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Smart Luggage Market Global Drivers, Opportunities, Trends, and Forecasts to 2022

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Smart Luggage Market – Global Drivers, Opportunities, Trends, and Forecasts to 2022
Overview:
The luggage industry is witnessing innovation driven by the addition of tracking system, automated locking, and Bluetooth features creating a niche smart luggage market. Owing to this, several luggage companies and crowd-funded start-ups are adding tech features to the luggage products to address the stagnant innovation. The term “smart luggage” is widely used for bags and suitcases with various tech-savvy features such as Wi-Fi hotspots, SIM cards, GPS, Bluetooth, RFID, built-in batteries, and digital scaling. The aim is not to just add features to the luggage, but to make it user-friendly in practical applications. These benefits are driving luggage companies to incorporate technology features into their offerings to stay in the ever-changing business world. The major luggage companies such as Bluesmart, Samsonite, and Delsey are investing in the incorporation of technology into their products and offer enhanced tech-savvy features to the customers.
Market Analysis:
According to Infoholic Research, the “Smart Luggage” market is expected to reach $2,353.2 million by 2022, growing at a CAGR of around 26.4%. Increasing airline travel & tourism, innovations in product design & quality, demand for IoT-based applications, and consumer shift towards leisure lifestyle are forcing organizations to focus on embedding the technology features into their traditional luggage. The increasing international travel and internet penetration are some of the major drivers for introducing technology applications in the luggage industry.
Technology Analysis:
Technology is the major boosting factor for smart luggage market. The major technology providers have joined hands with luggage manufacturers to offer innovative solutions, which enable the customers to enjoy the journey with maximum comfort such as luggage tracking, USB charging, digital scaling, and remote locking. New players are entering the market and key luggage companies are trying to acquire them to gain their technical knowledge for the betterment of their product portfolio. The technology market is further segmented into connectivity, sensors, SIM cards, USB charging, and others. In 2016, connectivity technology had a major share of the market and is expected to reach $898.0 million by 2022, growing at a CAGR of 26.7% during the forecast period 2016–2022.
Regional Analysis:
At present, the Americas is having the majority of the market share mainly due to the advancements in technology and its adoption. The market is witnessing prominent growth in the countries such as the US and Canada. Americas is followed by Asia Pacific. Regional government initiatives for developing smart city projects and increasing FDI for industrialization enhancement in the region are the main factors contributing to the market growth. Europe is spending hugely in the manufacturing industry, especially on raw materials and their use. The RoW region is expected to have a positive growth in the market, which will offer huge opportunities for key players to provide innovative solutions in the region.
Key Players:
The key players covered in the report are Samsonite, Delsey, Bluesmart, Raden, Away, Trunkster, and Lugloc.
Competitive Analysis:
The study covers and analyzes the “Smart Luggage” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.
Benefits:
The report provides an in-depth analysis of the smart luggage market aiming to avoid luggage mishandling, reduce baggage check-in time for travelers & authorities in airports, and provide information for travelers regarding the journey. The report talks about distribution channel, technology, applications, and regions. With the information offered, key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, and PPP’s interest towards the adoption of technology into luggage industry. Further, the report provides details about the major challenges going to impact the market growth.
Key Stakeholders:
Device manufacturers, network providers, software providers, data security solution vendors, policy makers, standard development organizations, investor community, university researchers, blog writers, and technology magazines.

1 Industry Outlook
1.1 Industry Overview
1.2 Industry Trends
1.3 Pest Analysis
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Total Addressable Market (TAM)
3.1.1 Market Size and Analysis
3.2 Segmented Addressable Market (SAM)
3.3 Related Markets
3.3.1 Smart Wallets
4 Market Outlook
4.1 Overview
4.2 Market Definition
4.3 Market Trends and Impact
4.4 Market Segmentation
4.5 Porter 5 (Five) Forces
5 Market Characteristics
5.1 Traditional Luggage vs Smart Luggage
5.2 Technology Roadmap
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increase in tourist traffic and air travel
5.3.1.2 Innovation in product design and quality
5.3.1.3 Consumer shift for high standard living
5.3.1.4 Rise in demand for IoT based applications
5.3.2 Restraints
5.3.2.1 High cost
5.3.2.2 Lack of knowledge
5.3.2.3 Feasible only for airports
5.3.3 Opportunities
5.3.3.1 Integration with analytics
5.3.3.2 M2M communication
5.3.3.3 Opportunities in Asia Pacific countries
5.3.4 DRO – Impact Analysis
5.3.5 Key Stakeholders
6 Distribution Channel: Market Size & Analysis
6.1 Overview
6.2 Factory Outlets
6.2.1 Market Size and Analysis
6.3 Internet Sales
6.3.1 Market Size and Analysis
6.4 Specialist Retailers
6.4.1 Market Size and Analysis
6.5 Others
6.5.1 Market Size and Analysis
7 Technologies and Services: Market Size & Analysis
7.1 Overview
7.2 Connectivity
7.2.1 Wi-Fi
7.2.2 Bluetooth
7.2.3 GPS
7.2.4 RFID
7.2.5 Market Size and Analysis
7.3 Sensors
7.3.1 Market Size and Analysis
7.4 SIM Cards
7.4.1 Market Size and Analysis
7.5 USB Charging
7.5.1 Market Size and Analysis
7.6 Others
7.6.1 Market Size and Analysis
8 Applications: Analysis
8.1 Overview
8.2 Real-time Tracking
8.3 Texting Alerts
8.4 Remote Locking
8.5 Digital Scaling
8.6 Others
9 Regions: Market Size & Analysis
9.1 Overview
9.2 Americas
9.2.1 Market Size and Analysis
9.2.2 DRO for Americas
9.2.3 US
9.2.4 Canada
9.2.5 Brazil
9.2.6 Mexico
9.3 Europe
9.3.1 Market Size and Analysis
9.3.2 DRO for Europe
9.3.3 UK
9.3.4 Germany
9.3.5 Italy
9.3.6 France
9.4 Asia Pacific
9.4.1 Market Size and Analysis
9.4.2 DRO for Asia Pacific
9.4.3 China
9.4.4 India
9.4.5 ANZ
9.4.6 Japan
9.5 RoW
9.5.1 Market Size and Analysis
9.5.2 DRO for RoW
9.5.3 UAE
9.5.4 Saudi Arabia
9.5.5 South Africa
10 Competitive Landscape
10.1 Vendors Assessment
10.2 Samsonite
10.3 Bluesmart
10.4 Raden
10.5 Delsey
11 Vendor Profiles
11.1 Samsonite
11.1.1 Overview
11.1.2 Business Units
11.1.3 Geographic Revenue
11.1.4 Business Focus
11.1.5 SWOT Analysis
11.1.6 Business Strategy
11.2 Delsey
11.2.1 Overview
11.2.2 Business Units
11.2.3 Geographic Revenue
11.2.4 Business Focus
11.2.5 SWOT Analysis
11.2.6 Business Strategy
11.3 Bluesmart
11.3.1 Overview
11.3.2 Business Units
11.3.3 Geographic Revenue
11.3.4 Business Focus
11.3.5 SWOT Analysis
11.3.6 Business Strategy
12 Companies to Watch for
12.1 Raden
12.1.1 Overview
12.1.2 Raden in Smart Luggage Market
12.2 Away
12.2.1 Overview
12.2.2 Away in Smart Luggage Market
12.3 Trunkster
12.3.1 Overview
12.3.2 Trunkster in Smart Luggage Market
12.4 Lugloc
12.4.1 Overview
12.4.2 Lugloc in Smart Luggage Market
Annexure
Acronyms


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Reports Details

Published Date : May 2017
No. of Pages :71
Country :Global
Category :Technology
Publisher :Infoholic Research
Report Delivery By :Email
Report Delivery Time :12 to 24 hours after placing the order.

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