
Adoption of cold chain telematics solutions for refrigerated trucks and containers is set to grow extensively over the coming years across various verticals, surpassing $2.5 billion in 2032, according to research by ABI Research.
“Innovations in cold chain telematics have revolutionized the supply chain landscape by providing real-time monitoring and enhanced data analytics. This has led to increased adoptions in the food and beverage, chemical, and pharmaceutical industries as supply chains look to ensure product integrity and adhere to regulatory compliance. The capability to track temperature, humidity, and location throughout the supply chain reduces spoilage and boosts customer confidence in product quality,” says Adhish Luitel, supply chain management and logistics principal analyst at ABI Research.
Key takeaways:
- This growth in adoption stems from technological innovations, leading to more advanced use cases that cater to efficient cold chain management.
- These revenues will consist of hardware sales as well as recurring monthly Software-as-a-Service (SaaS) revenues.
“The future outlook of the adoption of cold chain telematics solutions looks very promising, with continuous advancements expected to further precision and efficiency, enabling more use cases. As technology improves, we can anticipate a much wider integration of AI and IoT applications. This can build smarter and more proactive cold chain systems that could preemptively address potential issues,” says Luitel.