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. As a result, several luggage companies and crowd-funded
start-ups are adding to the luggage products tech features to address the
stagnant innovation. The increasing penetration of the Internet is some of the
main drivers for introducing technology applications in the luggage industry.
Smart Luggage Market Overview:
Smart luggage is
user-friendly bags and suitcases, which has tech features. Smart luggage tech
features include Wi-Fi, GPS, Bluetooth, Portable charger, digital lock, etc. As
the Internet has become part of our everyday lives and with changing customer
needs, smart luggage will replace conventional luggage. The primary reason for
the technological innovations in bags is to make the customer's journey easier
and hassle-free. These opportunities push luggage companies to integrate
technological features into their products to remain in the ever-changing
business climate. The convenience that smart luggage provides has increased the
need for smart luggage. The customer's changing desires and expectations have
replaced conventional luggage with smart luggage.
Mishandling of luggage
For frequent travelers losing, damaging, or
receiving delayed baggage in transit is a nightmare. Airport authorities often
face difficulties in keeping track of and handling the vast number of luggage
with an increase in the number of travelers worldwide every year. Also, the
airport and the airlines have to monitor the passenger baggage status in
real-time before, after, and on the flight. These problems can be solved with
the use of real-time tracking of smart luggage.
in practical applications
In upcoming years, the
demand for user-friendly luggage will increase rapidly. Growth is accredited to
rising per capita income and shifting consumer demands for comfortable
lifestyles. Luggage-related anxiety during any part of the trip reduces
significantly, thanks to technology. In the travel industry, smart luggage is a
game-changer with built-in features such as GPS locators, USB ports to charge
your devices, and remote locking systems will make traveling convenient.
As innovative technologies
are used in the smart luggage to make the travel easier and hassle-free.
Leading the price of the smart luggage to increase significantly as compared to
the traditional luggage. High prices may hamper the growth of the Smart Luggage
market over the forecast period.
Smart Luggage Market: By Technology
Based on technology, the
Smart Luggage market segmented into Sim Card, USB Charging, Sensors, and
Others. Sensors are expected to have higher market growth in the forecast
period. The increasing demand for IoT-based applications, increasing internet
penetration, and the need for product & quality improvements create
significant opportunities for technologies. Sensors will be instrumental in
tracking lost or misplaced airport luggage. Within the next decade, many small
and medium-sized technology providers are expected to enter the market.
Smart Luggage Market: Connectivity
Based on Connectivity, the
Smart Luggage market segmented into Wi-Fi, Bluetooth, GPS, RFID. Due to the
existing infrastructure for scanning RFID tags at the airports, the RFID
segment is expected to grow during the forecast period. RFID offers a faster
and more accurate automated solution than barcode scans. RFID tags that are
applied to baggage are read before, and after each flight at airports, the bags
can be recognized and tracked without the need for human intervention. Its main
goal is to lower the number of lost luggage and the related costs, saving time
and money that are two critical factors for travelers.
Smart Luggage Market: Applications
Based on Applications, the
Smart Luggage market is bifurcated into Real-time Tracking, Texting Alerts,
Remote Locking, and others. Due to the airline's rising cases of luggage
misplacement, the real-time tracking and remote locking segment are expected to
grow during the estimated period. Real-time monitoring of airport luggage can
be done using smartphone and smartwatch applications, which makes the process
Smart Luggage Market: Regional insights
By geography, the global
Smart Luggage Market segregated into North America, Europe, Asia Pacific,
Middle East & Africa, and Latin America. North America will have the
largest market share, mainly due to technological advancements and their
acceptance of smart luggage. Asia-Pacific is anticipated to have the
fastest-growing market in the forecast horizon after North America, due to
rising urbanization and surge in travelers from nations like China, India,
Malaysia and Singapore, and with increasing levels of air traffic. Also,
increasing demand for stylish and diverse luggage items, various modern and
smart suitcase categories have increased demand for these products.
objective of the Study:
To analyze and forecast the
global Smart Luggage market size of the market in terms of value.
To examine the careful
market segmentation and forecast the market size, in terms value, based on the
region by segmenting the Global Smart Luggage market into five regions, namely,
North America, Europe, Asia Pacific, Latin America and Middle east &
To outline, categorized, and
forecast the Global Smart Luggage market based on the technology, connectivity,
application, and region.
To examine competitive
developments like technological advancement, services, and regulative framework
within the global Smart Luggage Market.
To highlight the impact
analysis of the factors affecting the market dynamics such as drivers, restraints,
opportunities, and challenges.
To strategically profile the
key players and comprehensively analyze their market shares along with
detailing the competitive landscape for market leaders.
of the Report
Historical data – 2016-2019
Base Year – 2019
2020 – 2026
Revenue in USD Million/Billion
U.S, Canada, Germany, UK,
France, Italy, Spain, Brazil, Mexico, Argentina, Japan, South Korea, China,
India, UAE, South Africa, Saudi Arabia
By Technology, Connectivity, Application
Bluesmart Black Edition, Horizn Studios GmbH, TraxPack LLC, Modobag, Delsey
S.A., Planet Traveler USA, Away Com INC, Néit Products Ltd, Trunkster,
RIMOWA, Modobag, Airbolt, Arlo Skye, Shelfpack, Progo, Genius Pack, Away
Carry-on, Néit Collapsible Suitcase and, Other Prominent Players.
Middle East & Africa