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The Global Smart Luggage Market is anticipated to grow at a CAGR of over 8% during the forecast period, due to the increase in travelling for leisure or business and technological innovations in the baggage segment.
Moreover, increasing proliferation of internet of things and additional features, such as Bluetooth charging, GPS and electronic locks, are further propelling the growth of the market. In terms of connectivity, RFID is likely to grow at the highest CAGR during the forecast period on account of existing infrastructure for the scanning of RFID tags at the airports.