Latin America Cold Chain Monitoring Market Size & Outlook
Latin America cold chain monitoring market, 2017-2030 (US$M)
Related Markets
Latin America cold chain monitoring market highlights
- The Latin America cold chain monitoring market generated a revenue of USD 2,544.5 million in 2023.
- The market is expected to grow at a CAGR of 23.2% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 2,544.5 million |
| Market revenue in 2030 | USD 10,933.2 million |
| Growth rate | 23.2% (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, Latin America region accounted for 8.8% 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 |
|---|
Latin America 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 81% in 2023. Horizon Databook has segmented the Latin America cold chain monitoring market based on hardware, software covering the revenue growth of each sub-segment from 2017 to 2030.
- Latin America Cold Chain Monitoring Component Outlook (Revenue, USD Million, 2017-2030)
- Hardware
- Sensors
- RFID Devices
- Telematics
- Networking Devices
- Others
- Software
- On-premise
- Cloud-based
- Hardware
- Latin America Cold Chain Monitoring Application Outlook (Revenue, USD Million, 2017-2030)
- Food & Beverages
- Fruits & Vegetables
- Fruit Pulp & Concentrates
- Dairy Products
- Milk
- Butter
- Cheese
- Ice cream
- Others
- Fish, Meat, and Seafood
- Processed Food
- Bakery & Confectionary
- Others
- Pharmaceuticals
- Vaccines
- Blood Banking
- Others
- Others
- Food & Beverages
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Target buyers of Latin America 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 Latin America cold chain monitoring market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cold chain monitoring market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America cold chain monitoring market size, by country, 2017-2030 (US$M)
Latin America Cold Chain Monitoring Market Outlook Share, 2023 & 2030 (US$M)
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