Europe Smart Clothing Market

Market Introduction

Smart clothing is designed and manufactured with the integration of smart technologies to offer fabric with different functionality. The components integrated in smart clothing are sensors, batteries, and lights etc., Shifting athletes' preference for smart clothing to prevent possible injuries and boost their performance, and increasing demand for smart clothing from defense sector to track essential body vitals of on field troops are among the factors fueling the growth of Europe smart clothing market. The growth of the Europe market is also led by escalating use of smart fabric and textile from fashion industry and healthcare industry is further boosting the growth of Europe smart clothing market.

Europe Smart Clothing Strategic Insights

Strategic insights for the Europe Smart Clothing provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Smart Clothing Report Scope

Europe Smart Clothing Regional Insights

The geographic scope of the Europe Smart Clothing refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The smart clothing market in Europe is expected to grow from US$ 325.08 million in 2019 to US$ 1861.24 million by 2027; it is estimated to grow at a CAGR of 24.7% from 2020 to 2027. Designer brands and well-known clothing manufacturers are teaming up with major technological giants to create new wearable smart textiles. Research and development in clothes have resulted in apparels that illuminate or change colors in certain conditions, or display real-time text or emoticons associated with the user's mood. New designers are now applying their creativity to take an advantage of these possibilities to develop the future fashion. For instance, Nike is cooperating with Google to launch gym shoes that can track real-time footprints using Google Earth. Such initiatives and continuous innovation in smart clothing technology is expected to pave way for Europe smart clothing market.

The impact of COVID-19 varied from country to country across the European region as selected countries witnessed a surge in number of confirmed cases and subsequently attracted stringent as well as longer lockdown period or social isolation. For instance, countries such as Italy and Spain smart clothing or other services declined significantly owing to notable number of cases across the countries. However, western European countries such as Germany, France, United Kingdom and other owing to robust healthcare infrastructure have witnessed a comparatively moderate decline in their demand for various essential services including smart clothing. The lockdown is expected to continue negatively impact the market and virtually disrupt the market growth across selected countries during the coming few months.

Key Market Segments

In terms of type, the passive accounted for the largest share of the Europe smart clothing market in 2019. In terms of product, the apparel segment held a larger market share of the Europe smart clothing market in 2019. In terms of connectivity, the Bluetooth segment held a larger market share of the Europe smart clothing market in 2019. Further, the sport & fitness segment held a larger share of the market based on end user in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Europe smart clothing market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are CUTECIRCUIT, Google LLC, Jabil Inc., Myontec Ltd, and Under Armour, Inc. among others.

Reasons to buy report

• To understand the Europe smart clothing market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe smart clothing market
• Efficiently plan M&A and partnership deals in Europe smart clothing market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe smart clothing market
• Obtain market revenue forecast for market by various segments from 2020-2027 in Europe.

EUROPE SMART CLOTHING MARKET SEGMENTATION

Europe Smart Clothing Market – By Type

• Passive
• Active
• Ultra-Smart

Europe Smart Clothing Market – By Product

• Apparel
• Footwear
• Wearable Patches
• Other

Europe Smart Clothing Market – By Connectivity

• Wi-Fi
• Bluetooth
• GPS
• RFID

Europe Smart Clothing Market – By End User

• Healthcare
• Sport and Fitness
• Fashion and Lifestyle
• Military
• Others

Europe Smart clothing market – By Country

• France
• Germany
• UK
• Russia
• Italy
• Rest of Europe

Europe Smart clothing market -Companies Mentioned

• CUTECIRCUIT
• Myontec Ltd
• Under Armour, Inc.
• Jabil Inc.
• Google LLC