LONDON--(BUSINESS WIRE)--The global smart carry-on bags market is expected to grow at a CAGR of close to 25% during the period 2017-2021, according to a new market research study by Technavio.
The report categorizes the global smart carry-on bags market by technology (USB charging, connectivity, and sensors) and by distribution channel (online and offline). The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.
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Market driver: premiumization through product innovation
Technological innovation drives the global smart carry-on bags market to a large extent. Various players in the market are developing innovative smart luggage with features like built-in scales, proximity servers, alarm systems, and water-resistant accessories. The prime advantage of a smart carry-on bag is hassle-free travel. Some of the pioneers in the smart carry-on bags market are Bluesmart and Samsonite.
According to Narendra Nandaigari, a lead analyst at Technavio for luggage research, “These days travelers are increasingly concerned about the safety of their luggage. This has added to the high preference for smart carry-on bags that have advanced features. Smart carry-on bags are folded and are incorporated with a biometric fingerprint scanner, which is used to open the bag. Smart carry-on bags are also incorporated with Bluetooth connectivity and GPS, which ensure enhanced security.”
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Market trend: strategic partnerships
Manufacturers of smart carry-on bags, of late, are collaborating with technology companies. For instance, Samsonite International has collaborated with Google to launch a device (Track&Go) that aids in tracking and locating luggage. Also, Bluesmart has collaborated with Uber services. In situations where a Bluesmart carry-on bag is lost and tracked, the bag is delivered to the user's location through Uber.
Market challenge: app interface issues in smart carry-on bags
All smart carry-on bags are incorporated with 3G, 4G, and Wi-Fi features and can be connected to sensors. Sensor-connectivity issues can lead to a disconnection between the app and the smart carry-on bag. During instances of poor connectivity, users are unable to detect the device. Wi-Fi and firmware issues also hinder the demand for smart carry-on bags. A sudden crash of the app can trigger connectivity issues between a smartphone and a smart carry-on bag. Distorted power supply is another challenge that impedes the growth of the market. Power fluctuations lead to distortion of connections between the app and the bag. Such app interface issues challenge the growth of the global smart carry-on bags market.
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Key vendors in the market
- AWAY
- Barracuda
- Bluesmart
- FUGU LUGGAGE
- RADEN
- Trunkster
The global smart carry-on bags market is a highly-concentrated market with only a few players in the marketplace. The integration of technological features, ergonomic designs, and convenience contribute toward the high demand for smart carry-on bags. Several manufacturers in the market are constantly upgrading their products in order to attract a large number of customers.
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