The global Smart Luggage market worth USD 630 million by 2026, growing at a CAGR of 16%
Nowadays, consumer move towards leisure, lifestyle, and style-quotient, rise in international air travel and development in internet saturation is anticipated to boosts the demand of smart luggage during the forecast period. The smart luggage industry is likely to develop on account of rising diffusion of Internet of Things. Features such as advanced locking system and traceability is attributed to the growing usage of smart luggage. Real-time tracking system will be the leading smart luggage market share in terms of cost over the forecast period.
The global smart luggage market is mainly driven by growing tourism with rising trend of integrating luggage with latest technology across the globe. Furthermore, major factors like increasing travel, internet penetration, and increasing demand for IT based applications, with improving consumer lifestyle contributing to the global smart luggage market growth.
Geographically, North America region is projected to drive the smart luggage industry growth due to the early adoption and technological developments. Likewise, growing government creativities to develop smart cities and rising industrialization are other factors which will drive the global smart luggage market trend.
The major drivers leading to the overall growth of the smart luggage market is rising saturation of Internet of Things. Moreover, other features such as electronic locks, charging facility, Bluetooth features etc. are contributing to the growth of smart luggage industry market. Additionally, manufacturers have been concentrating on preventing any kind of awkwardness to the traveler because of overheavy baggage, which has resulted in the invention of digital scaling schemes. The expansion of smart technologies to be combined in bags and suitcases are further increasing the smart luggage market size.
The global smart luggage market size segmented on the basis of connectivity, application, technology and region. Based on technology, the market divided into SIM cards, sensors, connectivity, and USD charging. By connectivity, the market is divided as GPS, RFID, Wi-Fi, and Bluetooth. On the basis of Application, this market classified as digital scaling, remote locking, real-time tracking, proximity sensors, and others. By region, the market is distributed as North America, Asia Pacific, Europe, Latin America, and the MEA.
Key segments of the global Smart Luggage market
by Battery 2018-2026 (USD Million)
by End-user 2018-2026 (USD Million)
Regional Overview, 2018-2026 (USD Million)
• North America
o Rest of Europe
o Southeast Asia
o Rest of Asia-Pacific
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
• Central & South America
o Rest of South America