Smart Clothing Market

Market Leaders - Smart Clothing Market

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%. Increasing awareness about the needs for sports & fitness is expected to provide substantial growth opportunities to players in the smart clothing market. The growth of the smart clothing market is driven by the rising demand for monitoring bodily activities through sensors boosting the demand for smart clothes.

Key players operating in the smart clothing market include AiQ Smart Clothing (Taiwan), Athos (US), Carre Technologies (Canada), Sensoria (US), Clothing Plus (Finland), Cityzen Sciences (France), Vulpes Electronics (Japan), DuPont (US), Werable X (US), Applycon (Czech Republic), Toray Industries (Japan), Myontec (Finland), Myzone (US), Siren (US), and Owlet (US). Many of the leading players are focusing on the implementation of organic growth strategies, such as product launches/developments; and collaboration and partnerships to boost their revenue.

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Top 2 players in the smart clothing market:

AiQ Smart Clothing (Taiwan) is one of the leading players in the smart clothing market. The company plays a vital role within the e-Textile supply chain by offering a complete and vertical integration of wearable technologies to its customers. It caters to a large customer base, which helps the company enhance its revenues and profit margins. The company specializes in developing wearable systems that are fully compatible with their downstream manufacturer and parent company, Tex-Ray. AiQ has the drive the market and make the e-Textile concepts into reality. It tailors to the e-Textile marketplace by providing its full range of services and solutions to its customers. The company has developed a broad range of e-Textile systems, including a bio-monitoring shirt, heated garments, and touchscreen-compatible gloves. It offers solutions, such as gloves, lighting, heating, bio-monitoring, and anti-radiation, for individuals. It also provides its apparels, which are used in end-use applications, such as sport and fitness, outdoor and leisure, home and leisure, and home and healthcare. Over two hundred patents back AiQ's innovations. The company believes that clothes are the universal wearables, and making them smarter is a natural progression in leveraging the power of technology to enrich everyday experiences. It also aims to strengthen its position in other regions through product demonstration and product launches. For instance, in May 2019, the company participated in the “Wired to Wear” exhibition to showcase smart clothing and other wearables of the future.

Athos (US) has a strong position and brand image for next-generation fitness apparel, providing an unparalleled level of insight into physiology and performance. The company focuses on innovations in the field of next-generation fitness apparel. Athos technology delivers these insights to people of all fitness levels, to provide a personalized and motivating training experience that empowers people to surpass their fitness goals and lead healthier lives. It intends to strengthen its hold in the wearable market by investing more in R&D and partnering with global players in its respective segment. Athos produces shirts, shorts, and leggings that incorporate EMG technology. The company claims that the components of the garments are conducive to high athletic performance and muscle research.

Related Reports:

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

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Report Code
SE 7437
RI Published ON
11/13/2019
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