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PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1534926

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PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1534926

Smart Carry-On Bags Market: Current Analysis and Forecast (2024-2032)

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The smart carry-on bags market is experiencing rapid growth, driven by the increasing demand for innovative and tech-integrated travel solutions. These advanced luggage options come equipped with features such as built-in charging ports, GPS tracking, digital locks, and weight sensors, significantly enhancing convenience, security, and connectivity for travelers. The market is fueled by technological advancements and the rising preference for digital and connected devices. Additionally, trends towards sustainability and the use of eco-friendly materials are becoming more prominent in the industry. Leading manufacturers are continuously innovating to incorporate biometric security, AI-driven features, and seamless integration with broader smart travel ecosystems. This ongoing innovation is positioning smart carry-on bags as a crucial component in modern travel, catering to the needs of tech-savvy and convenience-seeking travelers. The market's future looks promising, with sustained growth expected as these technologies become more mainstream and integrated into everyday travel.

The Smart Carry-On Bags Market is expected to grow at a strong CAGR of 10% during the forecast period, owing to increasing preference for digital and connected devices. As people increasingly integrate technology into their daily lives, the demand for smart devices that enhance convenience, connectivity, and efficiency grows correspondingly. This trend extends to the travel industry, where smart carry-on bags equipped with advanced features such as built-in charging ports, GPS tracking, digital locks, and weight sensors are becoming highly desirable. Several companies have launched new products, thus driving the market growth. For instance. In March 2024, Samsonite introduced its latest line of smart carry-on bags featuring advanced GPS tracking, biometric locks, and a proprietary app for centralized control. This launch marks Samsonite's continued commitment to integrating cutting-edge technology into its products to enhance the travel experience.

By type, the market is segmented into USB charging, connectivity, and sensors. The USB charging segment held dominant share of the market in 2023. The USB charging segment is a pivotal component of the smart carry-on bags market, reflecting the increasing need for mobile power solutions among travelers. This feature allows users to charge their electronic devices, such as smartphones, tablets, and laptops, directly from their luggage, ensuring they stay connected and powered throughout their journey. The integration of USB charging ports in smart carry-on bags addresses a significant pain point for modern travelers, who often rely on multiple devices for communication, entertainment, and work. The rising number of product launches is also boosting the market growth. For instance, in January 2024, Samsonite launched a new line of smart carry-on bags featuring enhanced USB charging capabilities. The bags include multiple USB ports powered by a high-capacity battery, allowing travelers to charge several devices simultaneously.

Based on the distribution channel, the market is bifurcated into offline and online. The online segment is anticipated to grow with high CAGR during the forthcoming period, driven by the increasing preference for e-commerce and the convenience it offers to consumers. With the rise of digital shopping platforms, consumers can easily browse, compare, and purchase smart carry-on bags from the comfort of their homes. The online market provides access to a wide range of brands and models, detailed product descriptions, customer reviews, and competitive pricing, making it an attractive option for tech-savvy travelers. Moreover, online retailers often offer exclusive deals, fast shipping options, and easy return policies, further enhancing the shopping experience.

For a better understanding of the market adoption of smart carry-on bags industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America held a dominant share of the market in 2023. The North America smart carry-on bags market is witnessing robust growth, driven by increasing consumer demand for innovative travel solutions and advanced technology integration. The region's high adoption rate of digital and connected devices, coupled with a strong travel culture, makes it a significant market for smart luggage. Factors such as the convenience of built-in charging ports, GPS tracking, digital locks, and weight sensors appeal to tech-savvy travelers who prioritize efficiency and security. For instance, in February 2024, Rimowa launched a new collection of smart carry-on bags that incorporate voice-activated controls. Travelers can now use voice commands to lock or unlock their bags, check the bag's weight, and track its location. Additionally, the proliferation of e-commerce platforms has made these advanced travel products more accessible, contributing to the market's expansion.

Some of the major players operating in the market include Fugu Luggage, Safari, American Tourister, AWAY, Arista Vault, Airwheel, Delsey, Modobag, Samsonite IP Holdings S.a r.l., and Planet Traveler.

Product Code: UMCG212925

TABLE OF CONTENTS

1.MARKET INTRODUCTION

  • 1.1. Market Definitions
  • 1.2. Main Objective
  • 1.3. Stakeholders
  • 1.4. Limitation

2.RESEARCH METHODOLOGY OR ASSUMPTION

  • 2.1. Research Process of the Smart Carry-on Bags Market
  • 2.2. Research Methodology of the Smart Carry-on Bags Market
  • 2.3. Respondent Profile

3.EXECUTIVE SUMMARY

  • 3.1. Industry Synopsis
  • 3.2. Segmental Outlook
    • 3.2.1. Market Growth Intensity
  • 3.3. Regional Outlook

4.MARKET DYNAMICS

  • 4.1. Drivers
  • 4.2. Opportunity
  • 4.3. Restraints
  • 4.4. Trends
  • 4.5. PESTEL Analysis
  • 4.6. Demand Side Analysis
  • 4.7. Supply Side Analysis
    • 4.7.1. Merger & Acquisition
    • 4.7.2. Investment Scenario
    • 4.7.3. Industry Insights: Leading Startups and Their Unique Strategies

5.PRICING ANALYSIS

  • 5.1. Regional Pricing Analysis
  • 5.2. Price Influencing Factors

6.GLOBAL SMART CARRY-ON BAGS MARKET REVENUE (USD BN), 2022-2032F

7.MARKET INSIGHTS BY TYPE

  • 7.1. USB Charging
  • 7.2. Connectivity
  • 7.3. Sensors

8.MARKET INSIGHTS BY DISTRIBUTION CHANNEL

  • 8.1. Online
  • 8.2. Offline

9.MARKET INSIGHTS BY REGION

  • 9.1. North America
    • 9.1.1. U.S.
    • 9.1.2. Canada
    • 9.1.3. Rest of North America
  • 9.2. Europe
    • 9.2.1. Germany
    • 9.2.2. U.K.
    • 9.2.3. France
    • 9.2.4. Italy
    • 9.2.5. Spain
    • 9.2.6. Rest of Europe
  • 9.3. Asia-Pacific
    • 9.3.1. China'
    • 9.3.2. Japan
    • 9.3.3. India
    • 9.3.4. Rest of Asia-Pacific
  • 9.4. Rest of World

10.VALUE CHAIN ANALYSIS

  • 10.1. Key Component Analysis
  • 10.2. List of Market Participants

11.COMPETITIVE LANDSCAPE

  • 11.1. Competition Dashboard
  • 11.2. Competitor Market Positioning Analysis
  • 11.3. Porter Five Forces Analysis

12.COMPANY PROFILED

  • 12.1. Fugu Luggage
    • 12.1.1. Company Overview
    • 12.1.2. Key Financials
    • 12.1.3. SWOT Analysis
    • 12.1.4. Product Portfolio
    • 12.1.5. Recent Developments
  • 12.2. Safari
  • 12.3. American Tourister
  • 12.4. AWAY
  • 12.5. Arista Vault
  • 12.6. Airwheel
  • 12.7. Delsey
  • 12.8. Modobag
  • 12.9. Samsonite IP Holdings S.a r.l.
  • 12.10. Planet Traveler

13.ACRONYMS & ASSUMPTION

14.ANNEXURE

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