Technology Advancement Created New Road Map for Luggage Industry

WiseGuyReports announced addition of new report, titled “Smart Luggage Market – Global Drivers, Opportunities, Trends, and Forecasts to 2022”.

Pune, India – October 2, 2017 /MarketersMedia/ —

Finally, the Luggage is getting more advance we can say smarter and providing joy on tour. It was one of the niche markets that has picked up great demand and growing more and more. Everyone is in the phase of a smartphone so why not “Smart Luggage”? Imagine your luggage would be open with your fingerprints only, no worries about safety lock and code. No need to worry if your phone battery is drained you can charge through smart luggage.

On the journey, there might be chances losing luggage, but with Smart luggage, no issue because they are smart they have GPS tracking system, Bluetooth, and latest innovation are Wi-Fi, hotspot today’s basic need for any person. It is like compact laptop every traveler would be carrying with them.

As per research report, Smart Luggage market is expected to reach $2,353.2 million and growing at a CAGR of around 26.4% by 2022.

People now days like to travel a lot exploring a different part of the world this has given rise to tourism market and luggage industries. So major players took initiative not just travel with your luggage but to be user-friendly with practical applications which are used in day to day life Wi-Fi hotspots, SIM cards, GPS, Bluetooth, RFID, built-in batteries, and digital scaling.

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As result of this new players are entering the market and major luggage companies are trying to get their technical knowledge for the betterment of their product portfolio. New innovative solutions have been provided to major technology providers that have become product makers, which can be enjoyed by consumers with the convenience of tracking like luggage tracking, USB charging, digital scaling and remote locking. Connectivity technology market is expected to reach $898.0 million and growing at a CAGR of 26.7% during forecast period of 2016-2022.

The report provides an in-depth analysis of the smart luggage market aiming to avoid luggage mishandling, reduce baggage check-in time for travelers & authorities in airports, and provide information for travelers regarding the journey. The report talks about distribution channel, technology, applications, and regions.
Through research and studied the report offered, key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, and public–private partnership (PPP’s) interest towards the adoption of technology into luggage industry. Further, the report provides details about the major challenges going to impact the market growth.

The key players covered in the report are Samsonite, Delsey, Bluesmart, Raden, Away, Trunkster, Lugloc and regions cover are America, Europe, Asia Pacific, RoW.

For more information or any query mail at sales@wiseguyreports.com

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Source: MarketersMedia

Release ID: 245104