According to the Market Statsville Group (MSG), the global Smart Luggage Market size is expected to grow from USD 1,269.9 million in 2021 to USD 6,454.7 million by 2030, at a CAGR of 19.8% from 2022 to 2030.

Smart baggage is any useful bag or suitcase with high-tech features. Aside from typical use, smart baggage has innovative features such as storage for clothing and accessories. GPS locators, USB charging outlets, solar-powered batteries, and remote lock systems are among the characteristics of smart baggage. Instead of carrying a separate charger, people may plug phones or other gadgets into backpacks to charge them.

The fundamental reason for replacing traditional baggage with smart luggage is customers' changing needs and wants. The goal of creating smart baggage is not just to bring innovation but also to make it user-friendly. Smart luggage and bags come in a variety of colors and sizes. Smart baggage may be an excellent travel companion for both experienced and inexperienced travelers. It provides excellent peace of mind while allowing you to enjoy it.

Developments in the travel sector, airline travel and tourism, advancements in product design and quality, desire for IoT-based applications, and customer demand for lifestyle items are all prompting enterprises to focus on innovative thinking regarding features in their conventional luggage. Increasing international travel and internet penetration are two important motivators for introducing technology applications in the baggage business.

The Smart Luggage Market is primarily driven by technological innovation, with increased Internet of Things (IoT) adoption and rising demand for IT-based applications. The constantly expanding travel and tourism sector in developed and emerging nations is predicted to promote the expansion of the Smart Luggage Market. Furthermore, the rising demand for smart baggage with different aspects and technologies such as electronic locks, biometric features, Bluetooth, GPS, and so on is propelling the Smart Luggage Market forward.

However, a lack of understanding about smart baggage, the high cost of smart luggage, and the restricted availability of these bags may hinder the worldwide Smart Luggage Market's growth throughout the forecast period. Integrating smart baggage devices with analytics will likely provide the Smart Luggage Market with potential development prospects.

COVID-19 Impact on the Global Smart Luggage Market

Before the COVID-19 epidemic, the corporate and leisure travel markets flourished. The tourism sector is anticipated to be back on track in the coming years as travel restrictions are gradually relaxed regionally and globally. The growing travel industry worldwide will likely boost the smart luggage market during the forecast period. Customers benefit from the ease and enjoyment provided by smart baggage. The built-in features enable customers to enjoy their vacation without difficulty. As a result, the smart luggage market is predicted to expand throughout the forecast period.

Global Smart Luggage Market Dynamics

Drivers: Technology Advancements in Luggage Design are Projected to Boost Market Expansion

Incorporating technological elements like IoT and Bluetooth connectivity to smartphones, GPS tracking, and so on into the design of such items has increased customer demand for such smart baggage. For instance, Samsora Baggage Inc. teamed with Monogoto, a technology services provider firm, in January 2020 to enable Samsora's clients to stay connected with their smart luggage via a WIFI hotspot feature built in the luggage's design. Furthermore, the expanding leisure activities of the worldwide population are driving long-term demand for such items.

Moreover, increased infrastructure development associated with tourist destinations is expected to generate income from smart baggage. Furthermore, increased consumer online purchases for baggage items fuel the market's long-term expansion. According to a poll done by the Consumer Reports Organization, in 2019, 27 percent of the respondents out of 17,000 people questioned switched to online baggage purchasing from nearby physical stores.

Restraints: Risks Associated with Lithium Batteries in Smart Luggage Bags

Smart baggage often includes a lithium battery that may charge other gadgets or power the luggage itself. Airlines have prohibited smart baggage with a non-removable lithium battery because the lithium battery is unsafe and can cause a fire, according to airline lithium regulations. As a result, the expansion of the smart baggage industry may be constrained.

Factors such as a lack of understanding about smart baggage, the high cost of smart luggage, and the restricted availability of these bags also hinder the worldwide Smart Luggage Market's growth throughout the forecast period.

Opportunities: Manufacture Luggage Bags with Removable Batteries

Manufacturers have the opportunity of producing batteries made of various metals or bags with detachable batteries. During the forecast period, this might greatly benefit the smart baggage industry. A drop in the price of smart baggage and the introduction of new technologies may provide an opportunity for market expansion.

Scope of the Global Smart Luggage Market

The study categorizes the smart luggage market based on technology, connectivity, and application at the regional and global levels.

By Technology Outlook (Sales, USD Million, 2017-2030)

• Connectivity
• Sim Card
• USB Charging

By Connectivity Outlook (Sales, USD Million, 2017-2030)

• Wi-Fi
• GPS
• RFID
• Bluetooth

By Application Outlook (Sales, USD Million, 2017-2030)

• Real-Time Tracking
• Proximity Sensors
• Remote Locking
• Digital Scaling
• Others

By Region Outlook (Sales, USD Million, 2017-2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

RFID segment accounts for the highest CAGR during the forecast period by connectivity

Based on connectivity , the global Smart Luggage Market is divided into Wi-Fi, GPS, RFID, and Bluetooth. RFID is expected to grow rapidly, owing to the existing infrastructure of RFID scanning at airports. Because of the rising penetration of IoT devices and the comparatively low prices and maintenance needs of the sensors, the proliferation of sensor-based smart luggage items is predicted to be a major trend. A companion application connects the smart luggage to the user. These apps provide users an easy travel experience while giving information such as flight schedules, currency exchange, destination, gates, and weather. The adoption of SIM cards to access the internet is projected to expand the smart luggage industry.

North America is projected to account for the largest market share, by Region

Based on the regions, the global Smart Luggage Market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. North America is expected to have the largest market share. North America leads the industry in terms of bringing technological advancements in products. People in North America like technologically sophisticated items; public awareness of the benefits of these products is augmenting the demand for the North American smart baggage market over the forecast period.

Key Market Players in the Global Smart Luggage Market

The global smart luggage market is highly competitive, with key industry players adopting strategies such as product development, partnerships, acquisitions, agreements, and expansion to strengthen their market positions. Most market companies focus on expanding operations across regions, augmenting their capabilities, and building strong partner relations.

Major players in the global smart luggage market are:

• Samsonite
• Bluesmart Black Edition
• Horizn Studios
• Delsey
• TraxPack
• Bluesmart
• Raden
• Modobag
• Away
• Trunkster

Recent Developments

• In May 2020, Porsche SE, an Australian lifestyle firm, teamed with Bricstore to manufacture high-performance, lightweight travel solutions for the Italian market.
• In September 2019, Samsonite IP Holdings S.AR.L. collaborated with Panasonic Corporation to create a new product called 'EVOA Tech,' which allows consumers to identify and monitor baggage using their cellphones, Bluetooth, and IoT technologies incorporated in the luggage.

Key Issues Addressed

• What is the market size by various segmentation of the smart luggage by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the smart luggage market?
• What are the key opportunities and trends for manufacturers involved in the smart luggage supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of smart luggage in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market