How will APAC drive global smart luggage market trends during 2017-2024?

Innovations such as built-in scales and GPS tracking are expected to propel smart luggage market share. Moreover, high-tech capabilities such as app-enabled controls and electronic locks have made travelling less harrowing. Some of the luggage even feature RFID-blocking liners to ward-off identity theft, solar recharging capabilities.

Meanwhile, given that smart luggage is propelled with lithium-ion batteries, the U.N International Civil Aeronautics Organization (ICAO) and the International Air Transportation Association (IATA) do not recommend storing the batteries in the cargo hold of an airplane. In a bid to mitigate risks, IATA recommended airlines not to permit the use of smart luggage with ‘non-removable’ lithium-ion batteries by January 2018.

That said, smart luggage has redefined travel technology with additional perks such as Bluetooth technology that can vividly state as to how much the luggage weighs through an integrated app.

Smart luggage market size was anticipated to be over USD 630 million, and is set to proliferate during the forecast period, according to the latest research report by Global Market Insights, Inc.

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Will connectivity technology segment fuel smart luggage market dynamics?

A rapid uptick in number of air travelers and pervasive luggage theft have signified potential growth opportunities for stakeholders. As manufacturers try to fine-tune smart-luggage category, companies such as Kathmandu—New Zealand-based luggage and travel goods company—have launched luggage that is equipped with a system featuring a companion mobile app and a removable battery.

Connectivity technology segment is geared for robust growth as inroads made by manufacturers into IoT has propelled users to track their luggage location and even the battery life. As such, smart luggage market share is poised for dynamic growth in wake of growing traction for connectivity technology.

Why manufacturers focus on digital scaling to propel customer relationship management (CRM)?

Meanwhile, digital scaling segment is slated to be dominant against the backdrop of passengers’ inclination of having weight of the luggage checked before the journey. With customer relationship management (CRM) taking the centerstage, manufacturers are vying to offer state-of-the-art luggage that will keep overweight at bay. Accordingly, digital scaling segment is anticipated to offer lucrative opportunities to stakeholders eyeing to invest in smart luggage market.

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With the inevitable supremacy of IoT in smart luggage market, digital scaling is likely to enhance customer experience amid soaring travelers’ expectations. As such, operational resilience, better customer experience and improved capacity resonate with digital scaling at all airports.

Will stakeholders eye APAC to expand their smart luggage market penetration?

According to press release issued by IATA World Air Transport Statistics pertaining to performance figures for 2018, 4.4 bn passengers flew in 2018, while APAC carried 1.6 bn passengers. With soaring number of passengers, there have been call for enhanced efficiency and more connectivity. Prominently, top five international/regional passenger airport-pairs were within the APAC region.

Accordingly, manufacturers are eyeing APAC as a favorable investment hub to expand smart luggage market size. Sustained demand for sleek design, along with advanced luggage products is expected to propel smart luggage market trends. Notable countries such as China, India, Hong Kong, Singapore, Malaysia offer remarkable opportunities for manufacturers to bolster their smart luggage market revenue.

Table Of Content

Chapter 1. Methodology and Scope

1.1. Methodology

1.1.1.   Initial data exploration

1.1.2.   Statistical model and forecast

1.1.3.   Industry insights and validation

1.1.4.   Definition and forecast parameters

1.2. Data Sources

1.2.1.   Primary

1.2.2.   Secondary

Chapter 2. Executive Summary

2.1. Smart luggage industry 360⁰ synopsis, 2013 - 2024

2.1.1.   Business trends

2.1.2.   Regional trends

2.1.3.   Technology trends

2.1.4.   Application trends

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