Connected logistics market to hit $47.6bn valuation by 2029 backed by MaaS for fleet management

The global connected logistics market stands at a valuation of US$22.2 billion (€21.61 billion) in 2022 and is projected to reach $47.6 billion (€46.34 billion) by the end of 2029. Demand for connected logistics is estimated to increase at a compound annual growth rate (CAGR) of 11.5% over the forecast period (2022-2029).

Read more

Internet of packaging to bring the industry at the cusp of revolution?

Internet of Things (IoT) has become the buzzword for all businesses these days. The concept of connecting everything- from your watch to door locks- has grabbed the fancy of many consumers and industry honchos alike. At present, between 20 and 50 billion devices are internet compatible. Inevitably, the conclusion is that the industry is becoming

Read more

Global container handling equipment demand influenced by electric and hybrid vehicles

According to a new market intelligence study by an ESOMAR-certified market research and consulting firm, the global market for container handling equipment is expected to increase at a value CAGR of 4.2% over the forecast period, to reach a market surpass US$2 billion (€1.70 billion) by 2031.

Read more

Demand for unmanned traffic management systems to surge on aerial vehicles and UAVs

As of now, North America accounts for a majority of the market share for unmanned traffic management (UTM) systems, followed by Europe. This is due to high penetration of autonomous aerial vehicles, UAVs, conventional aircraft, and drones in the region.

Read more

LiDAR sensor market to expand 300% by 2031, backed by adoption of IoT

The global automotive industry is experiencing revolutionising changes with integration of IoT devices. Self-driving and connected cars are boosting demand for LiDAR sensors, as these helps self-driving vehicles identify obstacles in their path.

Read more