Global Smart Clothing Market Overview:
Smart clothing is where technology meets textile. It is also known as E-textile, high tech clothing, smart garments, smart wear, electronic textile, smart textile and smart fabric- is a clothing item that has been enhanced with the technology and is integrated with sensors and digital components with them. This clothing technology sense and monitor the environment condition. Smart clothing uses conductive textiles and advances analytical systems that allow the wearer to capture and quantify real-time data from their body and mind. It is used in various applications such as sports & leisure, healthcare, military, and others.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Market Growth Drivers:
Growing Demand for Monitoring Bodily Activities Through Sensors and Rising Demand for Smart Clothes from Various End-User Industries
Challenges:
Technical Complications
Restraints:
High Cost Associated With the Smart Clothing
Opportunities:
Growing Awareness About the Need for Sports & Fitness and Increased Spending In Military & Defense Sector Across Various Countries To Protect Soldiers From Potential Injuries Present
Competitive Landscape:
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Some of the key players profiled in the report are Athos (United States), AiQ Smart Clothing (Taiwan), Sensoria (United States), Cityzen Sciences (France), Clothing Plus (Finland), Carre Technologies (Canada), DuPont (United States), Vulpes Electronics (Japan), Applycon (Czech Republic), Myzone (United States), Toray Industries (Japan) and Wearable X (United States). Additionally, following companies can also be profiled that are part of our coverage like Siren (United States), Owlet (United States) and Myontec (Finland). Analyst at AMA Research see United States Vendors to retain maximum share of Global Smart Clothing market by 2028. Considering Market by End User Industry, the sub-segment i.e. Military & Defense will boost the Smart Clothing market. Considering Market by Textile Type, the sub-segment i.e. Active Smart will boost the Smart Clothing market. Considering Market by Function, the sub-segment i.e. Biosensors will boost the Smart Clothing market. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Smart Clothing market.
Latest Market Insights:
In February 2019 KBS Fashion Group Ltd., a fully-integrated casual menswear company in China, has acquire Tribe Wearables (Tribe), a private smart clothing technology company, located in Komotini, Greece. With the acquisition of Tribe, the management team of KBS continues the implementation of its plan for entering the dynamic market of AI, wearable and smart technology for capturing the ever increasing demand for these products in the wider region and internationally.
August 2022, NoYou launches new quirky and smart clothing line with upcoming Web3 projects. The future of innovation has to include not only the technology, but economic viability.
What Can be Explored with the Smart Clothing Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Smart Clothing Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Smart Clothing
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Smart Clothing market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Smart Clothing market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Raw Material Suppliers, Distributors/Traders/Wholesalers/Suppliers, Regulatory Bodies, Including Government Agencies And NGOs, Commercial Research & Development (R&D) Institutions, Importers and Exporters, Government Organizations, Research Organizations, And Consulting Firms, Trade Associations And Industry Bodies and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.