Artificial Intelligence-Based Shoe Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Nike Inc., Adidas AG, Puma SE, Under Armour Inc., Asics Corp., Deckers Outdoor Corporation, Wolverine World Wide Inc., Reebok Interna

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2042

The Business Research Company offers in-depth market insights through Artificial Intelligence-Based Shoe Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The artificial intelligence-based shoes market size has grown exponentially in recent years. It will grow from $229.27 billion in 2023 to $277.26 billion in 2024 at a compound annual growth rate (CAGR) of 20.9%. The growth in the historic period can be attributed to rising demand for cloud integration, increasing complexity of it environments, cost efficiency and operational optimization, business process automation, globalization of businesses.

The artificial intelligence-based shoes market size is expected to see rapid growth in the next few years. It will grow to $551.86 billion in 2028 at a compound annual growth rate (CAGR) of 18.8%. The growth in the forecast period can be attributed to ai and machine learning integration, security and compliance concerns, iot integration, real-time data integration, hybrid and multi-cloud integration. Major trends in the forecast period include cybersecurity integration, focus on user experience, technological advancements, event-driven architecture, low-code/no-code integration.

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Market Segmentation:
The main technologies involved in artificial intelligence-based shoes are sensor technology, machine learning and artificial intelligence, algorithms, and connectivity. Sensor technology is the science and application of devices that detect and measure physical properties or environmental conditions. These are sold through various distribution channels, including online retail, brick-and-mortar retail, and direct-to-consumer (DTC) for several applications, such as running and athletic shoes, smart casual and sneakers, and medical and therapeutic shoes. These are used by several end users, such as athletes and sports enthusiasts, fitness and health consumers, and casual and fashion users.

Major Driver - Growing Popularity Of Sports Activities
The growing popularity of sports activities is expected to propel the growth of the artificial intelligence-based shoes market going forward. Sports activities encompass a wide range of physical pursuits, including organized games, exercises, and competitions that involve physical exertion and skill. Artificial intelligence-based shoes are primarily used to enhance athlete performance through real-time data analysis and personalized adjustments during sports activities. For instance, in January 2022, according to Football Australia, an Australia-based governing body of football, total participation in outdoor football had increased from 1,181,931 to 1,421,804 participants nationwide in 2021, representing an increase of 20% year on year. Further, football engagement in schools increased by 151,088 (64%), with 44,380 of those students participating in sports at their schools and 116,882 participating in interschool competitions. Therefore, the growing popularity of sports activities is driving the growth of the artificial intelligence-based shoes market.

Competitive Landscape:
Major companies operating in the artificial intelligence-based shoe market report are Nike Inc., Adidas AG, Puma SE, Under Armour Inc., Asics Corp., Deckers Outdoor Corporation, Wolverine World Wide Inc., Reebok International Ltd., Mizuno Corporation, Brooks Sports Inc., Salomon SAS, Patagonia Inc., Vivobarefoot Limited, Ajanta Shoe Private Limited, Orpyx Medical Technologies Inc., Scott Sports SA, La Sportiva NA Inc., Shift Robotics, Digitsole, Sensoria Health Inc., ShiftWear, Wiivv Wearables Inc., Altra Torin IQ, Salted Venture , Lumo

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Top Trend - Increasing Focus On Development Of Adaptive Artificial Intelligence To Gain A Competitive Edge
Major companies operating in the artificial intelligence (AI)-based shoe market are focused on the development of adaptive artificial intelligence to gain a competitive edge in the market. Adaptive artificial intelligence in shoes enhances comfort and support through real-time adjustments based on the wearer's movements and preferences. For instance, in October 2022, Shift Robotics, a US-based manufacturer of robotic shoes, launched Moonwalkers, the first-ever wearable mobility devices that allow one to walk at the speed of a run. They are designed with an adaptive AI drivetrain that increases walking speed by up to 250%. They are hands-free and use foot-activated gestures to toggle between shift and lock modes to go and stand still. They have an anti-lock internal brake feature that provides safety and control when using the device.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Artificial Intelligence-Based Shoe Market Characteristics
3. Artificial Intelligence-Based Shoe Market Trends And Strategies
4. Artificial Intelligence-Based Shoe Market - Macro Economic Scenario
5. Artificial Intelligence-Based Shoe Market Size And Growth
…..
27. Artificial Intelligence-Based Shoe Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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