Smart Clothing Market In-depth Forecast Study Highlights Growth in CAGR% and Revenue (US$Mn) till 20

Published: Wed Jun 12 2019

The report offers valuable intelligence about the global Smart Clothing Market and how it could shape in the coming years. It provides valuable information on the growth of different segments of the global smart clothing market. It gives critical market figures and important facts about the global smart clothing market. Even the competitive landscape is elaborately discussed in the report while shedding light on key factors that players cash in on to secure a strong position in the global smart clothing market. The authors of the report also provide regional analysis of the global smart clothing market.

Smart clothing a.k.a. e-textiles are fabrics that allow electronics to be embedded in them and digital components such as a light and a battery. Smart clothing offers added value to consumers with the integration of new technologies. Smart clothing enables seamless integration of microcontrollers, sensors, actuators, and other electronics. Smart clothing could be of two types, i.e. aesthetic and performance-enhancing. Smart clothing that change color and light up can be categorized under the aesthetic type. On the other hand, military, extreme sports, and athletic are common applications of performance-enhancing smart clothing.

The global smart clothing market is prophesied to expect high growth opportunities due to increased adoption of smart products by professional athletes. Smart clothing helps athletes to avoid potential injuries and optimize their performance level. Increasing sports budget and heavy spending on smart clothing for athletes are foreseen to work in the favor of the global smart clothing market. Even sports associations have realized how smart clothing helps athletes to evaluate their own performance and improve it for future challenges. On the other hand, the demand for remote patient monitoring is expected to cause a surge in the growth of the global smart clothing market.

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High competition with manufacturers of fitness trackers is projected to augur well for the global smart clothing market. Smart fabrics are researched to offer more accurate results and measurements compared to fitness trackers. They are used to measure muscle activity, stride length and rate, and foot landing of athletes. Smart clothing manufacturers and technology companies are shaking hands to develop innovative products. This is projected to create a whole lot of lucrative opportunities in the global smart clothing market.

The participation of both fitness and fashion smart clothing manufacturers in the global market is foretold to promise strong growth in the foreseeable future. Players could largely focus on higher performance of products to increase their sales rate when operating in the global smart clothing market. Rising number of partnerships in the global smart clothing market is expected to introduce more fashionable, comfortable, and functional products.

Additional Questions Answered

The report answers important questions about the global smart clothing market, including:

Which product will attract larger demand in the global smart clothing market?

Which industry vertical will contribute the most to the global smart clothing market?

Will passive smart textile technology retain dominance in the global smart clothing market?

Will North America gain a lion’s share of the global smart clothing market?

Competitive Landscape

This report digs deep into various aspects of the business of top players operating in the global smart clothing market, viz. MAD Apparel Inc., Carré Technologies Inc., CuteCircuit Ltd., Sensoria Inc., and OMsignal Inc.

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