Smart Luggage Market in real-time tracking applications is predicted to see lucrative gains in the coming years 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.
Smart Luggage Market in digital scaling application segment will have the highest growth during the forecast period due to the 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.
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Smart luggage market, despite being far away from the intended destination is gearing up rapidly on a global scale. Tech giants are diversifying their product portfolio to grab maximum opportunities of the thriving business space. The recent launch of X-series of iFLY Luggage by Calego International Inc., which is reported to be a unique amalgamation of optimum quality, functionality, and elegance, has claimed to redefine luggage for smart business travelers. Some of the other leading names in smart luggage industry include Delsey, Samsonite, Bluesmart, Away, Trunkster, Reden, Lugloc and Barracuda.
North America, being one of the hubs of smart technology, is a profitable growth avenue for smart luggage market. The large-scale deployment of connected baggage has prompted companies to brainstorm and develop innovative products, which would considerably impel North America smart luggage industry. In fact, estimates claim North America to account for a rather huge share in smart luggage industry.
The Asia Pacific smart luggage market is expected to witness high growth owing to the rising urbanization and increase in the air traffic levels specifically in countries such as Malaysia and Singapore. Many organizations are heavily investing in the technology as it enables them to offer better customer experiences and monitor the process based on different insights. Furthermore, a rising demand for sophisticated and varied luggage products, numerous trendy and intelligent suitcase categories have escalated the demand for these products.
The industry is characterized by a fiercely competitive landscape with leading companies consistently investing in product innovations and developments. In this regard, Bluesmart’s contribution in changing smart luggage industry trends is worth noticing. The new ‘series 2’ line of smart luggage is reported to be absolutely slick in design equipped with remote locks and GPS navigation. With the increasing appetite for technology in product design, the commercialization matrix of smart luggage market is sure to escalate in the coming years. Global market Insights Inc., estimates the overall industry share to exceed USD 2 billion by 2024.
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