Smart Clothing Market
The global smart clothing market is expected to grow in the forecast period of 2021-2026 at a CAGR of 25 to reach USD 815 billion by 2026. Overview The global smart clothing market is likely to witness a stellar growth in the coming few years thanks to surge in sports and adventures activates across globe.
The overall smart clothing market is likely to grow from USD 16 billion in 2019 to USD 53 billion by 2024.
Smart clothing market. Smart Clothing Market By Product Socks T-shirts Jackets Pants Undergarments and Shoes and Application Entertainment Sports Fitness Healthcare Industrial and Military Defense - Global Industry Analysis And Forecast To 2025The smart clothing otherwise referred to as smart textiles smart fabrics smart garments or electronic textiles are the fabrics that empower the digital. The Smart Clothing Market is expected to be around US 135 Billion by 2025 at a CAGR of 50 in the given forecast period. Smart Clothing Market size surpassed USD 150 million and is poised to register over 48 growth between 2017 and 2024.
North America is a significant center for technical development and innovation. Sports and Defense Sectors Leading the Growth of Smart Clothing Industry Globally. The Smart Clothing Market report providing comprehensive syndicated market research reports with in-depth analysis of global trending markets and global sectors.
Growing application in the medical military industry is expected to drive the growth of smart clothing market size. The global Smart Clothing market size is projected to reach USD 56222 Million by 2026 from USD 18522 Million in 2019 at a CAGR of 190 during 2021-2026. Growing awareness about fitness increasing trials to prevent injuries during sports activities and increasing investments.
Although the wearables market is now a 28 billion per year industry1 smart clothing represents only a fraction of that market. Growing use of smart clothing across various industrial verticals such as sports fitness healthcare military defense etc. Thus smart clothing is a 2-sided marketplace where consumers who accumulate and process data are in focus.
Transnational companies are willing to spend on big data to ensure cost reduction in garments provided the supply and demand get closer to equilibrium. Smart clothing refers to textiles that are integrated with electronic components such as sensors receivers and transmitters. Gradual rise in the number of sports injuries coupled.
Market value of the inclusive clothing market in the United States from 2017 to 2022 Global unit shipments of smart wristbands 2016-2019 2022 Smartwatch shipments worldwide market share by vendor. It is expected to grow at a CAGR of 262 from 2019 to 2024. Smart clothing market by application.
Smart Clothing Market Size And Forecast. The major players covered in the smart clothing market report are Adidas AiQ Smart Clothing Athos Catapult Sports Cityzen Sciences dorsaVi Ltd Electricfoxy Heddoko Inc Levi Strauss Co Lumo Bodytech Mondevices Myontec OMSignal Inc Owlet Baby Care Polar Ralph Lauren Rest Devices Inc Sensoria Inc Textronics Under Armour Inc Zackees Wearable Electronics Zephyr and Zoll Medical Corporation among other domestic and global players. Smart clothing represents the next generation of clothes with value-added functionality like tracking individuals biometrics response to environmental changes and more.
The major driving factors of Smart Clothing Market are as follows. Smart clothing market is a two-sided marketplace wherein consumers who process and accumulate data are in focus. Consequently transnational companies are ready to pay for big data ensuring price reduction for garments until the demand and supply come closer to equilibrium.
Smart clothing is advanced fusion of technology and fashion an innovation that turned fantasy into reality. Increasing demand for monitoring bodily activities through sensors. Is driving the market globally.
Feb 05 2021 Heraldkeepers -- Smart Clothing market research report provides the newest industry data and industry future trends allowing you to identify. The rise in smart. Based on region North America held the largest smart clothing market share of 44 in 2019.
Smart Clothing Market was valued at USD 152 Billion in 2019 and is projected to reach USD 918 Billion by 2027 growing at a CAGR of 252 from 2020 to 2027. Major factors driving the growth of smart clothing market size are. The Global Smart Clothing Market report provides a holistic evaluation of the market for the forecast period.
The Smart Clothing Market analysis report expresses about the growth rate of global market up to 2025 by revenue chain structure manufacturing process and market entry strategies. The market is driven by rising demand for monitoring bodily activities through sensors and increasing the adoption of smart clothes for various end-user industries. Unlike personal wearable devices who offer data insights to the device owner the power of smart clothing can be best realized when.
Smart clothing is seen as a way to revolutionize healthcare and it is hoped.
