Press release
Global Smart Luggage Market 2024 Studied in Detail by Focusing on Key Players: Away, Barracuda, RIMOWA, Samsonite, Samsara, Inc, DELSEY Paris, Bluesmart
Smart Luggage Market
Steady growth in the tourism industry and increased frequency of international travel is expected to provide workable growth opportunities to the smart luggage market. However, increased concerns over security and safety is expected to be a major restraining factor, over the forecast timespan.
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Smart Luggage Market size is set to exceed USD 2 billion to grow at over 16% CAGR to 2024. 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.
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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Away
2. Barracuda
3. RIMOWA
4. Samsonite
5. Samsara, Inc
6. DELSEY Paris
7. Bluesmart
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Smart Luggage Market by Technology
• Connectivity
o Wi-Fi
o Bluetooth
o GPS
o RFID
• Sensors
• SIM cards
• USB charging
Smart Luggage Market by Application
• Real-time tracking
• Proximity alerts
• Remote locking
• Digital scaling
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.
North America is expected to hold majority share in the smart luggage market, owing to high adoption of technologically advanced products and presence of manufacturers that focus on innovative product design. Asia Pacific is expected to witness the highest growth, owing to increased air traffic, particularly in densely populated countries such as India & China and countries with large number of tourist footfall such as Thailand, Singapore, & Malaysia.
Some of the prominent players in the smart luggage market include Away, Barracuda, Bluesmart, DELSEY Paris, LugLoc, Néit, Reden International, RIMOWA, Samsara, Inc, and Samsonite.
Browse key industry insights spread across 130 pages with 85 market data tables & 9 figures & charts from the report, Smart Luggage Market in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/smart-luggage-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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