Global Smart Clothing Industry
New Study On "Global Smart Clothing Market 2019 Industry Analysis, Segment & Forecast Up to 2025" Added to Wise Guy Reports Database
The report published in Sheer Analytics and Insights on the global smart clothing market revealed the growth to be at a notable pace. The valuation of the smart clothing market was further stated to surpass its previous valuation.
Rising number of sports-based injuries and increasing spending in the military & defense industry across varying countries to protect soldiers from any potentially preventive injuries is pushing the demand for smart clothing. Increasing fitness awareness and monitoring one's health are some of the other key driving factors for the market.
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The global smart clothing market has been segmented in terms of type and applications.
By product, the market segments into pants, shirts, socks, jackets, and undergarments. The shirts segment of the market is expected to grow at a profound pace in the coming years. These smart shirts offer biometric data like muscle activity, breathing rate & volume, heart rate, and transmits the same data into an app in devices like laptop and mobile through Bluetooth. The collected data is then analyzed and further optimized to get personalized workout plans and assessments on the current progress.
Aside from these shirts, the smart jackets market is expected to grow at a notable pace as well due to its ability to control the mobile device and connect with various services like music and camera directly through the jacket.
By component, the market comprises storage device, sensors, energy source, wires and connectivity, and others.
By end-user, the market divides into military, healthcare, entertainment, industrial, and sports & fitness. The military segment is increasingly being reported as a key industry for the market. Defenses are demanding these product to gain key visibility about the health condition of a soldier and gain other essential battlefield insights. A number of government institutions are seen investing, researching, and developing technologically advanced military uniforms taking the smart clothing concept into consideration.
The global smart clothing market comprises a host of key players. This includes names like Lumo Bodytech Inc., Hexoskin, Athos, InteraXon, Sensoria Inc., Catapult Sports Pty Ltd, Heddoko Inc., OMSignal, Ralph Lauren, and Thethings.io.
The global smart clothing market is geographically distributed across the following key regions: Latin America, Asia Pacific, North America, Europe, and the Middle East and Africa.
The US clothing market is rapidly driving the regional market of North America. The country is predicted to gain increasing adoption of these clothing and gain massive revenue share over the forecast period. The market herein is expected to grow due to rising investments being made by the various sports associations in eradicating the potential possibility of any injuries of professional athletes.
The Asia Pacific regional market for smart clothing is expected garner a notable CAGR during the forecast period due to the increasing demand for products with advanced features and growing adoption of wearable devices. Rising military and defense budgets and security concerns in countries like India and China are influencing the regional market to grow positively.
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