19-Feb-2021 | Zion Market Research
As per forecasters from Zion Market Research, the global smart luggage market is predicted to develop at over 16.8% CAGR during the forecasted period 2019 to 2025. The consumer shift towards leisure, lifestyle, and style-quotient is likely to drive the global smart luggage market in the future. The augmentation in internet penetration and surge in international air travel is anticipated to boost technological innovation. The rising penetration of IoT (Internet of Things) has propelled the market players in the baggage section to provide the luggage with smart characteristics like an advanced locking system and traceability. This is projected to woo tech-savvy customers on a large scale during the estimated time.
Some of the key players in the market are Barracuda, Away, Delsey, Bluesmart, Neit, Lugloc, Reden, Rimowa, Planet Traveler, Samsonite, Samsara, and Trunkster.
Technological Advancement In Baggage To Stimulate The Global Smart Luggage Market
The technological developments like connectivity with smartphones, automated locking, location & proximity alerts, and tracking system have changed the standard baggage to an intelligent subsystem that could be connected to the smartphones. For example, baggage from Bluesmart has a digital handle, which is a digital scale to determine the mass of the bag. In addition, the case is equipped with a digital lock that gets activated after it is moved away from the phone. The incorporation of these products with analytics is anticipated to offer viable growth opportunities. Airlines can utilize the information for marketing and for improved security & customer experience.
The global smart luggage market is bifurcated on the basis of technology, application, and regional analysis. Based on the technology, the market is divided into sim card, connectivity, and USB charging. The connectivity segment is subdivided into Wi-Fi, RFID, GPS, and Bluetooth. Based on the application, the market is divided into proximity sensors, real-time tracking, digital scaling, remote locking, and others.
North America And Asia Pacific To Witness Major Share In The Global Smart Luggage Market
Based on geographical analysis, the global smart luggage market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The North America region is predicted to hold a majority share in the global smart luggage market due to the high adoption of technically advanced products and the existence of manufacturers that target innovative product design. The Asia Pacific region is also anticipated to register the highest growth due to augmented air traffic, mainly in densely populated nations like China & India and nations with a large number of tourist footfalls like Singapore, Thailand, & Malaysia. The regional administration initiatives for advancing smart city projects and surging foreign direct investment for industrialization development across the region are the key factors that are contributing to the market growth.
Browse the full “Smart Luggage Market - By Technology (Sim Card, Connectivity, And USB Charging), By Application (Proximity Sensors, Real-Time Tracking, Digital Scaling, Remote Locking, And Others), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/smart-luggage-market
The global smart luggage market is segmented as follows:
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