Smart Clothing Market: Overview
The global smart clothing market is likely to witness a stellar growth in the coming few years, thanks to surge in sports and adventures activates across globe.
Smart clothing refers to textiles that are integrated with electronic components such as sensors, receivers and transmitters. These arrangements help in monitoring the physical conditions of the user by using advanced technologies. Due to this, smart clothing has various applications in sports and leisure, healthcare and military.
Transparency Market Research has announced to add a report on the smart clothing market to its vast repository. The report is expected to offer an in depth analysis of the industry with all important segments. Along with this, the report will help users with several vital data that will help indicating growth and latest trend in the smart clothing market during the forecast period.
Smart Clothing Market: Notable Developments and Competitive Landscape
Some of the recent development in the smart clothing market are-
- Smart clothing market is at present at its nascent stage, there are several factors which are expected to play a vital role in the growth. At present fashion cosmos is one of most pivotal factors impacting the growth of smart clothing market size. Key companies operating in the smart clothing market are looking forward to introduce unique, innovative products such as 3D-printed jackets, connected clothes, and belts with fitness tracking.
- For instance, in 2017, Polar, a key player in dealing in smart clothing launched a polar team pro shirt. The shirt is enabled with the heart rate monitoring device and GPS tracking.
- Some of the predominant players in the smart clothing market include Catapult Sports Pty Ltd, Athos, Heddoko Inc., Lumo Bodytech Inc., Ralph Lauren, and OMSignal, Sensoria Inc., etc. The industry is forecast to witness intensive competition owing to the increasing rate of new entrants
Is something restraining your company’s growth in the Smart Clothing Market? Ask for the Report Brochure here
Smart Clothing Market: Key Trends
The global smart clothing market is expected to rise at a significant pace in the coming few years. This is mainly due to the growing industrial verticals of the product. At present, smart clothing is primary used in sports & fitness, healthcare, military & defense.
In addition to this, factors like rise in the number of sports injuries, initiatives take by governments to protect soldiers from potential injuries and gradual increase in the features of smart cloths are some factors expected to present significant growth opportunities.
Along with this, rising demand for self-monitoring of body activities, growing awareness among individual fitness and rising spending power of the consumers are expected to offer an impetus to the industry growth.
However, factors like high cost, lack of awareness and inability of the cloths to cope in harsh weather conditions are expected to hinder the smart clothing market growth over the forecast timespan.
Despite of a considerable spectrum of shortcomings, smart clothing industry is forecast to sketch a favorable growth diagram in the years ahead.
Looking for Regional Analysis or Competitive Landscape in Smart Clothing Market, Ask for a customized Report here
Smart Clothing Market: Regional Outlook
The geographical scope of smart clothing market is segmented across North America, Europe, and Asia Pacific. Among all the regions, North America is expected to hold highest share in the smart clothing market primarily because of the U.S. The country has always been at the forefront as far as sporting events across the globe are considered.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.