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Smart pallet sensors market

Smart pallet sensors market

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Smart pallet sensors market

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. SMART PALLET SENSORS MARKET ANALYSIS • Smart Pallet Sensors Market, by Application (Inventory Management, Condition Monitoring, Asset Tracking & Monitoring, and Security Management), By End-use Industry (Healthcare, Warehousing & Transportation, Manufacturing, Food & Beverage, and Retail), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  3. Smart pallets are plastic or wooden pallets equipped with sensors for tracking products, which are in the supply chain. The smart pallets can measure the humidity and temperature inside the packages when placed upon the smart pallet. This plays an important role during the transportation of food and beverages, and healthcare products. In addition, smart pallet sensors can continuously communicate with the central management system, which helps organizations to track the package effectively and optimize the supply chain.   • The global smart pallet sensors market is expected to exhibit a CAGR of 4.2% over the forecast period (2019–2027). This is owing to increasing demand for optimizing the supply chain and tracking all the products that are transported, which in turn reduces the operational cost and product spoilage during the transportation. • However, data security concerns regarding the consignment is a major factor restraining growth of the market. Smart pallet sensors contain sensitive data related to customers' information and all other details of the consignment. A security breach can cause huge loss to a particular organization. • North America is estimated to account for largest market share in the global smart pallet sensors market in 2019 and is expected to retain its dominance over the forecast period. This is owing to increasing manufacturing and presence of large consumer electronic product manufacturers such as Apple Inc and Dell, which requires high-level tracking of all their products during transportation. For instance, according to Coherent Market Insights’ analysis, in 2019, the revenue of consumer electronics in North America region reached around US$ 300 billion, which is expected to increase over the forecast period. This creates lucrative opportunity for smart pallet sensor manufacturers in North America.  • Moreover, Asia Pacific region is expected to exhibit highest growth rate over the forecast period, owing to increasing e-commerce industry shipments in the region. Shipment tracking plays a key role in the e-commerce industry, for timely delivery of the package and for handling sensitive packages during transportation. For instance, according to the Economic and Social Commission for Asia and the Pacific, in 2015, the global e-commerce industry for the B2C e-commerce market was valued at US$ 2.3 trillion, which is expected to increase over the forecast period.

  4. Among application, the security management segment is expected to exhibit a considerable growth rate over the forecast period, owing to increasing demand for package tracking in various end-use industries such as manufacturing, food & beverages, retail, and e-commerce. Security management will enable organizations to work smarter and faster with efficiency and it helps to reduce the cut down on unwanted steps for handling product security and enhance customer experience with timely delivery of package. • Moreover, smart pallet sensors are majorly used in retail industries for inventory control and smart shelving of products, which will help in locating the products in the warehouse, reduce theft, and avoid unwanted replacements. Furthermore, smart pallet sensors can monitor, collect, and aggregate real-time temperature, proximity, and movement data. In addition, smart pallet sensors also detect the change in temperature of the product, which is loaded on the pallet, which in turn helps organizations to manage the quality of the product and reduce spoilage of products.  • Some of the major players operating in the global smart pallet sensors market include ADLINK Technology Inc., Ahrma Group, Ambrosus, Chainvu, Ennomotive, Lightning Technologies LLC., LogTrade, Metiora, NFC Group, RM2., TronicsZone, and others.

  5. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Buy Now Reference: https://www.coherentmarketinsights.com/ongoing-insight/pyroelectric-detector-market-3431

  6. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  7. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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