North America Smart Clothing Market
No. of Pages: 83 | Report Code: TIPRE00014182 | Category: Electronics and Semiconductor
No. of Pages: 83 | Report Code: TIPRE00014182 | Category: Electronics and Semiconductor
Smart clothing is designed and manufactured with the integration of smart technologies to offer fabric with different functionality. The growing use of smart clothing across sectors such as healthcare, military, sports, and defense can influence market growth over the coming years. Increasing injury cases during sports activities coupled with increased investments in the military & defense sector may increase demand for the product. High demand for body activity monitoring via sensors can stimulate market growth. Growing consumer awareness about fitness is likely to fuel market growth. Shifting athletes' preference for smart clothing to prevent possible injuries and boost their performance may spur market growth over the forecast period. The growth of the North America smart clothing market is also led by escalating spending by sectors, such as healthcare, sports & fitness, and the fashion industry sector.
Strategic insights for the North America 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.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 491.84 Million |
| Market Size by 2027 | US$ 2438.87 Million |
| Global CAGR (2020 - 2027) | 22.5% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America 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 North America is expected to grow from US$ 491.84 million in 2019 to US$ 2438.87 million by 2027; it is estimated to grow at a CAGR of 22.5% 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. Major sports and fitness apparel manufacturers making a few use cases or pilot projects. For instance, Nike is cooperating with Google to launch gym shoes that can track real-time footprints using Google Earth. Such initiatives and product developments is paving way for the rise in the demand for smart textiles, which is expected to drive the North America smart clothing market growth during 2020–2027.
The pandemic due to outbreak of COVID-19 had negatively affected the economic stability in North American countries, so far, the US is the worst hit country in North America. In order to control the outbreak of corona virus the governments across North America initiated various measures such as travel bans, factories and business shutdowns, and lockdowns. These containment measure ultimately hampered the projected revenue generation and growth opportunities in North America. Furthermore, the service sector had witnessed significant impact of the global pandemic owing to decline in services along with laying off of employees across different service verticals across the distribution channel such as retailers, suppliers, distributors and delivery providers. The retailers and brands are facing various short-term challenges regarding health and safety, supply chain, labor force, cash flow, consumer demand, and marketing. Furthermore, the rising number of cases continue to negatively impact the production, distribution and continue operation of supply chain for smart clothing market across the North American region.
In terms of type, the passive accounted for the largest share of the North America smart clothing market in 2019. In terms of product, the apparel segment held a larger market share of the North America smart clothing market in 2019. On the basis of connectivity, the Bluetooth segment held a larger market share of the North America smart clothing market in 2019. Further, the sports & fitness segment held a larger share of the market based on end user in 2019.
A few major primary and secondary sources referred to for preparing this report on the smart clothing market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, and among others. Major companies listed in the report are Carre Technologies inc (Hexoskin), Google LLC, Jabil Inc., Sensoria Inc., Siren Care, Inc., Wearable X, Under Armour, Inc. among others.
North America Smart Clothing Market – By Type
North America Smart Clothing Market – By Product
North America Smart Clothing Market – By Connectivity
North America Smart Clothing Market – By End User
North America Smart clothing market – By Country
North America Smart clothing market
The List of Companies - North America Smart Clothing Market
The North America Smart Clothing Market is valued at US$ 491.84 Million in 2019, it is projected to reach US$ 2438.87 Million by 2027.
As per our report North America Smart Clothing Market, the market size is valued at US$ 491.84 Million in 2019, projecting it to reach US$ 2438.87 Million by 2027. This translates to a CAGR of approximately 22.5% during the forecast period.
The North America Smart Clothing Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Smart Clothing Market report:
The North America Smart Clothing Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Smart Clothing Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Smart Clothing Market value chain can benefit from the information contained in a comprehensive market report.
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