Smart Clothing Market

Smart Clothing Market by Textile Type, Product Type (Upper Wear, Lower Wear, Innerwear, and Others), End-User Industry (Military & Defense, Sports & Fitness, Fashion & Entertainment, Healthcare), and Geography - Global Forecast to 2024

Report Code: SE 7437 Nov, 2019, by marketsandmarkets.com

The overall smart clothing market is likely to grow from USD 1.6 billion in 2019 to USD 5.3 billion by 2024; it is expected to grow at a CAGR of 26.2% from 2019 to 2024. The market is driven by rising demand for monitoring bodily activities through sensors and increasing the adoption of smart clothes for various end-user industries. Growing awareness about the need for sports & fitness is expected to provide substantial growth opportunities to players in this market.

Smart Clothing Market

“Smart clothing market for active smart textile to hold the largest share of the market.”

Active smart textile holds the largest share of the smart clothing market. Active smart types have the ability to sense and react to the stimuli; this property helps in many applications in most of the end-user industries; for instance, phase-change materials are used for heat storage and transfer. This type is used to produce outfits used in sports, firefighting, defense (bulletproof jackets), and other professions. Textile products can be made more comfortable when a textile material can react to the environment. Thus, the market for active smart textiles has grown rapidly in recent years.

“Smart clothing market for upper wear product growing at the highest CAGR during the forecast period.”

The increasing demand for upper wear, such as smart shirts, jackets, and vests, creates growth opportunities for the market. A smart shirt can provide biometric data such as heart rate, breathing rate, and muscle activity, which are utilized to optimize performance and workout plans professionally. Data is captured in real-time and is sent to all the companion app, providing insights on a range of sporty metrics, including intensity and recovery, calories burned, fatigue level, and sleep quality. Hence, the increasing use of upper wear for various end-user applications is expected to provide opportunities for the smart clothing providers during the forecast period.

“Smart clothing market for sports & fitness end-user industry to grow at the highest CAGR during the forecast period.”

The sports & fitness end-user industry is expected to grow at a high rate for the smart clothing market. Sensors are already being used in clothing lines and innerwear, such as heart rate monitoring sports bras and heated underwear. There is an increasing demand for smart innerwear from the sport & fitness industry due to the growing use of sports bras that record running distance, breathing rates, and heart rates with the help of sensors. Hence, the market for innerwear for the sports & fitness industry is projected to witness significant growth in the coming years.

Smart Clothing Market

“Smart Clothing Market in North America to grow at a significant rate during the forecast period.”

North America is expected to hold the largest share of the smart clothing market during the forecast period due to the growing demand for fitness and health tracking wearable clothes in the region. Also, North America is a major hub for technological innovation and new technologies. In North America, the increase in R&D in smart clothing, in terms of new and improved technologies, and the rising demand for improved lifestyle are the two crucial factors driving the market in this region.

Key Market Players

Smart clothing market is dominated currently by AiQ Smart Clothing (Taiwan), Athos (US), Carre Technologies (Canada), Sensoria (US), Clothing Plus (Finland), Cityzen Sciences (France), Vulpes Electronics (Japan), DuPont (US), Wearable X (US), Applycon (Czech Republic), Toray Industries (Japan), Myontec (Finland), Myzone (US), Siren (US), and Owlet (US). A few of the significant strategies adopted by these players to compete in the market include product launches and developments, collaboration, and partnerships.

Scope of the Report:

Report Metric

Details

Report Name

Smart Clothing Market

Base year

2018

Forecast period

2019–2024

Units

Value (USD Million/Billion)

Segments covered

Textile Type, Product Type, End-User Industry, and Region

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

AiQ Smart Clothing (Taiwan), Athos (US), Carre Technologies (Canada), Sensoria (US), Clothing Plus (Finland), Cityzen Sciences (France), Vulpes Electronics (Japan), DuPont (US), Wearable X (US), Applycon (Czech Republic), Toray Industries (Japan), Myontec (Finland), Myzone (US), Siren (US), and Owlet (US).

This report categorizes the market based on textile type, product type, end-user industry, and region.

Smart Clothing Market By Textile Type:

  • Active Smart
  • Passive Smart
  • Ultra-Smart

Smart Clothing Market By Prodeuct Type

  • Upper Wear
  • Lower Wear
  • Innerwear
  • Others (socks, beanie, gloves, and hats)

Smart Clothing Market By End-User Industry:

  • Military & Defense
  • Sports & Fitness
  • Fashion & Entertainment
  • Healthacre
  • Mining
  • Others (construction, transportation, and automotive)

Smart Clothing Market By Geography

  • North America
    • US
    • Canada
    •  Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe (Russia, the Netherlands, Spain, Finland, and other Eastern European countries,)
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC (Taiwan, Australia, the Philippines, Indonesia, Singapore, Malaysia, Thailand, Singapore, and Vietnam)
  • Rest of the World (RoW)
    • The Middle East and Africa
    • South and Central America

Key questions addressed by the report

  • Where will all these developments take the industry in the mid-to-long term?
  • What are the upcoming trends in this market?
  • What are the opportunities for various players who exist at present and are planning to enter at different stages of the value chain?
  • How inorganic growth strategies implemented by key players will impact the growth rate of the market, and who will have the undue advantage?
  • What are the current investment trends in the smart clothing market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Study Objectives
    1.2 Definition
           1.2.1 Inclusions and Exclusions
    1.3 Study Scope
           1.3.1 Markets Covered
    1.4 Years Considered
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Major Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Breakdown of Primaries
                    2.1.2.3 Key Data From Primary Sources
                    2.1.2.4 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing the Market Size By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing the Market Size By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities for the Smart Clothing Market
    4.2 Market, By Product Type
    4.3 Market, By End-User Industry and Country
    4.4 Geographic Snapshot of the Market

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rising Demand for Monitoring Bodily Activities Through Sensors
                    5.2.1.2 Increasing Adoption of Smart Clothes for Various End-User Industries
           5.2.2 Restraints
                    5.2.2.1 High Cost of Products
           5.2.3 Opportunities
                    5.2.3.1 Growing Awareness About the Need for Sports & Fitness
           5.2.4 Challenges
                    5.2.4.1 Technical Complications

6 Smart Clothing Market, By Textile Type (Page No. - 39)
    6.1 Introduction
    6.2 Active Smart
           6.2.1 Sports and Fitness Segment to Grow at Highest CAGR in the Forecast Period
    6.3 Passive Smart
           6.3.1 Military and Defense to Occupy the Largest Share in the Market
    6.4 Ultra-Smart
           6.4.1 Sports and Fitness to Occupy the Largest Share for Ultra Smart Clothing

7 Smart Clothing Market, By Product Type (Page No. - 45)
    7.1 Introduction
    7.2 Upper Wear
           7.2.1 Upper Wear Segment to Account for the Largest Share
    7.3 Lower Wear
           7.3.1 Lower Wear Segment to Capture A Significant Share for Sports & Fitness During Forecast Period
    7.4 Innerwear
           7.4.1 Market for Innerwear Projected to Be the Largest for Military & Defense During Forecast Period
    7.5 Others

8 Smart Clothing Market, By End-User Industry (Page No. - 52)
    8.1 Introduction
    8.2 Military & Defense
           8.2.1 Upper Wear Segment to Dominate the Market for Military & Defense During the Forecast Period
    8.3 Sports & Fitness
           8.3.1 Market for Sports & Fitness in the APAC Region to Grow at the Highest CAGR
    8.4 Fashion & Entertainment
           8.4.1 North America to Dominate the Fashion & Entertainment Vertical During the Forecast Period
    8.5 Healthcare
           8.5.1 APAC to Register the Highest Growth Rate for Healthcare
    8.6 Mining
           8.6.1 North America to Dominate the Market During the Forecast Period
    8.7 Others
           8.7.1 APAC to Grow at the Highest CAGR for Verticals Such as Construction, Transportation, and Automotive

9 Smart Clothing Market, By Region (Page No. - 83)
    9.1 Introduction
    9.2 North America
           9.2.1 US
                    9.2.1.1 Presence of Leading Smart Clothing Manufacturers in North America Driving the Market Growth in the US
           9.2.2 Canada
                    9.2.2.1 Growth of the IoT Platform and Its Related Components Propelling the Growth of the Market
           9.2.3 Mexico
                    9.2.3.1 Rising Adoption of New and Innovative New Technologies in Manufacturing Processes Propelling the Growth of the Market
    9.3 Europe
           9.3.1 Germany
                    9.3.1.1 Advancements in Wearable Technology, Growing Awareness, and Inclination Toward Smart Clothing to Drive the Market During the Forecast Period
           9.3.2 UK
                    9.3.2.1 Adoption of Smart Clothes for the Sports & Fitness Industry Driving Market Growth in the UK
           9.3.3 France
                    9.3.3.1 Increasing Demand for Portable Electronic Products From the Healthcare Industry
           9.3.4 Italy
                    9.3.4.1 Increasing Demand for Fitness Bands and Health Monitoring Wearables to Drive the Market During the Forecast Period
           9.3.5 Rest of Europe
    9.4 Asia Pacific
           9.4.1 China
                    9.4.1.1 China to Witness Rapid Growth in the Global Market During the Forecast Period
           9.4.2 Japan
                    9.4.2.1 Japan Witnesses the Highest Demand for Smart Clothes From the Military & Defense Industry
           9.4.3 India
                    9.4.3.1 Health Monitoring to Be A Market Driver in the Country in the Coming Years
           9.4.4 South Korea
                    9.4.4.1 Upgradation of Technology and Innovation Driving the Market in South Korea
           9.4.5 Rest of Asia Pacific
    9.5 Rest of the World (RoW)
           9.5.1 South and Central America
                    9.5.1.1 Brazil Propelling the Market in the Region
           9.5.2 Middle East and Africa (MEA)
                    9.5.2.1 Multiple Factors Driving the Market in the Middle East & Africa

10 Competitive Landscape (Page No. - 106)
     10.1 Introduction
     10.2 Market Player Ranking Analysis
     10.3 Competitive Leadership Mapping
             10.3.1 Visionary Leaders
             10.3.2 Dynamic Differentiators
             10.3.3 Innovators
             10.3.4 Emerging Companies
     10.4 Competitive Benchmarking
             10.4.1 Strength of Product Portfolios (15 Companies)
             10.4.2 Business Strategy Excellence (15 Companies)
     10.5 Competitive Scenario
     10.6 Competitive Situations & Trends
             10.6.1 Product Launches/Developments
             10.6.2 Collaborations/Partnerships

11 Company Profiles (Page No. - 113)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
     11.1 Key Companies
             11.1.1 AIQ Smart Clothing
             11.1.2 Athos
             11.1.3 Carre Technologies Inc (Hexoskin)
             11.1.4 Sensoria Inc.
             11.1.5 Cityzen Sciences
             11.1.6 Applycon S.R.O.
             11.1.7 Clothing Plus
             11.1.8 Dupont
             11.1.9 Vulpes Electronics
             11.1.10 Wearable X
     11.2 Other Key Companies
             11.2.1 Myontec
             11.2.2 Myzone
             11.2.3 Owlet
             11.2.4 Siren
             11.2.5 Toray Industries, Inc.

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 133)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Available Customization
     12.4 Related Reports
     12.5 Author Details


List of Tables (102 Tables)

Table 1 Smart Clothing Market Size, By Textile Type, 2016–2024 (USD Million)
Table 2 Market Size for Active Smart Textiles, By End-User Industry, 2016–2024 (USD Million)
Table 3 Market Size for Passive Smart Textiles, By End-User Industry, 2016–2024 (USD Million)
Table 4 Market Size for Ultra-Smart Textiles, By End-User Industry, 2016–2024 (USD Million)
Table 5 Market Size, By Product Type, 2016–2024 (USD Million)
Table 6 Market Size for Upperwear, By End-User Industry, 2016–2024 (USD Million)
Table 7 Market Size for Lower Wear, By End-User Industry, 2016–2024 (USD Million)
Table 8 Market Size for Innerwear, By End-User Industry, 2016–2024 (USD Million)
Table 9 Market Size for Other Product Types, By End-User Industry, 2016–2024 (USD Million)
Table 10 Market Size, By End-User Industry, 2016–2024 (USD Million)
Table 11 Market Size for Military & Defense, By Product Type, 2016–2024 (USD Million)
Table 12 Market Size for Military & Defense, By Region, 2016–2024 (USD Million)
Table 13 North America: Market Size for Military & Defense, By Country, 2016–2024 (USD Million)
Table 14 Europe: Market Size for Military & Defense, By Country, 2016–2024 (USD Million)
Table 15 Asia Pacific: Market Size for Military & Defense, By Country, 2016–2024 (USD Million)
Table 16 RoW: Market Size for Military & Defense, By Region, 2016–2024 (USD Million)
Table 17 Market Size for Military & Defense, By Textile Type, 2016–2024 (USD Million)
Table 18 North America: Market Size for Military & Defense, By Textile Type, 2016–2024 (USD Million)
Table 19 Europe: Market Size for Military & Defense, By Textile Type, 2016–2024 (USD Million)
Table 20 Asia Pacific: Market Size for Military & Defense, By Textile Type, 2016–2024 (USD Million)
Table 21 RoW: Market Size for Military & Defense, By Textile Type, 2016–2024 (USD Million)
Table 22 Market Size for Sports & Fitness, By Product Type, 2016–2024 (USD Million)
Table 23 Market Size for Sports & Fitness, By Region, 2016–2024 (USD Million)
Table 24 North America: Market Size for Sports & Fitness, By Country, 2016–2024 (USD Million)
Table 25 Europe: Market Size for Sports & Fitness, By Country, 2016–2024 (USD Million)
Table 26 Asia Pacific: Market Size for Sports & Fitness, By Country, 2016–2024 (USD Million)
Table 27 RoW: Market Size for Sports & Fitness, By Region, 2016–2024 (USD Million)
Table 28 Market Size for Sports & Fitness, By Textile Type, 2016–2024 (USD Million)
Table 29 North America: Market Size for Sports & Fitness, By Textile Type, 2016–2024 (USD Million)
Table 30 Europe: Market Size for Sports & Fitness, By Textile Type, 2016–2024 (USD Million)
Table 31 Asia Pacific: Market Size for Sports & Fitness, By Textile Type, 2016–2024 (USD Million)
Table 32 RoW: Market Size for Sports & Fitness, By Textile Type, 2016–2024 (USD Million)
Table 33 Market Size for Fashion & Entertainment, By Product Type, 2016–2024 (USD Million)
Table 34 Market Size for Fashion & Entertainment, By Region, 2016–2024 (USD Million)
Table 35 North America: Market Size for Fashion & Entertainment, By Country, 2016–2024 (USD Million)
Table 36 Europe: Market Size for Fashion & Entertainment, By Country, 2016–2024 (USD Million)
Table 37 Asia Pacific: Market Size for Fashion & Entertainment, By Country, 2016–2024 (USD Million)
Table 38 RoW: Market Size for Fashion & Entertainment, By Region, 2016–2024 (USD Million)
Table 39 Market Size for Fashion & Entertainment, By Textile Type, 2016–2024 (USD Million)
Table 40 North America: Market Size for Fashion & Entertainment, By Textile Type, 2016–2024 (USD Million)
Table 41 Europe: Market Size for Fashion & Entertainment, By Textile Type, 2016–2024 (USD Million)
Table 42 Asia Pacific: Market Size for Fashion & Entertainment, By Textile Type, 2016–2024 (USD Million)
Table 43 RoW: Market Size for Fashion & Entertainment, By Textile Type, 2016–2024 (USD Million)
Table 44 Market Size for Healthcare, By Product Type, 2016–2024 (USD Million)
Table 45 Market Size for Healthcare, By Region, 2016–2024 (USD Million)
Table 46 North America: Market Size for Healthcare, By Country, 2016–2024 (USD Million)
Table 47 Europe: Market Size for Healthcare, By Country, 2016–2024 (USD Million)
Table 48 Asia Pacific: Market Size for Healthcare, By Country, 2016–2024 (USD Million)
Table 49 RoW: Market Size for Healthcare, By Region, 2016–2024 (USD Million)
Table 50 Market Size for Healthcare, By Textile Type, 2016–2024 (USD Million)
Table 51 North America: Market Size for Healthcare, By Textile Type, 2016–2024 (USD Million)
Table 52 Europe: Market Size for Healthcare, By Textile Type, 2016–2024 (USD Million)
Table 53 Asia Pacific: Market Size for Healthcare, By Textile Type, 2016–2024 (USD Million)
Table 54 RoW: Market Size for Healthcare, By Textile Type, 2016–2024 (USD Million)
Table 55 Market Size for Mining, By Product Type, 2016–2024 (USD Million)
Table 56 Market Size for Mining, By Region, 2016–2024 (USD Million)
Table 57 North America: Market Size for Mining, By Country, 2016–2024 (USD Million)
Table 58 Europe: Market Size for Mining, By Country, 2016–2024 (USD Million)
Table 59 Asia Pacific: Market Size for Mining, By Country, 2016–2024 (USD Million)
Table 60 RoW: Market Size for Mining, By Region, 2016–2024 (USD Million)
Table 61 Market Size for Mining, By Textile Type, 2016–2024 (USD Million)
Table 62 North America: Market Size for Mining, By Textile Type, 2016–2024 (USD Million)
Table 63 Europe: Market Size for Mining, By Textile Type, 2016–2024 (USD Million)
Table 64 Asia Pacific: Market Size for Mining, By Textile Type, 2016–2024 (USD Million)
Table 65 RoW: Market Size for Mining, By Textile Type, 2016–2024 (USD Million)
Table 66 Market Size for Others, By Product Type, 2016–2024 (USD Million)
Table 67 Market Size for Others, By Region, 2016–2024 (USD Million)
Table 68 North America: Market Size for Others, By Country, 2016–2024 (USD Million)
Table 69 Europe: Market Size for Others, By Country, 2016–2024 (USD Million)
Table 70 Asia Pacific: Market Size for Others, By Country, 2016–2024 (USD Million)
Table 71 RoW: Market Size for Others, By Region, 2016–2024 (USD Million)
Table 72 Market Size for Others, By Textile Type, 2016–2024 (USD Million)
Table 73 North America: Market Size for Others, By Textile Type, 2016–2024 (USD Million)
Table 74 Europe: Market Size for Others, By Textile Type, 2016–2024 (USD Million)
Table 75 Asia Pacific: Market Size for Others, By Textile Type, 2016–2024 (USD Million)
Table 76 RoW: Market Size for Others, By Textile Type, 2016–2024 (USD Million)
Table 77 Smart Clothing Market Size, By Region, 2016–2024 (USD Million)
Table 78 North America: Market Size, By Country, 2016–2024 (USD Million)
Table 79 North America: Market Size, By End-User Industry, 2016–2024 (USD Million)
Table 80 US: Market Size, By End-User Industry, 2016–2024 (USD Million)
Table 81 Canada: Market Size, By End-User Industry, 2016–2024 (USD Million)
Table 82 Mexico: Market Size, By End-User Industry, 2016–2024 (USD Million)
Table 83 Europe: Market Size, By Country, 2016–2024 (USD Million)
Table 84 Europe: Market Size, By End-User Industry, 2016–2024 (USD Million)
Table 85 Germany: Market Size, By End-User Industry, 2016–2024 (USD Million)
Table 86 UK: Market Size, By End-User Industry, 2016–2024 (USD Million)
Table 87 France: Market Size, By End-User Industry, 2016–2024 (USD Million)
Table 88 Italy: Market Size, By End-User Industry, 2016–2024 (USD Million)
Table 89 Rest of Europe: Market Size, By End-User Industry, 2016–2024 (USD Million)
Table 90 Asia Pacific: Market Size, By Country, 2016–2024 (USD Million)
Table 91 Asia Pacific: Market Size, By End-User Industry, 2016–2024 (USD Million)
Table 92 China: Market Size, By End-User Industry, 2016–2024 (USD Million)
Table 93 Japan: Market Size, By End-User Industry, 2016–2024 (USD Million)
Table 94 India: Market Size, By End-User Industry, 2016–2024 (USD Million)
Table 95 South Korea: Market Size, By End-User Industry, 2016–2024 (USD Million)
Table 96 Rest of Asia Pacific: Market Size, By End-User Industry, 2016–2024 (USD Million)
Table 97 RoW: Market Size, By Region, 2016–2024 (USD Million)
Table 98 RoW: Market Size, By End-User Industry, 2016–2024 (USD Million)
Table 99 South & Central America: Market Size, By End-User Industry, 2016–2024 (USD Million)
Table 100 MEA: Market Size, By End-User Industry, 2016–2024 (USD Million)
Table 101 Product Launches/Developments, 2017–2019
Table 102 Collaborations/Partnerships, 2018


List of Figures (48 Figures)

Figure 1 Smart Clothing Market Segmentation
Figure 2 Smart Clothing Market: Process Flow of Market Size Estimation
Figure 3 Market: Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Research Assumptions
Figure 8 The Active Smart Segment is Projected to Lead the Market During the Forecast Period
Figure 9 The Upperwear Segment is Projected to Dominate the Market During the Forecast Period
Figure 10 The Market for the Sports & Fitness Industry is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 11 North America Accounted for the Largest Share of the Market in 2018
Figure 12 Increasing Adoption of Smart Clothes for Various End-User Industries
Figure 13 Upper Wear Segment to Grow at the Highest CAGR During the Forecast Period
Figure 14 The US Market Accounted for the Largest Share in the Global Market in 2018
Figure 15 China is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 16 Market Drivers and Their Impact
Figure 17 Declining Cost of Sensors Likely to Drive the Overall Market
Figure 18 Market Restraints and Their Impact
Figure 19 Market Opportunities and Their Impact
Figure 20 Market Challenges and Their Impact
Figure 21 Ultra-Smart Textiles Segment to Grow at the Highest CAGR During the Forecast Period
Figure 22 Market Size for Passive Smart Textiles, By End-User Industry, 2019 vs 2024 (USD Million)
Figure 23 Market Size for Ultra-Smart Textiles, By End-User Industry, 2019 vs 2024 (USD Million)
Figure 24 Market for Upper Wear to Grow at the Highest CAGR During the Forecast Period
Figure 25 Market Size for Upper Wear, By End-User Industry, 2019 vs 2024 (USD Million)
Figure 26 Market for Innerwear, By End-User Industry, 2019 vs 2024 (USD Million)
Figure 27 Market for Sports & Fitness to Grow at the Highest CAGR During the Forecast Period
Figure 28 Upper Wear Segment to Dominate the Market for Military & Defense During the Forecast Period
Figure 29 Asia Pacific to Grow at the Highest CAGR in the Market for Military & Defense During the Forecast Period
Figure 30 Market for Sports & Fitness in Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 31 Active Smart Segment to Account for the Largest Share of the Market for Sports & Fitness During the Forecast Period
Figure 32 North America to Dominate the Market for Fashion & Entertainment During the Forecast Period
Figure 33 Asia Pacific to Register the Fastest Growth in the Market for Healthcare During the Forecast Period
Figure 34 Active Smart Segment to Lead the Market for Healthcare During the Forecast Period
Figure 35 North America to Dominate the Market for Mining During the Forecast Period
Figure 36 Market in Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 37 Market Size, By Region, 2019 vs 2024 (USD Million)
Figure 38 North America: Market Snapshot
Figure 39 The US to Register the Highest CAGR in North America for the Market During the Forecast Period
Figure 40 Europe: Smart Clothing Market Snapshot
Figure 41 Germany to Account for the Largest Share of the European Market During the Forecast Period
Figure 42 Asia Pacific: Smart Clothing Market Snapshot
Figure 43 China to Lead the Market in the Asia Pacific Market During the Forecast Period
Figure 44 South & Central America to Register A Higher CAGR in the Market During the Forecast Period
Figure 45 Companies Adopted Product Launches/Developments as Their Key Growth Strategies During 2017–2019
Figure 46 AIQ Smart Clothing (Taiwan) Dominated the Market in 2018
Figure 47 Competitive Leadership Mapping for the Global Market, 2018
Figure 48 Evaluation Framework: Smart Clothing Market

The study involved four major activities in estimating the current size of the smart clothing market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation methods were used to estimate the market size of segments and subsegments.

Secondary Research

The research methodology used to estimate and forecast the smart clothing market begins with capturing data on revenue of key vendors in the market through secondary research. This study incorporates the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for the technical, market-oriented, and commercial study of the smart clothing market. Vendor offerings have also been considered to determine the market segmentation. This entire research methodology includes the study of annual and financial reports of top players, presentations, press releases, journals, paid databases, trade directories, regulatory bodies, and safety standard organizations.  

Primary Research

The smart clothing market comprises several stakeholders, such as suppliers of raw material and manufacturing equipment; standard components, original equipment manufacturers (OEMs); original device manufacturers (ODMs) of smart clothing; solutions providers; vendors of assembly, testing, and packaging solutions; and system integrators in the supply chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.  

Smart Clothing Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the smart clothing market. These methods have also been used extensively to estimate the size of various market subsegments. The research methodology used to estimate the market size includes the following:

  • Key players in major end-user industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Research Objective

  • To define, describe, and forecast the overall smart clothing market, in terms of value, segmented based on textile type, product type, end-user industry, and geography
  • To forecast the market size for various segments with regard to 4 regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the smart clothing market
  • To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contribution to the overall smart clothing market
  • To analyze opportunities in the smart clothing market for stakeholders by identifying the high-growth segments
  • To strategically profile key players, comprehensively analyze their market rankings and core competencies, and detail the competitive landscape for market leaders
  • To analyze competitive developments such as product launches and development; collaboration and partnerships; and R&D in the overall smart clothing market

Available Customizations

Along with the market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
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