Smart Clothing Market Share Growth Forecasts, 2032

Market Overview

According to Fortune Business Insights Global Smart Clothing Market size was valued at USD 1.88 billion in 2024. It is projected to grow from USD 2.15 billion in 2025 to USD 5.86 billion by 2032, exhibiting a CAGR of 15.38% during the forecast period. 

Smart clothing is a type of clothing that offers data, including the temperature, pulse rate, muscle stretch, physical movement, and heart rate of the user. These clothes have electronics installed to transmit data to the external devices through Bluetooth or Wi-Fi. The increasing number of tech-savvy consumers globally fuels market growth.

List of Key Players Present in the Report:

• AiQ Smart Clothing Inc. (Taiwan)
• Vulpes Electronics GmbH (Germany)
• Toray Industries Inc. (Japan)
• Myontec (Finland)
• Sensoria (U.S.)
• Applycon (Czech Republic)
• Carre Technologies Inc. (Canada)
• Siren (U.S.)
• Wearable X (U.S.)
• Adidas AG (Germany)

Segments

Upper Wear Segment Leads Due to Rising Development in this Clothing Type

By product type, the market is segmented into upper wear, lower wear, innerwear, and others. The upper wear segment is expected to dominate the market during the forecast period due to the rising development and production of smart upper wear products having innovative features.

Sports & Fitness Segment Dominates with its High Adoption Among Athletes

By application, the market is divided into healthcare, sports & fitness, fashion & entertainment, and military & defense. The sports & fitness segment accounted for the largest market share in 2023 owing to the high adoption of smart clothing by athletes and fitness enthusiasts.

Retail Outlets/Offline Segment to Lead Market Due to Increasing Consumer Preference

By distribution channel, the market is segmented into retail outlets/offline and e-commerce/online. The retail outlets/offline segment is expected to lead the market during the forecast period due to the increasing consumer preference as they provide the opportunity to personally check the fitting and quality of the garment before making the purchase.

Geographically, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.  

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Report Coverage

The report offers:

• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• The latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints

Increasing Consumer Awareness Related to a Healthy Lifestyle Boost Product Adoption

The smart clothing market growth is propelling due to the increasing awareness of consumers related to a healthy lifestyle as these smart clothes help in monitoring the health condition of the users. These clothes help in tracking the sleep quality of the individual, such as the wakeup time and sleeping time, further increasing their adoption.

However, the increasing cost due to the integration of advanced technologies and high-tech clothing compared to traditional clothing impedes market growth.

Regional Insights

North America Leads Market Fueled by Rising Adoption of Smart Clothing

North America dominated the smart clothing market share in 2023. The growth is attributed to the surging adoption of smart wear by the security agencies for the purpose of surveillance. Additionally, leading domestic players including Siren, Wearable X, and Sensoria offer high-tech clothing with advanced features.

Europe is the second-leading region due to the burgeoning consumer inclination related to the innovative products featuring intelligent and advanced features, which help in improving lifestyles.

To get to know more about this market, please visit:
https://www.fortunebusinessinsights.com/smart-clothing-market-104648 

Competitive Landscape

Key Players are Expanding Their Presence on Different Platforms to Lead Market

In terms of the competitive landscape, the key players in the market are expanding their presence on various platforms, such as Instagram, Facebook, and Twitter, to attract more customers and lead the market. Some of key players in the market are AiQ Smart Clothing Inc., Wearable X, and others.

Key Industry Development

April 2023 – HAD GROUP, a sock brand based in China, launched its new intelligent wearable sock range, which features sensors and microchips to create data related to the foot health of users.