Global Smart Luggage Market Report By Technology (Connectivity (Wi-Fi, GPS, RFID, A Bluetooth), Sim Card, USB Charging), By Application (Real-Time Tracking, Proximity Sensors, Remote Locking, Digital Scaling, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2020-2027

ID:VMR11214796
April 2021
Report Formats:

Global Smart Luggage Market Overview

The key driver impacting the smart luggage market is the rapidly rising tourist traffic leads to a rapidly growing tourism industry. The United Nations World Tourism Organization (UNWTO) report estimations reveal that internationally there were just 25 million tourist arrivals in 1950. But after 68 years, this number has augmented to 1.4 billion international arrivals per year. This is a 56-fold rise. International tourist arrivals of about 1.5 billion were recorded in 2019 worldwide. A 4% increase than the previous year, that is, 2019. The rising tourism industry is likely to create massive demand for smart luggage as consumers shift towards leisure and travel abroad during their holidays. Also, consumers like to add style-quotient, so they look for smart and trendy luggage matching with style and personality. Moreover, the rise in the adoption of stylish luggage and manufacturers' high focus to provide tech-savvy baggage contributes to the smart luggage market growth in the coming years.

According to Value Market Research, the global smart luggage market size was valued at around USD 700 million in 2020, and it is estimated to grow at a CAGR of about 16.8% during the forecast period 2021 to 2027.

 
The growing usage of the internet of things and the presence of technologically advanced additional features in smart luggage are estimated to augment smart luggage in the forecast period. Technological advancements such as Bluetooth charging, location & proximity alerts, Bluetooth charging, GPS and electronic locks, tracking system, automated locking, and connectivity with smartphones have transformed the usual baggage into an intelligent subsystem that can be connected to smartphones. For instance, the Bluesmart baggage range consists of a digital handle. It is a digital scale to calculate the weight of the bag. The digital lock protects the case which gets activated when it is passing away from the phone. The rise in international air travel is likely to create massive adoption for the smart luggage market in the coming years. However, lack of awareness and knowledge of the products may hamper the market in the long run. Also, data privacy concerns and the high cost of products negatively impact the market. The current industry trends, such as the increasing digital scaling in the smart baggage systems, and the use of sim cards to access the internet, are expected to offer new lucrative market opportunities for the key players.
 
The smart luggage market is vast, with many local and global players. The smart luggage market is extensive, with many regional and international players. The important market leaders follow numerous strategies to improve their market position, such as acquisitions, extending product portfolio, contracts, amalgamation, contracts, acquisitions, product upgrades to enlarge their market share across the globe. The significant players studied in the report include Bluesmart, Delsey, Samsonite, Reden, Away, Trunkster, Barracuda, and Lugloc.


 

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In this research report, the smart luggage market is segmented by technology, application, and region.
 
Analysis by Technology:

By technology, the report is categorized into connectivity, SIM card, USB charging. The connectivity segment dominates the service type segment with over 55% share in 2020. It is sub-segmented into Wi-Fi, GPS, RFID, and Bluetooth. The RFID segment is showing considerable growth due to the existing infrastructure of RFID scanning in the airports. Also, the rising penetration of IoT devices and comparatively low costs & maintenance needs of the sensors used in the smart luggage is adding to the segment. Moreover, an abundance of sensor-based smart baggage products contributes to the massive demand for the smart connectivity technology segment in the forecast period.
 
Analysis by Application:

By application, the report is categorized in real-time tracking, proximity sensors, remote locking, digital scaling, and others. The remote locking segment dominates the application segment with over 25% share in 2020. It is due to the increasing instances of loss of luggage by the airlines. Moreover, luggage theft and security breaches have encouraged customers to buy smart luggage equipped with remote locking and proximity alerting capabilities and escort interpretation, contributing to remote locking segment growth in the forecast period.
 
Analysis by Region:

In the regional outlook of the global smart luggage market, the North America region dominates globally with a 30% market share in the forecast period. It is due to the high adoption of technologically advanced products. Moreover, the lenient presence of manufacturing companies that focus on innovative product design in the region contributes to tremendous market growth across North America.
 
Market Segmentation covered in the Report:

By Technology

  • Connectivity (Wi-Fi, GPS, RFID, a Bluetooth)
  • Sim Card
  • USB Charging

By Application

  • Real-Time Tracking
  • Proximity Sensors
  • Remote Locking
  • Digital Scaling
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

METHODOLOGY

This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. 

If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . SMART LUGGAGE – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Technology
           3.7.2 By Application
           3.7.3 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL SMART LUGGAGE MARKET ANALYSIS BY TECHNOLOGY
       6.1 Overview by Technology
       6.2 Historical and Forecast Data
       6.3 Analysis by Technology
       6.4 Connectivity Market by Regions
       6.6 Sim Card Market by Regions
       6.5 USB Charging Market by Regions
 
7 . GLOBAL SMART LUGGAGE MARKET ANALYSIS BY APPLICATION
       7.1 Overview by Application
       7.2 Historical and Forecast Data
       7.3 Analysis by Application
       7.4 Real-Time Tracking Market by Regions
       7.5 Proximity Sensors Market by Regions
       7.6 Remote Locking Market by Regions
       7.7 Digital Scaling Market by Regions
       7.8 Others Market by Regions
 
8 . GLOBAL SMART LUGGAGE MARKET ANALYSIS BY GEOGRAPHY
       8.1. Regional Outlook
       8.2. Introduction
       8.3. North America
           8.3.1. Overview, Historic and Forecast Data
           8.3.2. North America By Segment
           8.3.3. North America By Country
           8.3.4. United State
           8.3.5. Canada
           8.3.6. Mexico
       8.4. Europe
           8.4.1. Overview, Historic and Forecast Data
           8.4.2. Europe by Segment
           8.4.3. Europe by Country
           8.4.4. United Kingdom
           8.4.5. France
           8.4.6. Germany
           8.4.7. Italy
           8.4.8. Russia
           8.4.9. Rest Of Europe
       8.5. Asia Pacific
           8.5.1. Overview, Historic and Forecast Data
           8.5.2. Asia Pacific by Segment
           8.5.3. Asia Pacific by Country
           8.5.4. China
           8.5.5. India
           8.5.6. Japan
           8.5.7. South Korea
           8.5.8. Australia
           8.5.9. Rest Of Asia Pacific
       8.6. Latin America
           8.6.1. Overview, Historic and Forecast Data
           8.6.2. Latin America by Segment
           8.6.3. Latin America by Country
           8.6.4. Brazil
           8.6.5. Argentina
           8.6.6. Peru
           8.6.7. Chile
           8.6.8. Rest of Latin America
       8.7. Middle East & Africa
           8.7.1. Overview, Historic and Forecast Data
           8.7.2. Middle East & Africa by Segment
           8.7.3. Middle East & Africa by Country
           8.7.4. Saudi Arabia
           8.7.5. UAE
           8.7.6. Israel
           8.7.7. South Africa
           8.7.8. Rest Of Middle East And Africa
 
9 . COMPETITIVE LANDSCAPE OF THE SMART LUGGAGE COMPANIES
       9.1. Smart Luggage Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments
 
10 . COMPANY PROFILES OF SMART LUGGAGE INDUSTRY
       10.1. Company Share Analysis
       10.2. Market Concentration Rate
       10.3. Bluesmart
           10.3.1. Company Overview
           10.3.2. Financials
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. Delsey
           10.4.1. Company Overview
           10.4.2. Financials
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. Samsonite
           10.5.1. Company Overview
           10.5.2. Financials
           10.5.3. Products
           10.5.4. Recent Developments
       10.6. Reden
           10.6.1. Company Overview
           10.6.2. Financials
           10.6.3. Products
           10.6.4. Recent Developments
       10.7. Away
           10.7.1. Company Overview
           10.7.2. Financials
           10.7.3. Products
           10.7.4. Recent Developments
       10.8. Trunkster
           10.8.1. Company Overview
           10.8.2. Financials
           10.8.3. Products
           10.8.4. Recent Developments
       10.9. Barracuda
           10.9.1. Company Overview
           10.9.2. Financials
           10.9.3. Products
           10.9.4. Recent Developments
       10.10. Lugloc
           10.10.1. Company Overview
           10.10.2. Financials
           10.10.3. Products
           10.10.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
 LIST OF TABLES
 

  • Market Snapshot
  • Drivers : Impact Analysis
  • Restraints : Impact Analysis
  • List of Raw Material
  • List of Raw Material Manufactures
  • List of Potential Buyers
  • COVID-19 Impact Analysis by Production, Import, Export and Demand
  • Pre V/S Post COVID-19
  • Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  • COVID-19: Micro and Macro Factor Analysis
  • Analysis by Technology (USD MN)
  • Connectivity Market by Geography (USD MN)
  • Sim Card Market by Geography (USD MN)
  • USB Charging Market by Geography (USD MN)
  • Analysis Market by Application (USD MN)
  • Real-Time Tracking Market by Geography (USD MN)
  • Proximity Sensors Market by Geography (USD MN)
  • Remote Locking Market by Geography (USD MN)
  • Digital Scaling Market by Geography (USD MN)
  • Others Market by Geography (USD MN)
  • Global Smart Luggage Market by Geography (USD MN)
  • North America Market Analysis (USD MN)
  • United State Market Analysis (USD MN)
  • Canada Market Analysis (USD MN)
  • Mexico Market Analysis (USD MN)
  • Europe Market Analysis (USD MN)
  • Europe Market Estimate by Country (USD MN)
  • United Kingdom Market Analysis (USD MN)
  • France Market Analysis (USD MN)
  • Germany Market Analysis (USD MN)
  • Italy Market Analysis (USD MN)
  • Russia Market Analysis (USD MN)
  • Spain Market Analysis (USD MN)
  • Rest of Europe Market Analysis (USD MN)
  • Asia Pacific Market Analysis (USD MN)
  • China Market Analysis (USD MN)
  • Japan Market Analysis (USD MN)
  • India Market Analysis (USD MN)
  • South Korea Market Analysis (USD MN)
  • Australia Market Analysis (USD MN)
  • Rest of Asia Pacific Market Analysis (USD MN)
  • Latin America Market Analysis (USD MN)
  • Brazil Market Analysis (USD MN)
  • Argentina Market Analysis (USD MN)
  • Peru Market Analysis (USD MN)
  • Chile Market Analysis (USD MN)
  • Rest of Latin America Market Analysis (USD MN)
  • Middle East & Africa Market Analysis (USD MN)
  • Saudi Arabia Market Analysis (USD MN)
  • UAE Market Analysis (USD MN)
  • Israel Market Analysis (USD MN)
  • South Africa Market Analysis (USD MN)
  • Rest of Middle East and Africa Market Analysis (USD MN)
  • Partnership/Collaboration/Agreement
  • Mergers And Acquisiton

 
 LIST OF FIGURES
 

  • Research Scope of Smart Luggage Report
  • Market Research Process
  • Market Research Methodology
  • Global Smart Luggage Market Size, by Region (USD MN)
  • Porters Five Forces Analysis
  • Market Attractiveness Analysis by Technology
  • Market Attractiveness Analysis by Application
  • Market Attractiveness Analysis by Region
  • Value Chain Analysis
  • Global Market Analysis by Technology (USD MN)
  • Connectivity Market by Geography (USD MN)
  • Sim Card Market by Geography (USD MN)
  • USB Charging Market by Geography (USD MN)
  • Global Market Analysis by Application (USD MN)
  • Real-Time Tracking Market by Geography (USD MN)
  • Proximity Sensors Market by Geography (USD MN)
  • Remote Locking Market by Geography (USD MN)
  • Digital Scaling Market by Geography (USD MN)
  • Others Market by Geography (USD MN)
  • Global Market by Revenue
  • North America Market by Revenue
  • Europe Market by Revenue
  • Asia Pacific Market by Revenue
  • Latin America Market by Revenue
  • Middle East & Africa Market by Revenue
  • Recent Development in Industry
  • Company Market Share Analysis, 2020

 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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Objectives of Study

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  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments

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