Smart Apparel Market to Reach US $ 6,418.08 Million, Globally, by 2027 at a CAGR of 24.4%: The Insight Partners

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Rising trend of smart wearable fabrics in health, sports and fitness industries to support the growth of smart clothing market

According to our latest market research on ‘Global Smart Clothing Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Type (Active, Passive & Ultra-Smart), Type of Guidance (Clothing, Footwear, Patches portable and others), connectivity (Wi-Fi, Bluetooth, GPS and RFID), end user (health, fashion and lifestyle, sport and fitness, military and others) and geography, “the market was valued at 1,143.09 million dollars in 2019 and is expected to reach $ 6,418.08 million by 2027; it is estimated to grow at a CAGR of 24.4% during the period 2020-2027. The report highlights the key factors driving the growth of the market along with the key players and their development in the market.

Strategic perspectives

Cover of the report

Details

Market size Value in

US $ 1,143.09 million in 2019

Market size Value per

US $ 6,418.08 million by 2027

Rate of growth

CAGR of 24.4% from 2020-2027

Forecast period

2020-2027

Year of reference

2020

Number of pages

198

Number of tables

115

Number of graphs and figures

96

Historical data available

Yes

Covered segments

Type, Orientation type, Connectivity, End user

Regional scope

North America; Europe; Asia Pacific; Latin America; AEM

Country scope

United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Cover of the report

Revenue forecast, company ranking, competitive landscape, growth factors and trends

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Smart clothes are designed and manufactured with the integration of smart technologies to provide them with different functionalities. The increasing use of smart clothing and increasing investments in healthcare, military, sports and defense industries may influence the growth of the market in the coming years. The increase in the number of sports injuries, coupled with increased investments in the military and defense industries, would stimulate demand for these products. A strong preference for monitoring bodily activity through sensors may further drive the market growth. Rising consumer awareness of fitness is likely to fuel the growth of the market. Furthermore, the changing preference of athletes towards smart clothing to prevent possible injury and improve their performance may drive the market growth during the forecast period.

Fast turnaround times, low operating costs and easily accessible service points increase adoption of smart textiles. In addition, the demand for smart clothing is growing at an impressive rate due to the increasing demand for mining, oil and gas exploration activities. The smart clothing market, by type, is segmented into passive, active and ultra-smart. Smart clothing enables better communication with other devices, analyzes and detects stimuli and protects the wearer from environmental risks.

Impact of COVID-19 on the smart clothing market

The impact of COVID-19 varies among countries around the world due to the varying number of confirmed cases in these countries; countries with a higher number of active cases and deaths subsequently imposed strict and longer lockdown periods or social isolation. In countries like Italy and Spain, there has been a decline in demand for smart clothing or other services due to the notable number of COVID-19 cases. The spread of the pandemic is expected to have a short-term impact on the smart clothing market. However, the smart clothing market is expected to show positive growth in the post-pandemic period.

Download the Latest COVID-19 Analysis of Smart Clothing Market Growth Research Report at https://www.theinsightpartners.com/covid-analysis-sample/TIPTE100000341

Upper Body Apparel Solution is Expected to Drive Market Growth in Future

The growing demand for outerwear, such as smart shirts, jackets and vests, is creating growth opportunities in the market. A smart shirt can provide biometric data such as heart rate, respiratory rate, and muscle activity, which are used professionally to optimize performance and training plans. Data is captured and sent to all associated apps, providing insight into a range of sports metrics including intensity and recovery, calories burned, fatigue level, and sleep quality. Hence, the increasing use of outerwear for various end user applications is expected to provide opportunities for smart clothing suppliers during the forecast period. Bioman +, for example, is a basic upper body garment solution for a wide range of cleaning solutions. It consists of textile electrodes based on conductive fibers for the acquisition of the electrical activity of the human body and conductive threads for the transmission of electrical signals to the processing and transmission module snapped onto the garment. Bioman + has been validated with most of the industry’s leading heart rate and ECG module vendors. It continues to be the smart apparel partner of choice for new module suppliers entering this rapidly growing segment.

Smart Clothing Market: Type Segment Overview

Smart garments are designed and manufactured with the integration of smart technologies to deliver fabrics with smart functionality. The smart clothing market, by type, is segmented into passive, active and ultra-smart clothing. These textiles are used in many applications and offer better communication than other devices, generate electricity, analyze and detect stimuli and protect the wearer from environmental hazards.

Smart Clothing Market: Competitive Landscape and Key Developments

AiQ Smart Clothing Inc., Carre Technologies Inc. (Hexoskin), CUTECIRCUIT, Google LLC, Jabil Inc., Myontec Ltd, Sensoria Inc., Siren Care, Inc., Under Armor, Inc. and WEARABLE X are among the major players on the global smart clothing market. Leading companies focus on expanding and diversifying their market presence and acquiring new customers, thereby exploiting existing business opportunities.

Order a copy of the Smart Clothing Market Share, Strategy and Forecast 2020-2027 Research Report at https://www.theinsightpartners.com/buy/TIPTE100000341/

In 2020, Levi’s and Google unveiled a new smart jacket Commuter Jacket 2.0, and Google managed to reduce the battery-powered tag that gives the jacket its smart powers to more than half the size of the tag’s. origin.

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About Us:

The Insight Partners is the industry’s unique research provider for actionable intelligence. We help our clients find solutions to their research needs through our syndicated research and advisory services. We specialize in industries such as Semiconductors & Electronics, Aerospace & Defense, Automotive & Transportation, Biotechnology, Health Informatics, Manufacturing & Construction, Medical Devices , technology, media and telecommunications, chemicals and materials.

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