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Smart Luggage Market growth is accredited to the rising per capita income and shift in the consumer demands for convenient lifestyle. The demand for user friendly luggage for practical applications will surge the industry demand in the next few years. The penetration of advanced technologies such as Bluetooth, PS and digital scaling which enables the users to check the weight of the baggage and offer locking proximity alternatives.The connectivity technology segment is expected to witness growth in the smart luggage market due to the demand from the customers to access the luggage with convenience. It also enables the users to get insights on the gates, currency exchange and flight schedules. This connected smart luggage are designed such that to shut down when it is on board and automatically switch on while landing to meet the regulations of the government regarding the usage of wireless technologies.
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The digital scaling application segment will have the highest growth in the smart luggage market due to the escalating demand from the consumer side to analyze the total weight of the bag prior to the journey. This enables the travelers to avoid the hassles associated with the travel and also eliminates the risks associated with over packing.
The fact that smart luggage is now a buzzword for the tech-savvy traveler legitimizes the massive commercialization matrix of smart luggage market. A prime factor that has augmented the popularity of this product is the substantial rise in the number of air travelers that has led to strict security compliance at airports. Furthermore, there has been an increase in the cases of baggage theft and luggage damage during travel lately, which has pushed the demand for connected suitcases and bags, thereby stimulating smart luggage industry share.
The Asia Pacific smart luggage market is expected to witness high growth owing to the rising urbanization and increase in the air traffic levels specifically in countries such as Malaysia and Singapore. Many organizations are heavily investing in the technology as it enables them to offer better customer experiences and monitor the process based on different insights. Furthermore, a rising demand for sophisticated and varied luggage products, numerous trendy and intelligent suitcase categories have escalated the demand for these products.
North America, being one of the hubs of smart technology, is a profitable growth avenue for smart luggage market. The large-scale deployment of connected baggage has prompted companies to brainstorm and develop innovative products, which would considerably impel North America smart luggage industry. In fact, estimates claim North America to account for a rather huge share in smart luggage market.
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Key players participating in the smart luggage market include: Bluesmart, Delsey, Samsonite, Away, Trunkster, Reden, Barracuda, and Lugloc. The industry is highly consolidated due to the presence of few major companies which are constantly coming up with new technologies and tech-savvy features. Furthermore, these companies are also working towards enhancing the current range of products and new product development to gain the competitive advantage.
Table Of Content For This Research Report:
Chapter 4. Smart Luggage Market, By Technology
4.1. Global smart luggage market share by technology, 2016 & 2024
4.2. Connectivity
4.2.1. Smart luggage market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.2.3. Wi-Fi
4.2.3.1. Market estimates and forecast, 2013 - 2024
4.2.3.2. Market estimates and forecast, by region, 2013 - 2024
4.2.4. Bluetooth
4.2.4.1. Market estimates and forecast, 2013 - 2024
4.2.4.2. Market estimates and forecast, by region, 2013 - 2024
4.2.5. GPS
4.2.5.1. Market estimates and forecast, 2013 - 2024
4.2.5.2. Market estimates and forecast, by region, 2013 - 2024
4.2.6. RFID
4.2.6.1. Market estimates and forecast, 2013 - 2024
4.2.6.2. Market estimates and forecast, by region, 2013 - 2024
4.3. Sensors
4.3.1. Market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013 - 2024
4.4. SIM Cards
4.4.1. Market estimates and forecast, 2013 - 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024
4.5. USB Charging
4.5.1. Market estimates and forecast, 2013 - 2024
4.5.2. Market estimates and forecast, by region, 2013 – 2024
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