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Smart Clothing Market Size

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 Size

Smart Clothing Market size surpassed USD 150 million and is poised to register over 48% growth between 2017 and 2024. Growing use of smart clothing across various industrial verticals such as sports & fitness, healthcare, military & defense, etc. is driving the market globally

Gradual rise in the number of sports injuries coupled with increased spending in military & defense sector across various countries to protect soldiers from potential injuries present significant growth opportunities for the market revenue.

Germany Smart Clothing Market

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The rising demand for monitoring body activities through sensors along with growing awareness among individuals regarding fitness is expected to surge the smart clothing industry demand. In addition, the inclination of athletes towards the use of these products to prevent injuries and optimize their performance will have a positive impact on the business.

Smart Clothing Market Report Attributes
Report Attribute	Details
Base Year:	2016
Smart Clothing Market Size in 2016:	179 Million (USD)
Forecast Period:	2017 to 2024
Forecast Period 2017 to 2024 CAGR:	50%
2024 Value Projection:	4 Billion (USD)
Historical Data for:	2013 to 2016
No. of Pages:	180
Tables, Charts & Figures:	207
Segments covered:	Product, Application and Region
Growth Drivers:	Rising health awareness in Europe Increasing sports injuries in the U.S. Increasing use by professional sport teams North America & Brazil Increasing workplace injuries in Asia Pacific & MEA Advancements in sensor technology in China and Taiwan Adoption of smart uniforms in various industry verticals in North America & Europe Rising adoption in military & defense in North America & Asia Pacific
Pitfalls & Challenges:	High cost Technological challenges Data privacy concerns Lack of customer awareness

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High cost associated with the products followed by lack of awareness is expected to hinder the market growth over the forecast timespan. Moreover, the factors which might limit the industry demand include technical challenges such as device power & sensor inaccuracy and data privacy issues.

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.