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 the traditional suitcases and bags incorporated with various electronic components enabling identification, tracking and enhanced security for the luggage. Smart suitcases and bags are equipped with GPS capabilities and enable communication with the user’s smartphone through the 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 finger print 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 the smart luggage which involves communication technologies incorporated within the luggage itself, there has been a growing adoption of various trackers which come as standalone system and can be stored into regular luggage. Users can simply make use of 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 which seek to make use of latest technologies however, 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 increasing usage of smartphones coupled with rising penetration of the Internet, there has been a growing demand for technologically advanced products in all walks of life. Furthermore, with decreasing costs of sensors along with higher availability of the Internet, the market is expected to witness a rise in the number of products in the smart luggage segment.

Smart Luggage And Tracking Technologies Market

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 2015 to 2025. The said research study covers in-depth analysis of multiple market segments based on product type, mobility and cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on 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, lnc., 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 forthcoming attractive markets within the smart luggage and tracking technologies industry
  • Market fuelers, market impediments, and their impact on the 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 has been segmented, on the basis of geographical regions, as per 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

Smart Luggage And Tracking Technologies Market

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 technologies technology in the region is primarily supported by higher number of travelers in China. Over the past decade, the country has witnessed an increase in the number of international travelers who spend relatively higher amount of money on the latest and 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. Large presence of technology providers coupled with higher consumer sophistication in the regions are 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.

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Published Date:  Oct 2017
Category:  Technology & Media
Report ID:   58738
Report Format:   PDF
Pages:   120
Rating:    4.1 (55)
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