The Asia Pacific Connected Logistics Market would witness market growth of 14.9% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Connected Logistics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6,980.2 million by 2031. The Japan market is registering a CAGR of 14.1% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 15.6% during (2024 - 2031).
Last-mile delivery is another key application area where connected logistics solutions are making a significant impact. Delivery companies leverage route optimization algorithms, GPS tracking, and mobile technologies to optimize delivery routes, minimize delivery times, and give customers real-time visibility into their shipments' status.
Moreover, several trends are shaping the evolution of the market. One prominent trend is the convergence of connected logistics with other emerging technologies such as AI (Artificial Intelligence), machine learning, and blockchain. AI-powered analytics and predictive algorithms enhance the capabilities of connected logistics platforms by providing actionable insights and recommendations to optimize supply chain operations.
According to data from the International Trade Administration, over 26 million vehicles were sold in China in 2021, including 21.48 million passenger vehicles, an increase of 7.1% from 2020. Commercial vehicle sales reached 4.79 million units. Domestic production is expected to reach 35 million vehicles by 2025. Hence, the growing automotive sector in Asia Pacific will drive the growth of the regional market.
Free Valuable Insights: The Global Connected Logistics Market is Predict to reach USD 91 Billion by 2031, at a CAGR of 14.0%
Based on Component, the market is segmented into Hardware (Sensor Nodes, RFID Tags, Communication Devices, Tracking Devices, and Others), Software (Warehouse Management, Fleet Management, Freight Transportation Management, Asset Tracking & Management, Data Management & Analytics, and Others), and Services (Integration & Deployment, Support & Maintenance, Consulting, and Managed Services). Based on Transportation Mode, the market is segmented into Roadways, Railways, Airways, and Waterways. Based on Technology, the market is segmented into Wi-Fi, Bluetooth, Satellite, Cellular, and Others. Based on Vertical, the market is segmented into Retail & E-commerce, Automotive, Aerospace & Defense, Healthcare, Energy, Electronics & Semiconductors, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Component
By Transportation Mode
By Technology
By Vertical
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 