In 2014 the shipment of tracking device dedicated to these markets was estimated at 430,000 units by the Swedish firm.
Growing at a compound annual growth rate (CAGR) of 26.2 percent, the installed base is expected to reach 5.8 million by 2019, according to research firm Berg Insight.
Tracking of trailers and swap bodies is the largest market segment and accounted for 71.3 percent of the total installed base of tracking units on trailers and cargo containers at the end of 2014. Intermodal container tracking is the second largest segment with an installed base of 350,000 tracking units at the end of 2014.
The maritime shipping industry has started to embrace real-time container tracking on a large scale. “The foremost example to date is Maersk Line that recently announced a major implementation” said Johan Svanberg, Senior Analyst, Berg Insight.
After several years of pilot projects, AT&T has now in collaboration with WAM Technologies (acquired by Orbcomm in October 2015) connected 290,000 of Maersk Line’s refrigerated intermodal containers.