market by Logistics
11.2.7.1.4 Germany Cold Chain Monitoring Market by Application
11.2.7.2 France Cold Chain Monitoring Market
11.2.7.2.1 France Cold Chain Monitoring Market by Offering
11.2.7.2.2 France Cold Chain Monitoring Market by Temperature Type
11.2.7.2.3 France Cold Chain Monitoring Market by Logistics
11.2.7.2.4 France Cold Chain Monitoring Market by Application
11.2.7.3 Italy Cold Chain Monitoring Market
11.2.7.3.1 Italy Cold Chain Monitoring Market by Offering
11.2.7.3.2 Italy Cold Chain Monitoring Market by Temperature Type
11.2.7.3.3 Italy Cold Chain Monitoring Market by Logistics
11.2.7.3.4 Italy Cold Chain Monitoring Market by Application
11.2.7.4 United Kingdom Cold Chain Monitoring Market
11.2.7.4.1 United Kingdom Cold Chain Monitoring Market by Offering
11.2.7.4.2 United Kingdom Cold Chain Monitoring Market by Temperature Type
11.2.7.4.3 United Kingdom Cold Chain Monitoring Market by Logistics
11.2.7.4.4 United Kingdom Cold Chain Monitoring Market by Application
11.2.7.5 Russia Cold Chain Monitoring Market
11.2.7.5.1 Russia Cold Chain Monitoring Market by Offering
11.2.7.5.2 Russia Cold Chain Monitoring Market by Temperature Type
11.2.7.5.3 Russia Cold Chain Monitoring Market by Logistics
11.2.7.5.4 Russia Cold Chain Monitoring Market by Application
11.2.7.6 Rest of Europe Cold Chain Monitoring Market
11.2.7.6.1 Rest of Europe Cold Chain Monitoring Market by Offering
11.2.7.6.2 Rest of Europe Cold Chain Monitoring Market by Temperature Type
11.2.7.6.3 Rest of Europe Cold Chain Monitoring Market by Logistics
11.2.7.6.4 Rest of Europe Cold Chain Monitoring Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Cold Chain Monitoring Market Overview
11.3.2 Asia-Pacific Cold Chain Monitoring Market Forecasts and Analysis
11.3.3 Asia-Pacific Cold Chain Monitoring Market Forecasts and Analysis - By Offering
11.3.4 Asia-Pacific Cold Chain Monitoring Market Forecasts and Analysis - By Temperature Type
11.3.5 Asia-Pacific Cold Chain Monitoring Market Forecasts and Analysis - By Logistics
11.3.6 Asia-Pacific Cold Chain Monitoring Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Cold Chain Monitoring Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Cold Chain Monitoring Market
11.3.7.1.1 Australia Cold Chain Monitoring Market by Offering
11.3.7.1.2 Australia Cold Chain Monitoring Market by Temperature Type
11.3.7.1.3 Australia Cold Chain Monitoring Market by Logistics
11.3.7.1.4 Australia Cold Chain Monitoring Market by Application
11.3.7.2 China Cold Chain Monitoring Market
11.3.7.2.1 China Cold Chain Monitoring Market by Offering
11.3.7.2.2 China Cold Chain Monitoring Market by Temperature Type
11.3.7.2.3 China Cold Chain Monitoring Market by Logistics
11.3.7.2.4 China Cold Chain Monitoring Market by Application
11.3.7.3 India Cold Chain Monitoring Market
11.3.7.3.1 India Cold Chain Monitoring Market by Offering
11.3.7.3.2 India Cold Chain Monitoring Market by Temperature Type
11.3.7.3.3 India Cold Chain Monitoring Market by Logistics
11.3.7.3.4 India Cold Chain Monitoring Market by Application
11.3.7.4 Japan Cold Chain Monitoring Market
11.3.7.4.1 Japan Cold Chain Monitoring Market by Offering
11.3.7.4.2 Japan Cold Chain Monitoring Market by Temperature Type
11.3.7.4.3 Japan Cold Chain Monitoring Market by Logistics
11.3.7.4.4 Japan Cold Chain Monitoring Market by Application
11.3.7.5 South Korea Cold Chain Monitoring Market
11.3.7.5.1 South Korea Cold Chain Monitoring Market by Offering
11.3.7.5.2 South Korea Cold Chain Monitoring Market by Temperature Type
11.3.7.5.3 South Korea Cold Chain Monitoring Market by Logistics
11.3.7.5.4 South Korea Cold Chain Monitoring Market by Application
11.3.7.6 Rest of Asia-Pacific Cold Chain Monitoring Market
11.3.7.6.1 Rest of Asia-Pacific Cold Chain Monitoring Market by Offering
11.3.7.6.2 Rest of Asia-Pacific Cold Chain Monitoring Market by Temperature Type
11.3.7.6.3 Rest of Asia-Pacific Cold Chain Monitoring Market by Logistics
11.3.7.6.4 Rest of Asia-Pacific Cold Chain Monitoring Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Cold Chain Monitoring Market Overview
11.4.2 Middle East and Africa Cold Chain Monitoring Market Forecasts and Analysis
11.4.3 Middle East and Africa Cold Chain Monitoring Market Forecasts and Analysis - By Offering
11.4.4 Middle East and Africa Cold Chain Monitoring Market Forecasts and Analysis - By Temperature Type
11.4.5 Middle East and Africa Cold Chain Monitoring Market Forecasts and Analysis - By Logistics
11.4.6 Middle East and Africa Cold Chain Monitoring Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Cold Chain Monitoring Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Cold Chain Monitoring Market
11.4.7.1.1 South Africa Cold Chain Monitoring Market by Offering
11.4.7.1.2 South Africa Cold Chain Monitoring Market by Temperature Type
11.4.7.1.3 South Africa Cold Chain Monitoring Market by Logistics
11.4.7.1.4 South Africa Cold Chain Monitoring Market by Application
11.4.7.2 Saudi Arabia Cold Chain Monitoring Market
11.4.7.2.1 Saudi Arabia Cold Chain Monitoring Market by Offering
11.4.7.2.2 Saudi Arabia Cold Chain Monitoring Market by Temperature Type
11.4.7.2.3 Saudi Arabia Cold Chain Monitoring Market by Logistics
11.4.7.2.4 Saudi Arabia Cold Chain Monitoring Market by Application
11.4.7.3 U.A.E Cold Chain Monitoring Market
11.4.7.3.1 U.A.E Cold Chain Monitoring Market by Offering
11.4.7.3.2 U.A.E Cold Chain Monitoring Market by Temperature Type
11.4.7.3.3 U.A.E Cold Chain Monitoring Market by Logistics
11.4.7.3.4 U.A.E Cold Chain Monitoring Market by Application
11.4.7.4 Rest of Middle East and Africa Cold Chain Monitoring Market
11.4.7.4.1 Rest of Middle East and Africa Cold Chain Monitoring Market by Offering
11.4.7.4.2 Rest of Middle East and Africa Cold Chain Monitoring Market by Temperature Type
11.4.7.4.3 Rest of Middle East and Africa Cold Chain Monitoring Market by Logistics
11.4.7.4.4 Rest of Middle East and Africa Cold Chain Monitoring Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Cold Chain Monitoring Market Overview
11.5.2 South and Central America Cold Chain Monitoring Market Forecasts and Analysis
11.5.3 South and Central America Cold Chain Monitoring Market Forecasts and Analysis - By Offering
11.5.4 South and Central America Cold Chain Monitoring Market Forecasts and Analysis - By Temperature Type
11.5.5 South and Central America Cold Chain Monitoring Market Forecasts and Analysis - By Logistics
11.5.6 South and Central America Cold Chain Monitoring Market Forecasts and Analysis - By Application
11.5.7 South and Central America Cold Chain Monitoring Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Cold Chain Monitoring Market
11.5.7.1.1 Brazil Cold Chain Monitoring Market by Offering
11.5.7.1.2 Brazil Cold Chain Monitoring Market by Temperature Type
11.5.7.1.3 Brazil Cold Chain Monitoring Market by Logistics
11.5.7.1.4 Brazil Cold Chain Monitoring Market by Application
11.5.7.2 Argentina Cold Chain Monitoring Market
11.5.7.2.1 Argentina Cold Chain Monitoring Market by Offering
11.5.7.2.2 Argentina Cold Chain Monitoring Market by Temperature Type
11.5.7.2.3 Argentina Cold Chain Monitoring Market by Logistics
11.5.7.2.4 Argentina Cold Chain Monitoring Market by Application
11.5.7.3 Rest of South and Central America Cold Chain Monitoring Market
11.5.7.3.1 Rest of South and Central America Cold Chain Monitoring Market by Offering
11.5.7.3.2 Rest of South and Central America Cold Chain Monitoring Market by Temperature Type
11.5.7.3.3 Rest of South and Central America Cold Chain Monitoring Market by Logistics
11.5.7.3.4 Rest of South and Central America Cold Chain Monitoring Market by Application
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. COLD CHAIN MONITORING MARKET, KEY COMPANY PROFILES
13.1. ORBCOMM
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. AERIS
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. AMBETRONICS ENGINEERS PVT.LTD
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. BERLINGER AND CO. AG
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. HANWELL SOLUTIONS LTD
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. HIOTRON
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. KII CORPORATION
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. MONNIT
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. ROAMBEE CORPORATION
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. SENSITECH( A CARRIER COMPANY )
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. ORBCOMM
2. Aeris
3. Ambetronics Engineers Pvt.Ltd
4. Berlinger and Co. AG
5. Hanwell Solutions Ltd
6. hIOTron
7. Kii Corporation
8. Monnit
9. Roambee Corporation
10. Sensitech(A Carrier company)
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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