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Smart Clothing Market Share

Name: Smart Clothing Market Forecast 2024 | Global Industry Report
Creator: Global Market Insights
License: https://www.gminsights.com/privacy-policy

Report ID: GMI2016
Published Date: Aug 2017
Report Format: PDF

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Smart Clothing Market Share

Key players in the market include :

Athos
Catapult Sports Pty Ltd
Heddoko Inc
Hexoskin
Lumo Bodytech Inc
Ralph Lauren
OMSignal
Sensoria Inc

The industry is forecast to witness intensive competition owing to increasing rate of new entrants. The industry players are collaborating with various sports associations and government institutions to gain eminence. In addition, various technology companies are focusing on diversifying their services by building partnerships with clothing firms.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of smart clothing was valued USD 179 million in 2016.

The industry share of smart clothing is projected to witness more than 50% growth rate during 2017 to 2024.

Increasing investments by various sports associations to eliminate the possibility of any preventable injuries to highly paid professional athletes is expected to fuel the U.S. industry growth.

The smart t-shirts segment will grow significantly with over 50% CAGR till 2024 as these t-shirts provide biometric data such as heart rate, breathing rate & volume, and muscle activity.

Military & defense applications are predicted to expand at 55% during the forecast period, says this research report by Global Market Insights, Inc.

Key players in the market include Athos, Catapult Sports Pty Ltd, Heddoko Inc., Hexoskin, Lumo Bodytech Inc., Ralph Lauren, OMSignal, and Sensoria Inc.