Global Smart Clothing Market

Smart Clothing Market Size, Share, Growth Analysis, By Type (Active and Ultra smart), By Distribution (Offline and Online), By End User(Military & defense, and sports & fitness), By Product(Apparel and footwear), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45I2183 | Region: Global | Published Date: April, 2024
Pages: 197 |Tables: 110 |Figures: 78

Smart Clothing Market Insights

Global Smart Clothing Market size was valued at USD 3.20 billion in 2022 and is poised to grow from USD 4.08 billion in 2023 to USD 28.69 billion by 2031, growing at a CAGR of 27.60% during the forecast period (2024-2031).

Due to the increasing awareness of healthcare and fitness in today's life, the Smart Clothing Market is undergoing notable growth, particularly in the sports and healthcare sectors. It includes features such as biometric monitoring, activity tracking, and performance enhancement which enable individuals to monitor health metrics, enhance workout routines and promote overall well-being. As societies are focusing on a healthy lifestyle and on the same side preference for real time health monitoring is growing, they are further propelling the adoption of smart clothing.

Smart clothing or high-tech clothing, smart ware, electronic fabrics, or smart textiles are designed to monitor the health of the person wearing them by providing biometric information such as heart rate, temperature, muscle rigidity, and pulse rate. Development in wearable sensors and textile technology, and data analytics have driven connectivity technologies directly into work clothing. So now, our garments can monitor body movements, vital signs and other important biometric data in real time. Due to an increase in technological progression, smart clothing has increased its adoption across various applications as it is becoming more comfortable, sophisticated and user friendly.

In the sports and fitness industry, smart clothing presents significant potential. Athletes and fitness enthusiasts can gain from the instantaneous monitoring of biometric data including oxygen saturation, heart rate, muscle activity and movement patterns. This data is valuable for refining training regimes, military injury risk, and elevating overall performance. Additionally, smart clothing can offer feedback on posture, technique and form, empowering users to make necessary adjustments and enhance their exercise routines. Integrating smart clothing with wearable devices and mobile apps contributes to the development of comprehensive fitness ecosystem, delivering personalized insights and guidance for individuals seeking to optimize their health goals.

Market Snapshot - 2024-2031

Global Market Size

USD 3.20 billion

Largest Segment

Active

Fastest Growth

Active

Growth Rate

27.60% CAGR

Global Smart Clothing Market ($ Bn)
Country Share for North America Region (%)

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Smart Clothing Market Segmental Analysis

The smart clothing market is segmented by type, distribution channel, end-user, product and region. By type, the market is segmented into active and ultra-smart. By distribution channel, the market is segmented into offline and online segments. By end user, the market can be segmented into military & defense, and sports & fitness. By product, the market is segmented into apparel and footwear. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Analysis By Type

The Active Smart Segment holds the largest market segment within the smart clothing market. The Active Smart Segment, comprising over 42.2% of the market share in 2023, is notable for its ability to sense and respond to stimuli. This feature provides benefits in various applications across different industries.

For instance, the use of phase-change materials enables efficient heat storage and transfer, making this textile type ideal for specialized outfits in sports, firefighting and defense. The integration of such textiles enhances the comfort of textile products by enabling them to react to environmental conditions. Consequently, the market for active smart textiles has shown significant growth, fueled by the demand for innovative solutions that bring adaptability and functionality to textiles across diverse sectors.

The fastest growing segment is the Ultra Smart segment, which is expected to experience substantial growth from 2023 to 2031. These ultra smart textiles, considered as a third generation of smart textiles stand out for their remarkable ability to sense, expand and adjust to environmental conditions. Functioning like a cognitive and reasoning brain, these garments incorporate units with activation capabilities. For instance, when the wearer reaches a specific heart rate level, the garment emits beeps, or audible warning indicators along with vibrations. This dynamic responsiveness highlights the advanced capabilities of ultra small textiles, as they are designed to adjust their functions based on specific needs. The smoothness in monitoring, real time reaction to data, and adaptive functionality underscores the innovative nature of ultra smart textiles, making a significant leap in integrating intelligence and practicality into wearable technology.

For instance, 3D printing has unleashed potential for customization and rapid prototyping, thereby curbing waste and promoting sustainability. Additionally, the advent of digital clothing, powered by AI and propelled by social media, has introduced an entirely new facet to the fashion experience. This has allowed consumers to showcase their personal style within virtual realms, with platforms providing digital garments and facilitating virtual marketplaces.

Analysis By Distribution

The offline segment held the largest revenue share of over 64% in 2023. Traditional retail channels, including brick-and-mortar stores and physical outlets play a major role in consumer purchasing behavior. Many consumers still prefer the in-person shopping experience, so that they can physically interact with and try on smart clothing items before committing to a purchase. Furthermore, offline distribution channels also offer a more immediate and accessible way for consumers to explore and buy products, a critical factor in the smart clothing market, where consumers may question about the technology, features and compatibility of these creative products.

The online segment is the fastest growing segment and is anticipated to witness significant growth in the upcoming years. The rise of ecommerce platforms and the increasing trend of online shopping have significantly contributed to the dominance of this segment. The abundance of choices on online platforms along with the user reviews and ratings, enhances the decision-making process for consumers interested in smart clothing. Furthermore, online channels often provide competitive pricing, discounts, and promotions, attracting a large and diverse customer base.

According to Fibre2Fashion, smaller retail technology companies like Edited and Intelligence Node deliver real-time data and tools for tracking trends. Live streaming has become mainstream on platforms such as Instagram, Facebook, and Twitter, bolstered by 5G technology, allowing customers to virtually try on designs before purchasing. Fashion houses like Tommy Hilfiger and Gucci have developed digital showrooms, and online eyewear retailers such as Firmoo enable customers to visualize frames on their faces before buying.

Additionally, firms like Heuritech and collaborations between Google and institutions like the Fashion Institute of Technology (FIT) employ these advanced techniques for real-time trend analysis.

Furthermore, some of the primary focus areas for mHealth apps are remote monitoring and consultation. Apps that track patients with conditions like diabetes or asthma will have the most rapid growth. This is what sets them apart from fitness applications and the reason why Healthcare development companies are in demand to develop apps to increase the usage of wearable devices in mHealth apps.

Analysis By End User

The military and defense segment dominates with the largest revenue share exceeding 27% in 2023. The adoption of smart clothing in military applications is contributing to the development of advanced combat gear, including intelligent uniforms, helmets and protective wear. These technologies provide features such as real-time monitoring of vital signs, GPS tracking, and communication capabilities, significantly improving the effectiveness and safety of military operations. Moreover, substantial investment in research and development with the defense sector is driving the integration of cutting-edge technologies into smart clothing, making it an essential component of modern military equipment.

The sports and fitness segment are the fastest growing segment and is poised for significant growth from 2023 to 2030. Sensors have already found application in sportswear and undergarments, including sport bras with heart rate monitoring capabilities and heated underwear. The sports and fitness industries are witnessing a growth in demand for smart inner wear, driven by widespread adoption of sport bras, equipment, and sensors capable of recording metrics such as running distance, breathing rate, and heart rate. The integration of sensor technology into inner wear meets the evolving needs of athletes and fitness enthusiasts and positions this market segment for considerable expansion over the forecast.

For instance, the Sports and Fitness Clothing market in the U.S. is estimated at US$ 63.6 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$ 66.1 Billion by the year 2030 trailing a CAGR of 8.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 4.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.

Analysis By Product

The apparel segment is dominating the market, contributing a revenue of over 56%. The increasing preferences for smart shirts, jackets, and vests is creating favorable prospects for this segment. Smart apparel provides essential biometric data, including heart rate and breathing rate, enabling professional optimization of performance and workout plans. This real-time data is perfectly transmitted to partner apps, providing valuable insight into various sports-related metrics such as calories burned, intensity and recovery, fatigue levels and sleep quality. The anticipated adoption of upper wear across various end user applications is expected to create significant opportunities for smart clothing providers throughout the forecast period.

For instance, IoT-based garments such as accessory wearables, patchable wearables, and textile wearables are low-power gadgets that track an athlete’s body thoroughly and provide significant data, analyzing athletes’ movements, performance, and health parameters.

The footwear segment is the fastest-growing segment and is estimated to grow significantly from 2023 to 2031. The integration of technology into footwear has transformed traditional shoes into intelligent capturing devices. Smart footwear includes sensors and connectivity features that monitor various aspects such as step count, giant analysis and even offer features like GPS tracking. The increasing popularity of smart footwear is driven by the growing awareness of health and fitness, as these shoes provide users with valuable insights into their physical activities and help optimize workout routines. The incorporation of smart technologies in footwear enhances overall user experience, making them not only functional but also fashionable.

Global Smart Clothing Market By Type, 2022 (%)

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Smart Clothing Market Regional Insights

North America dominated with the largest revenue share of over 39.6% in 2023. The dominance is attributed to the region's advancement in smart clothing technologies and presence of key players like Sensoria. The notable growth is further driven by the increasing demand for smart clothing, especially from the military sector. The military is adopting and adapting smart textile technologies to create battle-ready uniforms, providing a distinct advantage in the field. These uniforms are equipped with in-built sensors that monitor crucial metrics such as muscle data, temperature, heart rate and respiration rates and even can identify wounds to assess a soldier's health.

For instance, in September 2023, the US government unveiled a USD 22 million investment initiative named SMART ePANTS, dedicated to advancing smart surveillance clothing technology. The program aims to develop variable garments capable of recording audio and video, tracking geolocation, and monitoring physiological data. These high-tech garments are intended for intelligence agencies and military personnel in high-risk environments enhancing situational awareness and data collection capabilities.

Asia Pacific is expected to register the fastest CAGR from 2023 to 2030. Many leading technology and textile manufacturing companies in countries like China and Japan and South Korea are involved in producing smart clothing. This involves integrating advanced sensors, fabrics and electronic components into garments. Moreover, the region boasts a large and tech- savvy consumer base. The growing urban population, coupled with increasing awareness of health and fitness, has fueled the demand for smart clothing. Additionally, the region is known for its rapid adoption of new technologies, creating a conducive environment for market growth.

Additionally, according to an article, The European Apparel and Textile Confederation (Euratex), has unveiled a comprehensive Manifesto outlining key recommendations to bolster the competitiveness and sustainability of the European textiles and clothing industry.

In the LAMEA region, there's a growing trend of using smart textiles in healthcare. More E-Textiles are being adopted in medical clothing, remote patient monitoring, and wellness tracking. This aligns with the region's focus on healthcare advancements and accessible medical technologies.

Global Smart Clothing Market By Region, 2024-2031
  • Largest
  • Fastest

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Smart Clothing Market Dynamics

Drivers

Increase in Demand

  • The global smart clothing market experiences growth driven by a high demand from professional athletes which ultimately will increase the adoption of smart clothing therefore is a significant contributing factor to the market's expansion.
  • During the heavy load sessions of the workout and training period there is a chance to get injury, so to prevent those injuries data analysis tools like pattern recognition, machine learning and statistical measures are made to know the influence on the players performance by effectively scheduling them. For instance, in 2018, DuPont launched Intexar smart clothing technology that enables correction of the work, and regular monitoring, which has influenced the consumers to buy smart clothes. Additionally, the growth in electronic devices in day-to-day life is another factor for expanding the global smart clothing market size. It is being claimed as the next big market move for IoT. Therefore, the sector's continuous integration of IoT within the market will effectively enhance the overall scope of the market.

Growth of Healthcare Sector

  • The increasing demand for global telemonitoring and telemedicine in healthcare is a vital factor that is contributing to the adoption of smart clothing globally. For instance, according to WHO, mobile health will be soon embraced by 90% of the population by 2030. Smart clothes play a key role in monitoring the heart rate, breathing and body temperature of the wearer. This adoption will be cost effective for patients and reduce the frequent number of hospital visits, thus encouraging more active lifestyles. The growing trend in the healthcare sector of telemedicine and remote monitoring of the patient presents significant opportunities for the global smart clothing market.

Restraints

High Production Cost

  • However, smart clothes' high production cost is one of the major factors that is expected to hinder the global clothing market's growth. Integrating electronics into textiles can be expensive due to specialized materials and manufacturing processes, which makes it challenging for E-Textiles and Smart Clothing to be widely adopted.

Challenges

Lack of Consumer Awareness and Technology Advancement

  • The lack of customer awareness regarding smart clothing is another factor limiting smart clothing demand.
  • Furthermore, the technological challenges involved with smart garments pose a hurdle to the market's growth. Demand for smart clothing fell during the pandemic because of the COVID-19 lockdown and other government-imposed limitations.

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Smart Clothing Market Competitive Landscape

The smart clothing market is highly competitive and characterized by the presence of several key players. Leading companies have been using a combination of product launches, expansions, mergers and acquisitions, contracts, agreements, partnerships, and collaborations as their main strategies to grow and expand their market share. A variety of strategies have been used by the companies to strengthen their position and aim to penetrate the market effectively.

For instance, in April 2023, researchers at the University of Waterloo advanced by developing a 'smart fabric'. The fabric has a unique response to both heat and electricity. If the fabric is exposed to heat, the embedded wires contract, leading to a change in fabric shape. Furthermore, the fabric can be controlled using electricity to change its form.

Top Player’s Company Profile

  • Ancol Pet Products Limited AiQ Smart Clothing
  • Sensoria, Inc.
  • Vulpés Electronics GmbH
  • DuPont de Nemours, Inc.
  • WEARABLE X.
  • TORAY INDUSTRIES, INC.
  • Myontec
  • Myzone Limited
  • Siren Care, Inc.
  • Owlet Baby Care, Inc.
  • Clothing Plus Ltd.
  • Interactive Wear AG
  • Infinite Corridor Technology (Infinite Water)
  • International Business Machines Corporation (IBM)
  • Sensatex AG
  • du Pont de Nemours and Company (DuPont)
  • Adidas AG
  • Ohmatex ApS
  • Hexoskin
  • Under Armour Inc.
  • Myant Inc.

Recent Developments

  • In November 2023, Nisshinbo Textile, a subordinate of Japan based Nisshinbo Holdings has developed a smart belt for pregnant mothers. The belt has a small microphone, which can monitor the baby’s heartbeat and predict a few days in advance when the mother is likely to go into labor. This belt encourages the user to seek medical care if any abnormalities are detected. The company plans to sell the belt as regular apparel rather than medical equipment.
  • In November 2023, Nisshinbo Textile, a subordinate of Japan based Nisshinbo Holdings has developed a smart belt for pregnant mothers. The belt has a small microphone, which can monitor the baby’s heartbeat and predict a few days in advance when the mother is likely to go into labor. This belt encourages the user to seek medical care if any abnormalities are detected. The company plans to sell the belt as regular apparel rather than medical equipment.
  • On January 2024, Taiwan-based MAEDEN specializes in manufacturing conductors, tinsel wires, and cables using diverse materials and constructions. Their product range caters to smart clothing and mobile devices. Notably, the company has developed an elastic wire capable of enduring water exposure and stretching without compromising its resistance. MAEDEN’s ultra-fine elastic conductors, with a diameter of around 0.2mm and a resistance of 6.5 ohms/meter, can stretch up to 50 per cent, maintaining their original length.

Smart Clothing Key Market Trends

  • Increased integration of Health Monitoring Features: Smart clothing is increasingly incorporating advanced health monitoring features such as heart rate monitoring, ECG monitoring, temperature sensing, and activity tracking. This trend is driven by the growing demand for wearable health and fitness tracking devices.
  • Adoption of Sustainable and Eco-friendly Materials: There is a rising trend in the smart clothing market towards using sustainable and eco-friendly materials in the manufacturing process. Consumers are becoming more environmentally conscious, leading to an increased demand for smart clothing made from recycled materials or organic fibers.

Smart Clothing Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. 

According to our smart clothing market analysis, there are several factors that shape the path of smart clothing market. The Smart Clothing Market is confronting a remarkable growth due to the increased number of injuries and demand for self-monitoring of the body through sensors, in addition, the government is taking initiatives for the safety of soldiers which can be done by bulletproof jackets is the primary factor that contributes the growth of the market. Furthermore, in the fitness sector, it has offered biometric data like heart rate, and breathing rate which empowers the athlete to plan workout in a professional way and one of the implications is to avoid injuries in sports, which has led to increased performance in sports is a contributing factor for the growth of the global market. Also, the offline segment holds the major share in the smart clothing market, whereas the online segment is quickly growing these days. The rise of e-commerce platforms and the increasing popularity of online shopping have greatly boosted the dominance of this segment. The Asia Pacific region is poised to contribute significantly to the upcoming session's growth, driven by increasing awareness among consumers. As people become more informed about smart clothing technologies and their benefits, there is a growing customer base in the region. This rise in awareness is expected to fuel demand for smart clothing products in the Asia Pacific market. As a result, the region's market is likely to experience a boost in the upcoming session as consumer awareness translates into increased demand for smart clothing. One significant trend is the increased integration of health monitoring features. Technologies like smart sensors are being integrated into medical clothing, providing a constant flow of data to researchers. Moreover, smart clothing has improved the efficiency of outpatient care. The amalgamation of fashion and technology has profoundly redefined the apparel and clothing industry. Most of the companies has adopted the developments such as sustainable fibers, intelligent textiles, nano technology, biodegradable fabrics, 3D printing, and hybrid materials have significantly contributed to creating an environmentally friendly and efficient fashion sector.

Report Metric Details
Market size value in 2022 USD 3.20 billion
Market size value in 2031 USD 28.69 billion
Growth Rate 27.60%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type 
    • Active and Ultra smart
  • Distribution 
    • Offline and Online
  • End User
    • Military & defense, and sports & fitness
  • Product
    • Apparel and footwear
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Ancol Pet Products Limited AiQ Smart Clothing
  • Sensoria, Inc.
  • Vulpés Electronics GmbH
  • DuPont de Nemours, Inc.
  • WEARABLE X.
  • TORAY INDUSTRIES, INC.
  • Myontec
  • Myzone Limited
  • Siren Care, Inc.
  • Owlet Baby Care, Inc.
  • Clothing Plus Ltd.
  • Interactive Wear AG
  • Infinite Corridor Technology (Infinite Water)
  • International Business Machines Corporation (IBM)
  • Sensatex AG
  • du Pont de Nemours and Company (DuPont)
  • Adidas AG
  • Ohmatex ApS
  • Hexoskin
  • Under Armour Inc.
  • Myant Inc.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Smart Clothing Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Smart Clothing Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Smart Clothing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Smart Clothing Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Smart Clothing Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Smart Clothing Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Smart Clothing Market size was valued at USD 3.20 billion in 2022 and is poised to grow from USD 4.08 billion in 2023 to USD 28.69 billion by 2031, growing at a CAGR of 27.60% during the forecast period (2024-2031).

The smart clothing market is highly competitive and characterized by the presence of several key players. Leading companies have been using a combination of product launches, expansions, mergers and acquisitions, contracts, agreements, partnerships, and collaborations as their main strategies to grow and expand their market share. A variety of strategies have been used by the companies to strengthen their position and aim to penetrate the market effectively. 'Ancol Pet Products Limited AiQ Smart Clothing', 'Sensoria, Inc.', 'Vulpés Electronics GmbH', 'DuPont de Nemours, Inc.', 'WEARABLE X.', 'TORAY INDUSTRIES, INC.', 'Myontec', 'Myzone Limited', 'Siren Care, Inc.', 'Owlet Baby Care, Inc.', 'Clothing Plus Ltd.', 'Interactive Wear AG', 'Infinite Corridor Technology (Infinite Water)', 'International Business Machines Corporation (IBM)', 'Sensatex AG', 'du Pont de Nemours and Company (DuPont)', 'Adidas AG', 'Ohmatex ApS', 'Hexoskin', 'Under Armour Inc.', 'Myant Inc.'

The smart clothing market experiences growth driven by a high demand from professional athletes which ultimately will increase the adoption of smart clothing therefore is a significant contributing factor to the market's expansion.

Increased integration of Health Monitoring Features: Smart clothing is increasingly incorporating advanced health monitoring features such as heart rate monitoring, ECG monitoring, temperature sensing, and activity tracking. This trend is driven by the growing demand for wearable health and fitness tracking devices.

North America dominated with the largest revenue share of over 39.6% in 2023. The dominance is attributed to the region's advancement in smart clothing technologies and presence of key players like Sensoria. The notable growth is further driven by the increasing demand for smart clothing, especially from the military sector. The military is adopting and adapting smart textile technologies to create battle-ready uniforms, providing a distinct advantage in the field. These uniforms are equipped with in-built sensors that monitor crucial metrics such as muscle data, temperature, heart rate and respiration rates and even can identify wounds to assess a soldier's health.

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Global Smart Clothing Market

Product ID: SQMIG45I2183

$5,300
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