Smart clothing market is projected to reach USD 5.3 billion by 2024, at a CAGR of 26.2% during forecast period.
Smart
clothing market is dominated currently by AiQ Smart Clothing (Taiwan),
Athos (US), Carre Technologies (Canada), Sensoria (US), Clothing Plus
(Finland), Cityzen Sciences (France), Vulpes Electronics (Japan), DuPont
(US), Wearable X (US), Applycon (Czech Republic), Toray Industries
(Japan), Myontec (Finland), Myzone (US), Siren (US), and Owlet (US).
Smart clothing market for sports & fitness end-user industry to grow at the highest CAGR during the forecast period.
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Smart Clothing Market Report Scope:
Report Attributes | Details |
Market Size Value in 2019 | USD 1.6 Billion |
| Revenue Forecast in 2024 | USD 5.3 Billion |
| Growth Rate | 26.2% |
| Base Year Considered | 2018 |
| Historical Data Available for Years | 2017–2024 |
Forecast Period | 2019–2024 |
Segments Covered |
|
Region Covered |
|
| Market Leaders |
|
| Top Companies in North America |
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| Largest Growing Region | North America |
| Largest Market Share Segment | Active Smart Textile Segment |
| Highest CAGR Segment | Upper Wear Product Segment |
| Largest Application Market Share | Sports & Fitness Application |
The sports & fitness end-user industry is expected to grow at a high rate for the smart clothing market. Sensors are already being used in clothing lines and innerwear, such as heart rate monitoring sports bras and heated underwear. There is an increasing demand for smart innerwear from the sport & fitness industry due to the growing use of sports bras that record running distance, breathing rates, and heart rates with the help of sensors. Hence, the market for innerwear for the sports & fitness industry is projected to witness significant growth in the coming years.
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