The smart clothing market is expected to record a CAGR of 26.2% during the forecast period 2022-2032, up from US$ 1.6 Billion in the year 2022 to reach a valuation of US$ 5.3 Billion by 2032.
Report Attributes
Details
CAGR
26.2 %
Value (2022)
US$ 1.6 Billion
Value (2032)
US$ 5.3 Billion
The smart clothing market is anticipated to show promising growth prospects in the forecasted period 2022-2032.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
What are the Key Drivers to the Smart Clothing Market Share
Next-generation smart clothing has features such as blood pressure monitors, glucose monitors, ECG monitors, and the like. Advanced textiles and fabrics, incorporated with sensors and hardware, give smart clothes their smart functions. Through Bluetooth or Wi-Fi, these sensors and hardware are connected with an app or program. Medical wearables have revolutionized the healthcare industry. Wearable health monitors help reduce reliance on costly equipment for medical treatment and provide a convenient and easy way to monitor your health.
Because smart clothing garments come into direct contact with about 90% of the surface of the skin, smart sensors integrated into the clothing can provide home and ambulatory health monitoring solutions. The growth of the smart clothing market is being driven by the increasing prevalence of chronic diseases, such as diabetes, heart disease, cancer, and respiratory disorders.
However, healthcare companies' unwillingness to invest in research into smart clothing, low awareness of smart garments, and the high cost of smart garments are some of the factors that hamper the growth of the smart clothing market.
Which Region holds the Highest Growth Potential in the Smart Clothing Market
Smart clothing is already being used in military uniforms to track and detect soldiers' locations, do environmental monitoring, and improve soldiers' health. Military organisations are collaborating with government agencies and top corporations to create and fund smart apparel.
Among the regional presence, North America and Europe are expected to record a steady growth rate during the forecast period. Whereas, the Asia Pacific refrigeration monitoring markets are expected to record strong option rates in the coming years.
Find your sweet spots for generating winning opportunities in this market.
How is the Competitive Landscape in the Smart Clothing Market
To get a greater part of the smart clothing market, players are focusing on new product launches and sophisticated technology.
The smart clothing business in the world is incredibly varied. The smart clothing business in the world is incredibly varied. The demand for smart clothing is becoming increasingly popular for fitness purposes all across the globe. This is because it allows users to track running distance, breathing rates, and heart rates via sensors.
Because of the rising demand for fitness and health tracking wearable apparel in this region, North America leads the smart clothing industry. Europe is predicted to rise from 2020 to 2027, thanks to the widespread acceptance of smart clothing among fitness and sports enthusiasts in the region.
Examples of some of the market participants in the global smart clothing market identified across the value chain include Hexoskin; Under Armour; Microsoft; Google and others.
Scope of Report
Report Attribute
Details
Growth rate
CAGR of 26.2% from 2022 to 2032
Base year for estimation
2021
Historical data
2020 - 2028
Forecast period
2022 - 2032
Quantitative units
Revenue in US$ million/billion and CAGR from 2022 to 2032
Report coverage
Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
Products, Types, End-User & Region.
Regional scope
North America (U.S., Canada); Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM); Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Eastern Europe, Rest of Europe); East Asia (China, Japan, South Korea); South Asia (India, Indonesia, Malaysia, Thailand, Rest of South Asia); Oceania (Australia, New Zealand); Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)
Country scope
U.S., Canada, Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM, Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Eastern Europe, Rest of Europe, China, Japan, South Korea, India, Indonesia, Malaysia, Thailand, Rest of South Asia, Australia, New Zealand, GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA.
Key companies profiled
Hexoskin; Under Armour; Microsoft; Google and others.
Customization scope
Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
Avail customized purchase options to meet your exact research needs.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need and save 40%!
Key Segments Profiled in Smart Clothing Market
By Products:
Shirts
Pants
Shoes
others
By Types:
Active smart textiles
Passive smart textiles
Advanced smart textiles
By End-Users:
Healthcare
Defence
Sports
Others
Frequently Asked Questions
What is the Growth Outlook for the Smart Clothing Market?
The smart clothing market is expected to record a CAGR of 26.2% during the forecast period 2022-2032, up from US$1.6 Billion in the year 2022 to reach a valuation of US$5.3 Billion by 2032
Who are the Key Players in the Smart Clothing Market?
Key players holding substantial market share include Hexoskin; Under Armour; Microsoft; Google and others.
What is the Future of the Smart Clothing Market?
As per the analysis, the smart clothing market share is likely to be US$5.3 Billion by 2032.
Which is the Key Driver in the Smart Clothing Market?
Demand for the smart clothing market is fueled by chronic diseases such as diabetes, heart disease, cancer, and respiratory disorders.
