Press release
Smart Clothing Market Top Key Industry Players: Athos, Catapult Sports Pty Ltd, Heddoko Inc., Hexoskin, Lumo Bodytech Inc., Ralph Lauren, OMSignal, Sensoria Inc.
Global Market Insights, Inc.
Smart Clothing Market size is set to exceed USD 4 billion by 2024. Growing adoption of smart products by professional athletes to optimize the performance level and prevent potential injuries is anticipated to drive the smart clothing market across the globe. Due to the increasing contract costs of athletes, the sports associations are heavily spending on these products to eliminate the possibility of any injuries. The surge in demand for remote monitoring of patients followed by hospital staff injuries also provides significant growth opportunities to the smart clothing market.
Rising awareness associated with fitness coupled with the demand for monitoring body activities such as blood pressure & heart rate is expected to catapult the smart clothing market demand. The launch of products with advanced specifications such as tracking muscle activity offer lucrative opportunities. Moreover, other features include reduction & prevention of sports injuries resulting from improper warm up and exertion. Increasing adoption for sensor enabled products eliminates the use of smart wearables for specific functionality. Rapid urbanization coupled with the growing consumer participation in health & fitness clubs is anticipated to positively impact the smart clothing market over the forecast timeline.
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Top Key Players:-
Key players in the smart clothing market include Athos, Catapult Sports Pty Ltd, Heddoko Inc., Hexoskin, Lumo Bodytech Inc., Ralph Lauren, OMSignal, Sensoria Inc., etc. The industry is forecast to witness intensive competition owing to the increasing rate of new entrants. The industry players are collaborating with various sports associations and government institutions to gain eminence. In addition, various technology companies are focusing on diversifying their services by building partnerships with clothing firms. For instance, Google Inc. partnered with Levi Strauss & Co. to develop a smart jacket allowing users to interact with their devices and perform tasks such as changing music tracks and accessing navigation information.
Regional Segmentations: -
U.S. smart clothing market size is estimated to witness huge adoption and will dominate the industry with the significant revenue share. Increasing investments by various sports associations to eliminate the possibility of any preventable injuries of highly paid professional athletes is expected to fuel the industry growth.
Asia Pacific smart clothing market is expected to witness substantial growth over the forecast timespan. This can be attributed to the growing adoption of various wearable devices coupled with the increasing demand for advanced features in the products. In addition, rising security concerns and increasing military and defense budgets across countries such as India and China is predicted to witness huge demand for these products.
Major Companies Include in Hydropower Market in terms of Business Overview, Financial Data, Product Landscape, Strategic Outlook, SWOT Analysis
1. Adidas Group
2. AiQ Smart Clothing Inc.
3. Athos
4. Catapult Sports Pty Ltd
5. Cityzen Sciences
6. Clothing+
7. dorsaVi
8. Electricfoxy
9. Hallam New York
10. Heddoko Inc
11. Hexoskin (Carre Technologies Inc.)
12. Levi Strauss & Co.
13. Lumo Bodytech Inc
14. Mondevices
15. Myontec, Ltd.
16. OMSignal
17. Owlet Baby Care
18. Polar
19. Ralph Lauren
20. Rest Devices Inc.
21. Sensoria Inc.
22. Textronics Inc.
23. Under Armour
24. Zackees Wearable Electronics
25. Zephyr
26. Zoll Medical Corporation
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Data security and processing speed play a crucial role in healthcare, military & defense, and sports, on the grounds of which they can be classified as the prominent application arenas encompassed by smart clothing industry. The on-going research and advancements in sensor technology, the Internet of Things, and big data analysis, will prove to be reliable sources that can help smart clothing technology go mainstream. Industry experts foresee smart clothing market to move in a positive direction, as this technology holds immense growth potential across myriad application sectors.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Email: sales@gminsights.com
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