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PUBLISHER: SkyQuest | PRODUCT CODE: 1522911

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PUBLISHER: SkyQuest | PRODUCT CODE: 1522911

Smart Clothing Market Size, Share, Growth Analysis, By Textile Type, By Product Type, By Distribution Channel, By End Use Industry, By Region - Industry Forecast 2024-2031

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Smart Clothing Market size was valued at USD 3.2 Billion in 2022 and is poised to grow from USD 3.8 Billion in 2023 to USD 26.70 Billion by 2031, at a CAGR of 27.60% during the forecast period (2024-2031).

The Smart Clothing Market is experiencing significant growth, particularly in the sports and healthcare sectors, driven by increasing awareness of health and fitness. These advanced garments, known as high-tech clothing, smart wear, electronic fabrics, or smart textiles, are equipped with features like biometric monitoring, activity tracking, and performance enhancement, enabling users to monitor health metrics, improve workouts, and promote overall well-being. The demand for real-time health monitoring and a healthy lifestyle is fueling the adoption of smart clothing, which can now monitor heart rate, temperature, muscle rigidity, and pulse rate thanks to advances in wearable sensors, textile technology, and data analytics. This real-time biometric data is particularly valuable for athletes and fitness enthusiasts, helping to refine training regimens, reduce injury risk, and enhance performance. Additionally, smart clothing offers feedback on posture, technique, and form, allowing users to adjust and improve their exercise routines. Integration with wearable devices and mobile apps creates a comprehensive fitness ecosystem, providing personalized insights and guidance for optimizing health goals.

Top-down and bottom-up approaches were used to estimate and validate the size of the Smart Clothing Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Smart Clothing Market Segmental Analysis

The smart clothing market is segmented on the basis of textile type, product type, distribution channel, end-use industry, and region. By 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 distribution channel, the market is segmented into offline and online. Based on end user, the market can be segmented into military & defense, sports & fitness, fashion & entertainment, healthcare, mining, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Drivers of the Smart Clothing Market

The Smart Clothing market is expanding due to increasing demand among professional athletes, driving greater adoption of these technologies. This trend significantly contributes to the market's growth. To prevent injuries during intense workout sessions, advanced data analysis tools such as pattern recognition, machine learning, and statistical measures are employed to assess and optimize player performance, thereby enhancing scheduling effectiveness. For example, DuPont introduced Intexar smart clothing technology in 2018, enabling real-time correction and continuous monitoring, which has spurred consumer interest in smart apparel. Furthermore, the proliferation of electronic devices in daily life is further propelling the Smart Clothing market, positioning it as a pivotal area for IoT growth. The sector's ongoing integration of IoT technologies is expected to significantly broaden the market's scope and potential.

Restraints in the Smart Clothing Market

The high production costs associated with smart clothes are a significant barrier expected to impede the global clothing market's expansion. The integration of electronics into textiles involves specialized materials and manufacturing processes, driving up expenses and complicating widespread adoption of E-Textiles and Smart Clothing. Additionally, limited consumer awareness and technological advancements present further challenges to the market. During the COVID-19 pandemic, demand for smart clothing declined due to lockdowns and governmental restrictions, exacerbating these existing hurdles.

Market Trends of the Smart Clothing Market

Smart clothing is evolving with enhanced health monitoring capabilities including heart rate monitoring, ECG monitoring, temperature sensing, and activity tracking, responding to the rising consumer interest in wearable health and fitness tracking devices. Concurrently, the smart clothing market is witnessing a shift towards sustainable and eco-friendly materials in manufacturing. This trend reflects a growing consumer awareness and preference for smart garments crafted from recycled materials or organic fibers, underscoring a broader commitment to environmental responsibility in fashion technology.

Product Code: SQMIG45I2183

Table of Contents

Introduction

  • Objectives of the Study
  • Definitions
  • Market Scope

Research Methodology

  • Information Procurement
  • Secondary & Primary Data Sources
  • Market Size Estimation
  • Market Assumptions & Limitations

Executive Summary

  • Market Overview Outlook
  • Supply Demand Trend Analysis
  • Segmental Opportunity Analysis

Market Dynamics & Outlook

  • Market Dynamics
    • Drivers
    • Opportunities
    • Restraints
    • Challenges
  • Porters Analysis
    • Competitive rivalry
    • Threat of Substitute Products
    • Bargaining Power of Buyers
    • Threat of New Entrants
    • Bargaining Power of Suppliers

Key Market Insights

  • Technology Analysis
  • Regulatory Landscape
  • Patent Analysis
  • Key Success Factors
  • Market Attractiveness Index
  • Degree of Competition
  • Top Investment Pockets
  • Ecosystem Mapping

Smart Clothing Market by Textile Type

  • Market Overview
  • Active Smart
  • Passive Smart
  • Ultra Smart

Smart Clothing Market by Product Type

  • Market Overview
  • Apparel
  • Footwear
  • Wearable Patches
  • Others

Smart Clothing Market by Distribution Channel

  • Market Overview
  • Offline
  • Online

Smart Clothing Market by End User

  • Market Overview
  • Military & Defense
  • Sports & Fitness
  • Fashion & Entertainment
  • Healthcare
  • Mining
  • Others

Smart Clothing Market Size by Region

  • Market Overview
  • North America
    • USA
    • Canada
  • Europe
    • Germany
    • Spain
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

  • Top 5 Player Comparison
  • Market Positioning of Key Players, 2023
  • Strategies Adopted by Key Market Players
  • Recent Activities in the Market
  • Key Companies Market Share (%), 2023

Key Company Profiles

  • Ancol Pet Products Limited
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • AiQ Smart Clothing
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Sensoria, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Vulpes Electronics GmbH
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • DuPont de Nemours, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • WEARABLE X.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • TORAY INDUSTRIES, INC.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Myontec
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Myzone Limited
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Siren Care, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Owlet Baby Care, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Clothing Plus Ltd.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Interactive Wear AG
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Infinite Corridor Technology (Infinite Water)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • International Business Machines Corporation (IBM)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Sensatex AG
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • I. du Pont de Nemours and Company (DuPont)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Adidas AG
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Ohmatex ApS
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Hexoskin
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Under Armour Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Myant Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
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