Smart Clothing Market Size to Witness Huge Growth by 2027

The MarketWatch News Department was not involved in the creation of this content.

Nov 30, 2020 (Market Insight Reports) —
Selbyville, Delaware Global Smart Clothing Market Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2027. Smart Clothing Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Smart Clothing market and provides information regarding the revenue for the period 2020 to 2027.

Global Smart Clothing Market is valued approximately USD 1.6 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 26.2 % over the forecast period 2020-2027. Smart clothing is an advanced convergence of fashion and technology, an invention that has transformed imagination into reality. Smart clothing is the next generation of clothing with value-added features, such as monitoring the biometrics of individuals, adapting to changes in the environment, and more. Unlike other intelligent wearables (smart watches), smart clothing does not require charging. Instead of focusing only on smart watches and smart bands, businesses are thus shifting their focus towards developing smart clothing. Growing Awareness About the Need for Sports & Fitness would increase the market growth.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/3002285/?utm_source=Marketwatch.com&utm_medium=AN

The market is driven by the demand for sensor tracking of bodily activities, the smart clothing adoption for various end-user industries. The key players of global Smart clothing market have adopted various strategies to gain competitive advantage including product launch, mergers and acquisition, partnerships and agreements, investment, funding and others. For instance, In 2020, Levi’s and Google launched the latest Commuter Jacket 2.0 smart jacket, and Google was able to minimize the battery-powered tag that gives the jacket its intelligent powers to more than half the size of the original tag. However, high product cost would restrain the growth of market. Also, In 2017, Polar, a key player in the market for smart apparel, released a polar team pro jersey. The shirt is activated using the heart rate monitoring system and GPS tracking.

The regional analysis of global Smart Clothing Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of the smart clothing adoption for various end-user industries. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the demand for sensor tracking of bodily activities would create lucrative growth prospects for the Smart Clothing Market across Asia-Pacific region.

Major market player included in this report are:

AIQ Smart Clothing

Athos

Carre Technologies Inc (Hexoskin)

Sensoria Inc.

Cityzen Sciences

Applycon S.R.O.

Clothing Plus

Dupont

Vulpes Electronics

Wearable X

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Textile Type:

Active Smart

Passive Smart

Ultra-Smart

By Product Type:

Upper Wear

Lower Wear

Innerwear

Others

By End user industry:

Military & Defense

Sports & Fitness

Fashion & Entertainment

Healthacre

Mining

Others (construction, transportation, and automotive)

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

For More Details on this Report At: https://www.marketstudyreport.com/reports/global-smart-clothing-market-size-research?utm_source=Marketwatch.com&utm_medium=AN

About Us:

Market Study Report, LLC. is a hub for market intelligence products and services.

We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.

Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company’s core activities.

If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.

Contact Us:

Market Study Report LLC

4 North Main Street,

Selbyville, Delaware 19975

USA

Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

Email: [email protected]

Website: https://www.marketstudyreport.com

Blog: https://www.marketstudyreport.com/blog

This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on [email protected]

COMTEX_375261088/2599/2020-11-30T00:03:23

Is there a problem with this press release? Contact the source provider Comtex at [email protected] You can also contact MarketWatch Customer Service via our Customer Center.

The MarketWatch News Department was not involved in the creation of this content.

Source Article