Market Research Of Global Smart Luggage Market By Knowledge Sourcing Intelligence
INTRODUCTION The global smart luggage market was valued at US$0.745 billion in the year 2017 and is expected to grow at a CAGR of 21.62% to reach a total market size of US$1.983 billion by 2022. There has not been much advancement in the suitcase-type of the commodity. Continuous advancements in the Internet of Things (IoT) is expected to fuel the growth of this market, as more advanced and improved technologies are being embedded into the bags and suitcases which provide various benefits like easy tracking, remote control, and smart sensing, thereby making travel more convenient. Lack of awareness among people regarding smart luggage solutions will restrain the growth of the global smart luggage market. The producers just keep on modifying suitcases in terms of materials and designs. But in modern times where everything is becoming smart, the luggage has become smarter too. Market Research is done by the knowledge sourcing industry due to the huge scope with the respec