Smart Luggage Market Expansion Continues, with Forecast Valuation of $4.91 Billion by 2029

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Smart Luggage Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The intelligent luggage sector has seen a swift expansion in recent times, with the market size expected to increase from $2.11 billion in 2024 to $2.5 billion in 2025, indicating a compound annual growth rate (CAGR) of 18.3%. Factors such as the increasing demand for intelligent travel luggage, growing fascination for travel technology, infrastructure development related to tourist spots, an uptick in air travel expos, and a spike in theft incidents at airports and other public places, have played a significant role in boosting growth within the historic period.

Smart Luggage Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the smart luggage market is anticipated to experience a significant expansion, reaching a valuation of $4.91 billion by 2029 with a compound annual growth rate (CAGR) of 18.4%. The predicted surge within this period can be credited to factors such as the rise in consumer expenditure on travel, the growing reliability of wi-fi and bluetooth technologies, the increase in tech-aware travelers, the mounting demand for improved comfort and safety during travel, and the escalating developmental activities related to tourist locations. Key trends to look out for during the forecast period encompass smart technology, the incorporation of IoT technology, tech-driven products, sensor technology, and product innovation.

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What Are the Drivers Transforming the Smart Luggage Market?
The growth of the smart luggage industry appears to be driven by the increasing prevalence of air travel. Air travel, which involves the use of aircraft to transport people and goods over long distances, has become more popular due to reduced costs, quicker journeys, better interconnectedness, and higher global travel demand. The role of smart luggage in improving the air travel experience through features such as GPS tracking, remote locking systems, and built-in scales cannot be overstated, as it ensures traveler's baggage is safe, convenient, and adheres to airline weight limitations. Additional features such as USB charging ports and proximity alerts further ensure traveler's convenience and prevent the loss or theft of luggage. For example, the International Air Transport Association (IATA), a Canada-based international trade body, reported in January 2025 that total full-year air traffic in 2024, expressed in revenue passenger kilometers (RPKs), grew by 10.4% compared to 2023. International traffic experienced a year-over-year increase of 13.6%, with a corresponding capacity increase of 12.8%. Meanwhile, 2024's domestic traffic increased by 5.7% from 2023, and capacity increased by 2.5%. Consequently, the increasing prevalence of air travel is leading the smart luggage industry's growth.

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Which Fast-Growing Trends Are Poised to Disrupt the Smart Luggage Market?
Top-notch companies active within the smart luggage sector are prioritizing techological enhancements like wallet trackers, which mitigate loss and theft through real-time tracking, mobile phone warnings, and simplified retrieval of wallets that have been misplaced. Wallet trackers are tiny devices empowered by Bluetooth or GPS that are orchestrated to aid in the detection of lost or mislaid wallets via an app on a linked smartphone. Take for instance, Samsung, a company rooted in South Korea producing electronic components, introduced the Galaxy SmartTag2 in October 2023. This advanced Bluetooth tracker, designed specifically for backpacks, was launched with a revamped circular body, supplanting its former punch-hole outline, and bolstered with ultra-wideband as well as Bluetooth connectivity. Noteworthy features of this device include a novel 'Lost Mode' which enables users to input contact details to expedite the recovery of lost items. Moreover, the Compass View denotes the path using arrows exhibited on the screen. Furthermore, Samsung has boosted the battery life to support prolonged usage.

Which Segments in the Smart Luggage Market Offer the Most Profit Potential?
The smart luggage market covered in this report is segmented -

1) By Product Type: Duffel Bags, Strollers, Travel Backpacks, Other Product Types
2) By Technology: Sensors, SIM Cards, USB Charging, Connectivity Technology
3) By Material: Nylon, Leather, Canvas, Plastic, Other materials
4) By Distribution Channel: Specialty Stores, Online Stores, Brand Stores, Other Distribution Channels

Subsegments:
1) By Duffel Bags: Medium Duffel Bags, Large Duffel Bags, Rolling Duffel Bags
2) By Strollers: Single Seat Strollers, Double Seat Strollers, Folding Strollers
3) By Travel Backpacks: Carry-On Backpacks, Laptop Backpacks, Hiking Backpacks
4) By Other Product Types: Smart Suitcases, Smart Carry-Ons, Smart Totes

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Which Firms Dominate the Smart Luggage Market by Market Share and Revenue in 2025?
Major companies operating in the smart luggage market are Samsonite International, Wrangler Brands Inc., Tumi Inc., Rimowa GmbH, Arlo Skye Inc., Delsey S.A., Heys International, Cargo Inc., Airwheel Technology Holding Limited, ECBC Inc., Horizn Studios, Modobag Inc., Plevo, ForwardX, July Inc., Weego Inc., Samsara Luggage, Monos Inc., Kabuto Inc., TraxPack Inc.

Which Regions Offer the Highest Growth Potential in the Smart Luggage Market?
North America was the largest region in the smart luggage market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart luggage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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