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.
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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