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Smart Luggage And Tracking Technologies Market By Product (Smart Suitcases And Bags, Smart Trackers) - Growth, Future Prospects, And Competitive Analysis, 2017 -2025

Smart luggage refers to traditional suitcases and bags that have been outfitted with various electronic components that allow for luggage identification, tracking, and enhanced security. Smart suitcases and bags are equipped with GPS capabilities and enable communication with the user's smartphone through Bluetooth Low Energy (BLE) technology. With the use of a smartphone application, users can constantly track and locate the whereabouts of their luggage anywhere across the world. In addition, some of the latest smart suitcases also enable users to automatically lock and unlock their luggage through such apps. Other security features offered in the most advanced smart luggage include fingerprint scanners and virtual keys, which can be assigned to multiple users through the primary user's smartphone. Thereby, smart suitcases have offered a viable solution for commuters to seamlessly ensure the safety and security of their luggage during any type of commute. Some of the other features offered by smart luggage include charging capabilities, motorized mobility, and autonomous movement, among others. Apart from smart luggage, which involves communication technologies incorporated within the luggage itself, there has been a growing adoption of various trackers that come as standalone systems and can be stored in regular luggage. Users can simply incorporate such tracking systems into their regular luggage to easily locate and track their belongings without incurring the higher costs of smart luggage. The tracking systems have offered a viable solution to various commuters who seek to make use of the latest technologies but cannot afford an integrated product.

One of the major factors driving the demand for smart luggage is the technological advancements in communication and sensing technologies. With the increasing usage of smartphones coupled with the rising penetration of the Internet, there has been a growing demand for technologically advanced products from all walks of life. Furthermore, with decreasing costs of sensors and higher availability of the Internet, the market is expected to witness a rise in the number of products in the smart luggage segment.

The report titled "Global Smart Luggage and Tracking Technologies Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the global smart luggage and tracking technologies market, along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of multiple market segments based on product type and mobility and a cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report covers a section providing production and pricing trends in some of the major markets.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading providers of smart luggage, market positioning, and key developments. Some of the major players profiled in the report are Bluesmart, Raden, Inc., TRAXPACK LLC, Néit, Modobag, Aster (Lumos), Planet Traveler, Pluggage (Delsey), Samsara, Barracuda, Inc., E-CASE, COWAROBOT, Floatti, LLC, G-RO (Travel-Light, Ltd.), Trakdot, LugLoc, and Tile, Inc.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the industry's upcoming attractive markets for smart luggage and tracking technologies
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)

Overall, the research study provides a holistic view of the global smart luggage and tracking technologies market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

The global smart luggage and tracking technologies market are segmented, based on product type, into the following categories:

  • Smart Suitcases and Bags
  • Smart Trackers

Based on product type, the overall smart luggage and tracking technology market was led by the smart suitcases and bags segment in 2016. The segment accounted for over 90% of the overall smart luggage and tracking technologies market revenue across the globe. Smart suitcases and bags are essentially traditional luggage equipped with various tracking sensors and communication technologies that enable users to locate their belongings in real time. Furthermore, leading providers of smart luggage offer various features such as charging, motorized mobility, and autonomous movement, among others. The novelty associated with such new products, combined with rising disposable incomes, is expected to drive demand for such integrated solutions.

The smart tracker segment is expected to witness the fastest growth in the overall smart luggage and tracking technologies market during the forecast period. Smart trackers offer most of the key features, such as real-time location and tracking, similar to smart luggage products, at affordable prices. As a result, users are increasingly combining these systems with their existing traditional luggage to improve the safety and security of their belongings.

The global smart luggage and tracking technologies market has been segmented on the basis of geographical regions, as per the following regions and countries:

  • North America
    • U.S.
    • rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • Middle East and Africa (MEA)
    • Latin America

In 2016, Asia Pacific represented the largest market for smart luggage and tracking technologies in terms of revenue. The demand for smart luggage and tracking technology in the region is primarily supported by the higher number of travelers in China. Over the past decade, the country has witnessed an increase in the number of international travelers who spend a relatively higher amount of money on the latest and most luxurious travel products. In addition, other developed markets, such as Japan and South Korea, among others, offer immense growth opportunities for such stylish and technologically advanced products. Thereby, the Asia Pacific region is expected to maintain its dominance in the overall smart luggage and tracking technologies market during the forecast period.

North America and Europe trailed the Asia Pacific region in the overall smart luggage and tracking technologies market in 2016. A large presence of technology providers coupled with higher consumer sophistication in the regions is expected to drive the demand for smart luggage in some of the leading markets, such as the U.S., UK, Germany, and France, among others. Thereby, the overall smart luggage and tracking technologies market across the globe is expected to witness significant growth during the forecast period from 2017 to 2025.

Fequently Asked Questions:

The market for Smart Luggage And Tracking Technologies is expected to reach US$ 613.1 Mn in 2025.

The Smart Luggage And Tracking Technologies market is expected to see significant CAGR growth over the coming years,at 25.6%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Bluesmart,Raden, Inc.,TRAXPACK LLC,Néit,Modobag are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Oct 2017
Category:  Technology & Media
Report ID:   58738
Report Format:   PDF
Pages:   120
Rating:    4.8 (80)
Delivery Time: 24 Hours to 48 Hours   
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