The smart clothing market was valued at $1,143.09 million in 2019 and is expected to reach $6,418.08 million in 2028. It is expected to grow at an annual average of 24% during 2022-2028. The growing demand for smart shirts, jackets and vests contributes to the business growth of smart clothing market players. Smart shirts are designed to provide biometric data such as heart rate, respiratory rate and muscle activity that are professionally used to optimize performance and exercise planning. The data is captured and sent to the companion app to provide insight into strength and recovery, calories burned, fatigue and sleep quality. The growing use of smart wearable fabrics in the medical, sports and fitness industries is a major trend supporting the growth of the smart clothing market. However, the high production costs of smart clothing products hinder the market growth. The increasing adoption of smart clothing in the fashion industry is creating business opportunities for the growth of smart clothing market players during the forecast period.
A full report of Smart Clothing Market is available at:https://orionmarketreports.com/smart-clothing-market/23745/
Company Profile
- AiQ Smart Clothing Inc.
- Carre Technologies Inc. (Hexoskin)
- CUTECIRCUIT
- Google LLC
- Jabil Inc.
- Myontec Ltd
- Sensoria Inc.
- Siren Care, Inc.
Market Segmentation
By Textile Type:
- Active Smart
- Passive Smart
- Ultra-Smart
By Product Type
- Upper Wear
- Lower Wear
- Innerwear
By End-User Industry:
- Military & Defense
- Sports & Fitness
- Fashion & Entertainment
- Healthacre
- Mining
Scope of the Report
The research study analyzes the Smart Clothing industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Smart Clothing Market Report
1. What was the Smart Clothing Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Smart Clothing Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Smart Clothing Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Smart Clothing market.
- The market share of the Smart Clothing market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Smart Clothing market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Smart Clothing market.
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