Global Smart Shoes Market

Smart Shoes Market Size, Share, Growth Analysis, By Product Type(Smart Walking Shoes, Smart Running Shoes, Smart Sports Shoes), By Distribution channel(Supermarket/Hypermarket, Specialty Store, Online Store), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25L2014 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 63 | Figures: 70

Smart Shoes Market News

  • In 2021, Under Armour's Curry Brand unveiled a collection of seven footwear called the Curry Flow 9 shoes.
  • In 2023, Ajanta Shoes introduced their AI-inspired smart shoe, named Impakto, which proudly holds the distinction of being the first 'Made in India' smart footwear.
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Smart Shoes Market size was valued at USD 162.38 billion in 2021 and is poised to grow from USD 175.03 billion in 2022 to USD 341.16 billion by 2030, growing at a CAGR of 8.70% in the forecast period (2023-2030).

The smart shoes market features a competitive landscape with numerous companies vying for market share. Numerous innovative players are introducing cutting-edge technologies such as sensors, Bluetooth integration, navigation trackers, and self-lacing techniques. The market is witnessing steady growth due to increasing consumer demand for fitness tracking and advanced wearable technologies. As the adoption of smart gadgets rises and disposable incomes increase, the smart shoes market is expected to witness further expansion. Companies are continuously investing in research and development to create smarter and more user-friendly footwear, enhancing the overall consumer experience in the fitness and tech sectors. 'Nike, Inc. (U.S.)', 'Puma SE (Germany)', 'Adidas AG (Germany)', 'Bata Brand (India)', 'Honeywell International Inc. (U.S.)', 'New Balance (U.K.)', 'ELTEN GmbH (Germany)', 'Uvex group (Germany)', 'Xiaomi (China)', 'Oftenrich Holdings Co. Ltd. (U.S.)', 'Wolverine World Wide Inc. (U.S.)', 'Hewat's Edinburgh (U.K.)', 'W. L. Gore & Associates, Inc. (U.S.)', 'Sunflower Industrial Group Co.,Ltd (China)', 'HILLSON FOOTWEAR PVT. LTD (India)'

Continuous advancements in sensor technology, connectivity, and miniaturization have led to more sophisticated and affordable smart shoe solutions. These innovations enhance the functionality and user experience of smart shoes, attracting more consumers to adopt this technology.

Integration of Health and Fitness Monitoring

The smart shoes market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Among these regions, “North America” emerged as the leader and a dominant region in the Smart Shoes Market. The country's advanced technological infrastructure, high disposable incomes, and a growing interest in fitness and wellness have driven the demand for smart shoes. Additionally, the presence of key market players and continuous product innovations has contributed to the significant market share of the United States in the smart shoes segment.

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Global Smart Shoes Market

Report ID: SQMIG25L2014

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