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Smart Luggage Market is Expected to Grow at a CAGR of 26.0% During 2022-2031 | Horizn, Horizn, Delsey

05-18-2023 04:35 PM CET | IT, New Media & Software

Press release from: Global Insight Services

Smart Luggage Market is Expected to Grow at a CAGR of 26.0% During

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.

Read more about Smart Luggage Market here: https://www.globalinsightservices.com/reports/smart-luggage-market/

Global Smart Luggage Market Segmentation

By Type

Sensors
SIM Cards
USB Charging
Others

By Connectivity

GPS
Wi-Fi
RFID
Others

By End-user

Remote Locking
Digital Scaling
Proximity Sensors
Others

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By Region

North America
The U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of World
Latin America
Middle East
Africa

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Key Players

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

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10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
Free consultation with lead analyst of the report
Excel data pack included with all report purchases
Robust and transparent research methodology

Groundbreaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with the highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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