Robot Suitcase Market Growth Prospects, Revenue, Key Vendors, Growth Rate And Forecast To 2027

Posted June 23, 2020 by rohit890

Robotic suitcase is a smart device, which follows the owner. Robotic suitcase are equipped with two or four wheels to follow their owner.
Market Overview

Robotic suitcase is a smart device, which follows the owner. Robotic suitcase are equipped with two or four wheels to follow their owner. Furthermore, robotic suitcase are equipped with other functionalities such as USB charging, Bluetooth, fingerprint locking and unlocking system, and weight monitoring system that can show the total bag weight on the smart phone through Bluetooth connectivity. Robotic suitcase technology is in nascent stage currently, but it is expected to grow significantly during the forecast period due to increasing adoption of internet of things (IoT) technology. However, in some situations the product fails to operate. For instance, the bag fails to follow, when owner starts running. Moreover, in some cases such as complicated road directions, suitcase fails to follow the right direction. These factors are expected to hamper the market adoption of robotic suitcase. Robotic suitcases are available in two operational modes viz., vertical and horizontal. Companies such as Travelmate Robotics offers both vertical and horizontal types of robotic suitcase.

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Market Dynamics

Ease of use and faster connectivity are the major factors that are expected to drive the growth of robotic suitcase market over the forecast period. Faster connectivity will enable transmission of information related to suitcase to the server which will enable owner to track suitcase through mobile devices such as smartphones. Moreover, the drop in prices of the components used in robotic suitcase such as sensors, cameras, and others are another factor that can create growth opportunities for the manufacturers in the robotic suitcase market during the forecast period.

However, robotic suitcase collects the data related to bags location, weight of the bag, battery capacity of the bag and others. Data related to the location of the bag is crucial to the consumer data privacy and data theft. This factor can hinder the growth of the robotic suitcase market over the forecast period.

On the basis of the region, robot suitcase market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Among regions, North America is expected to account for the largest market share over the forecast period, owing to presence of key players in the region such as’ Bluesmart, Travelmate Robotics, and Cowarobot.

Moreover, apart from North America, Asia Pacific region is expected to be the fasted growing region in the robotic suitcase market. Increasing adoption of robotics services in china is expected to have positive impact on the growth of the robotic suitcase market. For instance, in June 2019, a report published by Chinese Institute Of Electronics stated that robotic industry in China is expected to account for US$ 8.7 billion in 2019, which is around 30% of the global robotic market.

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Key players operating in the market include Bluesmart, Travelmate Robotics, Cowarobot, Fun 90, Forwardx Robotics, Inc, and Others.

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Issued By coherent market insights
Country India
Categories Advertising , Blogging , Industry
Last Updated June 23, 2020