Smart Clothing Market Research Report

 


Smart Clothing Market:

The GMI Research's latest analysis reveals that the Car Rental Market is slated to register a significant CAGR over the forecast period. This is attributed to the rise in electronic devices in day-to-day life, the high demand from professional athletes, and the growing requirement for global telemonitoring and telemedicine in healthcare.

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Smart Clothing Market’s leading Manufacturers:

·         AiQ Smart Clothing

·         Athos

·         CarrĂ© Technologies inc.,

·         Sensoria

·         Myzone

·         MAD Apparel Inc.,

·         CUTECIRCUIT

·         OMsignal Inc.,

·         Applycon, s.r.o.,

·         DuPont

Smart Clothing Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)

Key Drivers

The global smart clothing market is predicted to witness an upsurge in demand during the forecast period due to the high demand from professional athletes, which will further raise the adoption of smart clothing. Data analysis tools, such as machine learning, pattern recognition, and statistical procedures make a significant influence on the company's performance, which focuses on efficiently scheduling the workout and training, avoid injury during heavy load sessions, etc. Smart clothing emphasis providing attractive features that attract the professional sportsperson. For instance, DuPont introduced Intexar smart clothing technology in 2018, which allows correction of the work, and regular monitoring, which has encouraged the consumers to purchase the smart clothes. According to the smart clothing market analysis, the growth in electronic devices in day-to-day life will bolster the growth of the global smart clothing market size. Smart clothing is considered as one of the biggest markets for IoT, thus uplifting the growth of the smart clothing market share in terms of revenue.

The growing requirement for global telemonitoring and telemedicine in healthcare is another factor that will positively influence the market's demand. For example, as per the WHO, mobile health will be adopted by 90% of the population by 2030. The smart clothes monitor the wearers' heart rate, body temperature, and breathing. This adoption will be cost-effective for the patients and decrease the number of hospital visits, thereby leading to more active lifestyles. This trend in the healthcare industry of telemedicine and remote monitoring of the patient will further opening new doors for the growth of the market over the coming years. On the other hand, the factor hindering the growth of the market include high production costs of smart clothes.

End-User Segment Drivers

Based on the end-user, sports & fitness is projected to lead the market in the upcoming years. DuPont introduced a smart garment for football club Barcelona, utilized Intexar technology for ECG and respiratory rate measurements, thus augmenting the growth of the market. Smart clothing is all set to supercharge the sports & fitness sector; for example, as per the "European Sport Development and Leisure Studies," Europe's sports and fitness industry is estimated to experience a drastic increase by 33% from 2015-2023. Smart clothes are considered as a personal coach for athletes and is expected to change the sports & fitness sector over the coming years.

Smart Clothing Market Segmentation:

Segmentation by Type:

·         Passive

·         Active

·         Ultra-Smart

Segmentation by Product:

·         Apparel

·         Footwear

·         Wearable Patches

·         Others

Segmentation by End-User:

·         Healthcare

·         Sports and Fitness

·         Fashion and Lifestyle

·         Military

Segmentation by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is one of the leading market research and consulting company that offers consulting services, syndicated research reports, and customized market research reports. We help our client to make informed business decisions and provide market intelligence studies related to the various industries such as automotive, energy, healthcare, chemicals, technology, and other sectors. Our research teams include seasoned analysts and researchers have hands-on experience in every regions, including Asia-pacific, Europe, North America, and the Rest of the World. Our market research report provides in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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