DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Smart Luggage Market - Global Drivers, Opportunities, Trends, and Forecasts to 2022" report to their offering.
According to this research, the Smart Luggage market is expected to reach $2,353.2 million by 2022, growing at a CAGR of around 26.4%. Increasing airline travel & tourism, innovations in product design & quality, demand for IoT-based applications, and consumer shift towards leisure lifestyle are forcing organizations to focus on embedding the technology features into their traditional luggage. The increasing international travel and internet penetration are some of the major drivers for introducing technology applications in the luggage industry.
The luggage industry is witnessing innovation driven by the addition of tracking system, automated locking, and Bluetooth features creating a niche smart luggage market. Owing to this, several luggage companies and crowd-funded start-ups are adding tech features to the luggage products to address the stagnant innovation. The term smart luggage is widely used for bags and suitcases with various tech-savvy features such as Wi-Fi hotspots, SIM cards, GPS, Bluetooth, RFID, built-in batteries, and digital scaling.
The aim is not to just add features to the luggage, but to make it user-friendly in practical applications. These benefits are driving luggage companies to incorporate technology features into their offerings to stay in the ever-changing business world. The major luggage companies such as Bluesmart, Samsonite, and Delsey are investing in the incorporation of technology into their products and offer enhanced tech-savvy features to the customers.
Key Topics Covered:
1 Industry Outlook
2 Report Outline
3 Market Snapshot
4 Market Outlook
5 Market Characteristics
6 Distribution Channel: Market Size & Analysis
7 Technologies and Services: Market Size & Analysis
8 Applications: Analysis
9 Regions: Market Size & Analysis
10 Competitive Landscape
11 Vendor Profiles
12 Companies to Watch for
For more information about this report visit http://www.researchandmarkets.com/research/lw6dll/smart_luggage