Emergen Research has published a novel research report titled, “Global Smart Clothing Market Forecast to 2032”. The report sheds light on the current as well as upcoming market trends. The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Smart Clothing Market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
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The global smart clothing market size was USD 2.74 Billion in 2021 and is expected to register a revenue CAGR of 26.8% during the forecast period. Rising demand for smart textiles from athletes and fitness preferring individuals are also contributing to revenue growth of the market. For example, Ambiotex launched a T-shirt that includes one TechUnit, which is a small device that is connected to the clothing item to collect and process key data, one micro Universal Serial Bus (USB) cable and adapter, and one operating manual. This garment is made to make users more aware of their bodies while tracking their stress and fitness levels. This smart T-Shirt has built-in sensors that can analyze vitals and fitness and stress levels. It can also determine ‘the Individual Anaerobic Threshold’ (IAT).
Government agencies, elite corporations, and military organizations of various countries are collaborating and investing in Research and Development (R&D) activities for the development of advanced and innovative smart clothing. For example, the U.K.’s University of Cambridge scientists developed a woven smart textile with integrated active electronic, sensing, energy, and photonic functionalities.
The report is updated with the impact of the COVID-19 pandemic on the Smart Clothing market. Every industry vertical across the globe has been affected by the pandemic, and the report assesses if the impact of the pandemic on the Smart Clothing market has been positive or negative. It also sheds light on the effect of the financial difficulties and supply disruption caused by the pandemic in the overall growth of the market. Furthermore, the report covers a current and future impact assessment of the pandemic on the overall growth of the Smart Clothing market.
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The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans. The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Smart Clothing market.
Leading manufacturers profiled in the report:
AiQ Smart Clothing, Sensoria Inc., Vulpes Electronics, WEARABLE X, Applycon, sro, Hexoskin, Mondevices, Inc., Ralph Lauren Media LLC, Under Armour, Inc., and Myontec.
The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the market. The fundamental objective of the report is to give an insight into the workings of the Smart Clothing industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.
Emergen Research has segmented the global smart clothing market on the basis of product type, fabric type, application, and region:
Product Type Outlook (Revenue, USD Billion; 2019–2030)
- Upper Wear
- Lower Wear
- Shoes & Socks
Fabric Type Outlook (Revenue, USD Billion; 2019–2030)
- Ultra smart
- Active Smart
- Passive Smart
Application Outlook (Revenue, USD Billion; 2019–2030)
- Sports & Fitness
- Fashion & Entertainment
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The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
- North America
- Rest of EU
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
Objectives of the Report:
Study of the global Smart Clothing market size by key regions, types, and applications with reference to historical data (2019-2020) and forecast (2022-2030)
Industrial structure analysis of the Smart Clothing market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape bench marking
Analysis of Smart Clothing market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Smart Clothing market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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