Product Code: SE 7437
"Smart clothing market to grow at CAGR of 26.2% from 2019 to 2024."
The smart clothing market is likely to grow from USD 1.6 billion in 2019 to USD 5.3 billion by 2024, 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 sensors and increasing the 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. However, the high cost of products restrains the growth of the market.
"Upper wear product type to hold a significant share of the smart clothing market by 2024."
High demand for upper wear product types in various end-user industries provides opportunities for the growth of the smart clothing market. Smart shirts and bodysuits provide biometric data, such as pulse rate, temperature, muscle stretch, heart rhythm, and physical movement. This data is transmitted via Bluetooth to an app in real-time. Hence, increasing demand for the upper wear product type used in various end-user industries for multiple purposes is expected to provide ample opportunities for the smart clothing market.
"Military & defense to hold a significant share of the smart clothing market by 2024"
The smart clothing market for military & defense accounted for the largest share in 2018. Smart clothing has become a key component in the creation of new military uniforms designed to improve the health of the soldier while providing field insight. Smart clothing provides wound detection and protection against injuries, and facilitate health and stress monitoring. Smart clothing solutions for the military are being funded by governments in various countries.
"North America to be the largest shareholder in smart clothing market by 2024"
North America is expected to hold the largest share of the smart clothing market during the forecast period. The reason for this market dominance is the increasing demand in the region for smart clothing in industries, such as military & defense; healthcare; sports & fitness; and fashion & entertainment. Another important factor is the increase in technological innovations and advancements, which has led to the introduction of new products. The use of smart clothing is rising continuously in the US, with the increasing demand for fitness wear and health & wellness monitoring applications.
Breakdown of Profiles of Primary Participants:
- By Company Type: Tier 1 = 23%, Tier 2 = 35%, and Tier 3 = 42%
- By Designation: C-Level Executives = 33%, Directors = 42%, and Others = 25%
- By Region: North America = 32%, Europe = 17%, APAC = 43%, and RoW = 8%
Key players profiled in this report are as follows:
- AiQ Smart Clothing (Taiwan)
- Athos (US)
- Carre Technologies (Canada)
- Sensoria (US)
- Clothing Plus (Finland)
- Cityzen Sciences (France)
- Vulpes Electronics (Japan)
- DuPont (US)
- Werable X (US)
- Applycon (Czech Republic)
- Toray Industries (Japan)
- Myontec (Finland)
- Myzone (US)
- Siren (US)
- Owlet (US)
Research Coverage:
This report offers detailed insights into the smart clothing market, segmented based on textile type, product type, end-user industry, and region. Based on textile type, the market is segmented into active smart, passive smart, and ultra-smart. Based on product type, the market is segmented into upper wear, lower wear, innerwear, and others. Based on end-user industry, the market is segmented into military & defense, sports & fitness, fashion & entertainment, healthcare, mining, and others. The study also forecasts the size of the market segmented based on region-North America, Europe, APAC, and RoW.
Reasons to Buy the Report:
The report would help market leaders/new entrants in the smart clothing market in the following ways:
- 1. This report segments the smart clothing market comprehensively and provides the closest approximation of the overall, as well as segment-based, market size across different textile type, product type, end-user industry, and regions.
- 2. The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities for the growth of the market.
- 3. This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, along with the product launches and developments; collaboration and partnerships strategies implemented by key players in the market.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 DEFINITION
- 1.2.1 INCLUSIONS AND EXCLUSIONS
- 1.3 STUDY SCOPE
- 1.4 YEARS CONSIDERED
- 1.5 CURRENCY
- 1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.1.1 Major secondary sources
- 2.1.1.2 Key data from secondary sources
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Primary interviews with experts
- 2.1.2.2 Breakdown of primaries
- 2.1.2.3 Key data from primary sources
- 2.1.2.4 Key industry insights
- 2.2 MARKET SIZE ESTIMATION
- 2.2.1 BOTTOM-UP APPROACH
- 2.2.1.1 Approach for capturing the market size by bottom-up analysis (demand side)
- 2.2.2 TOP-DOWN APPROACH
- 2.2.2.1 Approach for capturing the market size by top-down analysis (supply side)
- 2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
- 2.4 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES FOR THE SMART CLOTHING MARKET
- 4.2 SMART CLOTHING MARKET, BY PRODUCT TYPE
- 4.3 SMART CLOTHING MARKET, BY END-USER INDUSTRY AND COUNTRY
- 4.4 GEOGRAPHIC SNAPSHOT OF THE SMART CLOTHING MARKET
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Rising demand for monitoring bodily activities through sensors
- 5.2.1.2 Increasing adoption of smart clothes for various end-user industries
- 5.2.2 RESTRAINTS
- 5.2.2.1 High cost of products
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Growing awareness about the need for sports & fitness
- 5.2.4 CHALLENGES
- 5.2.4.1 Technical complications
6 SMART CLOTHING MARKET, BY TEXTILE TYPE
- 6.1 INTRODUCTION
- 6.2 ACTIVE SMART
- 6.2.1 SPORTS AND FITNESS SEGMENT TO GROW AT HIGHEST CAGR IN THE FORECAST PERIOD
- 6.3 PASSIVE SMART
- 6.3.1 MILITARY AND DEFENSE TO OCCUPY THE LARGEST SHARE IN THE SMART CLOTHING MARKET
- 6.4 ULTRA-SMART
- 6.4.1 SPORTS AND FITNESS TO OCCUPY THE LARGEST SHARE FOR ULTRA SMART CLOTHING
7 SMART CLOTHING MARKET, BY PRODUCT TYPE
- 7.1 INTRODUCTION
- 7.2 UPPER WEAR
- 7.2.1 UPPER WEAR SEGMENT TO ACCOUNT FOR THE LARGEST SHARE
- 7.3 LOWER WEAR
- 7.3.1 LOWER WEAR SEGMENT TO CAPTURE A SIGNIFICANT SHARE FOR SPORTS & FITNESS DURING FORECAST PERIOD
- 7.4 INNERWEAR
- 7.4.1 MARKET FOR INNERWEAR PROJECTED TO BE THE LARGEST FOR MILITARY & DEFENSE DURING FORECAST PERIOD
- 7.5 OTHERS
8 SMART CLOTHING MARKET, BY END-USER INDUSTRY
- 8.1 INTRODUCTION
- 8.2 MILITARY & DEFENSE
- 8.2.1 UPPER WEAR SEGMENT TO DOMINATE THE SMART CLOTHING MARKET FOR MILITARY & DEFENSE DURING THE FORECAST PERIOD
- 8.3 SPORTS & FITNESS
- 8.3.1 SMART CLOTHING MARKET FOR SPORTS & FITNESS IN THE APAC REGION TO GROW AT THE HIGHEST CAGR
- 8.4 FASHION & ENTERTAINMENT
- 8.4.1 NORTH AMERICA TO DOMINATE THE FASHION & ENTERTAINMENT VERTICAL DURING THE FORECAST PERIOD
- 8.5 HEALTHCARE
- 8.5.1 APAC TO REGISTER THE HIGHEST GROWTH RATE FOR HEALTHCARE
- 8.6 MINING
- 8.6.1 NORTH AMERICA TO DOMINATE THE SMART CLOTHING MARKET DURING THE FORECAST PERIOD
- 8.7 OTHERS
- 8.7.1 APAC TO GROW AT THE HIGHEST CAGR FOR VERTICALS SUCH AS CONSTRUCTION, TRANSPORTATION, AND AUTOMOTIVE
9 SMART CLOTHING MARKET, BY REGION
- 9.1 INTRODUCTION
- 9.2 NORTH AMERICA
- 9.2.1 US
- 9.2.1.1 Presence of leading smart clothing manufacturers in North America driving the smart clothing market growth in the US
- 9.2.2 CANADA
- 9.2.2.1 Growth of the IoT platform and its related components propelling the growth of the smart clothing market
- 9.2.3 MEXICO
- 9.2.3.1 Rising adoption of new and innovative new technologies in manufacturing processes propelling the growth of the smart clothing market
- 9.3 EUROPE
- 9.3.1 GERMANY
- 9.3.1.1 Advancements in wearable technology, growing awareness, and inclination toward smart clothing to drive the market during the forecast period
- 9.3.2 UK
- 9.3.2.1 Adoption of smart clothes for the sports & fitness industry driving market growth in the UK
- 9.3.3 FRANCE
- 9.3.3.1 Increasing demand for portable electronic products from the healthcare industry
- 9.3.4 ITALY
- 9.3.4.1 Increasing demand for fitness bands and health monitoring wearables to drive the smart clothing market during the forecast period
- 9.3.5 REST OF EUROPE
- 9.4 ASIA PACIFIC
- 9.4.1 CHINA
- 9.4.1.1 China to witness rapid growth in the global smart clothing market during the forecast period
- 9.4.2 JAPAN
- 9.4.2.1 Japan witnesses the highest demand for smart clothes from the military & defense industry
- 9.4.3 INDIA
- 9.4.3.1 Health monitoring to be a market driver in the country in the coming years
- 9.4.4 SOUTH KOREA
- 9.4.4.1 Upgradation of technology and innovation driving the market in South Korea
- 9.4.5 REST OF ASIA PACIFIC
- 9.5 REST OF THE WORLD (ROW)
- 9.5.1 SOUTH AND CENTRAL AMERICA
- 9.5.1.1 Brazil propelling the smart clothing market in the region
- 9.5.2 MIDDLE EAST AND AFRICA (MEA)
- 9.5.2.1 Multiple factors driving the smart clothing market in the Middle East & Africa
10 COMPETITIVE LANDSCAPE
- 10.1 INTRODUCTION
- 10.2 MARKET PLAYER RANKING ANALYSIS
- 10.3 COMPETITIVE LEADERSHIP MAPPING
- 10.3.1 VISIONARY LEADERS
- 10.3.2 DYNAMIC DIFFERENTIATORS
- 10.3.3 INNOVATORS
- 10.3.4 EMERGING COMPANIES
- 10.4 COMPETITIVE BENCHMARKING
- 10.4.1 STRENGTH OF PRODUCT PORTFOLIOS (15 COMPANIES)
- 10.4.2 BUSINESS STRATEGY EXCELLENCE (15 COMPANIES)
- 10.5 COMPETITIVE SCENARIO
- 10.6 COMPETITIVE SITUATIONS & TRENDS
- 10.6.1 PRODUCT LAUNCHES/DEVELOPMENTS
- 10.6.2 COLLABORATIONS/PARTNERSHIPS
11 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
- 11.1 KEY COMPANIES
- 11.1.1 AIQ SMART CLOTHING
- 11.1.2 ATHOS
- 11.1.3 CARRE TECHNOLOGIES INC (HEXOSKIN)
- 11.1.4 SENSORIA INC.
- 11.1.5 CITYZEN SCIENCES
- 11.1.6 APPLYCON S.R.O.
- 11.1.7 CLOTHING PLUS
- 11.1.8 DUPONT
- 11.1.9 VULPES ELECTRONICS
- 11.1.10 WEARABLE X
- 11.2 OTHER KEY COMPANIES
- 11.2.1 MYONTEC
- 11.2.2 MYZONE
- 11.2.3 OWLET
- 11.2.4 SIREN
- 11.2.5 TORAY INDUSTRIES, INC.
Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
12 APPENDIX
- 12.1 DISCUSSION GUIDE
- 12.2 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 12.3 AVAILABLE CUSTOMIZATION
- 12.4 RELATED REPORTS
- 12.5 AUTHOR DETAILS
