Smart Clothing (Wearable Tech) Market to Grow at a CAGR of 21% by 2030 | Levi's, Lolë, Moticon ReGo, Movesense (Supa)

HTF MI started a new business research with title Smart Clothing (Wearable Tech) - Thematic Market Study Forecast till 2027 . This Smart Clothing (Wearable Tech) - Thematic market report brings data for the estimated year 2021 and forecasted till 2027 in terms of both, value (US$ MN) and volume (MT). The report also consists of detailed assessment macroeconomic factors, and a market outlook of the Smart Clothing (Wearable Tech) - Thematic market. The study is conducted by applying both top-down and bottom-up approaches and further iterative methods used to validate and size market estimation and trends of the Smart Clothing (Wearable Tech) - Thematic market. Additionally to compliment insights EXIM data, consumption, supply and demand Figures, raw price analysis, market revenue and gross margins. Some of the companies listed in the research study are Adidas, Alphabet, Ambiotex, Athos, Carré Technologies, Catapult Sports, Chico's FAS, CuteCircuit, Heddoko, Komodo Technologies etc.

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Summary
Smart clothing is a type of wearable tech. It includes garments and footwear with integrated sensors that transmit biometric and other datasets. Smart clothing is essentially electronic devices designed to communicate with connected devices (like smartphones) and the wearer’s body. Worth $668m in 2020, the global smart clothing market will expand to over $4bn by 2030, having grown at a compound annual growth rate (CAGR) of 21% over the 10-year period, according to GlobalData forecasts. The industry will pass the $1bn revenue mark by 2023.

Progress in areas such as electronic textiles, artificial intelligence (AI), motion tracking, and haptics will drive the smart clothing market's growth. Currently, smart clothing products are targeted at consumers, particularly people interested in health and fitness. However, the sports, healthcare, and military industries will become key users of smart clothing in the coming years, valuing the technology’s ability to provide continuous monitoring of physical activity. For now, the smart clothing industry is awaiting investment from leading technology and apparel companies. This will improve the products’ capabilities and influence market adoption, a pressing concern for today's smart clothing vendors.

Scope

- This report provides an overview of the smart clothing theme.

- It identifies the key trends impacting growth of the theme over the next 12 to 24 months, split into three categories: technology trends, macroeconomic trends, and regulatory trends.

- It includes comprehensive industry analysis, including forecasts for smart clothing revenues and shipments to 2030 alongside overall wearable tech market sizing data.

- The detailed value chain shows where smart clothing fits into the broader Internet of Things ecosystem.

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Reasons to Buy

- Smart clothing is a nascent market but has potential for significant growth.

- This report provides an overview of the smart clothing theme, including information on the leading companies and emerging start-ups. It also provides details of how smart clothing works and how it can be used by both consumers and enterprises.

Companies Mentioned in the Report

Adidas, Alphabet, Ambiotex, Athos, Carré Technologies, Catapult Sports, Chico's FAS, CuteCircuit, Heddoko, Komodo Technologies, Levi's, Lolë, Moticon ReGo, Movesense (Supa), Myontec, Nike, Orpyx Medical, Owlet Baby Care, PVH, Samsung, Sensoria, Siren Care, Spinali Design, Under Armour, Wearable X, Xenoma

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