The Business Research Company’s report on the Smart Luggage Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the smart luggage market further?
The rise in air travel is expected to propel the growth of the smart luggage market going forward. Air travel involves flying in airplanes or other aircraft, allowing people and goods to quickly travel long distances between cities, countries, or continents. The rise in air travel is due to lower costs, faster travel, better connectivity, and growing demand for global travel. Smart luggage enhances air travel by providing GPS tracking, remote locking, and built-in scales, ensuring security, convenience, and compliance with airline weight restrictions. USB charging ports and proximity alerts also help travelers stay connected and prevent lost or stolen baggage. For instance, in January 2025, according to the International Air Transport Association (IATA), a Canada-based international trade organization, total full-year air traffic in 2024, measured in revenue passenger kilometers (RPKs), grew by 10.4% compared to 2023. International traffic saw a 13.6% increase year-over-year, with capacity rising by 12.8%. Meanwhile, domestic traffic for 2024 recorded a 5.7% growth from the previous year, while capacity expanded by 2.5%. Therefore, the rise in air travel is driving the smart luggage market.
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What are the key factors influencing the forecasted market size of the smart luggage industry?
The smart luggage market size has grown rapidly in recent years. It will grow from $2.11 billion in 2024 to $2.51 billion in 2025 at a compound annual growth rate (CAGR) of 19.0%. The growth in the historic period can be attributed to rise the demand for smart travel luggage, growing interest in travel technology, growing infrastructure development associated with tourist destinations, increasing air travel shows, rising incidences of airport and public place thefts.
The smart luggage market size is expected to see rapid growth in the next few years. It will grow to $4.98 billion in 2029 at a compound annual growth rate (CAGR) of 18.7%. The growth in the forecast period can be attributed to increasing consumer spending on travel trips, increasing access to reliable wi-fi and bluetooth features, increasing number of tech-savvy travelers, growing demand for enhanced travel convenience and security, growing infrastructure development associated with the tourist destinations. Major trends in the forecast period include smart technology, integrating iot technology, technology-enabled products, sensor technology, product innovation.
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Who are the leading competitors in the smart luggage market?
Major companies operating in the smart luggage market are Samsonite International, Wrangler Brands Inc., Tumi Inc., Rimowa GmbH, Arlo Skye Inc., Delsey S.A., Heys International, Cargo Inc., Airwheel Technology Holding Limited, ECBC Inc., Horizn Studios, Modobag Inc., Plevo, ForwardX, July Inc., Weego Inc., Samsara Luggage, Monos Inc., Kabuto Inc., TraxPack Inc.
Which emerging trends are set to transform the smart luggage market landscape?
Major companies operating in the smart luggage market are focusing on technological advancements, such as wallet trackers, to prevent loss and theft by providing real-time location tracking, smartphone alerts, and easy retrieval of misplaced wallets. A wallet tracker is a compact, Bluetooth, or GPS-enabled device designed to help locate lost or misplaced wallets through a connected smartphone app. For instance, in October 2023, Samsung, a South Korea-based manufacturer of electronic components, launched the Galaxy SmartTag2, an advanced Bluetooth tracker designed for bag packs. It has a redesigned ring-shaped body that replaces the previous punch-hole design and supports ultra-wideband and Bluetooth connectivity. Its standout features include a new ‘Lost Mode,’ allowing users to input contact information to recover lost items quickly, and the Compass View feature provides directional guidance with on-screen arrows. Additionally, Samsung has enhanced battery life to allow for extended usability.
How do different geographies compare in terms of market share and growth potential in the smart luggage market?
North America was the largest region in the smart luggage market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart luggage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Which major segments of the smart luggage market are experiencing the fastest growth?
The smart luggage market covered in this report is segmented –
1) By Product Type: Duffel Bags, Strollers, Travel Backpacks, Other Product Types
2) By Technology: Sensors, SIM Cards, USB Charging, Connectivity Technology
3) By Material: Nylon, Leather, Canvas, Plastic, Other materials
4) By Distribution Channel: Specialty Stores, Online Stores, Brand Stores, Other Distribution Channels
Subsegments:
1) By Duffel Bags: Medium Duffel Bags, Large Duffel Bags, Rolling Duffel Bags
2) By Strollers: Single Seat Strollers, Double Seat Strollers, Folding Strollers
3) By Travel Backpacks: Carry-On Backpacks, Laptop Backpacks, Hiking Backpacks
4) By Other Product Types: Smart Suitcases, Smart Carry-Ons, Smart Totes
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How is the smart luggage market defined?
Smart luggage refers to travel bags and suitcases equipped with advanced technology, such as GPS tracking, built-in charging ports, and biometric locks. These features aim to enhance convenience, security, and efficiency for travelers, which makes it easy to track luggage locations, charge electronic devices on the go, and improve luggage safety with remote locking mechanisms. Smart luggage is designed to simplify travel by combining traditional functionality with modern tech features.
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