Artificial Intelligence-Based Shoe Market Trends, Surging Demand, Detailed Analysis, And Forecast To 2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Artificial Intelligence-Based Shoe Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $551.86 billion In 2028 At A CAGR Of 18.8% :

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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Artificial Intelligence-Based Shoe Market Major Segments
The artificial intelligence-based shoe market covered in this report is segmented -

1) By Technology: Sensor Technology, Machine Learning And Artificial Intelligence, Algorithms, Connectivity
2) By Distribution Channels: Online Retail, Brick-And-Mortar Retail, Direct-To-Consumer (DTC)
3) By Application: Running And Athletic Shoes, Smart Casual And Sneakers, Medical And Therapeutic Shoes
4) By End-User: Athletes And Sports Enthusiasts, Fitness And Health Consumers, Casual And Fashion Users

Key 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.

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Prominent 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.

Artificial Intelligence-Based Shoe Market Players
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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Largest And Fastest Growing Region In The Market
North America was the largest region in the artificial intelligence-based shoes market in 2023. The regions covered in the artificial intelligence-based shoe market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Artificial Intelligence-Based Shoe Market Report Structure
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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