Smart Luggage Market Size

Smart Luggage Market Size

Smart Luggage Market size was over USD 630 million in 2016 and is predicted to grow at over 16% CAGR from 2017 to 2024.
 

Consumer shift towards lifestyle, leisure, and style-quotient is expected to drive the smart luggage market for the next seven years. Growth in internet penetration and increase in international air travel is expected to drive the technological innovation. Growing penetration of Internet of Things (IoT) has compelled the players in the baggage segment to equip the luggage with smart features such as traceability and advanced locking system. This is expected to attract tech-savvy customers to a large scale over the forecast timeframe.

 

The technological advancements such as location & proximity alerts, automated locking, tracking system, and connectivity with smartphones have transformed the regular baggage to an intelligent subsystem that can be linked to the smartphones. For instance, the range of baggage from Bluesmart consist of a digital handle that is a digital scale to measure the weight of the bag. Furthermore, the case is protected with a digital lock which gets activated when it is moved away from the phone.
 

Integration of these products with analytics is expected to provide viable growth opportunities. The airlines can use the data for marketing and for enhanced security & customer experience. Advancements such as machine-to- machine communication to keep the baggage safe and collected is expected to gain momentum, thus driving the smart luggage market growth.