Global smart luggage market is mainly driven by growing tourism with rising trend of integrating luggage with latest technology across the globe. Furthermore, major factors like increasing travel, internet penetration, and increasing demand for IT based applications, with improving consumer lifestyle contributing to the global smart luggage market growth.
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Growing business of airline travel & tourism, modernizations in design of the product along with better quality, rising demand for IoT-based applications is compelling the businesses to focus over implanting the technological features in their traditional product. Moreover, rising number of international travelers coupled with increasing internet penetration are some major factors driving the global smart luggage market growth.
Luggage industry is constantly looking forward for adding certain features to their product such as automated locking, tracking system and Bluetooth features in order to get in the smart luggage market. Due to this quite a number of luggage companies as well as crowd-funded start-ups are manufacturing their products with the tech features so that they can address the stagnant innovation. Furthermore, aim of the market players is not only designing the product with added features, but to provide a user-friendly product to their consumers.
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Smart Luggage Market in digital scaling application segment growth will be driven by escalating demand from the consumer side to analyze the total weight of the bag prior to the journey. This enables the travelers to avoid the hassles associated with the travel and also eliminates the risks associated with over packing. 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.
Geographically, Global market of smart luggage is led by North America region whereas the markets of Asia-Pacific region is anticipated to witness the highest growth rate. The growth of North America is attributed to increasing adoption of products with advanced technological features, also several prominent players of the market have their headquarters in North America. Other key regions of the market include Europe, Latin America and the Middle East & Africa.
The global smart luggage market size segmented on the basis of connectivity, application, technology and region. Based on technology, the market divided into SIM cards, sensors, connectivity, and USD charging. By connectivity, the market is divided as GPS, RFID, Wi-Fi, and Bluetooth. On the basis of Application, this market classified as digital scaling, remote locking, real-time tracking, proximity sensors, and others. By region, the market is distributed as North America, Asia Pacific, Europe, Latin America, and the MEA.
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Key Players of global smart luggage market
- Rimowa GmbH
- Louis Vuitton Malletier S.A.
- Coach Inc
- VF Corporation
- Samsonite International S.A.
- Antler Limited
- Etienne Aigner AG
- VIP Industries Limited
- Victorinox Swiss Army
- Delsey S.A.
Segmentation of global smart luggage market:
- Sim card
- USD charging
- Proximity Sensors
- Digital Scaling
- Remote Locking
- Real-Time Tracking
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- South America
- Rest of South America
- Saudi Arabia
- South Africa
- Rest of MEA
What to expect from the upcoming report on ‘Global Smart Luggage Market’:
- Analysis of future prospects as well as global smart luggage market trends over the forecast period (2018-2025)
- Information regarding technological progressions as well as innovations taking place in developing as well as developed economies and also various macro & microeconomic factors that affect the growth of the market.
- Supportive initiatives by government likely to influence the market dynamics.
- Key drivers influencing market’s growth, opportunities, restraints, sales channels and distributors.
- In-depth analysis of different market segmentations including end-user, application, manufacturing process and geographical regions.
- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market such as expansions, growth strategies, agreements, new product launches and acquisitions in the market
- Value Chain and Sales Channels Analysis
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