Global Smart Clothing Market, By Treatment Type (Passive, Active, Ultra-Smart), Product (Apparel, Footwear, Wearable Patches, Others), Connectivity (Wi-Fi, Bluetooth, GPS, RFID), End Users (Healthcare, Fitness and Sports, Fashion and Entertainment, Military and Defense, Mining, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2027
Smart clothing market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to grow at a CAGR of 19.40% in the above-mentioned forecast period.
The increasing demand for monitoring bodily activities through sensors has been driving the market and is acting as a potential driver for the smart clothing market over the forecast period of 2020 to 2027. The increasing health awareness is also contributing towards the growth of the target market. The rapidly rising requirement for clothes outfitted with sensors to monitor heart rate, blood pressure and muscle engagement, rapid increase of workplace injuries, increasing cases of injury during sports activities associated with increasing investments in military and defense sector are also increasing the smart clothing market size. Moreover, the rising awareness amongst consumers regarding fitness is actively driving the growth of the target market. In addition, the rising awareness regarding the need for sports and fitness as well as the shifting inclination of athletes towards smart clothing to prevent possible injuries will flourish various growth opportunities for the smart clothing market in the above mentioned forecast period.
However, the lack high cost coupled with the products and data privacy concerns will obstruct the growth of the smart clothing market in the forecast period of 2020 to 2027. The technical complications and lack of consumers awareness will pose as challenges towards the growth of the market in the above mentioned forecast period.
This smart clothing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on smart clothing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Smart Clothing Market Scope and Market Size
Smart clothing market is segmented on the basis of type, product, connectivity and end users. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, smart clothing market is segmented into passive, active and ultra-smart.
- On the basis of product, the smart clothing market is segmented into apparel, footwear, wearable patches and others.
- The connectivity segment is segmented into Wi-Fi, Bluetooth, GPS and RFID.
- Based on end users, the smart clothing market is divided into healthcare, fitness and sports, fashion and entertainment, military and defense, mining and others.
Global Smart Clothing Market Country Level Analysis
Smart clothing market is analyzed and market size insights and trends are provided by country, type, product, connectivity and end users as referenced above.
The countries covered in the smart clothing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the smart clothing market owing to the increasing demand for fitness and health tracking wearable clothes in this particular region. Europe is expected to grow over the forecast period of 2020 to 2027 owing to the high adoption of smart clothes amongst fitness and sport fans in the region.
The country section of the smart clothing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Smart clothing market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for smart clothing market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the smart clothing market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Smart Clothing Market Share Analysis
Smart clothing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to smart clothing market.
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. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Smart Clothing Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.