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Secure Logistics Market to Grow by USD 32.74 Billion (2024-2028) Driven by AI and Increasing Demand for Secure Global Cash Circulation

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NEW YORK, Oct. 3, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global secure logistics market size is estimated to grow by USD 32.74 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 7.4%  during the forecast period. Rising need for secure logistics for global cash circulation is driving market growth, with a trend towards growing ability to track shipments. However, competition from multiple secure logistics players  poses a challenge. Key market players include AGS Transact Technologies Ltd., Allied Universal, Cash Logistik Security AG, CMS Info Systems Ltd., GardaWorld Security Corp., Security Logistics Co., Japan Post Holdings Co. Ltd., Loomis AB, Paragon Security, Prosegur Compania de Seguridad SA, Securitas AB, Security Plus Group, SIS Ltd., SSL Logistics, StorageVault Canada Inc., The Brinks Co., and Writer Business Services Pvt. Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Secure Logistics Market Scope

Report Coverage

Details

Base year

2023

Historic period

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.4%

Market growth 2024-2028

USD 32736.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.75

Regional analysis

APAC, North America, Europe, Middle East and
Africa, and South America

Performing market contribution

APAC at 37%

Key countries

US, China, Canada, Germany, India, and UK

Key companies profiled

AGS Transact Technologies Ltd., Allied
Universal, Cash Logistik Security AG, CMS Info
Systems Ltd., GardaWorld Security Corp.,
Global Security Logistics Co., Japan Post
Holdings Co. Ltd., Loomis AB, Paragon Security,
Prosegur Compania de Seguridad SA, Securitas
AB, Security Plus Group, SIS Ltd., SSL
Logistics, StorageVault Canada Inc., The Brinks
Co., and Writer Business Services Pvt. Ltd.

Market Driver

Secure logistics providers offer consumers a tracking code to monitor the progress and estimated arrival time of their shipments. This feature, enabled by various tracking technologies, provides numerous benefits. By keeping track of pick-up times and total transit durations, shippers can optimize costs and enhance logistics performance. Real-time visibility into shipment locations allows for quick response to delays and the ability to adjust transportation methods for improvement. Advanced notifications about delivery status help manage customer expectations and prevent dissatisfaction. Technologies like Automatic Identification and Data Capture (AIDC), barcode readers, and Radio-Frequency Identification (RFID) are commonly used for tracking. AIDC includes barcode readers and RFID, which utilize radio waves for data recognition. Bluetooth-enabled devices and real-time tracking technologies provide near-real-time coverage, enabling accurate shipment monitoring and theft prevention. Traditional tracking methods remain relevant, but advancements in technology continue to improve supply chain visibility. 

Secure logistics is a crucial aspect of supply chain management, ensuring the safe transport and storage of valuable goods. Deregulation and foreign direct investments are driving growth in this market, with high net-worth individuals and wealth management services also utilizing secure logistics for diamonds, fine arts, and other high-value items. Technology trends like blockchain, IoT, AI, and machine learning algorithms are enhancing security and efficiency. Governmental agencies and international regulations play a key role in setting standards for cash logistics, manufacturing, public infrastructure, and transportation modes like road, rail, air, and e-commerce. Static and mobile secure logistics solutions cater to various industries, including financial institutions, retailers, and inventory management. Real-time monitoring using RFID, GPS, and security personnel, along with armored vehicles and airplanes, ensure confidentiality and product authenticity for temperature-sensitive goods and valuable items. Outsourcing services in cash logistics, IT, and ATM management further strengthen the secure logistics market. 

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 Market Challenges

The global secure logistics market is characterized by the presence of numerous competitors offering similar services, driven by the forces of globalization. To stand out, logistics providers must adapt to customers’ unique needs, focusing on cost optimization and efficient order processing. Reducing transport delays and minimizing fuel costs are essential for cost optimization. Order processing involves accurately and swiftly handling orders to ensure customer satisfaction. Maintaining well-maintained fixed assets is crucial for consistent earnings and long-term success. In the competitive secure logistics market, companies that effectively implement these strategies gain a competitive edge.Secure logistics is a critical business function that ensures the safe and efficient transportation of valuable goods. Challenges in this market include managing Radio Frequency Identification (RFID) and Global Positioning System (GPS) tracking for real-time monitoring. Security personnel, armored vehicles, and advanced technology like GPS tracking systems and tamper evident seals are essential for safeguarding cargo. Valuables such as fine arts, precious metals, and rare materials require extra security measures. Outsourcing logistics to IT services and cash management companies can improve efficiency but raises concerns over confidentiality and regulatory compliance. Temperature-sensitive products and time-critical deliveries add complexity. Security technology, weapon handling, and armed personnel are necessary for defense instruments, jewels, gems, and cash-in-transit. Robbery is a constant threat, making reliable SLA management crucial. Product authenticity is another challenge, especially for high-value items like precious metals and rare minerals. Last-mile delivery and cross-border transport require security measures. Brink Incorporated, Cash Services, and Security Services are key players in this market, offering armored car transportation and ATM management solutions.

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Segment Overview 

This secure logistics market report extensively covers market segmentation by  

Service 1.1 Security services1.2 Cash servicesGeography 2.1 APAC2.2 North America2.3 Europe2.4 Middle East and Africa2.5 South America

1.1 Security services-  The outsourcing of security services is on the rise due to the financial advantages of delegating non-core activities to established vendors. This global trend is driven by the high costs associated with maintaining an in-house security team, including recruitment and management. Securitas and G4S are leading vendors in this market, offering fully maintained security teams without requiring intervention from the client. Their trained workforce caters to diverse user requirements, such as corporate clients, shopping malls, individual customers, and airports. These factors are expected to fuel the growth of the secure logistics market in the forecast period.

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Research Analysis

Secure logistics is a critical component of the supply chain, ensuring the safe and efficient transportation and storage of high-value goods. Deregulation and Foreign Direct Investments have fueled the growth of this market, particularly in emerging economies. Wealth management services and High Net-worth Individuals (HNWIs) have increased the demand for secure logistics solutions, including cash logistics and inventory management. Technological advancements, such as Blockchain, Internet of Things (IoT), Artificial Intelligence (AI), and Machine Learning algorithms, are revolutionizing secure logistics. Real-time monitoring through GPS and RFID technology, security personnel, armored vehicles, and cash-in-transit companies are essential players in this market. The transportation sector includes airplanes, while warehousing and cash management services are crucial for secure storage. Diamonds and gemstones require specialized secure logistics solutions due to their high value and vulnerability to theft. Cash services, including ATMs and cash management systems, are a significant segment of the market. Electronic payment systems have also increased the demand for secure logistics services to ensure the safety of digital transactions. Security services, including cash-in-transit companies and financial organizations, are key stakeholders in the secure logistics market. The integration of AI and machine learning algorithms in inventory management and transportation optimizes operations and reduces risks. Overall, the secure logistics market is a dynamic and evolving industry that plays a vital role in the global economy.

Market Research Overview

Secure logistics is a specialized field of supply chain management that focuses on the safe and efficient transportation and storage of high-value goods. With deregulation and increased foreign direct investments, the market for secure logistics has seen significant growth. High net-worth individuals and wealth management services are major consumers of secure logistics services for diamonds, manufacturing components, public infrastructure, and other valuable assets. Technological advancements such as blockchain, Internet of Things, artificial intelligence, and machine learning algorithms are transforming the industry, providing real-time monitoring, confidentiality, and regulatory compliance. Governmental agencies and international regulations play a crucial role in shaping the secure logistics landscape. Cash logistics, including cash management, ATM services, and cash-in-transit companies, are a significant segment of the secure logistics market. Temperature-sensitive products, fine arts, precious metals, and security technology are other key areas of focus. Static and mobile types of secure logistics cater to various industries, including retail, e-commerce, transportation, and warehousing. Security technology, such as tamper evident seals, GPS tracking systems, and armed security personnel, is essential for secure transportation of goods. Last mile delivery, cargo transportation, and defense instruments are other important applications of secure logistics. Outsourcing, IT services, and cross-border transport are also driving the growth of the market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ServiceSecurity ServicesCash ServicesGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

Chef Robotics Physical AI Models Can Now Automate Baked Goods Packing

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SAN FRANCISCO, April 29, 2026 /PRNewswire/ — Chef Robotics, a leader in physical AI for the food industry, today announced that Chef robots can now automate tray assembly for baked goods packing. The application places baked products, such as burger buns, chocolate chip cookies, biscotti, butter cookies, biscuits, fortune cookies, granola bars, rusks, and shortbreads into trays and packaging containers before sealing.

Watch Chef robots in action.

Baked goods packing has historically been difficult to automate for high-mix production. Each item behaves differently on the production line—a granola bar compresses under the wrong grip, while a biscotti or rusk can crack if placed at the wrong angle. Surface textures range from glazed and smooth to crumbly and irregular, and strict presentation requirements leave little room for error. This variability has made it challenging for automation systems to reliably handle baked goods at production speeds, leaving food manufacturers dependent on manual labor and traditional bakery equipment.

To address this, Chef built its baked goods packing application on its existing piece-picking capability, which uses Chef’s AI-powered computer vision and physical AI models trained across diverse real-world production environments. This allows Chef robots to assess each item’s position, shape, and orientation in real time and determine how to pick the items from the pan and place them quickly and precisely without damaging them.

The baked goods packing application supports four distinct placement capabilities.

First, Chef’s vision system detects the angle at which each item sits in the pan and reorients it after picking, placing it on the tray at the exact angle required, regardless of its original position, enabling retail-ready presentation for SKUs that require precise angular placement.

Second, Chef robots can place multiple baked goods into the same packaging container in a single automated pass, completing full tray assembly without manual intervention.

Third, for packaging containers with multiple small compartments, Chef robots can precisely place items into each designated section, including multiple items in the same compartment, using Chef’s AI vision model to detect compartment positions and orientations in real time.

Fourth, Chef’s vision system identifies the exact center of each tray and places every item at a predefined offset from that center, ensuring a uniform, consistent arrangement across every pack regardless of how trays arrive on the conveyor.

For food manufacturers evaluating bakery systems and baked goods packaging automation, the application offers higher throughput, reduced labor dependency, and consistent presentation across shifts. The capability runs on Chef’s existing robotic hardware and software, allowing manufacturers to deploy it without requiring any changes to their production lines.

Chef’s baked goods packing application is available in the U.S., Canada, Germany, and the UK and is included as part of Chef’s robotics-as-a-service (RaaS) pricing model.

About Chef Robotics
Chef is the first company to have commercialized a scalable AI-driven food robotics solution. With over 104 million servings made in production, Chef leverages ChefOS, an AI platform for food manipulation, to offer a Robotics-as-a-Service solution that helps industry-leading food companies increase production volume and meet demand. Headquartered in San Francisco, CA, Chef aims to empower humans to do what humans do best by accelerating the advent of intelligent machines. Visit https://chefrobotics.ai to learn more.

View original content:https://www.prnewswire.com/news-releases/chef-robotics-physical-ai-models-can-now-automate-baked-goods-packing-302756923.html

SOURCE Chef Robotics

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Technology

Chef Robotics Physical AI Models Can Now Automate Baked Goods Packing

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on

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SAN FRANCISCO, April 29, 2026 /PRNewswire/ — Chef Robotics, a leader in physical AI for the food industry, today announced that Chef robots can now automate tray assembly for baked goods packing. The application places baked products, such as burger buns, chocolate chip cookies, biscotti, butter cookies, biscuits, fortune cookies, granola bars, rusks, and shortbreads into trays and packaging containers before sealing.

Watch Chef robots in action.

Baked goods packing has historically been difficult to automate for high-mix production. Each item behaves differently on the production line—a granola bar compresses under the wrong grip, while a biscotti or rusk can crack if placed at the wrong angle. Surface textures range from glazed and smooth to crumbly and irregular, and strict presentation requirements leave little room for error. This variability has made it challenging for automation systems to reliably handle baked goods at production speeds, leaving food manufacturers dependent on manual labor and traditional bakery equipment.

To address this, Chef built its baked goods packing application on its existing piece-picking capability, which uses Chef’s AI-powered computer vision and physical AI models trained across diverse real-world production environments. This allows Chef robots to assess each item’s position, shape, and orientation in real time and determine how to pick the items from the pan and place them quickly and precisely without damaging them.

The baked goods packing application supports four distinct placement capabilities.

First, Chef’s vision system detects the angle at which each item sits in the pan and reorients it after picking, placing it on the tray at the exact angle required, regardless of its original position, enabling retail-ready presentation for SKUs that require precise angular placement.

Second, Chef robots can place multiple baked goods into the same packaging container in a single automated pass, completing full tray assembly without manual intervention.

Third, for packaging containers with multiple small compartments, Chef robots can precisely place items into each designated section, including multiple items in the same compartment, using Chef’s AI vision model to detect compartment positions and orientations in real time.

Fourth, Chef’s vision system identifies the exact center of each tray and places every item at a predefined offset from that center, ensuring a uniform, consistent arrangement across every pack regardless of how trays arrive on the conveyor.

For food manufacturers evaluating bakery systems and baked goods packaging automation, the application offers higher throughput, reduced labor dependency, and consistent presentation across shifts. The capability runs on Chef’s existing robotic hardware and software, allowing manufacturers to deploy it without requiring any changes to their production lines.

Chef’s baked goods packing application is available in the U.S., Canada, Germany, and the UK and is included as part of Chef’s robotics-as-a-service (RaaS) pricing model.

About Chef Robotics
Chef is the first company to have commercialized a scalable AI-driven food robotics solution. With over 104 million servings made in production, Chef leverages ChefOS, an AI platform for food manipulation, to offer a Robotics-as-a-Service solution that helps industry-leading food companies increase production volume and meet demand. Headquartered in San Francisco, CA, Chef aims to empower humans to do what humans do best by accelerating the advent of intelligent machines. Visit https://chefrobotics.ai to learn more.

View original content:https://www.prnewswire.com/news-releases/chef-robotics-physical-ai-models-can-now-automate-baked-goods-packing-302756923.html

SOURCE Chef Robotics

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Air Products to Expand Industrial Gas Supply for Samsung Electronics’ Next-Generation Semiconductor Fab in South Korea

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New investment underscores the company’s long-term commitment to Korea and its leading role in the global semiconductor industry 

LEHIGH VALLEY, Pa., April 29, 2026 /PRNewswire/ — Air Products (NYSE:APD), a world-leading industrial gases company and serving Samsung globally, today announced it has been selected by Samsung to supply industrial gases for its new advanced semiconductor fab in Pyeongtaek, Gyeonggi Province, South Korea.

Under the agreement, Air Products will build, own and operate multiple state-of-the-art production facilities and a bulk specialty gas supply system to supply nitrogen, oxygen, argon, and hydrogen for Samsung’s new semiconductor fab. The new facilities are expected to come onstream in multiple phases from 2028 through 2030.

Air Products has a long track record of executing multiple phase expansions in Pyeongtaek to support Samsung’s growing manufacturing needs. This latest project represents Air Products’ largest investment to date in the semiconductor industry and will establish Pyeongtaek as the company’s single largest operations site globally supporting the electronics industry. 

“Air Products is honored to be selected once again by Samsung and to have their continued confidence as a trusted partner supporting their strategic growth plans,” said SR Kim, President, Air Products Korea. “This significant investment reinforces Air Products’ role as a leading global supplier to the semiconductor industry and underscores our long-standing commitment to supporting our strategic customers with safety, reliability, efficiency and excellent service.”

Air Products has served the global electronics industry for more than 40 years, supplying industrial gases safely and reliably to many of the world’s leading technology companies. The company has operated in Korea for more than 50 years and has established a strong position in electronics and manufacturing sectors.

About Air Products

Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 85 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical and food. As the leading global supplier of hydrogen, Air Products also develops, engineers, builds, owns and operates some of the world’s largest clean hydrogen projects, supporting the transition to low- and zero-carbon energy in the industrial and heavy-duty transportation sectors. Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems and cryogenic containers globally.

Air Products had fiscal 2025 sales of $12 billion from operations in approximately 50 countries. For more information, visit airproducts.com or follow us on LinkedInXFacebook or Instagram.

This release contains “forward-looking statements” within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s expectations and assumptions as of the date of this release and are not guarantees of future performance. While forward-looking statements are made in good faith and based on assumptions, expectations and projections that management believes are reasonable based on currently available information, actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors, including the risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025 and other factors disclosed in our filings with the Securities and Exchange Commission. Except as required by law, we disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based.

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SOURCE Air Products

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