Cold chain sensors are devices used to monitor environmental parameters in cold chain logistics. They can collect and transmit key data in real time to ensure the quality and safety of goods during transportation. ‌

Overview of Market Development

In recent years, with the increasing demand for cold chain logistics, the market size of cold chain sensors as key monitoring equipment has continued to expand. According to our research data, the estimated revenue of the global cold chain sensor market in 2024 is $1530 million, an increase of 4.48% compared to 2023.

It is predicted that in the next few years, technological innovation and the application of advanced technologies such as the Internet of Things and big data will further promote market development. Meanwhile, with the increasing global demand for food safety and drug quality, the role of cold chain sensors in ensuring product quality is becoming increasingly prominent, and market demand will further increase. It is expected that by 2029, the global cold chain sensor market revenue will increase to $2091 million. The CAGR for 2024-2029 is estimated to be 6.45%.

Segmented Market Analysis

From the perspective of product types, cold chain sensors can be subdivided into temperature sensors, humidity sensors, hybrid sensors, pressure sensors, and so on based on their different functions. Among them, temperature sensors occupy the largest market share, estimated at 44.03% in 2024.

From the perspective of downstream application patterns, cold chain sensors are widely used in various fields such as logistics, food services, retail, and pharmaceuticals. Among them, the logistics sector is the largest downstream application market, with an estimated application share of 45.14% in 2024.

Source: www.globalmarketmonitor.com

Analysis of Market Competition Pattern

From the perspective of market competition, the concentration of the global cold chain sensor market is low. According to the data, the total revenue of the cold chain sensor market for the top 3 companies in the industry in 2023 is $191 million, with a total revenue share of less than 20%. The top three companies were Sensech, Testo, and Rotronic. In 2023, these three companies accounted for 10.12%, 7.89%, and 1.85% of the global market revenue in the cold chain sensor market, respectively.

Companies	Market Revenue (Million USD)	Market Share
Sensitech	148	10.12%
Testo	116	7.89%
Rotronic	27	1.85%
Top3 Companies	191	19.86%

Source: www.globalmarketmonitor.com