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Smart Luggage Market research, Industry Outlook, Current Trends and Forecast by 2024

A detailed overview of Smart Luggage market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Smart Luggage market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

The smart luggage market is expected to grow at a significant pace, owing to continuous technological innovation in the baggage segment. Proliferation of IoT (internet of things) is expected to fuel the industry growth over the forecast timeline. Frequent air travelers need the technology that help them reduce check-in times, avoid mishandling of baggage, and remain updated about their itinerary. Furthermore, constantly rising baggage costs by the airlines is expected to aid the smart luggage market growth. Proliferation of online distribution channels and factory outlets play significant role in proliferation of these products.

Steady growth in the tourism industry and increased frequency of international travel is expected to provide workable growth opportunities to the market. However, increased concerns over security and safety is expected to be a major restraining factor, over the forecast timespan.

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Smart Luggage Market is set to exceed USD 2 billion by 2024; according to a new research report

Smart Luggage Market research, Industry Outlook, Current Trends and Forecast by 2024
Smart Luggage Market research, Industry Outlook, Current Trends and Forecast by 2024

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Real-time tracking applications are forecast to witness growth owing to the increase in instances of luggage misplacement by the airlines. The companion application, compatible with Android and iOS and that comes with the intelligent bag is expected to gain customer attention, owing to the features such as locking & tracking and information updates regarding flight schedules. Increase in security is expected to drive the demand for locking applications.

The Asia Pacific smart luggage market is expected to witness significant growth, owing to growing demand for baggage with attractive design, high quality, and comfortable products. The increasing urban population base and disposable income of the people will further drive the demand in the region. The Europe smart luggage market is expected to gain momentum over the next seven years, owing to increase in tourism and readiness of the people to adopt new technologies.

Sensors are expected to play a key role in the adoption of smart baggage. Tracking the misplaced or lost luggage is expected to boost the demand for proximity sensors. Miniaturization trend in the electronics segment is expected to positively impact the smart luggage market.

Some of the prominent players in the smart luggage industry include Bluesmart, Neit, Away, Trunkster, LugLoc, TraxPack, and Barracuda. Many startups are expected to enter the market, owing to the availability of funding on crowdsourcing platforms and huge potential. The manufacturers are continuously investing in R&D to add more features, to make it user-friendly for practical applications. For instance, Modobag is a suitcase that van alternately be used as a motor scooter with built-in seat and footrests. The device has a GPS system to keep a track of itself and two USB ports to keep the device charged.

Smart luggage market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following segments:

Major Highlights from Table of contents are listed below for quick lookup into Smart Luggage Market report

Chapter 1. Competitive Landscape

  • Company market share
  • Smart Luggage Market Competitive analysis of key market players
  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview
  • Financial Data
  • Product portfolio
  • Strategic Outlook
  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology
  • Initial data exploration
  • Smart Luggage Market Statistical model and forecast
  • Industry insights and validation
  • Smart Luggage Market Scope
  • Definition
  • Methodology and forecast parameters
  • Data Sources

Chapter 4. Executive Summary

  • Smart Luggage industry 360º synopsis - 2025
  • Smart Luggage Business trends
  • Region trends

Chapter 5. Smart Luggage industry Insights

  • Smart Luggage Industry segmentation
  • Industry landscape 2025
  • Industry Pitfalls and Challenges
  • Threat of new entrants
  • Threat of substitutes
  • Smart Luggage Market Growth potential analysis

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