High cost associated with these products coupled with the lack of awareness is expected to hinder the smart luggage market growth over the forecast timeline. Moreover, the technology consumers high energy resources such as the lithium batteries, which is mentioned as a hazardous substance amongst the aircraft authority posing a challenge to its largescale adoption.
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 onboard and automatically switch on while landing to meet the regulations of the government regarding the usage of wireless technologies.
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Luggage is no longer just a carton to stuff personal possessions. With technology playing a crucial role, it has become a statement of fashion, personal taste, and style. The growth of smart luggage market can be majorly credited to this fundamental shift in perspective. With the growing demand for diversified high-end luggage, many trendy products equipped with smart features have sprung up in recent years. One of the very latest breakthrough technologies that has taken the industry by storm is Travelmate suitcase. This fully automated robotic companion is claimed to be the first of its kind that completely lives up to name. Equipped with an instinctive smartphone app, Travelmate utilizes a whisper quiet motorized system that can match with the speed of the traveler and can navigate to any direction even in large crowds, both horizontally as well as in vertical angle. Also, the fact that these suitcases are TSA approved and are integrated with GPS chips make their safety quotient high, as the travelers could track the luggage 24/7 on the go.
Speaking along the similar lines, smart luggage market share from real time tracking application is forecast to experience remarkable growth over the coming years, subject to the growing occurrences of luggage misplacement in the airlines. The companion application which can be seamlessly integrated with Ios and android is expected to gain a global attention, owing to its smart features like information updates with regards to flight schedules, locking and tracking etc. Growing consumer concerns over security breaches and theft of luggage is the prime factor that has enhanced smart luggage industry outlook and is expected to remain major focal point for the smart luggage makers.
Smart luggage market, despite being far away from the intended destination is gearing up rapidly on a global scale. Tech giants are diversifying their product portfolio to grab maximum opportunities of the thriving business space. The recent launch of X-series of iFLY Luggage by Calego International Inc., which is reported to be a unique amalgamation of optimum quality, functionality, and elegance, has claimed to redefine luggage for smart business travelers. Some of the other leading names in smart luggage industry include Delsey, Samsonite, Bluesmart, Away, Trunkster, Reden, Lugloc and Barracuda.
Speaking about the geographical aspect, Asia Pacific is expected to mark a strong foothold in the smart luggage industry. The substantial macro-economic development of APAC countries such as China, Japan, India coupled with the escalating urban population base has significantly driven the regional smart luggage market share. With a large tourist footfall in regions like Malaysia and Singapore, APAC smart luggage industry size is sure to widen its horizon in the coming years.
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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.
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.
Some Points from Table of Content: -
Chapter 4. Smart Luggage Market, By Technology
4.1. Global market share by technology, 2016 & 2024
4.2. Connectivity
4.2.1. 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
Chapter 5. Smart Luggage Market, By Application
5.1. Global market share by application, 2016 & 2024
5.2. Real-time tracking
5.2.1. Market estimates and forecast, 2013 - 2024
5.2.2. Market estimates and forecast, by region, 2013 – 2024
5.3. Proximity alerts
5.3.1. Market estimates and forecast, 2013 - 2024
5.3.2. Market estimates and forecast, by region, 2013 - 2024
5.4. Remote locking
5.4.1. Market estimates and forecast, 2013 - 2024
5.4.2. Market estimates and forecast, by region, 2013 - 2024
5.5. Digital scaling
5.5.1. Market estimates and forecast, 2013 - 2024
5.5.2. Market estimates and forecast, by region, 2013 - 2024
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