Smart Clothing Market: Global Industry Analysis and Forecast (2022-2029) by Product Type, Textile Type

Smart Clothing Market size was valued at US$ 2.54 Bn. in 2021 and the total revenue is expected to grow at 26.2% through 2022 to 2029, reaching nearly US$ 16.40 Bn.
Smart Clothing Market Overview:
The Smart Clothing Market is segmented by Product Type (upper wear, lower wear, innerwear and others), Textile Type (active smart, passive smart and ultra-smart), End-User Industry (fashion & entertainment, healthcare, sports & fitness, and others) and Region (North America, Europe, Asia-Pacific, and Rest of the World). The report consists of the Trend, Forecast, Competitive Analysis, and Growth Opportunities of the market. For the forecast period of 2022 to 2029, the report provides a complete analysis that reflects today's Smart Clothing Market realities & future market prospects. To provide a comprehensive perspective of the market, the research segments and analyses it in great detail. The key data and observations offered in the study can help market participants and investors identify low-hanging fruit in the market and build growth strategies.
Covid-19 Impact:
COVID-19 has a variable impact in different countries around the world due to the varying number of confirmed cases; countries with a higher number of current cases and deaths have implemented severer lockdown periods or social isolation. Due to the high number of COVID-19 instances in countries like Italy and Spain, demand for smart clothes and other services has decreased. The pandemic's expansion is predicted to have a short-term impact on the market for smart clothes. The smart clothing market, on the other hand, is expected to rise in the post-pandemic period.

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Smart Clothing Market Dynamics:
The market is expected to develop as demand for upper wear such as smart shirts, jackets, and vests increases. A smart shirt may collect physiological data like heart rate, breathing rate, & muscle activity, which can be used to improve professional performance and workout routines. Data is collected in real time and delivered to the accompanying app, which provides information on a variety of sports parameters such as intensity and recovery, calories burnt, exhaustion level, and sleep quality. As a result, throughout the projected period, the increased use of upper wear for various end-user applications is likely to generate possibilities for smart clothing providers.

During the forecast period of 2022 to 2029, the growing demands for monitoring bodily activities using sensors has been boosting the market and is expected to continue to do so. The target market is equally expanding as people become more aware of their health. The growing demand for clothes with sensors to monitor heart rate, blood pressure, & muscle engagement, as well as an increase in workplace injuries and cases of injury during sports activities, as well as increased military and defense sector investments, are all driving the smart clothing market. Furthermore, the growing awareness of fitness among consumers is propelling the target market forward. In addition, throughout the forecast period, increased awareness about the importance of sports and fitness, as well as athletes' shifting propensity toward smart clothing to minimize probable injuries, will fuel numerous growth prospects for the smart clothing market.

Because professional athletes are increasingly adopting smart products, the global market for smart apparel is expected to rise rapidly. Athletes can use smart clothes to avoid injuries and improve their performance. The market is expected to benefit from increased sports budgets and substantial expenditure on smart apparel for athletes. In the year 2017, Under Armor, for example, introduced a sleep and recovery system that included Athlete Recovery sleepwear powered by TB12 & a newer UA Record app experience, all of which were aims to enhance sleep and overall athlete performance. The sleepwear absorbs heat from the user's body and emits infrared light to promote sleep quality and muscle recovery.

The lack of customer awareness regarding smart clothing, as well as the expensive cost of the product, are two main factors limiting smart clothing demand. Furthermore, the technological challenges involved with smart garments pose a hurdle to the market's growth. Demand for smart clothing fell in during the pandemic as a result of the COVID-19 lockdown and other government-imposed limitations.
Smart Clothing Market Segment overview:
Based on product type, the Smart Clothing Market is classified into upper wear, lower wear, innerwear & others. Due to the increased demand for upper wear, like smart shirts, jackets, and vests in the end-use industry, the upper wear sector contributes to the significant market shares in 2021. Smart shirts and jackets not only look nice, but they may also help individuals avoid a variety of health issues such as heart failure, diabetes management, muscular relaxation, and improved overall quality of life. Levi Strauss & Co. and Google recently collaborated on a high-tech jacket.

Based on Textile Type, the Smart Clothing Market is classified into active smart, passive smart and ultra-smart. In the year 2021, the active smart textile had the biggest market share based on textile type. Active smart clothing is becoming more popular in the market due to its wide variety of capabilities & ability to adapt & change functionality in reaction to the external environment. Active smart textile solutions include shape memory materials, phase change materials, and heat sensitive dyes.

Based on End-User Industry, the Smart Clothing Market is classified into fashion & entertainment, healthcare, sports & fitness, and others. In 2021, the sport & fitness sector had the biggest market share based on end-user industry. The market is being driven by the need to reduce sports injuries and improve overall performance of athletes by guaranteeing simple traceability of navigational data and lowering the chance of an accident. Furthermore, throughout the forecast years, the increased demand for monitoring bodily activities via sensors is expected to drive demand for smart apparel in the sport and fitness segment.


Smart Clothing Market Regional Overview:
In the year 2021, the North American region had the most market share. People all around the region are being encouraged to buy smart garments as part of their transition to a healthier lifestyle, both because of increased health and fitness education and because of increased purchasing power. Furthermore, the region's expansion has been spurred by the presence of several players. Tom Brady-endorsed athlete sleepwear was just produced by Under Armour, an American sportswear brand. To go along with the sleepwear, Under Armour also launched an update to its UA Record smartphone app. A novel sleep recovery system uses, a smartphone, a UA Band or a sleep tracking device to measure sleep, analyze sleep quality, and act as a coach to help people improve their sleeping patterns. During the forecast period the APAC market will grow significantly. This is due to the rising popularity of various wearable gadgets, as well as the growing desire for enhanced features in the items. Furthermore, increased security concerns and expanding military & defense budgets in nations like India and China are expected to drive demand for these products.

The report includes PORTER and PESTEL analyses, as well as the potential impact of market microeconomic factors. External & internal factors that are expected to positively or negatively affect the business have been examined, providing a clear future view of the industry.

The report also aids in understanding the Smart Clothing Market dynamics, structure, and size projections by analyzing market segments. A clear representation of competitive analysis of key players in the Smart Clothing Market by product, price, financial position, product portfolio, growth strategies, and regional presence makes the report an investor's guide.
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Global Smart Clothing Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 2.54 Bn.


Forecast Period 2022 to 2029 CAGR:
26.2%
Market Size in 2029:
US $ 16.40 Bn.


 Segments Covered:
by Product Type
• upper wear
• lower wear
• innerwear
• others


by Textile Type
• active smart
• passive smart
• ultra-smart


by End-User Industry
• fashion & entertainment
• healthcare
• sports & fitness
• others


by Connectivity
• Wi-Fi
• Bluetooth
• GPS
• RFID



Smart Clothing Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Smart Clothing Market Key Players

• AiQ Smart Clothing (Taiwan)
• Athos (US)
• Carre Technologies (Canada)
• Sensoria (US)
• Clothing Plus (Finland)
• Cityzen Sciences (France)
• Vulpes Electronics (Japan)
• DuPont (US)
• Wearable X (US)
• Applycon (Czech Republic)
• Toray Industries (Japan)
• Myontec (Finland)
• Myzone (US)
• Siren (US)
• Owlet (US)

Frequently Asked Questions:

1. Which region has the largest share in Global Smart Clothing Market?
Ans: North America region holds the highest share in 2021.

2. What is the growth rate of Global Smart Clothing Market?
Ans: The Global Smart Clothing Market is growing at a CAGR of 26.2% during forecasting period 2022-2029.

3. What is scope of the Global Smart Clothing market report?
Ans: Global Smart Clothing Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Smart Clothing market?
Ans: The important key players in the Global Smart Clothing Market are – AiQ Smart Clothing (Taiwan), Athos (US), Carre Technologies (Canada), Sensoria (US), Clothing Plus (Finland), Cityzen Sciences (France), Vulpes Electronics (Japan), DuPont (US), Wearable X (US), Applycon (Czech Republic), Toray Industries (Japan), Myontec (Finland), Myzone (US), Siren (US) and Owlet (US)

5. What is the study period of this market?
Ans: The Global Smart Clothing Market is studied from 2021 to 2029.