Europe Smart Clothing Market Size to Be Worth Over $1bn by 2024
Monday, August 26, 2019
Press release from the issuing company
According to the Graphical Research new growth forecast report titled “Europe 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 1 billion by 2024.
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Europe smart clothing market
Rising health and fitness awareness among the young population in European countries is driving the smart clothing market growth. Increasing number of fitness and modeling professionals in the UK and Italy is propelling the consumption of the intelligent textiles and clothes owing to the health maintenance benefits. The regional industry is majorly dominated by few and major manufacturing players covering a larger customer base. The growing adoption of connected technology in consumer electronics and wearables products in the Europe region is catering to the increased consumer preferences of consumers to buy smart products. This trend is expected to boost the smart clothing market at high rates in the coming years.
Based on product bifurcation, smart undergarments in the smart clothing market is expected to cover large revenue shares in Europe. Modern products have been developed by incorporating intelligent technology capable of controlling smartphones. They are integrated with fabric sensor arrays that enable wireless charging and can track heart rate, temperature, pressure, and hydration levels in the human body. Additionally, the garments are water resistant and can be washed on a regular basis without hindering the performance benefits.
The military & defense sector in the Europe smart clothing market will gain traction over the forecast time owing to the increased defense requirements for security of the officials. Government focus on providing advanced and smart wearables to the military workers will reduce potential battlefield threats. These products are used in providing extensive training to police and defense departments to enhance their performance by tracking fitness levels on a regular basis.
Prominent players of the Europe smart clothing market include Clothing+, Nike, Adidas, AiQ, Hexoskin, MAD Apparel, Wearable Technologies Service GmbH, Sympatex, Applycon, and Belginova NV.
Segments we Cover:
Europe Smart Clothing Market Statistics, By Product
Sports & Fitness
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