A pallet is a portable, horizontal, rigid, composite stand, which is majorly getting adopted as a base for assembling, storing, arranging, stacking, handling, and transporting goods. Moreover, pallets are used to stack, store, and transport materials through material handling equipment such as forklifts, pallet jacks, or conveyors. Moreover, pallets are majorly adopted during the racking or bulk storage of various products. These pallets are equipped with various sensors for temperature monitoring, humidity monitoring, and location tracking, which in turn increases transparency across the whole supply chain.
Market Dynamics:
Increasing manufacturing output across various end-use industries such as construction and furniture industries in emerging economies such as India and Canada is expected to drive demand for small pallet sensors over the forecast period. For instance, according to India Brand Equity Foundation, through Make in India initiative, the Central Government of India is trying to increase the share of the manufacturing sector in GDP to 25% by the year 2022.
Moreover, rising usage of IoT in the supply chain is expected to propel market growth over the forecast period. IoT includes connecting any device to the Internet and/or to each other. It can be used for connecting the pallets with the central system through the Internet, thereby increasing the efficiency of organizations spending on the transportation of materials.
Key features of the study:
- This report provides in-depth analysis of global smart pallet sensors market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023– 2030), considering 2022 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by leading players
- It profiles leading players in the global smart pallet sensors market systems based on the following parameters – company overview, financial performance, product portfolio, geographical presence, smart pallet sensors market capital, key developments, strategies, and future plans
- Companies covered as part of this study include ADLINK Technology Inc., Ahrma Group, Ambrosus, Chainvu, Ennomotive, Lightning Technologies LLC., LogTrade, Metiora, NFC Group, RM2., TronicsZone, and others
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, product upgrades, market expansion, and marketing tactics
- The global smart pallet sensors market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global smart pallet sensors market
Detailed Segmentation:
- Global Smart Pallet Sensors Market, By Application:
- Inventory Management
- Condition Monitoring
- Asset Tracking & Monitoring
- Security Management
- Global Smart Pallet Sensors Market, By End-use Industry:
- Healthcare
- Warehousing & Transportation
- Manufacturing
- Food & Beverage
- Retail
- Company Profiles:
- ADLINK Technology Inc
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Ahrma Group
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Ambrosus
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Chainvu
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Ennomotive
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Lightning Technologies LLC.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- LogTrade
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Metiora
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- NFC Group
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- RM2
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- TronicsZone
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
