Smart Fitness Wear Market size to grow at over 30% CAGR from 2016 to 2023

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Smart fitness wear market size to grow at over
30 CAGR from 2016 to 2023, to hit USD 4.5
billion by 2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Regional Analysis of Smart Fitness Wear Market

• U.S. smart fitness wear market size is expected
  to demonstrate considerable growth from 2016 to
  2023.
• Asia Pacific is predicted to experience
  significant growth prospects owing to low
  production cost across the region.
• Europe expected to exhibit moderate growth rates
  owing to presence of leading industry
  participants across the region.

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Application Analysis of Smart Fitness Wear
Market

• These products are equipped with sensors and
  Bluetooth compatibility to transmit data
  regarding the wearers stress levels, energy
  output, as well as heart rate.
• Various companies are now making leggings and
  shorts equipped with resistance panels to a smart
  fabric that help to boost calorie burn during an
  exercise session. The advent of smart shoes and
  in-soles are forecast to propel smart fitness
  wear market size over the next seven years.
• Increasing use of these products by athletes as
  well as trainers due to enhanced level and
  quality of exercise has driven consumption. They
  help the wearer stay on course during a workout
  regime through haptic alerts.

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Competitive Market Share of Smart Fitness Wear
Market

• Industry participants accumulating major smart
  fitness wear market share include Athos,
  Intelligent Clothing, International Fashion
  Machines, Interactive Wear, Schoeller Textiles.
  Other prominent industry players are Textronics,
  Vista Medical Textronics, Gentherm and Sensoria.
• Escalating adoption of GPS equipped smart sports
  vest is expected to further provide a fillip to
  smart fitness wear market growth from 2016 to
  2023. These wearables collect data such as
  distance and speed. Features including body
  stress measurement also help prevent potential
  injury.

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