Smart Luggage Market Revenue to close at USD 2075.85 million by 2027
Posted On November 24, 2021
The Global Smart Luggage Market is foreseen to grow at a remarkable CAGR of 16.8% during the year 2021-2027 as estimated by the report from Value Market Research wherein the market value is expected to grow to USD 2075.85 million by 2027. The primary factor influencing the smart luggage market is the fast increasing visitor traffic, which leads to an expanding tourism industry. Consumers also like to up their style quotient, so they seek out smart and fashionable luggage that complements their unique style and attitude. Furthermore, the rise in popularity of fashionable luggage, as well as manufacturers' increased focus on providing tech-savvy luggage, will help to the growth of the smart luggage market in the future years. In the projected period, the expanding use of the internet of things and the inclusion of technologically advanced extra features in smart baggage are expected to boost the market for smart luggage. Bluetooth charging, position and proximity alerts, Bluetooth charging, GPS and electronic locks, tracking system, automated locking, and smartphone connectivity have transformed ordinary luggage into an intelligent subsystem that can be connected to smartphones. Concerns about data privacy, as well as the high cost of products, have a detrimental impact on the market.
Smart luggage is a game-changer in the travel sector, with built-in features like GPS locators, USB ports for charging gadgets, solar-powered batteries, and remote lock systems. Current industry trends, such as growing digital scaling in smart baggage systems and the use of SIM cards in smart luggage systems, are examples of current industry trends.
The geographical and segmentation study covered in the report "Global Smart Luggage Market Report By Technology (Connectivity (Wi-Fi, GPS, RFID, A Bluetooth), Sim Card, USB Charging), By Application (Real-Time Tracking, Proximity Sensors, Remote Locking, Digital Scaling, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" helps in understanding the upcoming trends of the market.
On the basis of technology the market is segmented into Connectivity (Wi-Fi, GPS, RFID, a Bluetooth), Sim Card, USB Charging. By application the smart luggage market is categorised as Real-Time Tracking, Proximity Sensors, Remote Locking, Digital Scaling, Others. Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. This section provides the estimates of market by segment, thus providing valuable data to take strategic decisions.
The Report Segments Global Smart Luggage Market -
- Connectivity (Wi-Fi, GPS, RFID, a Bluetooth)
- Sim Card
- USB Charging
- Real-Time Tracking
- Proximity Sensors
- Remote Locking
- Digital Scaling
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
Bluesmart, Delsey, Samsonite, Reden, Away, Trunkster, Barracuda, and Lugloc.
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