Smart Clothing Market Analysis, Segments, Growth By Top Companies And Value Chain 2021-2027, Report

Allied Market Research published a new report, titled, “Smart Clothing Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Surge in the application of smart clothing in sports, healthcare & defense segment, demand for monitoring of physical conditions of players, patients, and soldiers at different point of time using GPS tracker, heart rate monitoring sensors and thermal sensors to ensure their body functioning is increasing the demand for smart clothing globally. Also, the use of smart clothes for workers of the chemical factory and other factories to ensure safety at work is increasing the demand from manufacturing entities. However, the major constraints of the smart cloth market are data breach of users, high manufacturing cost, lack of awareness among people, and capability of the cloth to sustain in harsh weather. Innovation in the smart clothing market is related to collaboration of textile manufacturers with software companies which will result in better e-textile which are capable of providing comfort as traditional textile having all the features of smart clothes.

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The leading apparel manufacturers have tied-up with software developing companies to develop new cloth that is capable of connecting to smartphones and can be used as an accessory with the smartphone. Levi’s world’s leading jeans manufacturers have come for a collaboration with Google Inc. where they have developed a jacket under the brand name “Jacquard”, which is a smart jacket that is designed for urban bikers. The left shoulder of the jacket is designed to take inputs from users’ hands and translate them to command and use as input in the biker’s smartphone.

The demand of smart clothes will increase from every industry as there is high need of smart clothes for a different industry but the major demand will be from the defense sector to monitor the health of commandos & soldiers in high altitude during combat missions, ensure safety from ballistic weapons and to help with enemies location and real-time movement. The sportsperson has seen using smart cloths to check breathing rate and other body functions at practice sessions which plays a crucial role during the match and events.

The key market players profiled in the report include Hexoskin, Levi Strauss & Co., Lumo Bodytech Inc., Mondevices, Myontec, Ltd., Polar, Ralph Lauren, Rest Devices Inc., Cityzen Sciences, Clothing+, , Heddoko Inc., Sensoria Inc., Textronics Inc., Under Armour, Wearable Electronics, Adidas Group, AiQ Smart Clothing Inc., Athos, Catapult Sports Pty Ltd.

Geographically Analysis – North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

COVID-19 Scenario Analysis:

The smart clothing manufacturers are facing problems in procuring their raw materials as major electronic sensors are manufactured in China and Vietnam.
The market will face significant growth as the manufacturers are trying to develop smart sensors which can show early sign of COVID-19 infected people nearby via data from other government websites and applications.

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Key Segments Covered:

Fabric Type
• Active Smart
• Passive Smart
• Ultra-Smart

Product Type
• Upper Wear
• Lower Wear
• Innerwear
• Others

Application
• Healthcare
• Military
• Sports
• Defense
• Others

Key Benefits of the Report:

○ This study presents the analytical depiction of the global smart clothing industry along with the current trends and future estimations to determine the imminent investment pockets.
○ The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global smart clothing market share.
○ The current market is quantitatively analyzed from 2020 to 2027 to highlight the global smart clothing market growth scenario.
○ Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
○ The report provides a detailed global smart clothing market analysis based on competitive intensity and how the competition will take shape in coming years.

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