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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.
Global Smart Carry-on Bags Industry
New York, Dec. 30, 2020 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Global Smart Carry-on Bags Industry - https://www.reportlinker.com/p05960061/?utm source=GNW
1 Billion by 2027, growing at a CAGR of 13.5% over the analysis period 2020-2027.USB Charging, one of the segments analyzed in the report, is projected to grow at a 12.2% CAGR to reach US$788.3 Million by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Connectivity segment is readjusted to a revised 13.9% CAGR for the next 7-year period. This segment currently accounts for a 26.8% share of the global Smart Carry-on Bags market.