MarketersMEDIA / Newsroom / North America Smart Clothing Market to be worth more than $3bn by 2024, growing at a CAGR of approximately 50%

North America Smart Clothing Market to be worth more than $3bn by 2024, growing at a CAGR of approximately 50%

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The growing adoption of intelligent technologies and an increase in the disposable income of the middle-class sector are driving the North America smart clothing market

— The North American smart clothing market is majorly driven by the increasing investments of professional athletes and sports persons for performance optimization and potential injury prevention. Leading sports associations across the U.S. are focusing on providing intelligent garments to the players to attain health benefits and improve their productivity. Rapid urbanization and enhanced consumer lifestyles are the factors that are further developing the smart clothing market. The growing awareness of consumers in the North American smart clothing market toward health and fitness propels the demand for these technologies. The industry offers a wide range of connected clothes and apparels with GPS tracking and lightweight alternatives.

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According to the Graphical Research new growth forecast report titled “North America Smart Clothing Market analysis based on Product, Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024”, estimated to exceed USD 3 billion by 2024.

Based on product, the smart clothing market is classified into t-shirts, pants, shoes, undergarments, socks and jackets. Smart jackets enable the use of several internet and data-based applications without physically operating the actual electronic devices. The jackets include beneficiary features that connect music and camera applications along with the mobile device charging facility. All these factors will boost the smart wearable industry in the North American region at high growth rates.

The military & defense sector applications in the North American smart clothing market are expected to dominate over the forecast period. The growth is attributed to the increased Federal government initiatives toward the safety and infrastructure development of the army and defense organizations. These advanced solutions provide military officials with enhanced tactical advantages and data capabilities for identifying the potential threats on the battlefield. The organizations are increasingly developing smart textile-based military uniforms that enable the user to detect injuries & wounds and analyze the required treatments.

The prominent players of the North American smart clothing market include DuPont, Google Inc., Clothing Plus Ltd., Adidas AG, Schoeller Textil AG, Interactive Wear AG, Outlast Technologies LLC, Hexoskin, Lumo Bodytech, Inc., AiQ Smart Clothing, Inc., and Ralph Lauren.

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Table of Content:

Chapter 1.Methodology & Scope

Market scope & definitions
Research methodology

Chapter 2.Executive Summary

Chapter 3.Industry Insights

Industry segmentation
Industry ecosystem analysis
Industry impact forces
Growth drivers
Growth restraints
Regulatory overview
Porter’s analysis
PESTEL analysis
Competitive landscape

Chapter 4.North America Smart Clothing Market Size, by Product, 2013 – 2024

Chapter 5.North America Smart Clothing Market Size, by Application, 2013 - 2024

Chapter 6.North America Smart Clothing Market Size, by Country, 2013 – 2024

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About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

Contact Info:
Name: Parikhit B.
Email: Send Email
Organization: Graphical Research

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Source: MarketersMedia

Release ID: 88921058

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