Connected Logistic Market Trends and Forecast
The future of the global connected logistic market looks promising with opportunities in the aerospace & defense, automotive, electronics & semiconductors, energy, healthcare, and retail & e-commerce markets. The global connected logistic market is expected to reach an estimated $71.7 billion by 2030 with a CAGR of 10.6% from 2024 to 2030. The major drivers for this market are increasing integration of IoT devices in the logistics industry, growing need for secure authentication and tracking of shipments, and rapid expansion of e-commerce sector.
• Lucintel forecasts that software is expected to witness the highest growth over the forecast period.
• Within this market, aerospace & defense is expected to witness the highest growth.
• North America is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Connected Logistic Market
• United States: In the United States, companies like Amazon and FedEx are leading initiatives in connected logistics. Amazon has been expanding its use of IoT devices and data analytics to optimize warehouse operations and improve delivery efficiency. FedEx has invested in technology to enhance shipment tracking and real-time visibility, improving customer experience and operational efficiency. Government initiatives focus on promoting digital infrastructure and data security to support connected logistics technologies. Programs like the National Strategy for Supply Chain Resilience aim to strengthen supply chain capabilities through innovation and technology adoption.
• India: In India, companies are increasingly adopting connected logistics solutions to improve efficiency in a growing market. Startups like Rivigo have introduced IoT-enabled tracking and predictive analytics to optimize trucking operations and reduce transit times. The Indian governmentÄX%$%Xs ÄX%$%XDigital IndiaÄX%$%X initiative and investments in logistics infrastructure under schemes like Bharatmala aim to modernize logistics networks and support the adoption of connected logistics technologies.
• China: ChinaÄX%$%Xs connected logistics market is rapidly evolving with investments in digital infrastructure and smart logistics solutions. Companies like JD Logistics have implemented AI and big data analytics to enhance supply chain visibility and operational efficiency. The Chinese governmentÄX%$%Xs policies, including the ÄX%$%XInternet PlusÄX%$%X initiative and support for digital transformation in logistics, aim to boost innovation and competitiveness in connected logistics technologies.
• Germany: Germany is at the forefront of connected logistics in Europe, with companies like DHL leveraging IoT and blockchain for enhanced supply chain transparency and efficiency. DB Schenker has implemented digital platforms for real-time tracking and optimization of logistics operations, improving service reliability and sustainability
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Connected Logistic Market by Segment
The study includes a forecast for the global connected logistic market by offering, transport, end use, and region.
Connected Logistic Market by Offering [Value from 2018 to 2030]:
• Hardware
• Services
• Software
Connected Logistic Market by Transport [Value from 2018 to 2030]:
• Airways
• Railways
• Roadways
• Waterways
Connected Logistic Market by End Use [Value from 2018 to 2030]:
• Aerospace & Defense
• Automotive
• Electronics & Semiconductors
• Energy
• Healthcare
• Retail & E-Commerce
• Others
Connected Logistic Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Connected Logistic Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies connected logistic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the connected logistic companies profiled in this report include-
• Cisco System
• Intel
• The EuroTech
• Freightgate
• HCL Technology
• Honeywell International
• IBM Corporation
Recent Development in the Connected Logistic Market
• Amazon: Amazon: Amazon has been leveraging AWS IoT services to enhance connected logistics capabilities. AWS IoT enables Amazon to deploy IoT devices across its supply chain for real-time tracking of inventory, optimizing warehouse operations, and improving delivery efficiency. This initiative supports AmazonÄX%$%Xs goal of maintaining high levels of customer satisfaction through faster and more reliable logistics operations.
• DHL: DHL: DHL has integrated IoT and blockchain technology into its logistics operations to improve transparency and efficiency. IoT devices provide real-time data on shipment conditions such as location, temperature, and humidity. Blockchain ensures data integrity and security across the supply chain, enhancing trust and visibility for stakeholders. DHLÄX%$%Xs initiative aims to streamline logistics processes, reduce costs, and mitigate risks associated with shipment handling.
• JD Logistics: JD Logistics: JD Logistics has implemented AI-driven smart logistics solutions to optimize supply chain operations. AI algorithms analyze vast amounts of data to forecast demand, optimize routing, and improve warehouse management. JD LogisticsÄX%$%X initiative includes autonomous delivery vehicles and smart warehouses equipped with IoT sensors for real-time monitoring. These technologies aim to enhance delivery speed, accuracy, and customer satisfaction while reducing operational costs.
• Maersk Line: Maersk Line: Maersk, in partnership with IBM, launched TradeLens, a blockchain-enabled platform for global supply chain visibility. TradeLens digitizes trade processes, providing real-time information on container status, customs documentation, and logistics milestones. By leveraging blockchain technology, Maersk aims to enhance transparency, streamline documentation flows, and reduce administrative costs for global shipping and logistics stakeholders
Features of the Global Connected Logistic Market
Market Size Estimates: Connected logistic market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Connected logistic market size by offering, transport, end use, and region in terms of value ($B).
Regional Analysis: Connected logistic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different offerings, transports, end uses, and regions for the connected logistic market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the connected logistic market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the connected logistic market size?
Answer: The global connected logistic market is expected to reach an estimated $71.7 billion by 2030.
Q2. What is the growth forecast for connected logistic market?
Answer: The global connected logistic market is expected to grow with a CAGR of 10.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the connected logistic market?
Answer: The major drivers for this market are increasing integration of IoT devices in the logistics industry, growing need for secure authentication and tracking of shipments, and rapid expansion of e-commerce sector.
Q4. What are the major segments for connected logistic market?
Answer: The future of the connected logistic market looks promising with opportunities in the aerospace & defense, automotive, electronics & semiconductors, energy, healthcare, and retail & e-commerce markets.
Q5. Who are the key connected logistic market companies?
Answer: Some of the key connected logistic companies are as follows:
• Cisco System
• Intel
• The EuroTech
• Freightgate
• HCL Technology
• Honeywell International
• IBM Corporation
Q6. Which connected logistic market segment will be the largest in future?
Answer: Lucintel forecasts that software is expected to witness the highest growth over the forecast period.
Q7. In connected logistic market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the connected logistic market by offering (hardware, services, and software), transport (airways, railways, roadways, and waterways), end use (aerospace & defense, automotive, electronics & semiconductors, energy, healthcare, retail & e-commerce, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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