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Smart Clothing Market Research Report 2020 - 2024 by Players, Regions & Trends Forecast

Author : Ronak Bora | Published Date : 2020-08-27 

Smart clothing market has been forecast to face certain challenges at its initial stages, notwithstanding the predictions made about it being one of most lucrative businesses in recent times. Some of these constraints lurk along the lines of high product prices, unreliability, and personal security threats. Moreover, on the technical front, the present-day challenges of smart clothing industry such as limited battery life, wireless technology, huge capital investment, wash ability, and complexity of data analysis remain consistent.

Data security and processing speed play a crucial role in healthcare, military & defense, and sports, on the grounds of which they can be classified as the prominent application arenas encompassed by smart clothing industry. The on-going research and advancements in sensor technology, the Internet of Things, and big data analysis, will prove to be reliable sources that can help smart clothing technology go mainstream. Industry experts foresee smart clothing market to move in a positive direction, as this technology holds immense growth potential across myriad application sectors.

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Companies are expected to pour in huge investments to develop this technology and expand its application spectrum. Moreover, with more and more players planning to harness the power of smart technology in the clothing industry, it is quite obvious for the wearables sector to witness a slew of product innovations. For instance, Google has been working with Levis on smart jackets that would allow the users to interact with their devices and control applications like music player, camera, and navigation. As technology evolves, it is expected that the global smart clothing market will facilitate colossal growth opportunities in healthcare, sports & fitness, military, and industrial applications.

Smart Clothing Market size is set to exceed USD 4 billion by 2024, and shipments are forecast to grow at over 50% CAGR. Growing adoption of smart products by professional athletes to optimize the performance level and prevent potential injuries is anticipated to drive the market across the globe. Due to the increasing contract costs of athletes, the sports associations are heavily spending on these products to eliminate the possibility of any injuries. The surge in demand for remote monitoring of patients followed by hospital staff injuries also provides significant growth opportunities to the smart clothing market.

Rising awareness associated with fitness coupled with the demand for monitoring body activities such as blood pressure & heart rate is expected to catapult the smart clothing market demand. The launch of products with advanced specifications such as tracking muscle activity offer lucrative opportunities. Moreover, other features include reduction & prevention of sports injuries resulting from improper warm up and exertion. Increasing adoption for sensor enabled products eliminates the use of smart wearables for specific functionality. Rapid urbanization coupled with the growing consumer participation in health & fitness clubs is anticipated to positively impact the market over the forecast timeline.

The U.S. smart clothing market is anticipated to grow substantially due to the increased spending by various sports clubs to enhance the efficiency level of the players followed by injury detection. Increasing military & defense investments for the development of uniforms provides lucrative opportunities to the industry.

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Players operating in the industry include Hexoskin, Heddoko Inc., Ralph Lauren, Athos, Sensoria Inc. and Catapult Sports Pty Ltd, etc. The industry is currently witnessing collaborations between the players and sports associations. Competition is expected to intensify on account of the increasing entry of new entrants in the smart clothing market.

Table of Contents (ToC) of the report:

Chapter 4    Smart Clothing Market, By Product

4.1    Smart clothing market share by product, 2016 & 2024

4.2    T-shirt

4.2.1    Market estimates and forecast, by region, 2013 – 2024 (USD Million)

4.2.2    Market estimates and forecast, by region, 2013 – 2024 (Thousand Units)

4.3    Pants

4.3.1    Market estimates and forecast, by region, 2013 – 2024 (USD Million)

4.3.2    Market estimates and forecast, by region, 2013 – 2024 (Thousand Units)

4.4    Shoes

4.4.1    Market estimates and forecast, by region, 2013 – 2024 (USD Million)

4.4.2    Market estimates and forecast, by region, 2013 – 2024 (Thousand Units)

4.5    Undergarments

4.5.1    Market estimates and forecast, by region, 2013 – 2024 (USD Million)

4.5.2    Market estimates and forecast, by region, 2013 – 2024 (Thousand Units)

4.6    Jackets

4.6.1    Market estimates and forecast, by region, 2013 – 2024 (USD Million)

4.6.2    Market estimates and forecast, by region, 2013 – 2024 (Thousand Units)

4.7    Socks

4.7.1    Market estimates and forecast, by region, 2013 – 2024 (USD Million)

4.7.2    Market estimates and forecast, by region, 2013 – 2024 (Thousand Units)

Chapter 5    Smart Clothing Market, By Application

5.1    Smart clothing market share by application, 2016 & 2024

5.2    Sports & Fitness

5.2.1    Market estimates and forecast, by region, 2013 – 2024 (USD Million)

5.2.2    Market estimates and forecast, by region, 2013 – 2024 (Thousand Units)

5.3    Healthcare

5.3.1    Market estimates and forecast, by region, 2013 – 2024 (USD Million)

5.3.2    Market estimates and forecast, by region, 2013 – 2024 (Thousand Units)

5.4    Military & Defence

5.4.1    Market estimates and forecast, by region, 2013 – 2024 (USD Million)

5.4.2    Market estimates and forecast, by region, 2013 – 2024 (Thousand Units)

5.5    Industrial

5.5.1    Market estimates and forecast, by region, 2013 – 2024 (USD Million)

5.5.2    Market estimates and forecast, by region, 2013 – 2024 (Thousand Units)

5.6    Entertainment

5.6.1    Market estimates and forecast, by region, 2013 – 2024 (USD Million)

5.6.2    Market estimates and forecast, by region, 2013 – 2024 (Thousand Units)

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/smart-clothing-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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