Smart Clothing Market size was valued at US$ 3.21 Bn. in 2022 and the total revenue is expected to grow at 26.2% through 2023 to 2029, reaching nearly US$ 16.34 Bn.
Smart Clothing Market Overview:
The Smart Clothing Market research provides a full competition picture, including market share and company profiles of the major players in the worldwide industry. The scope of the research covers a complete examination of the Smart Clothing Market, as well as the causes for variances in the industry’s growth in different areas.
Market Scope:
To locate and collect material appropriate for this study, this research study makes considerable use of secondary sources, directories, and databases such as annual reports, press releases, journals, corporate websites, and databases.
Dynamics:
The market is expected to develop as demand for upper wear such as smart shirts, jackets, and vests increases. A smart shirt may collect physiological data like heart rate, breathing rate, & muscle activity, which can be used to improve professional performance and workout routines. Data is collected in real time and delivered to the accompanying app, which provides information on a variety of sports parameters such as intensity and recovery, calories burnt, exhaustion level, and sleep quality. As a result, throughout the projected period, the increased use of upper wear for various end-user applications is likely to generate possibilities for smart clothing providers.
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Segmentation:
by Product Type
upper wear
lower wear
innerwear
others
by Textile Type
active smart
passive smart
ultra-smart
by End-User Industry
Fashion & entertainment
healthcare
sports & fitness
others
by Connectivity
Wi-Fi
Bluetooth
GPS
RFID
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Key Players: The entire approach involves a review of the financial reports of the major market participants. Following the determination of the overall market size, the complete market was divided into many segments and sub-segments and checked with key industry professionals such as CEOs, VPs, directors, and marketing executives. The major players in the Smart Clothing Market are
1. AiQ Smart Clothing (Taiwan)
2. Athos (US)
3. Carre Technologies (Canada)
4. Sensoria (US)
5. Clothing Plus (Finland)
6. Cityzen Sciences (France)
7. Vulpes Electronics (Japan)
8. DuPont (US)
9. Wearable X (US)
10. Applycon (Czech Republic)
11. Toray Industries (Japan)
12. Myontec (Finland)
13. Myzone (US)
14. Siren (US)
15. Owlet (US)
Regional Analysis: The region portion of the Smart Clothing Market study also includes individual market affecting elements and changes in legislation in the market that affect present and future market trends. Current and future trends are discussed in order to estimate the entire market potential and to highlight profitable trends in order to obtain a firmer footing. Geographic market assessment is based on the existing scenario and predicted developments.
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COVID-19 Impact Analysis on Smart Clothing Market:
Following the outbreak of the pandemic, end-user sectors where Smart Clothing Market are used had a fall in growth from January to May in a variety of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a suspension in operations. This resulted in a major decrease in the revenues of firms operating in these industries and, as a consequence, in demand for Smart Clothing Market manufacturers, influencing the growth of the Smart Clothing Market in 2020. With lockdowns and a rising number of COVID-19 cases throughout the world, the demand for Smart Clothing Market from end-user businesses has decreased significantly.
Key Questions answered in the Smart Clothing Market Report are:
- Which are the major companies in the Smart Clothing Market?
- Which is the potential market for Smart Clothing Market in terms of the region?
- What are the opportunities for new market entrants?
- What is expected to drive the growth of the market in the next seven years?
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