Smart Clothing Market by Type (Passive Smart Fabrics, Active Fabrics, and Ultra-smart Fabrics), by Product (Shoes, Shirts, Pants, Jackets, Innerwear, and Others), by Connectivity (Wi-Fi, Bluetooth, GPS, and RFID), and by Application (Healthcare, Military and Defence, Entertainment, Industrial, Space, and Sports and Fitness) - Global Opportunity Analysis and Industry Forecast, 2022 – 2030

Smart Clothing Market

Industry:  Consumer Goods | Publish Date: Dec 2022 | No of Pages:  N/A | No. Tables:  N/A | No. Figures:  N/A

Market Definition

Global Smart Clothing Market size was valued at USD 2.79 billion in 2021 and is predicted to reach USD 18.23 billion by 2030 with a CAGR of 23.2% from 2022-2030.

Smart clothing, also referred to as E-textile, smart textile, or smart fabric, consists of integrated and embedded systems that constantly monitor overall body functions. In addition, they consist various sensors such as accelerometer and pulse meter that helps in monitoring the pulse rate, blood pressure, temperature, and muscle stretch. Smart clothes are also embedded with digital circuits, LEDs, solar cells and fiber optics that increases their usability.

Market Dynamics and Trends

Rising demand for smart cloths from fashion and entertainment industries along with its application in mining industry is expected to propel the market growth during the forecast period. Also, demand of smart clothes from construction, transportation and automotive industries are further expected to drive the smart cloth market. Moreover, wide adoption of these clothes in sports and fitness industries are also expected to contribute towards the growth of smart cloths market during the forecast period.

However, increase in prices of these smart clothes and lack of raw materials are expected to retard the growth of smart clothing market. On the other hand, incorporation of advanced technology such as AI (Artificial Intelligence) in smart clothes in turn could create lucrative opportunities for smart clothes market players over the forecast period.

Market Segmentations and Scope of the Study:

The global smart clothing market has been segmented based on type, product, application, connectivity, and geography. Based on type, the market is divided into passive smart fabrics, active fabrics, and ultra-smart fabrics. Based on product, the market is segmented into shoes, shirts, pants, jackets, innerwear, and others. Based on connectivity, the market is categorised into Wi-Fi, Bluetooth, RFID and GPS. Based on application, the market is divided into healthcare, military and defence, entertainment, industrial, and sports and fitness. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America region holds the lion share of smart clothing market and is expected to continue dominating the market during the forecast period. It is due to the presence of developed countries along with increased adoption of advanced technologies such as motion sensors and warning sensors and increased awareness among people. Furthermore, prevalence of space activities and wide application in Hollywood industry in this region is also expected to direct the growth of smart clothing market.

However, Asia Pacific is expected to show a steady rise in the smart clothing market due to increasing adoption of smart clothes in health care industry in this region. Countries in this region are expected to develop rapidly with gradual increase in market size owing to increased adoption of smart clothes. Also, rise in per capita income and changing lifestyles in developed countries such as Japan and China, boost the market growth in this region.

Competitive Landscape

The smart clothing market is comprised of various market players such as AiQ Smart Clothing Inc., Wearable Experiments Inc., OMsignal, TORAY INDUSTRIES INC, Vulpes Electronics GmbH, Athos, Carre Technologies inc., SENSORIA, Myontec, and KBS Fashion Group Limited. These market players are adopting various joint venture strategies and planning expansion of businesses across various regions to maintain their dominance in the smart clothing market.

For instance, in July 2020, AiQ Smart Clothing launched new range of gloves with capacitive touch that allows users to use touch panels without removing their gloves. Also, in August 2020, OMsignal designed a sports bra for women that detects heart rate and breathing and provide personalized advice regarding the running modules.

KEY BENEFITS

  • The smart clothing market report provides the quantitative analysis of the current market and estimations through 2022-2030 that assists in identifying the prevailing market opportunities to capitalize on.

  • The study comprises a deep dive analysis of the smart clothing market trend including the current and future trends for depicting the prevalent investment pockets in the market.

  • The information related to key drivers, restraints and opportunities and their impact on the smart clothing market is provided in the report.

  • The competitive analysis of the market players along with their market share in the smart clothing market.

  • The SWOT analysis and Porters Five Forces model is elaborated in the study.

  • Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

KEY MARKET SEGMENTS:

By Type

  • Passive Smart Fabrics

  • Active Fabrics

  • Ultra-smart Fabrics

By Product

  • Shoes

  • Shirts

  • Pants

  • Jackets

  • Innerwear

  • Others

By Connectivity

  • Wi-Fi

  • Bluetooth

  • GPS

  • RFID

By Application

  • Healthcare

  • Military and Defense

  • Entertainment

  • Space

  • Industrial

  • Sports and Fitness

By Geography

  • North America

    • U.S

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • RoW

    • UAE

    • Saudi Arabia

    • South Africa

    • Brazil

    • Remaining Countries

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Analysis Period

2021–2030

Base Year Considered

2021

Forecast Period

2022–2030

Market Size Estimation

Billion (USD)

Market Segmentation

By Type (Passive Smart Fabrics, Active Fabrics, and Ultra-smart Fabrics), by Product (Shoes, Shirts, Pants, Jackets, Innerwear, and Others), by Connectivity (Wi-Fi, Bluetooth, GPS, and RFID), and by Application (Healthcare, Military and Defence, Entertainment, Industrial, Space, and Sports and Fitness)

Geographical Segmentation

North America (U.S., Canada, Mexico) Europe (UK, Germany, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific), Rest of the World (UAE, Saudi Arabia, South Africa, Brazil, Remaining countries)

Companies Profiled

AiQ Smart Clothing Inc., Wearable Experiments Inc., OMsignal, TORAY INDUSTRIES INC, Vulpes Electronics GmbH, Athos, Carre Technologies inc., SENSORIA, Myontec, and KBS Fashion Group Limited.

column chart pie chart

KEY BENEFITS

  • The smart clothing market report provides the quantitative analysis of the current market and estimations through 2022-2030 that assists in identifying the prevailing market opportunities to capitalize on.

  • The study comprises a deep dive analysis of the smart clothing market trend including the current and future trends for depicting the prevalent investment pockets in the market.

  • The information related to key drivers, restraints and opportunities and their impact on the smart clothing market is provided in the report.

  • The competitive analysis of the market players along with their market share in the smart clothing market.

  • The SWOT analysis and Porters Five Forces model is elaborated in the study.

  • Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

KEY MARKET SEGMENTS:

By Type

  • Passive Smart Fabrics

  • Active Fabrics

  • Ultra-smart Fabrics

By Product

  • Shoes

  • Shirts

  • Pants

  • Jackets

  • Innerwear

  • Others

By Connectivity

  • Wi-Fi

  • Bluetooth

  • GPS

  • RFID

By Application

  • Healthcare

  • Military and Defense

  • Entertainment

  • Space

  • Industrial

  • Sports and Fitness

By Geography

  • North America

    • U.S

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • RoW

    • UAE

    • Saudi Arabia

    • South Africa

    • Brazil

    • Remaining Countries

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Analysis Period

2021–2030

Base Year Considered

2021

Forecast Period

2022–2030

Market Size Estimation

Billion (USD)

Market Segmentation

By Type (Passive Smart Fabrics, Active Fabrics, and Ultra-smart Fabrics), by Product (Shoes, Shirts, Pants, Jackets, Innerwear, and Others), by Connectivity (Wi-Fi, Bluetooth, GPS, and RFID), and by Application (Healthcare, Military and Defence, Entertainment, Industrial, Space, and Sports and Fitness)

Geographical Segmentation

North America (U.S., Canada, Mexico) Europe (UK, Germany, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific), Rest of the World (UAE, Saudi Arabia, South Africa, Brazil, Remaining countries)

Companies Profiled

AiQ Smart Clothing Inc., Wearable Experiments Inc., OMsignal, TORAY INDUSTRIES INC, Vulpes Electronics GmbH, Athos, Carre Technologies inc., SENSORIA, Myontec, and KBS Fashion Group Limited.

KEY PLAYERS

  • AiQ Smart Clothing Inc.
  • Wearable Experiments Inc.
  • Vulpes Electronics GmbH
  • Athos,
  • Carre Technologies inc.,
  • SENSORIA,
  • OMsignal,
  • Myontec,
  • TORAY INDUSTRIES INC. KBS
  • Fashion Group Limited

Frequently Asked Questions
What will be the worth of global Smart Clothing market by the end of 2030?

According to the report published by Next Move Strategy Consulting, the Smart Clothing market business is expected to hit at $18.23 billion (USD) by 2030.

Which region is expected to hold the highest market share in the Smart Clothing Market?

North America is expected to hold the highest market share in the global market. The region is expected to witness remarkable growth as it houses the major key players in the market.

Which are the top companies in the Smart Clothing industry?

AiQ Smart Clothing Inc., Wearable Experiments Inc., OMsignal, TORAY INDUSTRIES INC, Vulpes Electronics GmbH, Athos, Carre Technologies inc., SENSORIA, Myontec, and KBS Fashion Group Limited.

What are the market segmentations and scope of the study?

The global Smart Clothing market share analysis is based on type, product, application, connectivity, and geography.

How big is the Smart Clothing market?

Currently (in 2021), the market value stands at USD 2.79 billion and it is anticipated to reach USD 18.23 billion by 2030.