Global Smart Clothing Market Trends and Analysis By Key Players: Athos, Catapult Sports Pty, Heddoko, Hexoskin, Lumo Bodytech, Ralph Lauren, OMSignal, Sensoria
Smart clothing market has been forecast to face certain challenges at its initial stages, notwithstanding the predictions made about it being one of most lucrative businesses in recent times. Some of these constraints lurk along the lines of high product prices, unreliability, and personal security threats. Moreover, on the technical front, the present-day challenges of smart clothing industry such as limited battery life, wireless technology, huge capital investment, wash ability, and complexity of data analysis remain consistent.
With the recent advent of smart socks, smart shirts, & even smart jackets, smart clothing market has been gaining momentum in the category of smart and future wearables technology. Smart clothing or e-Textile is steadily becoming a reality, as sensors, electronic, and digital technologies have blended seamlessly to offer the functionality of smart devices to textiles & clothing. This convergence of textile and digital industries is set to bring huge commercialization and standardization to the worldwide smart clothing market. As per a report compiled by Global Market Insight, Inc., smart clothing market is projected to grow at a healthy CAGR of 50% over 2017-2024 in terms of shipments.
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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.
Market share calculation in this report is not done based on companies covered in it. The calculation of smart clothing market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
The geographical scope of smart clothing industry is proportionately segmented across North America, Europe, and Asia Pacific. The U.S. has always been at the forefront as far as sporting events across the globe are considered. The country has given birth to world class sportspersons excelling at numerous world championships, a trend which it seems to be intent on continuing, that will undoubtedly propel the regional smart clothing industry. Additionally, sports clubs across the U.S. are collaborating with the firms in the smart clothing market to improve the performance of their sportspersons and avoid sports injuries, thereby augmenting the regional expansion further.
Smart clothing market across China and India is expected to gain traction with the growing requirement of protective clothing for military & defense personnel. In addition, the escalated popularity of wearable equipment with newly embedded features is another factor that is forecast to create profitable avenues for smart clothing industry players across the Asia Pacific region.
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Partial Chapter of the Table of Content
Chapter 1 Methodology & Scope
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definition and forecast parameters
1.2 Data Sources
Chapter 2 Executive Summary
2.1 Smart clothing industry 3600 synopsis, 2013 – 2024
2.1.1 Regional trends
2.1.2 Product trends
2.1.3 Application trends
Chapter 3 Smart Clothing Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013- 2024
3.3 Industry ecosystem analysis
3.4 Technological & innovation landscape
3.5 Regulatory landscape
3.5.1 U.S. Federal Trade Commission
3.5.2 Geolocation Privacy and Surveillance Act (GPS Act)
3.5.3 Health Information Technology for Economic and Clinical Health Act (HITECH Act)
3.5.4 Health Insurance Portability and Accountability Act of 1996
3.6 Industry impact forces
3.6.1 Growth drivers
18.104.22.168 Rising health awareness in Europe
22.214.171.124 Increasing sports injuries in the U.S.
126.96.36.199 Increasing use by professional sport teams North America & Brazil
188.8.131.52 Increasing workplace injuries in Asia Pacific & MEA
184.108.40.206 Advancements in sensor technology in China and Taiwan
220.127.116.11 Adoption of smart uniforms in various industry verticals in North America & Europe
18.104.22.168 Rising adoption in military & defense in North America & Asia Pacific
3.6.2 Industry pitfalls and challenges
22.214.171.124 High cost
126.96.36.199 Technological challenges
188.8.131.52 Data privacy concerns
184.108.40.206 Lack of customer awareness
3.7 Growth potential analysis
3.7.1 Military & defense
3.7.2 Sports & fitness
3.7 Porter’s analysis
3.9 Competitive landscape, 2016
3.9.1 Strategy dashboard
3.9.2 Investment landscape
3.10 PESTEL analysis
3.11 Price trend analysis, 2013 – 2024
3.12 Smart clothing market, by demography
3.12.2 Age group
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In July 2017, OMsignal, a key manufacturer of bio-sensing apparels and smart textiles, introduced the OMbra that measures heart rate and breathing. Other key players across smart clothing industry are developing smart apparels that can detect respiratory illness and monitor patients with chronic conditions such as asthma. Xenoma, a famous participant in the smart clothing market, have incorporated virtual reality and artificial intelligence technology in its camera free-skin shirts to measure the sport & exercise activity levels in an individual. The introduction of new products such as fabrics flooded with light and temperature sensitive clothing has complemented the product portfolio expansion of smart clothing industry, thereby helping to create value in the smart apparel space.
It is to be noted that strategic collaborations and joint ventures will continue to play a major role in influencing smart clothing market trends. Google Incorporation and Levi Straus & company, a U.S. based clothing firm, have collaborated recently for the Jacquard smart jacket venture – a denim jacket that can connect to a paired smartphone. The smart apparel, intended for cyclists, enables the wearers to connect with smartphone services such as music or maps directly via the jacket sleeve and also helps them control the smartphone experience. These connected clothes are expected to find tremendous applications even across the fashion and healthcare industries, pertaining to their ability to interact with other equipment & services and adapt to any kind of environment.
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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