Global smart luggage market is anticipated to grow at a significant rate during the forecast period, due to the increase in travelling for leisure or business and technological innovations in the baggage segment. Moreover, increasing proliferation of internet of things and additional features, such as Bluetooth charging, GPS, and electronic locks, are further propelling the growth of the market. In terms of connectivity, RFID is likely to grow at the highest CAGR during the forecast period on account of existing infrastructure for the scanning of RFID tags at the airports.
Based on the application, the smart luggage market has been segmented into real-time tracking, proximity sensors, remote locking, digital scaling & others. The real-time application and remote locking segments are expected to grow at the highest rate during the forecast period owing to the rising cases of luggage misplacement by the airlines. Regionally, North America dominated the smart luggage market in 2021 and the trend is likely to continue in the future on account of high adoption of technology advanced products and presence of manufacturing companies in the region. The demand for smart luggage is increasing in Asia Pacific and the region is anticipated to register the highest CAGR until 2027, on account of surging footfall and increasing air traffic
Some of the leading players in the global smart luggage market are Barracuda, Inc., Samsonite IP Holdings S.AR.L, Horizn Studios GmbH, TraxPack LLC, Modobag, Delsey S.A., Planet Traveler USA, Away Com INC, Néit Products Ltd, RIMOWA GmbH & Co Distribution KG, etc.
Objective of the Study
- To analyze and forecast the market size of global smart luggage market, in terms of value.
- To classify and forecast global smart luggage market based on technology, connectivity, application and regional distribution.
- To identify drivers and challenges for global smart luggage market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global smart luggage market.
- To conduct the pricing analysis for global smart luggage market.
- To identify and analyze the profile of leading players operating in the global smart luggage market.
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the service offerings, distribution channels and presence of all major collaboration solution providers across the globe.
Market Insights Research calculated the market size of global
Key Target Audience
- Smart luggage manufacturers and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to smart luggage
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
| Report Coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Technology · Connectivity · Application |
| Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
| Country Scope | United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt |
| Key Companies Profiled | Barracuda, Inc., Samsonite IP Holdings S.AR.L, Horizn Studios GmbH, TraxPack LLC, Modobag, Delsey S.A., Planet Traveler USA, Away Com INC, Néit Products Ltd, RIMOWA GmbH & Co Distribution KG. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
