- March 2020 |
- Consumer Goods / Other
Smart Luggage Market Size, By Technology (Sim Card, USB Charging, Sensors, Others), Connectivity (Wi-Fi, Bluetooth, GPS, RFID), Application (Real-time Tracking, Texting Alerts, Remote Locking, Digital Scaling, Others), and By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis, Competitive Market Share & Forecast, 2016-26
Global Smart Luggage Market Forecast and Trends
The global Smart Luggage market has reached USD 1.23 Billion in 2019 and anticipated to grow nearly at a CAGR of above 11 % to reach 2.5 Billion USD by 2026. Increasing travel & tourism, product design & quality innovations, rising demand for IoT-based applications, and the growing consumer shift to recreational lifestyle from traditional lifestyles are pushing organizations to focus on incorporating the innovative technological features into their current offerings. The luggage industry is adding advanced technological features such as tracking systems, automatic locking luggage, etc....