Global Smart Clothing Market

Smart Clothing Market Size, Share, Growth Analysis, By Textile Type (Active Smart, Passive Smart, Ultra Smart), By Product Type(Upper Wear, Lower Wear, Innerwear, Others), By Distribution  Channel(Offline, Online), By End Use Industry(Military & Defense, Sports & Fitness, Fashion & Entertainment, Healthcare), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45I2183 | Region: Global | Published Date: July, 2024
Pages: 197 | Tables: 110 | Figures: 78

Smart Clothing Market Dynamics

Drivers

Increase in Demand

  • The Smart Clothing market experiences growth driven by a high demand from professional athletes which ultimately will increase the adoption of smart clothing therefore is a significant contributing factor to the market's expansion. 
  • During the heavy load sessions of the workout and training period there is a chance to get injury, so to prevent those injuries data analysis tools like pattern recognition, machine learning and statistical measures are made to know the influence on the players performance by effectively scheduling them. For instance, in 2018, DuPont launched Intexar smart clothing technology that enables correction of the work, and regular monitoring, which has influenced the consumers to buy smart clothes. Additionally, the growth in electronic devices in day-to-day life is another factor for expanding the Smart Clothing market size. It is being claimed as the next big market move for IoT. Therefore, the sector's continuous integration of IoT within the market will effectively enhance the overall scope of the market.

Growth of Healthcare Sector

  • The increasing demand for global telemonitoring and telemedicine in healthcare is a vital factor that is contributing to the adoption of smart clothing globally. For instance, according to WHO, mobile health will be soon embraced by 90% of the population by 2030. Smart clothes play a key role in monitoring the heart rate, breathing and body temperature of the wearer. This adoption will be cost effective for patients and reduce the frequent number of hospital visits, thus encouraging more active lifestyles. The growing trend in the healthcare sector of telemedicine and remote monitoring of the patient presents significant opportunities for the Smart Clothing market.

Restraints

High Production Cost

  • However, smart clothes' high production cost is one of the major factors that is expected to hinder the global clothing market's growth. Integrating electronics into textiles can be expensive due to specialized materials and manufacturing processes, which makes it challenging for E-Textiles and Smart Clothing to be widely adopted.

Challenges

Lack of Consumer Awareness and Technology Advancement 

  • The lack of customer awareness regarding smart clothing is another factor limiting smart clothing demand.  
  • Furthermore, the technological challenges involved with smart garments pose a hurdle to the market's growth. Demand for smart clothing fell during the pandemic because of the COVID-19 lockdown and other government-imposed limitations.
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FAQs

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 highly competitive and characterized by the presence of several key players. Leading companies have been using a combination of product launches, expansions, mergers and acquisitions, contracts, agreements, partnerships, and collaborations as their main strategies to grow and expand their market share. A variety of strategies have been used by the companies to strengthen their position and aim to penetrate the market effectively.  'Ancol Pet Products Limited AiQ Smart Clothing', 'Sensoria, Inc.', 'Vulpés Electronics GmbH', 'DuPont de Nemours, Inc.', 'WEARABLE X.', 'TORAY INDUSTRIES, INC.', 'Myontec', 'Myzone Limited', 'Siren Care, Inc.', 'Owlet Baby Care, Inc.', 'Clothing Plus Ltd.', 'Interactive Wear AG', 'Infinite Corridor Technology (Infinite Water)', 'International Business Machines Corporation (IBM)', 'Sensatex AG', 'du Pont de Nemours and Company (DuPont)', 'Adidas AG', 'Ohmatex ApS', 'Hexoskin', 'Under Armour Inc.', 'Myant Inc.'

The Smart Clothing market experiences growth driven by a high demand from professional athletes which ultimately will increase the adoption of smart clothing therefore is a significant contributing factor to the market's expansion. 

Increased integration of Health Monitoring Features: Smart clothing is increasingly incorporating advanced health monitoring features such as heart rate monitoring, ECG monitoring, temperature sensing, and activity tracking. This trend is driven by the growing demand for wearable health and fitness tracking devices.

North America dominated with the largest revenue share of over 39.6% in 2023. The dominance is attributed to the region's advancement in smart clothing technologies and presence of key players like Sensoria. The notable growth is further driven by the increasing demand for smart clothing, especially from the military sector. The military is adopting and adapting smart textile technologies to create battle-ready uniforms, providing a distinct advantage in the field. These uniforms are equipped with in-built sensors that monitor crucial metrics such as muscle data, temperature, heart rate and respiration rates and even can identify wounds to assess a soldier's health.

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Global Smart Clothing Market

Report ID: SQMIG45I2183

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