The smart clothing industry is predicted to develop at a 26.2% CAGR from 2022 to 2032, growing from US$ 1.6 billion in 2022 to a worth of US$ 5.3 billion by 2032.
This Smart Clothing market study provides a thorough examination of the business models, major strategies, and market shares of some of the most notable players in this field. The comprehensive analysis includes market statistics in terms of revenue, segment-wise data, region-wise data, and country-wise data, as well as an in-depth commentary on the key affecting variables. This study is one of the most comprehensive documentations that captures all aspects of the evolving Smart Clothing market.
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Smart Clothing Market: Market definition
The term “Wearable Electronics” is currently one of the most prominent concepts in consumer data research. When most people think of wearable technology, they see smart watches, smart fitness monitors, and heart rate monitors that are typically worn on the wrist. However, the wearable market extends far beyond basic gadgets and into a number of developing markets across a variety of industries. “Smart Clothing” is one such growing market. Monitor clothing, smart garments, smart wear, electronic textiles, high tech clothing smart textiles, e-textiles, or smart fabrics are other terms for smart clothing.
Smart clothing is the next generation of clothing with value-added features like blood pressure monitors, glucose monitors, ECG monitors, and so on. Smart garments are made of modern textiles and fabrics that include sensors and additional technology to provide smart functionality. These sensors and hardware are linked to a software or app via Bluetooth or Wi-Fi. The healthcare industry is being transformed by smart clothes. The widespread use of smart clothing garments to monitor health and reduce reliance on expensive treatment equipment.
Smart Clothing Market: Drivers & Challenges
As smart clothing garments are in direct contact with about 90% of skin surface, smart sensors placed in the smart clothing provides home-based and ambulatory health monitoring patents. With the rise in various chronic diseases such as diabetes, heart disease, cancer and respiratory disorders is propelling the growth of smart clothing market.
However, the lack of willingness of healthcare companies to invest in research of smart clothing, low awareness of smart garments, and high cost of smart garments are some of the factors that hindering the growth of smart clothing market.
Smart Clothing Market: Regional Outlook
Among all the regional markets, the market in North America is estimated to record a significant growth due to presence of intelligent garments providers. Whereas, Asia Pacific smart clothing markets are expected to record the strong adoption rates during the forecast period.
Smart Clothing Market: Competition Landscape
Key Players
Hexoskin; Under Armour; Microsoft; Google and others.
The Smart Clothing Market report covers exhaustive analysis on:
- Smart Clothing Market Segments
- Historical Actual Market Size, 2014 – 2018
- Smart Clothing Market Size & Forecast, 2019 to 2029
- Supply & Demand Value Chain
- Smart Clothing Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
- Smart Clothing Market Drivers and Restraints
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
- Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Eastern Europe, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia (India, Indonesia, Malaysia, Thailand, Rest of South Asia)
- Oceania (Australia, New Zealand)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)
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Key Segments Profiled in Smart Clothing Market
By Products:
- Shirts
- Pants
- Shoes
- others
By Types:
- Active smart textiles
- Passive smart textiles
- Advanced smart textiles
By End-Users:
- Healthcare
- Defence
- Sports
- Others
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
