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.
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:
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.
Based on product type, the overall smart luggage and tracking technologies 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 which enable users to locate their belongings in the real-time. Furthermore, leading providers of smart luggage offer various features such as charging, motorized mobility and autonomous movement, among others. Factors such as the novelty associated with such latest products accompanied with rising disposable incomes are expected to drive the demand for such integrated solutions.
The smart trackers 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 the smart luggage products at affordable prices. Thereby, users have been making increasing use of these systems with their existing traditional luggage in order to achieve enhanced safety and security of their belongings.
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.
