Smart Clothing Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Product Type (T-Shirt, Pants, Shoes, Others), By Application (Sports & Fitness, Healthcare, Military & Defence), And By Geography - Forecasts From 2019 To 2024

Published:  May 2020 Report Code: KSI061612945 Pages: 100

The smart clothing market is projected to grow at a CAGR of 32.18% during the forecast period, reaching a total market size of US$840.151 million in 2024 from US$157.501 million in 2018. Smart clothes, also referred to as smart textiles and e-textiles, are clothing items that use technology to add features and functions beyond that of traditional use. Technologists are using a combination of sensors, machine learning, and big data analysis to provide consumers more data about their bodies and lives than ever before. The growth of the market has been substantiated due to the rising demand for the product by professional athletes and sports teams for preventing injuries and rapid urbanization. Smart clothing is growing in the sport and health sector and is being increasingly implemented in everyday objects due to growing awareness for fitness coupled with the demand for monitoring body activities. It represents the next generation of clothes with value-added functionality like tracking an individual’s biometrics, response to environmental changes, and more. These clothes unlike other smart wearables (smartwatches) do not require charging. Thus, companies are shifting their focus towards developing smart clothes instead of focusing only on smartwatches and smart bands. Similarly, the increasing investment in military & defense helps in providing wound detection, protection against injuries, and health and stress monitoring. However, high cost, lack of awareness among various segments of the population, and the threat to data privacy are the various challenges faced by the market which is hindering the growth.

The Smart Clothing Market – Forecasts from 2019 to 2024 is an exhaustive study of this niche technology market which aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key markets, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by product type, application, and geography.

The smart clothing market has been segmented based on product type, application, and geography. Based on product type the market has been segmented into t-shirts, pants, shoes, and others. By application, the market has been classified into sports & fitness, healthcare, and military & defense.

Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.

Major players in the smart clothing market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the smart clothing market.

Smart Clothing Market Scope:

Report Metric Details
 Market size value in 2018  US$157.501 million
 Market size value in 2024  US$840.151 million
 Growth Rate  CAGR of 32.18% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Million
 Segments covered  Product Type, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Mad Apparel Inc., Carre technologies (Hexoskin) Inc., Sensoria, AiQ Smart Clothing,   Interactive Wear AC, Seismic Apparels, Wearable Technologies Ltd., Under Armour   Inc.
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By Product Type
    • T-Shirt
    • Pants
    • Shoes
    • Others
  • By Application
    • Sports & Fitness
    • Healthcare
    • Military & Defence
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Others
    • Middle East and Africa
      • Israel
      • South Africa
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the smart clothing market size by 2024?
A1. The smart clothing market is anticipated to reach a total market size of US$840.151 million in 2024.

Q2. What are the growth prospects for smart clothing market?
A2. The global smart clothing market is anticipated to grow at a CAGR of 32.18% during the forecast period.

Q3. What is the size of global smart clothing market?
A3. Smart Clothing market was valued at US$157.501 million in 2018.

Q4. What factors are anticipated to drive the smart clothing market growth?
A4. The growth of the market has been substantiated due to the rising demand for the product by professional athletes and sports teams for preventing injuries and rapid urbanization.

Q5. How is the global smart clothing market segmented?
A5. The smart clothing market has been segmented based on product type, application, and geography. 

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
 
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
 
3. EXECUTIVE SUMMARY
 
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
 
5. SMART CLOTHING MARKET BY PRODUCT TYPE 
5.1. T-shirt
5.2. Pants
5.3. Shoes
5.4. Others
 
6. SMART CLOTHING MARKET BY APPLICATION
6.1. Sports & fitness
6.2. Healthcare
6.3. Military & defence
 
7. SMART CLOTHING MARKET BY GEOGRAPHY
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. United kingdom
7.3.4. Spain
7.3.5. Others
7.4. Middle East and Africa
7.4.1. Israel
7.4.2. Saudi Arabia
7.4.3. Others
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. South Korea
7.5.4. India
7.5.5. Others
 
8. Competitive intelligence
8.1. Market Positioning Matrix and Ranking
8.2. Strategies of Key Players
8.3. Recent Investments and Deals 
 
9. COMPANYPROFILES
9.1. Mad Apparel Inc.
9.2. Sensoria
9.3. AiQ Smart Clothing
9.4. Carre Technologies (hexoskin) Inc. 
9.5. Interactive Wear AC
9.6. Seismic Apparels
9.7. Wearable Technologies Ltd.
9.8. Under Armour Inc.

Mad Apparel Inc.

Carre technologies (Hexoskin) Inc.

Sensoria

AiQ Smart Clothing

Interactive Wear AC

Seismic Apparels

Wearable Technologies Ltd.

Under Armour Inc.

Pricing

Explore Custom Options available with this study:

  •  Request customization
  •  Buy sections of the study
  •  Buy country specific report
  •  Request excel, Historical data
  •  Subscription inquiry
  •  Request special pricing

Our Value Proposition

Analyst Support

All our studies come with 2 months of analyst support.


Confidentiality

We are in compliance with the global privacy laws.

Connect With Us