Reports and Insights (R&I) has published a new report titled, “Smart Backpack Market: Opportunity Analysis and Future Assessment 2020-2028”
Global Smart Backpacks Market, By material type (Ballistic Nylon, Canvas, Leather, Polycarbonate, PVC, Tegris), By distribution channel (supermarkets/hypermarkets, brand outlets, factory outlets, online stores, and others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global smart backpacks market in 2020 is estimated for more than US$ xx Bn and expected to reach a value of US$ xx Bn by 2028 with a significant CAGR of xx%.
Smart backpack can be perceived as an application specific backpack accumulated with innovative technology in order to make the most of its utility in society. The smart backpack is designed adequately intelligent in order to pull off different varieties of attributes including built-in weighing scale, USB charging ports, anti-theft feature and a TSA-approved lock. Such highly attractive and useful features majorly helps in attracting the consumers, thereby accelerating its demand extensively in the global markets. Thus, the global smart backpack market is expected to rise substantially in the forthcoming years.
The swiftly rising demand of smart devices/gadgets, in the present day world, together with the growing advancements in technology is also playing a positive role in boosting the demand of smart backpacks all around the globe. Attributing to which, the global smart backpack market is anticipated to grow considerably in the years to come.
In addition to that, the forefront of smart backpacks are attached with solar panels which is just not used for charging power banks but it also serves its utility as a whole GPS and bluetooth system, which further shoots up its demand in the global markets, thereby estimated to positively fuel the growth of the global smart backpacks market in the given timeframe.
The growing trend of outdoor activities such as camping and hiking as well as outdoor sports and adventure, especially in the youth, is also escalating the demand of smart backpacks around the world. Moreover, several kinds of sensors, microcontrollers and ICs are also attached with the smart backpacks which further elevates its utility in several applications, thereby boosting its demand.
Furthermore, the alarming button feature in smart backpacks also assists the women consumers and thus, helps in the augmentation of the global smart backpacks market. Owing to which, the global smart backpacks market is projected to witness significant growth over the coming years.
R&I Study identifies some of the key participating players in the smart backpacks market globally are Xiaomi Bags, AWAY, barracuda, Fugu Luggage and Trunkster along with Delsey, Modobag, Planet Travelers, Traxpack., among others.
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