Smart Clothing Market Overview By Growth Analysis And Region...| MENAFN.COM

Thursday, 11 August 2022 05:58 GMT

Smart Clothing Market Overview By Growth Analysis And Regional Demand Insights 2024

(MENAFN- Ameliorate Digital Consultancy)

Estimates suggest that global smart clothing market revenue to cross USD 4 billion by 2024. The proliferation of wearables depicts an increase in demand for remote monitoring of patients. Wearable tech is poised to provide significant growth opportunities to the overall healthcare industry. Wearable textile can sense, react, and adapt themselves according to the external conditions and blend seamlessly to offer the functionality of smart devices in an optimized way.

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With increasing adoption of smart products by professional athletes to enhance the performance level, smart clothing market trends are gaining considerable momentum in the category of smart and future wearables technology. Owing to the rising contract costs of athletes, the sports associations are investing massively on these products in order to enhance player performance and eliminate any type of injuries.

Reports estimate that sports and fitness applications are anticipated to hold a commendable share over the forecast period. From uniforms to gloves, helmets and pads, sporting equipment is now more high-tech and functioning. The advancements of technology have provided a convenient opportunity for athletes to be able to enhance their skills as well as allow them to monitor their fitness level. Tremendous focus of governments in promoting regional sports teams as well as growing preference of users towards adoption health-promoting apparel will fuel smart clothing market outlook, from demand for t-shirts and shoes.

Smart uniforms are specifically designed to shield soldiers from hazards like chemical weapons and viruses due to the strong functionality and there is rising adoption of smart uniforms in military and defense sector. Moreover, the ongoing research and advancements in sensor technology will prove to be reliable sources that can aid smart clothing technology in a better way.

The U.S. smart clothing market is likely to grow noticeably owing to the rising investments by several sports clubs to boost the efficacy level of the players. Advances in technology have allowed athletes to monitor functional movements, maximize performance, and minimize injury detection. Several large-scale companies and regional governments are spending massively in smart clothing to make military uniforms that are technologically sound and can provide insights on the injuries, health of soldiers, and among others. U.S. is also considered to be the leading spender on defense and military projects, indicating strong regional potential for smart clothing providers.

As governments and manufacturers are looking for ways to enhance soldier health and safety without a major increase in production costs, smart clothing market is projected to register commendable gains in the coming years.

Growing awareness regarding fitness and the mounting demand for monitoring body vitals such as heart rate and blood pressure is anticipated to stimulate smart clothing industry share. This type of clothing is extensively being explored by healthcare companies to develop a novel wearable solution and provide consumers and healthcare professionals with more product options.

Many medical device manufacturers are actively engaging in researching and monitoring smart clothing pilot projects that can track chronic diseases and help patients to know their health status efficiently. Rapid urbanization along with increasing consumer participation in health and fitness clubs is expected to positively favor smart clothing market size over the estimated timeline.

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Partial Chapter of the Table of Content

Charts & Figures

FIG. 1 Industry segmentation

FIG. 2 Global smart clothing market, 2013-2024 (Volume & Revenue)

FIG. 3 Industry ecosystem analysis

FIG. 4 Growth potential analysis

FIG. 5 Porter's analysis

FIG. 6 Competitive landscape, 2016

FIG. 7 PESTEL analysis

FIG. 7 Smart clothing market share by product, 2016 & 2024

FIG. 9 Market share by application, 2016 & 2024

FIG. 10 Market share by region, 2016 & 2024

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