Scope in Smart Clothing Market: Trends, Price, Revenue, Share, Growth and Forecast Until 2022

Dublin 2, Ireland, 2018-Apr-10 — /EPR Network/ — The global market discussion on smart clothing industry can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “Smart Clothing Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that, the research majorly focuses on smart clothing market’s competitive outlook by profiling major players functioning across the globe. As the report moves ahead, information regarding the prominent trends as well as opportunities in the key geographical segments have also been elaborated, thus enabling companies to be able to make region-specific strategies for gaining competitive lead. Some of the prime regions emphasized in the study include key regions.

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A recent study by Fact.MR projects the global smart clothing market to exhibit a moderate CAGR during the forecast period 2017 to 2022. Global smart clothing market is expected to reach approximately US$ 5,000 Mn in revenues by 2022-end.

With the hike in contract prices of athletes, sports associations are making huge investments on smart products, such as smart clothing products, to eliminate the slightest possibility of injury. Over the recent past, professional athletes are adopting smart clothing products, with an aim to prevent potential injuries, and optimize their level of performance. In addition, increasing instances of hospital staff injuries have fuelled the requirement for remote patient monitoring. Competition with fitness trackers is emerging as a new trend in the global smart clothing market. Smart clothing offers more benefits than wrist bands. For example, comparatively more accurate measurements are rendered by smart clothing, when it comes to measurement of foot landing, muscle activity, and stride length & rate. Both fashion and fitness smart clothing manufacturers are collaborating with innovative technological companies, in a bid to make smart clothing fashionable, functional, and more comfortable, as well as provide higher performance. The aforementioned factors will drive growth of the market in the upcoming years.

Adoption of smart clothing is gaining popularity in corporate uniform, which is worn in fields such as public safety, hospitality, medicine, education, and transportation. Smart corporate uniforms enable communication between specialists and their respective teams, which in turn fuels productivity. However, high costs of products associated with smart clothing, and lack of awareness about use of smart clothing among individuals are factors impacting growth of the market. These high prices can be mainly attributed to various sensors integrated into smart clothing for monitoring physical activities, and soaring costs of conductive fabric that is used for manufacturing.

Shirts to outsell all other Product Segments in Global Smart Clothing Market

Estimated to account for the largest revenue share, shirts will continue to outsell all the other products in the global smart clothing market. Data acquired by smart shirts including muscle engagement, heart rate, and perspiration rate boost the efficiency of users. Shoes are expected to be the second most lucrative product in the market over the forecast period. In addition, suits and bras are expected to be the fastest-selling product in the market, exhibiting similar CAGRs through 2022.

Passive smart textile technology will retain its dominance in the global market, followed by ultra-smart textile technology. Attached electronics application of smart clothing will surpass revenues worth US$ 2,500 Mn by 2022-end. Based on industry vertical, healthcare smart clothing will account for over one-fourth revenue share of the market, and will retain its dominance in the global smart clothing market throughout the forecast period.

North America will remain the largest market for smart clothing, in terms of revenues. Revenues from the market in North America are expected to reach roughly US$ 1,800 Mn by 2022-end. However, smart clothing market in Asia-Pacific excluding Japan (APEJ) is projected to register the highest CAGR through 2022. The improvising in knowledge sharing, and advent of small startups will contribute to growth of the market in APEJ.

Competition Tracking

Key market players identified in Fact.MR’s report on the global smart clothing market include Sensoria Inc., OMsignal Inc., CuteCircuit Ltd., Carre Technologies Inc., MAD Apparel Inc., Wearable X, Medtronic plc, Tex-Ray Industrial Co. Ltd., Sensatex, and Noble Biomaterials, Inc.

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Table of Content:

1. Global Smart Clothing Market – Executive Summary

2. Global Smart Clothing Market Overview
2.1. Introduction
2.1.1. Global Smart Clothing Market Taxonomy
2.1.2. Global Smart Clothing Market Definition
2.2. Global Smart Clothing Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Smart Clothing Market Y-o-Y Growth
2.3. Global Smart Clothing Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region

3. Global Smart Clothing Market Analysis and Forecast By Product Type 
3.1. Global Smart Clothing Market Size and Forecast By Product Type, 2012-2022
3.1.1. Shoes Smart Clothing Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Bras Smart Clothing Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region

Continued….

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Retail & Consumer Goods market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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