According to
the new research report, "Smart Clothing Market by Textile Type, Product Type (Upper Wear,
Lower Wear, Innerwear, and Others), End-User Industry (Military & Defense,
Sports & Fitness, Fashion & Entertainment, Healthcare), and Geography -
Global Forecast to 2024", is likely to grow from USD 1.6
billion in 2019 to USD 5.3 billion by 2024; it is expected to grow at a CAGR of
26.2%.
The growth
of this market is driven mainly by factors such as rising demand for monitoring
bodily activities through the sensor, and increasing adoption of smart clothes
for various end-user industries. Growing awareness about the need for sports
& fitness is expected to create significant growth opportunities for
players in the smart clothing market during the forecast period.
Browse 102 market data
Tables and 48 Figures spread through 139 Pages and in-depth TOC on "Smart
Clothing Market - Global Forecast to 2024"
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Smart
clothing market for ultra-smart textile to grow at highest CAGR during
2019–2024
The demand for smart clothes for ultra-smart
textile is expected to grow at the highest CAGR from 2019 to 2024. Ultra-smart
textiles are the third-generation smart textiles that can sense, respond, and
adapt themselves to environmental conditions or stimuli. The production of
ultra-smart textiles is now a reality after the successful integration of
traditional fabrics and technology with other branches of science like material
science, structural mechanics, advanced processing technology, sensor and
actuator technology, communication, and artificial intelligence.
Smart clothing market for upper
wear product type is expected to grow at highest CAGR during the forecast
period
The demand for smart clothes for upper wear
product type of growing at the highest CAGR from 2019 to 2024. Smart textiles
with embedded electronics have already hit the market for display-embedded
shirts and gowns. Textile-integrated sensors have the potential to equip
everyday clothes with smart capabilities, making the detection of body
movements accessible during normal life activities. This solution records
variables directly related to a wearer’s needs, such as comfort and awareness,
which must be prioritized equally with the accuracy and precision of the sensor
data.
Browse in-depth
TOC on "Smart
Clothing Market"
102 – Tables
48 – Figures
139 – Pages
Rising demand for smart clothes
from various end-user industry to boost the market growth in APAC during the
forecast period
China is expected to be the main contributors
to the growth of the smart clothing market in APAC in the coming years. China
is among the growing demands for smart clothing in Asia Pacific. The country’s
manufacturing sector has witnessed massive growth, which is one of the
important factors responsible for its economic development. The market in
China, as a result, is projected to grow significantly in the future. Other
than China, countries such as South Korea and India manufacture sensors for
wearable electronics.
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Key players in the market include
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). These players are increasingly undertaking
product launches & developments, collaboration, and partnerships to develop
and introduce new technologies in the market.
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