The global smart luggage market was valued at USD 1.2 Billion in 2021 and it is anticipated to grow up to USD 12.1 Billion by 2031, at a CAGR of 26.0% during the forecast period.

Smart luggage is a type of luggage that is equipped with advanced features and technology. These features can include GPS tracking, remote locking, and weight sensors. Smart luggage is designed to make traveling easier and more convenient for users. Many smart luggage products also come with built-in chargers for devices such as laptops and phones.

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Market Trends and Drivers

Consumer shift towards lifestyle, leisure, and style-quotient is expected to drive the smart luggage market for the next seven years. Growth in internet penetration and increase in international air travel is expected to drive the technological innovation. Growing penetration of Internet of Things (IoT) has compelled the players in the baggage segment to equip the luggage with smart features such as traceability and advanced locking system. This is expected to attract tech-savvy customers to a large scale over the forecast timeframe. The technological advancements such as location & proximity alerts, automated locking, tracking system, and connectivity with smartphones have transformed the regular baggage to an intelligent subsystem that can be linked to the smartphones. For instance, the range of baggage from Bluesmart consist of a digital handle that is a digital scale to measure the weight of the bag. Furthermore, the case is protected with a digital lock which gets activated when it is moved away from the phone.

Market Restraints and Challenges

The key restraints and challenges in Smart Luggage market are there is still a lack of awareness about smart luggage and its benefits among consumers, which is hindering the growth of the market. Smart luggage is still considered to be a luxury item due to its high cost, which is another challenge for the market. Moreover, some smart luggage products still have limited features compared to traditional luggage, which is another challenge for the market.

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Global Smart Luggage Market Segmental Overview

The report analyses the global smart luggage market based on type, connectivity, application, and region.

Global Smart Luggage Market by Type

By type, the market is segmented into Sensors, SIM Cards, USB Charging, and Others. The sensor segment accounted for significant market share in 2021 and is expected to register lucrative CAGR over the forecast period. The increased usage of sensor technology in a variety of applications such as cameras and medical equipment, as well as technological advances in gas sensors, among other things, are having an effect on the market expansion. A growing number of medical gadgets and equipment are incorporating sensors as a result of the fast increase in hospitalization. Other factors contributing to the market’s expansion include the growing usage of sensors in applications such as smart grids, home automation, and intelligent transport systems as well as technological advancements in communication and information technology.

Global Smart Luggage Market by Connectivity

By connectivity, the smart luggage market is classified into GPS, Wi-Fi, RFID, and Others. Based on connectivity technology, RFID is expected to witness high growth, owing to existing infrastructure of RFID scanning on the airports. Proliferation of sensor-based smart baggage products is expected to be a growing trend, owing to increasing penetration of IoT devices and relatively low costs & maintenance requirements of the sensors. The smart luggage is connected to the user using a companion application. These applications provide user with intuitive travel experience and providing information including flight schedules, currency exchange, destination, gates, and weather. Use of SIM cards to access the internet is expected to provide growth opportunities to the smart luggage market.

Global Smart Luggage Market by Application

The application segment of the market is bifurcated into Remote Locking, Digital Scaling, Proximity Sensors, and Others. Real-time tracking applications are expected to gain popularity over the forecast timeline, owing to increasing instances of loss of luggage by the airlines. Thefts of luggage and security breaches have encouraged the customers to buy smart luggage equipped with remote locking and proximity alerting capabilities. Digital scaling in the smart baggage systems is expected to gain consumer focus, as it avoids the last-minute hassle of the passenger travelling with an over-weight baggage. The weight sensors in the bag calibrates itself when the bag is empty. When the packed bag is picked up, it indicates the total weight of the bag. Ease of use and benefits such as companion app is expected to drive the smart luggage market demand. However, high costs and lack of awareness about the products are expected to hinder the smart luggage market growth during the forecast timeline.

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Major Players in the Global Smart Luggage Market

• Samsonite International S.A.
• Away
• Trunkster
• Raden
• Bluesmart Black Edition International
• Horizn
• Delsey
• Planet Traveler
• American Tourister
• TraxPack

COVID-19 Impact

The government instructions, like social distancing and lockdowns during the COVID-19 pandemic, pushed industries to adopt robots to continue the production flow by following government instructions. For instance, according to the World Robotics 2021 report by IFR, the electrical and electronic industry witnessed the largest installation of industrial robots, 109,000 in 2020, increasing significantly after its decline from 89,000 in the previous years.

Throughout the world, the sensor sector has received considerable momentum in recent years, thanks in large part to the enormous amount of attention that Sensors have received in recent years. The COVID-19 epidemic, on the other hand, has caused roadblocks in the market’s expansion, effectively putting the whole globe to a stop. Also with lockdown enforced as a result of the outbreak causing massive revenue damages to end-use sectors such as medical, automobile, technology, and other industries, sensor costs skyrocketed and demand plummeted, leading sensor prices to soar and demand to plummet

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Research Scope

• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.

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