Cold Chain Monitoring Market Trends & Growth Drivers – 2026

 

The global cold chain monitoring market size is projected to USD 10.2 billion by 2026 from USD 5.3 billion in 2022 at a compound annual growth rate (CAGR) of 16.6% during the forecast period.

It was observed that the growth rate was 11.6% from 2021 to 2022. Software segment is expected to witness higher CAGR of 17.8%.The primary reasons for this rise in demand for cold chain monitoring products in pharmaceuticals & healthcare application.

The market for NIR & SWIR to grow at the highest CAGR Cold chain monitoring market, by verticals, in 2026

Near-infrared light is referred to as light within the wavenumber range of 12,500–4,000 cm (wavelength from 800 to 2,500 nm). The near-infrared (NIR) spectrum typically ranges from 0.7 to 1.0 ìm.

The absorption of near-infrared light is based on the vibration of the material. However, it is much weaker in intensity as compared to the mid-infrared light absorption as it is based on overtones and combined tones in the mid-infrared light region. Therefore, the measurement of samples featuring weak absorption is difficult, but the fact that samples can be measured without being diluted is an advantage.

The market for the cooled cold chain monitorings to grow at the highest CAGR during the forecast period

Cold chain monitorings made using materials such as mercury cadmium telluride (HgCdTe) and indium antimonide (InSb) require mechanical cooling to increase their signal-to-noise ratio to usable levels.

Indium gallium arsenide (InGaAs)-based detectors exhibit sensitivity similar to that of HgCdTe- and InSb-based detectors at room temperature; however, they can be cooled to increase their sensitivity. The cooled cold chain monitorings are usually cooled thermoelectrically or cryogenically. In some cases, liquid nitrogen is also used for the cooling of detectors.

Cooling decreases the temperature of the detector, allowing it to reduce thermally induced noise to a minimal level and improving its performance. However, cooled cold chain monitorings are more expensive than uncooled ones, which restricts their mass adoption. Cooled cold chain monitorings find applications in scientific research, astronomy, security and surveillance, and spectroscopy, among others, where high accuracy is of utmost importance.

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Americas to hold the largest share of Cold chain monitoring market

North America is the largest market for cold chain monitoring in the Americas at present and is likely to exhibit a similar trend during the forecast period.

Increasing demand for chilled and frozen food products in North American countries is likely to trigger the demand for cold chain monitoring solutions in the region. Cold chain monitoring infrastructure includes refrigerated storage and refrigerated transport. The escalating demand for dairy products, vegetables, and fruits is increasing the imports, as well as exports of exotic vegetables and fruits and dairy products, which is also boosting the demand for cold chain monitoring solutions.

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