Smart Clothing Market Poised to Reach US$ 23.28 Billion by 2032

The global smart clothing market is set to achieve a remarkable valuation of US$ 23.28 Billion by 2032. In the year 2026, it is anticipated to reach US$ 7.63 Billion, driven significantly by substantial adoption within the professional sports and healthcare sectors. The healthcare industry, in particular, is poised to benefit greatly, contributing up to 30% of the total revenue.

According to Fact.MR, a provider of market research and competitive intelligence, the market demonstrated impressive growth during the historical period spanning from 2017 to 2021. At a commendable compound annual growth rate (CAGR) of 10%, the market had already reached nearly US$ 2 Billion by 2021. This growth can be attributed to the growing emphasis on preventing sports injuries and enhancing athletes' performance, which is expected to drive the global smart clothing market further. Additionally, the rising costs associated with athlete contracts are anticipated to bolster demand in the global smart clothing market.

For more insights into the Market, Request a Sample of this Report:
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Key Takeaways from the Market Study

  • Fact.MR projects the market to surpass US$ 7.63 Bn by the end of 2026.
  • Attached electronics projected to touch a valuation of US$ 2.5 Bn by 2022
  • Healthcare smart clothing is expected to secure nearly 30% of the total share of the global market
  • Sales of smart shirts to soar at a CAGR of 14% from 2022 to 2032, by product type
  • North America, by the end of 2022, to yield revenue worth US$ 1.8 Bn, expanding at 10% CAGR by 2032
  • Asia to emerge as the fastest growing market, registering a CAGR of 14% through 2032
  • Europe to register an expansion rate of 12% in value CAGR terms, from 2022 to 2032

As consumers become health conscious, they are seeking out various approaches to remain fit, indulging in outdoor exercises and sports, which is spurring demand for smart clothing, besides their requirement in the healthcare sector, comments the Fact.MR analyst.

Competitive landscape:

Key players in the smart clothing market are Xenoma, Digitsole, B10NIX and Vitali Wear

  • Xenoma, a Tokyo-based smart clothing start-up, is focusing on specializing in system integration using smart apparel. The company is integrating stretchable electronics technology Printed Circuit Fabric (PCF) that consists of sensor calibration and magnetometer-free motion. This captures algorithms and combines it with Xenoma’s e-skin smart apparel.
  • B10NIX, an Italy-based start-up, is focusing on strengthening communication between users and machines with a focus on wearable devices and the Internet of Things (IoT).

Market Competition:

Key players in the smart clothing market are Sensoria Inc., OMsignal Inc., CuteCircuit Ltd., Carre Technologies Inc., MAD Apparel Inc., Wearable X, Medtronic Plc., Tex-Ray Industrial Co. Ltd., Sensatex Inc. and Noble Biomaterials Inc.

A rising number of partnerships in the global smart clothing industry is expected to introduce more fashionable, comfortable, and functional products, broadening outreach of prominent players. Some notable developments are as follows :

  • Sensoria Inc., for instance, has been partnering with MYZONE to deliver comfortable and accurate heart rate monitoring garments since the past 5 years, with some of the first products being the Sensoria T-Shirt and MYZONE Powered Sports Bra respectively
  • In December 2017, TexRey Industrial Co. Ltd. launched the new multi-bio monitoring smart apparel in the Yi-Deng Nursing Center. With this product launch, the center is able to enhance surveillance and monitoring of hospitalized patients by collecting their personal bio-data, making long-term care permissible

Key Segments Profiled in the Smart Clothing Market Industry Survey:

By Product Type :

  • Smart Socks
  • Smart Insoles
  • Smart Pants
  • Smart Jackets
  • Smart Shirts
  • Smart Dresses
  • Smart Suits
  • Smart Scarves
  • Smart Bras
  • Smart Shoes

By Application :

  • Embedded Electronics Smart Clothing
  • Attached Electronics Smart Clothing

By Technology :

  • Ultra-Smart Clothing
  • Passive Smart Clothing
  • Active Smart Clothing

By Industry Vertical :

  • Healthcare
  • Industrial
  • Military
  • Athletic

By Region :

  • North America
  • Latin America
  • Europe
  • APEJ
  • Japan
  • Middle East & Africa

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