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Rising demand for smart clothes to boost the market growth by 2019-2024

Smart clothing market is estimated to be valued at USD 1.6 billion in 2019 and is projected to reach USD 5.3 billion by 2024; it is expected to grow at a CAGR of 26.2%. Rising demand for monitoring bodily activities through sensors and increasing the adoption of smart clothes for various end-user industries are expected to fuel the growth of the smart clothing market during the forecast period.

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Rising demand for smart clothes to boost the market growth by 2019-2024

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  1. MarketsandMarkets Presents Rising demand for smart clothes to boost the market growth by 2019-2024 Smart Clothing Market by Textile Type, Product Type (Upper Wear, Lower Wear, Innerwear, and Others), End-User Industry (Military & Defense, Sports & Fitness, Fashion & Entertainment, Healthcare), and Geography - Global Forecast to 2024 https://www.marketsandmarkets.com/Market-Reports/smart-clothing-market-56415040.html

  2. Smart clothing monitors the wearer's physical condition. Smart shirts bodysuits, pants, and undergarments are some of the products that provide biometric data, such as pulse rate, temperature, muscle stretch, heart rhythm, and physical movement; this data is transmitted via Bluetooth to an app in real-time. The integrated technology monitors the material conditions of the user and uses big data analytics to predict and show the results. Also, smart clothing technologies can sense and monitor environmental conditions, as well. Smart clothing market is estimated to be valued at USD 1.6 billion in 2019 and is projected to reach USD 5.3 billion by 2024; it is expected to grow at a CAGR of 26.2%. Rising demand for monitoring bodily activities through sensors and increasing the adoption of smart clothes for various end-user industries are expected to fuel the growth of the smart clothing market during the forecast period. Browse 102 market data Tables and 48 Figures spread through 139 Pages and in-depth TOC on "Smart Clothing Market - Global Forecast to 2024"

  3. Smart clothing market for active smart textiles is expected to hold the largest market share during the forecast period. Vibrant smart textiles can sense and react to the stimuli; this has increased their usage in many applications in most of the end-user industries. For instance, phase-change materials are used for heat storage and transfer. This type is used to produce outfits used in sports, firefighting, defense (bulletproof jackets), and other professions. Textile products can be made more comfortable when a textile material can react to the environment. Thus, the market for active smart textiles has proliferated in recent years. Ask PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=56415040 Smart clothing market for upper wear product type is expected to hold the largest share during the forecast period. A smart t-shirt can provide biometric data such as heart rate, breathing rate, and muscle activity, which are used to optimize performance and execute workout plans professionally. Textile-integrated sensors have the potential to equip everyday clothes with smart capabilities, making the detection of body movements accessible during normal life activities. Hence, upper wear products is expected to boost the market during the forecast period.

  4. The military & defense end-use industry is the largest adopter of smart clothes. Textile-based materials equipped with nanotechnology and electronics have a key role in the development of technologically advanced military uniforms and materials. Smart clothing has become a key component in the creation of new military uniforms designed to improve the health of the soldier while providing field insight. Hence, the demand for smart clothes in military & defense is expected to boost market growth during the forecast period. Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=56415040 Smart clothing market in APAC is expected to grow at the highest CAGR during the forecast period. China is a major contributor to the growth of the market. The region has become a global focal point for significant investments and business expansion opportunities. The country's aggressively developing economy is driving the growth of the smart clothing market in this region. Other than China, countries such as South Korea, Japan, and India are involved in the manufacturing of smart clothes, which acts as another booster to the growth of the market.

  5. About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of markets.

  6. Contact Us Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email:newsletter@marketsandmarkets.com For More Info: https://www.marketsandmarkets.com/PressReleases/smart-clothing.asp

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