Smart Bags Market Demand to Hit USD 4.42 Billion By 2032 | Globally at 12.5% CAGR

The global smart bags market size is expected to reach USD 4.42 billion by 2032, according to a new study by Polaris Market Research. The report “Smart Bags Market Share, Size, Trends, Industry Analysis Report, By Material Type (Ballistic Nylon, Canvas, Leather, Polycarbonate, PVC, and Tegris); By Types; By Distribution Channel; By Region; Segment Forecast, 2023 – 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

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Rapid developments and innovations in the production process of smart-carry bags and rising proliferation of IoT-based applications across the luggage industry along with the significant change in people lifestyles and focus on innovative products quality and designs as well, are among the prominent factors fostering the growth of the market. Smart bag manufacturers globally are also focusing on creating designs that blend technology seamlessly with fashion, while incorporating aesthetics, color options, and trendy designs to appeal to a wider audience, that is pushing the growth and product demand forward.

For instance, in February 2022, DRESSFRESH, announced about the launch of its latest NOVO Duffel, a new smart bag which eliminates Germs and Odors. The newly developed duffel provides a quite easy way to refresh the athletic apparel, clothing packed for the gym, and sports gear.

Smart bags now using embedded systems, which are small and specialized computers that control various features and functionalities and allow smart bags to easily incorporate advanced features such as GPS tracking, biometric security, and Bluetooth connectivity and are also being introduced with companion apps that enable users to control and monitor the features of the bag conveniently, which has gained significant traction in the recent years.

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The key companies operating in the market has started offering customization options, allowing customers to choose color combinations, add personal monograms or logos, and select additional features based on their preferences, which enhances the ownership experience and helps consumers create unique and personalized smart bags, that is among one of the key trends emerging in the market.

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Smart Bags Market Report Highlights

  • Ballistic nylon segment accounted for the largest market share in 2022, on account of its numerous beneficial characteristics including durability, reinforced compartments, and tamper-resistant zipper
  • Duffle smart bags segment projected to hold considerable market share over the study period, mainly due to integration of advanced features like weatherproofing and anti-theft mechanisms among others
  • Online segment is anticipated to be the fastest growing region with a significant growth rate, owing to increased number of online shoppers worldwide because of numerous benefits offered by online shopping platforms
  • North America region dominated the global market with significant revenue share in 2022, due to the growing number of technologically-aware consumers and their early adoption of technologically-enabled products
  • The global key market players include Delsey, Horizon Studios, Planet Traveler, Samsonite IP Holdings, Away Com, Rollux Luggage, and Neit Products

Key Features and Drivers:

Connectivity and IoT Integration:
Smart bags are equipped with connectivity features such as Bluetooth, Wi-Fi, and GPS tracking, allowing users to locate their bags, track their belongings, and receive real-time notifications through mobile apps or web platforms. IoT (Internet of Things) integration enables seamless connectivity and remote control of smart bag functionalities.

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Power and Charging Capabilities:
Many smart bags feature built-in power banks or removable battery packs with USB ports, enabling users to charge their electronic devices, such as smartphones, tablets, and laptops, while on the move. These charging capabilities provide added convenience and peace of mind for travelers, ensuring that their devices stay powered throughout their journey.

Security and Anti-Theft Features:
Smart bags are equipped with advanced security features to protect against theft, loss, or unauthorized access. These features may include RFID-blocking pockets, TSA-approved locks, biometric fingerprint scanners, and tamper-resistant zippers, providing travelers with enhanced security and peace of mind while navigating busy airports, train stations, or urban environments.

Applications:

Travel and Luggage:
Smart bags are designed for use by frequent travelers, offering features such as GPS tracking, remote locking, and integrated scales to streamline the travel experience and minimize the risk of lost or misplaced luggage. These bags are suitable for air travel, train travel, road trips, and other modes of transportation.

Work and Commuting:
Smart bags cater to professionals and commuters seeking functional and tech-enabled solutions for carrying their work essentials, including laptops, tablets, documents, and personal belongings. These bags may include features such as laptop compartments, USB charging ports, and organizational pockets for efficient storage and access.

Outdoor and Adventure:
Smart bags are designed for outdoor enthusiasts, hikers, and adventurers who require durable, weather-resistant bags with integrated technology for outdoor activities. These bags may feature rugged construction, hydration pack compatibility, GPS tracking, and emergency communication capabilities for safety and convenience in remote environments.

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Polaris Market Research has segmented the smart bags market report based on material type, types, distribution channel, and region:

Smart Bags, Material Type Outlook (Revenue – USD Billion, 2019 – 2032)

  • Ballistic Nylon
  • Canvas
  • Leather
  • Polycarbonate
  • PVC
  • Tegris

Smart Bags, Types Outlook (Revenue – USD Billion, 2019 – 2032)

  • Duffle Smart Bags
  • Trolley Smart Bags
  • Backpacks

Smart Bags, Distribution Channel Outlook (Revenue – USD Billion, 2019 – 2032)

  • Supermarkets/Hypermarkets
  • Brand Outlets
  • Online Stores
  • Factory Outlets
  • Others

Smart Bags, Regional Outlook (Revenue – USD Million, 2019-2032)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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