Increase in Use of IoT-based Technology in Transportation Sector to Drive The Growth of the Global Smart Luggage Market

Smart luggage has come a long way since the introduction of the first device-charging bags in the market. In the last five years, the demand for smart luggage has gained skyrocketing popularity and has become an essential part for tech-savvy people as it contains high-tech capabilities including electronic locks, GPS tracking, device charging, Wi-Fi & Bluetooth connectivity, and many more.

The growth of the global smart luggage market is primarily supported by the growing demand for products with advanced technology that makes life easier and stylish. Further, the increase in penetration of IoT-based technology in luggage industry, rapidly growing tourism sector owing to increase in traveling for leisure & business, and growing attraction towards trendy luggage are some of the key aspects that are propelling the growth of the global market. Smart luggage makes traveling easy as it enables to charge mobile devices, track the bag, weigh the bag by picking it up, controls TSA-approved locks from smartphones, and many more. This is fueling the demand for smart luggage which in turn is boosting the growth of the market. Moreover, growing focus on manufacture of smart luggage is also adding up to escalate the revenue growth in the global market. Furthermore, growing inclination towards the development of quality and innovative product design in luggage may have significant opportunities for the growth of the global market over the forecast period.

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The global smart luggage market is segregated based on technology, product type, application, distribution channel, and region. The technology segment comprises connectivity, sim card, and USB charging. By product type, the global market is categorized into travel backpacks, strollers, duffel bags, and others. The application segment is divided into remote locking, digital scaling, proximity sensors, real-time tracking, and others. Based on distribution channel, the market is split into brand stores, online stores, specialty stores, and others.

Region-wise, North America is estimated to hold the largest share in the global smart luggage market during the forecast period. Presence of key manufacturers and rapid adoption of smart luggage are some of the key factors that are driving the growth of the market in this region. The European market is anticipated to grow at a healthy rate owing to heavy investment in the manufacture of smart luggage and growing advancement in IoT-based technology. On the other hand, the market in Asia Pacific region is expected to grow rapidly owing to growing standard of living and growing demand for smart luggage owing to its state-of-the-art features.

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The prominent players operating in the global smart luggage market include Reden, Away, Samsonite, Bluesmart, Delsey, Lugloc, Barracuda, Trunkster, Planet Traveler, and Samsara, among others.

Key Developments: In September 2019, Samsonite and Panasonic entered into a partnership to launch IoT-enabled smart luggage. With the integration of Panasonic’s Seekit™ Bluetooth Tracker and Samsonite’s new product EVOA Tech, the innovative product will allow the user to tag & track the luggage in an easy & effective manner.