Middle East & Africa Cold Chain Monitoring Market Size & Outlook
Related Markets
MEA cold chain monitoring market highlights
- The MEA cold chain monitoring market generated a revenue of USD 3,264.4 million in 2023.
- The market is expected to grow at a CAGR of 24% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 3,264.4 million |
| Market revenue in 2030 | USD 14,752.7 million |
| Growth rate | 24% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software |
| Key market players worldwide | Carrier Global Corp Ordinary Shares, Lockheed Martin Corp, RiskOn International Inc, ELPRO Global, Berlinger & Co AG, ORBCOMM, Geotab, Monnit, Controlant, Infratab |
Other key industry trends
- In terms of revenue, MEA region accounted for 11.3% of the global cold chain monitoring market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 25,964.8 million by 2030.
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Cold Chain Monitoring Market Scope
Cold Chain Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Zest Labs | View profile | 1-10 | https://takezest.com | |
| Savi Technology | View profile | 101-250 | Alexandria, Virginia, United States, North America | http://www.savi.com |
| Infratab | View profile | 11-50 | Oxnard, California, United States, North America | http://www.infratab.com/ |
| Controlant | View profile | 501-1000 | Reykjavík, Gullbringusysla, Iceland, Europe | https://www.controlant.com/ |
| Geotab | View profile | 1001-5000 | Oakville, Ontario, Canada, North America | http://www.geotab.com/ |
| Berlinger & Co AG | View profile | 51-100 | Ganterschwil, Ausser-Rhoden, Switzerland, Europe | https://www.berlinger.com/ |
| Monnit | View profile | 51-100 | South Salt Lake, Utah, United States, North America | http://www.monnit.com |
| ELPRO Global | View profile | 51-100 | Buchs, Inner-Rhoden, Switzerland, Europe | https://www.elpro.com |
| ORBCOMM | View profile | 1001-5000 | Rochelle Park, New Jersey, United States, North America | http://www.orbcomm.com/ |
| RiskOn International Inc | View profile | 23 | 303 Pearl Parkway, Suite 200, San Antonio, TX, United States, 78215 | https://www.riskonint.com |
| Carrier Global Corp Ordinary Shares | View profile | 53000 | 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 | https://www.corporate.carrier.com |
| Lockheed Martin Corp | View profile | 122000 | 6801 Rockledge Drive, Bethesda, MD, United States, 20817 | https://www.lockheedmartin.com |
Middle East & Africa cold chain monitoring market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cold chain monitoring market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 78.51% in 2023. Horizon Databook has segmented the Middle East & Africa cold chain monitoring market based on hardware, software covering the revenue growth of each sub-segment from 2017 to 2030.
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Target buyers of Middle East & Africa cold chain monitoring market databook
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Our clientele includes a mix of cold chain monitoring market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa cold chain monitoring market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa cold chain monitoring market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA cold chain monitoring market size, by country, 2017-2030 (US$M)
Middle East & Africa Cold Chain Monitoring Market Outlook Share, 2023 & 2030 (US$M)
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