Smart Clothing Market Overview with Size, Share, Growth, Industry Demand, Forecast and Application Analysis To 2022

Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of smart clothing market. The study is titled as “Smart Clothing Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global smart clothing market.

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Smart clothing are fabrics, which enable electronics, and digital components to be integrated in them. These fabrics, developed with new technologies, render added value to users. These textiles differ from wearable computing, owing to the higher emphasis on seamless integration of electronic elements such as actuators, sensors, and microcontrollers into textiles. Smart clothing can be bifurcated into two important categories viz. performance enhancing, and aesthetic.

Another promising field for adoption of smart clothing is the corporate uniform worn in sectors such as education, hospitality, transportation, public safety, and medicine. Here, smart clothing offers communication between a specialist and his/her team, thereby increasing the productivity. However, factors such as unawareness among individuals concerning utilization of smart clothing, coupled with their high costs, are expected to pose challenges to the market growth. High costs of smart clothing may be attributed to variety of sensors incorporated to monitor physiological activities, along with the surge in prices of conductive fabric utilized for manufacturing. The global market for smart clothing will register a steady expansion during 2017 to 2022, according to a new study by Fact.MR. Revenues from the global smart clothing market are poised to reach nearly US$ 5,000 Mn by 2022-end.

6 Key Takeaways from Fact.MR’s Report on Global Smart Clothing Market

1. Passive smart textile technology will continue to be sought-after in the market, followed by the ultra-smart textile technology.

2. Smart clothing will find the largest application in attached electronics segment, with sales expected to exceed US$ 2,500 Mn in revenues by 2022-end.

3. By industry vertical, sales of smart clothing in healthcare sector will hold more than one-fourth market revenue share, and healthcare segment will remain dominant in the global smart clothing market.

4. Shirts will remain preferred product in the market, owing to the highly efficient data provision regarding perspiration rate, muscle engagement, and heart rate. Revenues from sales of shirts will account for the largest share of the market, during 2017 to 2022.

5. Shoes will continue to be the second largest product segment in the global smart clothing market.

6. Bras, and suits are estimated to register the fastest expansion at similar CAGRs through 2022, based on product type.

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Shirts to Outsell all other Product Segments in Global Smart Clothing Market

Estimated to account for the largest revenue share, shirts will continue to outsell all the other products in the global smart clothing market. Data acquired by smart shirts including muscle engagement, heart rate, and perspiration rate boost the efficiency of users. Shoes are expected to be the second most lucrative product in the market over the forecast period. In addition, suits and bras are expected to be the fastest-selling product in the market, exhibiting similar CAGRs through 2022.

Passive smart textile technology will retain its dominance in the global market, followed by ultra-smart textile technology. Attached electronics application of smart clothing will surpass revenues worth US$ 2,500 Mn by 2022-end. Based on industry vertical, healthcare smart clothing will account for over one-fourth revenue share of the market, and will retain its dominance in the global smart clothing market throughout the forecast period.

North America will remain the largest market for smart clothing, in terms of revenues. Revenues from the market in North America are expected to reach roughly US$ 1,800 Mn by 2022-end. However, smart clothing market in Asia-Pacific excluding Japan (APEJ) is projected to register the highest CAGR through 2022. The improvising in knowledge sharing, and advent of small startups will contribute to growth of the market in APEJ.

Competition Tracking

Key market players identified in Fact.MR’s report on the global smart clothing market include Sensoria Inc., OMsignal Inc., CuteCircuit Ltd., Carre Technologies Inc., MAD Apparel Inc., Wearable X, Medtronic plc, Tex-Ray Industrial Co. Ltd., Sensatex, and Noble Biomaterials, Inc.

Table of Contents:

1. Global Smart Clothing Market – Executive Summary

2. Global Smart Clothing Market Overview
2.1. Introduction
2.1.1. Global Smart Clothing Market Taxonomy
2.1.2. Global Smart Clothing Market Definition
2.2. Global Smart Clothing Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Smart Clothing Market Y-o-Y Growth
2.3. Global Smart Clothing Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Supply Chain
2.5. Cost Structure

3. Global Smart Clothing Market Analysis and Forecast By Product Type
3.1. Global Smart Clothing Market Size and Forecast By Product Type, 2012-2022
3.1.1. Shoes Smart Clothing Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region

Continued……….

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