Asia Pacific Connected Logistics Market Size & Outlook
Related Markets
Asia Pacific connected logistics market highlights
- The Asia Pacific connected logistics market generated a revenue of USD 8,063.0 million in 2023.
- The market is expected to grow at a CAGR of 17% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 8,063.0 million |
| Market revenue in 2030 | USD 24,179.4 million |
| Growth rate | 17% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| 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, Services |
| Key market players worldwide | Intel Corp, Infosys Ltd ADR, Cisco Systems Inc, HCL Technologies, International Business Machines Corp, SAP SE, Honeywell International Inc, NEC Corp, ORBCOMM, Freightgate |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.0% of the global connected logistics 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 24,179.4 million by 2030.
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Connected Logistics Market Scope
Connected Logistics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Freightgate | View profile | 11-50 | Fountain Valley, California, United States, North America | http://www.freightgate.com/ |
| ORBCOMM | View profile | 1001-5000 | Rochelle Park, New Jersey, United States, North America | http://www.orbcomm.com/ |
| Infosys Ltd ADR | View profile | 322663 | 44, Infosys Avenue, Hosur Road, Electronics City, Bengaluru, KA, India, 560 100 | https://www.infosys.com |
| HCL Technologies | View profile | 10001+ | Noida, Uttar Pradesh, India, Asia | http://www.hcltech.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| SAP SE | View profile | 107602 | Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 | https://www.sap.com |
| NEC Corp | View profile | 118527 | 7-1, Shiba 5-chome, Minato-ku, Tokyo, Japan, 108-8001 | https://www.nec.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Intel Corp | View profile | 124800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | https://www.intel.com |
Asia Pacific connected logistics 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 connected logistics market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 67.21% in 2024. Horizon Databook has segmented the Asia Pacific connected logistics market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
- Asia Pacific Connected Logistics Component Outlook (Revenue, USD Million, 2017-2030)
- Hardware
- RFID Tags
- Sensors
- Communication Devices
- Tracking Devices
- Others
- Software
- Warehouse Management
- Fleet Management
- Freight/Transportation Management
- Asset Tracking and Management
- Data Management and Analytics
- Others
- Services
- Consulting
- Integration and Deployment
- Support and Maintenance
- Managed Services
- Hardware
- Asia Pacific Connected Logistics Transportation Mode Outlook (Revenue, USD Million, 2017-2030)
- Roadways
- Railways
- Airways
- Waterways
- Asia Pacific Connected Logistics Vertical Outlook (Revenue, USD Million, 2017-2030)
- Retail & E-commerce
- Automotive
- Aerospace & Defense
- Healthcare
- Energy
- Electronics & Semiconductors
- Others
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Target buyers of Asia Pacific connected logistics market databook
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Our clientele includes a mix of connected logistics 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 Asia Pacific connected logistics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific connected logistics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific connected logistics market size, by country, 2017-2030 (US$M)
Asia Pacific Connected Logistics Market Outlook Share, 2024 & 2030 (US$M)
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