The global smart luggage market size is expected to grow from USD 1,822 million in 2024 to USD 4496 million by 2029, witnessing a CAGR of 19.8% from 2024 to 2029.
These bags not only serve the purpose of carrying belongings but also offer innovative features such as storage compartments for clothing and accessories. Some key features of smart luggage include GPS locators, USB charging outlets, solar-powered batteries, and remote lock systems. These features enable travelers to conveniently charge their devices without the need for separate chargers and provide added security and peace of mind with tracking and locking capabilities.
The smart luggage market is witnessing rapid growth and is expected to continue expanding in the future. Smart luggage is available in various colors and sizes, catering to the preferences of different travelers. It can be a valuable companion for both experienced and inexperienced travelers, offering convenience, security, and peace of mind. The aim is to enhance the travel experience by integrating technology into luggage, making it a versatile and user-friendly travel companion.
The integration of IoT and Bluetooth connectivity, GPS tracking, and other technological features into smart luggage designs has significantly increased customer demand for these products. The technological advancements enhance the overall user experience and contribute to the growing demand for smart luggage. The expanding global population's engagement in leisure activities is another factor driving the long-term demand for smart baggage and propelling global market growth. As more people participate in travel and tourism, the need for innovative and convenient luggage solutions increases. Additionally, the development of infrastructure in popular tourist destinations contributes to the potential market growth for smart luggage. Furthermore, the rise in online consumer purchases of baggage items plays a significant role in the long-term expansion of the smart luggage market.
Smart luggage has the potential to integrate with analytics, offering new insights for companies and consumers and driving further innovation and advanced features. Expanding into different categories like business travel, tour travel, trekking, and hiking can attract a broader range of consumers. Technological advancements in features like remote locking, digital scaling, real-time tracking, and proximity sensors can lead to more sophisticated smart luggage products. Although the pandemic has impacted travel, the corporate and leisure travel market is expected to recover, suggesting continued growth in demand for smart luggage in the future. This shift towards online shopping indicates the changing consumer behavior and preferences, creating opportunities for the continued growth of the smart luggage market.
The presence of lithium batteries in smart baggage is one of the key restraints to the growth of the smart luggage market. Airlines have prohibited smart baggage with non-removable lithium batteries due to safety concerns and the potential risk of fire, as stated in airline lithium regulations and this limitation in airline regulations is hindering the expansion of the smart luggage market. Furthermore, the lack of understanding about smart baggage among consumers, coupled with the relatively high cost of smart luggage, can pose challenges to the growth rate of the smart luggage market. The advanced features and technology incorporated into smart luggage often result in higher price points, making them less accessible to a wide range of consumers. Limited availability of smart luggage in the market can also contribute to slower growth in the global smart luggage market throughout the forecast period.
Before the COVID-19 pandemic, both corporate and leisure travel markets experienced significant growth. As travel restrictions gradually ease on a regional and global scale, the tourism sector is expected to regain its momentum in the upcoming years. This resurgence in the travel industry worldwide is likely to have a positive impact on the smart luggage market throughout the forecast period. Customers stand to gain convenience and enhanced travel experiences using smart baggage. The integrated features offered by smart luggage enable customers to enjoy their vacations with ease. As a result, the smart luggage market is predicted to continue expanding in the forecast period, driven by the growing demand from travelers seeking seamless and enjoyable travel experiences.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2022 to 2028 |
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Base Year |
2022 |
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Forecast Period |
2023 to 2028 |
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Segments Covered |
By Type, Application, Delivery Mode, End-User and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
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Market Leaders Profiled |
Samsonite, Bluesmart Black Edition, Horizn Studios, Delsey, TraxPack, Bluesmart, Raden, Modobag, Away and Trunkster. |
An abundance of sensor-based smart baggage products contributes to the massive demand for the smart connectivity technology segment in the forecast period. During the forecast period, the RFID sub-segment is expected to showcase promising growth due to the existing infrastructure of RFID scanning in airports. Also, the rising penetration of IoT devices and comparatively low costs & maintenance needs of the sensors used in smart luggage are further contributing to the growth of the RFID market. RFID is expected to grow rapidly, owing to the existing infrastructure of RFID scanning at airports. Because of the rising penetration of IoT devices and the comparatively low prices and maintenance needs of the sensors, the proliferation of sensor-based smart luggage items is predicted to be a major trend. A companion application connects the smart luggage to the user. These apps provide users with an easy travel experience while giving information such as flight schedules, currency exchange, destination, gates, and weather. The SIM card segment is expected to grow at a steady pace during the forecast period owing to the growing adoption of SIM cards to access the internet.
The remote locking segment held the leading share of the global smart luggage market in 2022 and is expected to witness a prominent growth rate during the forecast period due to the increasing instances of luggage loss by airlines. Moreover, luggage theft and security breaches have encouraged customers to buy smart luggage equipped with remote locking proximity alerting capabilities and escort interpretation, contributing to the remote locking segment growth in the forecast period.
The growing number of tech-savvy travelers, increasing desire from people to have smart features and advancements in the airport infrastructure are augmenting the growth of the smart luggage market in the North American region. People in North America like technologically sophisticated items; public awareness of the benefits of these products is augmenting the demand for smart baggage products. The growing trend of connected luggage in the North American region is further contributing to the North American market growth. For instance, the number of connected luggage units in the North American region is anticipated to reach 5 million by 2025.
The growing disposable income and the presence of developing economies across the Asia-Pacific region are driving the primary growth of the APAC market. The rising adoption of smart technologies in various industries, the e-commerce boom, and the presence of several manufacturers who are part of the global smart luggage market are further promoting regional market growth. China occupied the major share of the APAC smart luggage market in 2022.
The growing luxury smart luggage culture is one of the major factors propelling the European market growth. The growing urbanization, increasing awareness among people regarding the useful features of smart luggage, and rising preference from people for premium travel experiences are fuelling the growth of the European market. The growing tourism industry and increasing number of collaborations with airlines are further supporting the European market growth.
Companies playing a promising role in the global smart luggage market include Samsonite, Bluesmart Black Edition, Horizn Studios, Delsey, TraxPack, Bluesmart, Raden, Modobag, Away and Trunkster.
This research report on the global smart luggage market has been segmented and sub-segmented based on type, application, delivery, end user, and region.
By Technology
By Application
By Region
Frequently Asked Questions
The global smart luggage market is anticipated to become a 1521 million market by 2023.
Major contributors to the smart luggage market share include North America, Europe, and Asia-Pacific, with a growing presence in emerging markets.
Samsonite, Bluesmart Black Edition, Horizn Studios, Delsey, TraxPack, etc.
Concerns about data security, complying with evolving airline policies, and managing the balance between technology integration and weight restrictions are some of the major challenges to the growth of the smart luggage market.
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