Smart Luggage Market to record USD 4.48 Bn incremental growth

The global smart luggage market size is expected to grow by USD 4.48 billion, accelerating at a CAGR of 20.87% between 2021 and 2026.

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 luggage market during the forecast period.

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