Adoption of container tracking will accelerate in the coming years

According to the analyst firm Berg Insight, the market for shipping container tracking solutions has entered a growth period that will last for several years to come. The number of tracking systems with cellular or satellite communication for intermodal containers in active use is forecasted to grow at a compound annual growth rate of 66.9 percent from 77,000 units at the end of 2011 to 1.0 million by 2016. The penetration rate of remote tracking systems in the total population of intermodal containers is estimated to increase from 0.4 percent in 2011 to 3.6 percent in 2016. Aftermarket solutions mounted on high value cargo and refrigerated containers will be the first use cases to adopt container tracking. Tracking solutions can help transportation chain stakeholders to comply with regulations and security programs as well as increase the transportation efficiency. Proving the commercial value, finding efficient solutions for reverse logistics and bringing down hardware prices are key components to increase the adoption rate for container tracking solutions. Source: www.berginsight.com