Smart Luggage and Tracking Technologies Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Smart luggage are the traditional bags and suitcases that are incorporated with several electronic components thus, facilitating identification, tracking and improved security for the luggage. The luggage is integrated with GPS capabilities and allow communication with the user's smartphone with the BLE (bluetooth low energy) technology. Through the help of smartphone applications, the users can continuously tract and locate the whereabouts of their luggage anywhere around the world.

MARKET DYNAMICS

The advancements in communications and sensing technologies is one of the major factors anticipated to gain traction in the smart luggage and tracking technologies market. Further, the increasing use of smartphone along with growing penetration of the Internet is also anticipated to boost the smart luggage and tracking technologies market growth. However, the high cost involved is likely to deter the growth of the smart luggage and tracking technologies market.

MARKET SCOPE

The "Global Smart Luggage and Tracking Technologies Market Analysis to 2031" is a specialized and in-depth study of the Smart luggage and tracking technologies industry with a special focus on the global market trend analysis. The report aims to provide an overview of smart luggage and tracking technologies market with detailed market segmentation by technology, application, distribution channel, and geography. The global smart luggage and tracking technologies market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smart luggage and tracking technologies market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global smart luggage and tracking technologies market is segmented on the basis of technology, application, and distribution channel. Based on technology, the smart luggage and tracking technologies market is divided into connectivity, sensors, SIM cards, USB charging, and others. Based on application, the smart luggage and tracking technologies market is segmented as real-time tracking, texting alerts, remote locking, digital scaling, and others. Further, based on the distribution channel, the market is segmented as factory outlets, online, specialist retailers, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global smart luggage and tracking technologies market based on various segments. it also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The smart luggage and tracking technologies market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting smart luggage and tracking technologies market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the smart luggage and tracking technologies market for each region.

MARKET PLAYERS

The reports cover key developments in the smart luggage and tracking technologies market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from smart luggage and tracking technologies market are anticipated to lucrative growth opportunities in the future with the rising demand for smart luggage and tracking technologies in the global market. Below mentioned is the list of few companies engaged in the smart luggage and tracking technologies market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.

•  COWAROBOT
  
•  Delsey
  
•  Floatti Inc
  
•  HORIZN STUDIOS
  
•  JRSK, Inc. (Away)
  
•  Lumos
  
•  Modobag
  
•  Planet Traveler USA
  
•  Samsara Luggage
  
•  Samsonite IP Holdings S.AR.L
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Smart Luggage and Tracking Technologies Report Scope