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Smart Luggage Market to record USD 4.48 Bn incremental growth

What is smart luggage? Smart luggage refers to suitcases with tech capabilities—typically USB ports to connect portable chargers for easy access. Some styles include their own portable chargers, while others require you to provide your own. Either way, you’ll never have a dead phone while traveling. The global smart Iuggage market is expected to grow by USD 4.48 billion, accelerating at a CAGR of 20.87% between 2021 and 2026.

SIM card e SIM shop

To estimate the size of the market, Technavio has tracked the recent trends and developments in the apparel, accessories, and luxury goods markets.

Smart Luggage Market: Major Growth Drivers

The smart luggage market reports the following factors as major growth drivers during the forecast period:

  • Premiumization through product innovation
  • Increasing consumer focus on luggage security
  • An increasing number of product launches

In addition, the report identifies the enforcement of weight regulations on luggage by airlines as a major trend in the smart Iuggage market. The introduction of basic economic fare has forced most airlines to avoid heavy luggage inside the aircraft. Some are enforcing strict weight regulations for luggage. To capitalize on this trend, vendors in the market are offering smart luggage with built-in scales that help travelers comply with weight regulations set by various airline operators. This trend is expected to have a positive impact on the growth of the global smart Iuggage market during the forecast period.

Global smart Iuggage market

Technavio segments the global smart Iuggage market by technology (connectivity, USB charging, and sim card) and geography (North AmericaEurope, APAC, the Middle East and Africa, and South America).

By technology, the market will observe significant growth in the connectivity segment. The inclusion of smart devices, including global positioning systems (GPS), radio-frequency identification (RFID), Wi-Fi, and Bluetooth, into smart backpacks has aided the prevailing tech-savvy population and is driving the growth of the segment.

North America will have the largest share of the market. About 39% of the market growth will come from this region. The rise in smartphone penetration, aided by the increase in mobile subscriptions, growing Internet penetration, and increased investments toward research and development, is driving the growth of the regional market. In addition, improved technological infrastructure and increased adoption of innovative and niche products among consumers are contributing to the growth of the smart luggage market in North America.

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Smart Luggage Market: Key Vendors

  • DELSEY: The company offers
  • smart luggage called suitcases, travel bags, duffle bags, and tote beauty bags, which come in various sizes, shapes, and colors.
  • HS New Travel GmbH: The company offers smart luggage that is animal-friendly, lightweight, durable, and comes in various colors and shapes.
  • Lugloc Inc.: The company offers a smart Iuggage tracker that complies with the most rigorous flight regulations, including FAA, FCC, and TSA, with a long-lasting 15-day battery.
  • Modobag: The company offers smart Iuggage suitcase bags, which can be used as a ride or a bag.
  • Planet Traveler USA: The company offers smart zippers and lightweight luggage such as frame suitcases, aluminum luggage carry bags, and expandable hardside check bags.
  • ACE Co. Ltd.
  • Airwheel Holding Ltd.
  • Briggs & Riley Travelware, LLC
  • GOYARD SINGAPORE PTE. LTD.
  • JRSK Inc.

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