Smart Luggage Market

Smart Luggage Market: Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2024

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MarketStudyReport.com Adds New Smart Luggage Market 2017 – 2024 research report providing information and data By Technology, By Application, Industry Analysis, Regional Outlook, Growth Potential, Trends, Competitive Market Share & Forecast spreading across 130 Pages with table and figures in it.

Smart Luggage Market is set to exceed USD 2 billion by 2024. The smart luggage market is expected to grow at a significant pace, owing to continuous technological innovation in the baggage segment. Proliferation of IoT (internet of things) is expected to fuel the industry growth over the forecast timeline. Frequent air travelers need the technology that help them reduce check-in times, avoid mishandling of baggage, and remain updated about their itinerary. Furthermore, constantly rising baggage costs by the airlines is expected to aid the smart luggage market growth. Proliferation of online distribution channels and factory outlets play significant role in proliferation of these products.

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Steady growth in the tourism industry and increased frequency of international travel is expected to provide workable growth opportunities to the market. However, increased concerns over security and safety is expected to be a major restraining factor, over the forecast timespan.

Sensors are expected to play a key role in the adoption of smart baggage. Tracking the misplaced or lost luggage is expected to boost the demand for proximity sensors. Miniaturization trend in the electronics segment is expected to positively impact the smart luggage market.

Real-time tracking applications are forecast to witness growth owing to the increase in instances of luggage misplacement by the airlines. The companion application, compatible with Android and iOS and that comes with the intelligent bag is expected to gain customer attention, owing to the features such as locking & tracking and information updates regarding flight schedules. Increase in security is expected to drive the demand for locking applications.

The Asia Pacific smart luggage market is expected to witness significant growth, owing to growing demand for baggage with attractive design, high quality, and comfortable products. The increasing urban population base and disposable income of the people will further drive the demand in the region. The Europe smart luggage market is expected to gain momentum over the next seven years, owing to increase in tourism and readiness of the people to adopt new technologies.

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Some of the prominent players in the smart luggage industry include Bluesmart, Neit, Away, Trunkster, LugLoc, TraxPack, and Barracuda. Many startups are expected to enter the market, owing to the availability of funding on crowdsourcing platforms and huge potential. The manufacturers are continuously investing in R&D to add more features, to make it user-friendly for practical applications. For instance, Modobag is a suitcase that van alternately be used as a motor scooter with built-in seat and footrests. The device has a GPS system to keep a track of itself and two USB ports to keep the device charged.

Table of Content:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Smart Luggage Industry Insights

Chapter 4. Smart Luggage Market, By Technology

Chapter 5. Smart Luggage Market, By Application

Chapter 6. Smart Luggage Market, By Region

Chapter 7. Company Profiles

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Related Report:

United States Smart Luggage Market Report 2017

In this report, the United States Smart Luggage market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

https://www.marketstudyreport.com/reports/united-states-smart-luggage-market-report-2017/?utm_source=RR-PSR

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Global Smart Luggage Market Development and Trends Forecasts Report 2017-2024

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The newly released research at Market Study Report titled “2017-2024 Global Smart Luggage Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.

The report on smart luggage market is a comprehensive study of the latest trends and opportunities prevalent across this business sphere. The research is meticulously segmented in terms of the technology, application, and geographies. In addition to the pivotal contenders that are a part of the competitive spectrum of this space, this report essentially forecasts smart luggage market to traverse alongside a stable and profitable growth path in the ensuing years.

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The report commences with a specific set of driving forces that basically stimulate smart luggage market trends and characterizes the strategic landscape. Further on, the section also enumerates the constraints and challenges that are inhibiting the smart luggage market growth.

The technology landscape of smart luggage market is has been fastidiously categorized into further sub-segments. Further on, application landscape is inclusive of real-time tracking, proximity sensors, remote locking, digital scaling, etc. The report vividly portrays the current market estimates, forecast valuation, trends, and drivers of each of the various subsegments.

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The competitive landscape of smart luggage market including companies such as Away, Barracuda, Bluesmart, Delsey, Lugloc, Neit, Planet Traveler, Reden, Rimowa, Samsara and Trunkster. has been extensively highlighted in the report. The document entails the strategic outlook, product portfolio, financials, and a business overview of each of the companies in explicit detail. A SWOT analysis of the prominent contenders has also been included to ensure convenient decision-making for potential stakeholders.

The report has also segmented smart luggage market concisely in terms of the regional spectrum. The geographical landscape includes U.S., Europe, Asia Pacific, Latin America and MEA. According to the report, smart luggage will witness substantial remuneration in the ensuing years across these regions, with major progressions anticipated in leading segment portfolios.

Table of Contents

Chapter 1. Methodology and Scope

1.1. Methodology

1.1.1.   Initial data exploration

1.1.2.   Statistical model and forecast

1.1.3.   Industry insights and validation

1.1.4.   Definition and forecast parameters

1.2. Data Sources

1.2.1.   Primary

1.2.2.   Secondary

Chapter 2. Executive Summary

2.1. Smart luggage industry 360 degree synopsis, 2013 – 2024

2.1.1.   Business trends

2.1.2.   Regional trends

2.1.3.   Technology trends

2.1.4.   Application trends

Chapter 3. Smart Luggage Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 – 2024

3.3. Industry ecosystem analysis

3.3.1.   Vendor matrix

3.3.2.   Distribution channel analysis

3.4. Technology landscape

3.4.1.   Weight sensors

3.4.2.   Companion apps

3.4.3.   USB charging

3.5. Luggage industry outlook

About Us:

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

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USA

Phone: 1-302-273-0910

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