Sarasota, FL -- (SBWIRE) -- 06/18/2018 -- Smart Luggage Market: Overview
Smart luggage is handy bags and suitcase with certain electronic attributes. Instead of carrying portable chargers person can just plug phones into bags. It also has electronic locks, Bluetooth features, GPS, and even fingerprints. Increasing penetration for internet is helping people to become technology friendly. The changing needs and demands of the consumers are helping to replace the traditional luggage with the smart luggage. The aim of smart luggage is not just to add innovation but to also make it user friendly. The main reason behind adding innovation is that customers enjoy the journey with the maximum comfort they can.
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Smart Luggage Market: Growth Factors
The drivers leading to the growth of the smart luggage market is the growing penetration of Internet of Things. In addition, tech savvy features like Bluetooth features, electronic locks, charging facility etc. are gaining traction to the market. The comfort offered by smart luggage. These features are fueling up the demand for smart luggage market. The major restraining factor of the smart luggage is the premium price being charged. As initially, the cost of smart luggage is very high it hampers the growth of the market.
Smart Luggage Market: Segmentation
The smart luggage market has been segmented on the basis of technology, connectivity, application and region. On the basis of technology, it has been divided as sensors, SIM cards, connectivity, USD charging. On the basis of connectivity, the market is bifurcated as GPS, Wi-Fi, RFID, and Bluetooth. Application wise, it has been bifurcated as remote locking, digital scaling, proximity sensors, real-time tracking, and others. On the basis of region, the market is divided as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
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Smart Luggage Market: Regional Analysis
North America is expected to hold majority of the shares of the smart luggage market in the forecasted period due to the adoption the latest technology and the manufacturers focusing on latest product designs. Asia-Pacific is expected to witness rapid growth because of increased air traffic. Due to frequent flyers from India and China will increase the demand for smart luggage market in coming years.
Smart Luggage Market: Competitive Players
Some of the major competitive players of smart luggage are Samsonite, Bluesmart Black Edition, Horizn Studios, Delsey, TraxPack, Bluesmart, Raden, Modobag, Away, Trunkster, Lugloc, Barracuda, Neit, Trunkster, Planet Traveler, Ready Travel, Bonus:E-CASE and many others.
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Smart Luggage Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa