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Smart Clothing Market to 2027, Future Outlook, COVID-19 Impact Analysis, Forecast 2021-2027

02-18-2021 01:53 PM CET | IT, New Media & Software

Press release from: Orion Market Reports

The smart clothing market was valued at $1,143.09 million in 2019 and is expected to reach $6,418.08 million in 2027. It is expected to grow at an annual average of 24% during 2021-2027.

The growing demand for smart shirts, jackets and vests contributes to the business growth of smart clothing market players. Smart shirts are designed to provide biometric data such as heart rate, respiratory rate and muscle activity that are professionally used to optimize performance and exercise planning. The data is captured and sent to the companion app to provide insight into strength and recovery, calories burned, fatigue and sleep quality. The growing use of smart wearable fabrics in the medical, sports and fitness industries is a major trend supporting the growth of the smart clothing market. However, the high production costs of smart clothing products hinder the market growth. The increasing adoption of smart clothing in the fashion industry is creating business opportunities for the growth of smart clothing market players during the forecast period.

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A full report of Smart Clothing Market available at: https://www.orionmarketreports.com/smart-clothing-market/23745/

Companies Profiles

• AiQ Smart Clothing Inc.
• Carre Technologies Inc. (Hexoskin)
• CUTECIRCUIT
• Google LLC
• Jabil Inc.
• Myontec Ltd
• Sensoria Inc.
• Siren Care, Inc.
• Under Armour, Inc.
• WEARABLE X

Smart Clothing Market Segmentation

By Textile Type:

• Active Smart
• Passive Smart
• Ultra-Smart

By Product Type

• Upper Wear
• Lower Wear
• Innerwear
• Others (socks, beanie, gloves, and hats)

By End-User Industry:

• Military & Defense
• Sports & Fitness
• Fashion & Entertainment
• Healthacre
• Mining
• Others (construction, transportation, and automotive)

Reasons to Buying From us –

• We cover more than 15 major industries, further segmented into more than 90 sectors.
• More than 120 countries are for analysis.
• Over 100+ paid data sources mined for investigation.
• Our expert research analysts answer all your questions before and after purchasing your report.

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Smart Clothing Market Report

• What was the Smart Clothing Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Smart Clothing Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Smart Clothing Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Media Contact:

Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About Us:

Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

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