Global Smart Clothing Market (2016-2024)- Research Nester

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Global Smart Clothing Market Industry Insights
Opportunity Evaluation, 2017-2024
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Smart clothing refers to the textiles which are
integrated with sensors and digital components in
them. This clothing technology monitors the
physical conditions of the user and uses big
analytics to predict and show the results.
Further, new smart clothing technologies sense
and monitor the environment condition as well.
Smart clothing has various applications in sports
and leisure, healthcare and military. Sport teams
and management prefers smart clothing as it helps
in prevention of injury and revenue loss. Market
Size and Forecast Global smart clothing market is
anticipated to witness robust growth over the
forecast period. Further, the market is expected
to garner USD 5.2 Billion by the end of 2024.
Spiked adoption of smart clothes by athletes has
been witnessed in recent years. Thus, adoption
rate is anticipated to increase as smart clothes
offer various benefits such as injury prevention,
oxygen and dehydration monitoring. This factor is
expected to drive the growth of the smart clothes
over the forecast period. In 2016, North America
accounted for the highest market share in the
regional platform and is expected to continue its
dominance over the forecast period. High adoption
rate of smart clothes coupled with high
disposable income is expected to be the key
factor behind the growth of smart clothes market
in the North America region.
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Further, rising spending on military textile and
wearable technology is expected to increase the
demand for smart clothes during the forecast
period. U.S. is witnessing augmented demand for
smart clothes in the North America region. Europe
smart clothing market is expected to grow at a
modest rate over the forecast period. Heavy
adoption of sensor enabled products in the region
is predicted to trigger the growth of smart
clothes in the Europe region. Asia Pacific is
projected to witness lucrative growth over the
forecast period. This can be attributed to the
increasing awareness about the application of
smart clothes.    Market Segmentation Our
in-depth analysis has segmented global smart
clothing market into the following segments By
Product Smart T-shirts Smart Pants Smart
Jackets Smart Undergarments Smart  Socks
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By Application Sports Leisure Health
Monitoring Military Industrial By Region Global
smart clothing market is further classified on
the basis of region as follows North America
(U.S. Canada) Market size, Y-O-Y growth
Opportunity Analysis Latin America (Brazil,
Mexico, Rest of Latin America) Market size, Y-O-Y
growth Opportunity Analysis Europe (U.K.,
Germany, France, Italy, Spain, Hungary, Belgium,
Netherlands Luxembourg, Rest of Europe) Market
size, Y-O-Y growth Opportunity
Analysis Asia-Pacific (China, India, Japan,
Singapore, Australia, New Zealand, South Korea
Rest of Asia-Pacific) Market size, Y-O-Y growth
Opportunity Analysis Middle East and North Africa
(GCC, North Africa, South Africa Rest of Middle
East and Africa) Market Size and Y-O-Y Growth
Analysis
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Growth Drivers Challenges Increasing awareness
about the fitness and healthcare is expected to
drive the growth of global smart clothes market.
Further, rising trend of adoption of body
monitoring devices is expected to impel the
expansion of global smart clothes during the
forecast period. Additionally, incorporation of
newly developed and advanced fibers such as
nanofibers and hybrid materials is expected to
drive the growth of smart clothing market. Apart
from this, smart clothes help in injury
prevention, oxygen monitoring, and collision
measurement. Athletic teams and their management
are adopting smart clothes to reduce the revenue
loss by using data to prevent injuries. This high
adoption of smart clothes by the athletes is
expected to impel the growth of global smart
clothing market. Further, smart clothes are being
adopted by military on the account of their
health monitoring, ballistic protection, wound
detection and communication networking
capabilities. These factors are anticipated to
spur the demand for smart clothes during the
forecast period.
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In contrast, high cost of smart clothes is
expected to hamper the growth of smart clothing
market. Further, rising concern of privacy and
increasing incidence of data theft is expected to
negatively impact the growth of the market. Key
Players Athos Company Overview Key Product
Offerings Business Strategy SWOT
Analysis Financials AIQ Smart Clothing Hexoskin He
ddoko Sensoria Inc. Ralph Lauren Catapult Sports
Pty Ltd Lumo Body Tech Clothing
Oy InteraXon Scope and Context Overview of the
Parent Market Analyst View
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Segmentation The global smart clothing
market is segmented as follows By Product Market
Size Y-O-Y Growth Analysis By Application
Market Size Y-O-Y Growth Analysis By Region
Market Size Y-O-Y Growth Analysis Market
Dynamics Supply Demand Risk Competitive
Landscape Porters Five Force Model Geographical
Economic Activity Key Players (respective SWOT
Analysis) and their Strategies and Product
Portfolio Recent Trends and Developments Industry
Growth Drivers and Challenges Key Information for
Players to establish themselves in current
dynamic environment  
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