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Smart Clothing Market Size
- Report ID: GMI2016
- Published Date: Aug 2017
- Report Format: PDF
Smart Clothing Market Size
Smart Clothing Market size surpassed USD 150 million and is poised to register over 48% growth between 2017 and 2024. Growing use of smart clothing across various industrial verticals such as sports & fitness, healthcare, military & defense, etc. is driving the market globally
Gradual rise in the number of sports injuries coupled with increased spending in military & defense sector across various countries to protect soldiers from potential injuries present significant growth opportunities for the market revenue.
The rising demand for monitoring body activities through sensors along with growing awareness among individuals regarding fitness is expected to surge the smart clothing industry demand. In addition, the inclination of athletes towards the use of these products to prevent injuries and optimize their performance will have a positive impact on the business.
| Report Attribute | Details |
|---|---|
| Base Year: | 2016 |
| Smart Clothing Market Size in 2016: | 179 Million (USD) |
| Forecast Period: | 2017 to 2024 |
| Forecast Period 2017 to 2024 CAGR: | 50% |
| 2024 Value Projection: | 4 Billion (USD) |
| Historical Data for: | 2013 to 2016 |
| No. of Pages: | 180 |
| Tables, Charts & Figures: | 207 |
| Segments covered: | Product, Application and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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High cost associated with the products followed by lack of awareness is expected to hinder the market growth over the forecast timespan. Moreover, the factors which might limit the industry demand include technical challenges such as device power & sensor inaccuracy and data privacy issues.
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Smart Clothing Market Scope
