Rising trend of smart wearable fabrics in healthcare, and sports and fitness industries to support smart clothing market growth
According to our latest market study on “GlobalSmart Clothing Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Type (Active, Passive, and Ultra-Smart), Orientation Type (Apparel, Footwear, Wearable Patches, and Others), Connectivity (Wi-Fi, Bluetooth, GPS, and RFID), End-User (Healthcare, Fashion and Lifestyle, Sport and Fitness, Military, and Others), and Geography, the market was valued US$ 1,143.09 million in 2019 and is expected to reach US$ 6,418.08 million by 2027; it is estimated to grow at a CAGR of 24.4% during 2020-2027.The report highlightskey factors driving the market growth, and prominent players and their developments in the market.
Smart clothes are designed and manufactured with the integration of smart technologies to offer different functionalities to them. The growing use of smart clothing and increasing investments in the same across the healthcare, military, sports, and defense industries can influence market growth over the coming years. Rising number of sport injuries, coupled with increased investments in the military and defense industries, would boost demand these products. High preference for body activity monitoring via sensors can further stimulate the market growth. Growing consumer awareness about fitness is likely to fuel market growth. Further, shifting athletes' preference toward smart clothing to prevent possible injuries and boost their performance may spur market growth during the forecast period.
Fast turnaround time, low operating cost, and easily accessible service points increase the adoption of smart textiles. Further, demand for smart clothing is expanding at an impressive pace due to the mounting demand for mining and oil &gas exploration activities. The smart clothing market, by type, is segmented into passive, active, and ultra-smart. Smart clothing enables better communication with other devices, analyze and sense the stimuli, and protect the wearer from environmental hazards.
COVID-19 Impact on Smart Clothing Market
The impact of COVID-19 varies in different countries across the world due to the varying number of confirmed cases in these countries; countries with greater number of active cases and deaths have subsequently imposed stringent as well as longer lockdown periods or social isolation. In countries such as Italy and Spain, there has been a dip in the demand for smart clothing or other services owing to notable number of COVID-19 cases. The spread of pandemic is expected to have a short-term impact on the smart clothing market. However, the smart clothing market is likely to exhibit positive growth in post-pandemic period.
The report segments the global smart clothing market as follows:
Smart Clothing Market - by Type
Smart Clothing Market - by Product
Smart Clothing Market- by Geography
Reasons to Buy:
According to our latest market study on “GlobalSmart Clothing Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Type (Active, Passive, and Ultra-Smart), Orientation Type (Apparel, Footwear, Wearable Patches, and Others), Connectivity (Wi-Fi, Bluetooth, GPS, and RFID), End-User (Healthcare, Fashion and Lifestyle, Sport and Fitness, Military, and Others), and Geography, the market was valued US$ 1,143.09 million in 2019 and is expected to reach US$ 6,418.08 million by 2027; it is estimated to grow at a CAGR of 24.4% during 2020-2027.The report highlightskey factors driving the market growth, and prominent players and their developments in the market.
Smart clothes are designed and manufactured with the integration of smart technologies to offer different functionalities to them. The growing use of smart clothing and increasing investments in the same across the healthcare, military, sports, and defense industries can influence market growth over the coming years. Rising number of sport injuries, coupled with increased investments in the military and defense industries, would boost demand these products. High preference for body activity monitoring via sensors can further stimulate the market growth. Growing consumer awareness about fitness is likely to fuel market growth. Further, shifting athletes' preference toward smart clothing to prevent possible injuries and boost their performance may spur market growth during the forecast period.
Fast turnaround time, low operating cost, and easily accessible service points increase the adoption of smart textiles. Further, demand for smart clothing is expanding at an impressive pace due to the mounting demand for mining and oil &gas exploration activities. The smart clothing market, by type, is segmented into passive, active, and ultra-smart. Smart clothing enables better communication with other devices, analyze and sense the stimuli, and protect the wearer from environmental hazards.
COVID-19 Impact on Smart Clothing Market
The impact of COVID-19 varies in different countries across the world due to the varying number of confirmed cases in these countries; countries with greater number of active cases and deaths have subsequently imposed stringent as well as longer lockdown periods or social isolation. In countries such as Italy and Spain, there has been a dip in the demand for smart clothing or other services owing to notable number of COVID-19 cases. The spread of pandemic is expected to have a short-term impact on the smart clothing market. However, the smart clothing market is likely to exhibit positive growth in post-pandemic period.
The report segments the global smart clothing market as follows:
Smart Clothing Market - by Type
- Passive
- Active
- Ultra-Smart
Smart Clothing Market - by Product
- Apparel
- Footwear
- Wearable Patches
- Others
- Wi-Fi
- Bluetooth
- GPS
- RFID
- Healthcare
- Sport and Fitness
- Fashion and Lifestyle
- Military
Smart Clothing Market- by Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- Japan
- South Korea
- Rest of APAC
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global smart clothing market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global smart clothing market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. Smart Clothing Market Landscape
5. Smart Clothing Market - Key Market Dynamics
6. Smart Clothing Market - Global Analysis
7. Smart Clothing Market - By Type
8. Smart Clothing Market Analysis - By Product
9. Smart Clothing Market Analysis - By Connectivity
10. Smart Clothing Market Analysis - By End User
11. Smart Clothing Market - Geographic Analysis
12. Impact of COVID-19 Pandemic on Global Smart Clothing Market
13. Smart Clothing Market - Industry Landscape
14. Company Profiles
15. Appendix
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AiQ Smart Clothing Inc.
- Carre Technologies Inc(Hexoskin)
- CUTECIRCUIT
- Myontec Ltd
- Sensoria Inc.
- Under Armour, Inc.
- WEARABLE X
- Jabil Inc.
- Siren Care, Inc.
- Google LLC