Key vendors to focus on sustainability to strengthen their foothold in the market space.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global smart backpacks market in their latest research report. This report also lists six other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global market for smart backpacks is highly fragmented in nature due to the presence of several vendors in the market space. Market research analysts at Technavio predict a sizable rise in production capacity during the forecast period as the market competitors are focusing on expanding their presence in traditionally low penetrated markets. An increase in production capacity will allow the competitors to meet the growing demand for smart backpacks due to rising interest in outdoor recreational activities and an increase in business trips. Price, quality, and brand are some of the key criteria that vendors in the market compete based on.
According to Abhay Sinha, a lead analyst at Technavio, “The acquisition of new brands would provide an opportunity to the leading competitors to maintain their dominance in the global smart backpack market during the forecast period. Moreover, vendors in the market are also expected to focus on sustainability.”
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Top five vendors in the smart backpack market space
AMPL LABS
AMPL LABS manufactures smart backpacks and has won two awards for innovation in the categories of portable power and computer accessories at the Consumer Electronics Show (CES) in 2015. It is one of the leading companies in the market.
Key products: Smart backpacks.
CO.ALITION
CO.ALITION manufactures smart backpacks that can be used for several purposes such as travel, work, gym, and photography. The company’s backpacks can be customized based on user requirements.
Key products: COLFAX smart backpacks series and FEDERAL smart backpacks series.
Mancro
Mancro gained popularity by designing smart technology products including smart backpacks. The company is considered one of the best smart backpack manufacturers. It has established strong relations with factory owners and suppliers.
Key products: Smart backpacks with power bank and theft-proof combination lock.
Targus
Targus manufactures electronic gadget accessories like laptop bags, tablet cases, and other workspace accessories. Smart backpacks are one of its product lines, which is gaining significant popularity among people who regularly travel for business or outdoor activities.
Key products: Ascend, CityGear, CitySmart, Revolution, Sports, Corporate Traveler, Drifter, Expedition, Motor, Grid, Mobile ViP, and Legend.
TRAKK
TRAKK manufactures multifunctional backpacks and speakers, which are technologically advanced. Its products are Bluetooth & USB enabled and can be used to charge other electronic gadgets like smartphones, tablets, and laptops.
Key products: TRAKK ARMOR series, TRAKK FUEL series, TRAKK SHELL series, and TRAKK VIGOR series.
A more detailed analysis is available in the Technavio report, Global Smart Backpack Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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