Oct 6, 2020   SOURCE: BusinessWire

$2.2 Bn Smart Connected Clothing Markets - Global Trajectory & Analytics to 2027 - ResearchAndMarkets.com

The "Smart Connected Clothing - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Smart Connected Clothing Market to Reach $2.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Smart Connected Clothing estimated at US$241.7 Million in the year 2020, is projected to reach a revised size of US$2.2 Billion by 2027, growing at a CAGR of 37.2% over the analysis period 2020-2027.

Men, one of the segments analyzed in the report, is projected to record a 39.4% CAGR and reach US$1.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Women segment is readjusted to a revised 36.1% CAGR for the next 7-year period.

The U. S. Market is Estimated at $73.1 Million, While China is Forecast to Grow at 35% CAGR

The Smart Connected Clothing market in the U.S. is estimated at US$73.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$352.2 Million by the year 2027 trailing a CAGR of 35% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 34.1% and 31.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 25% CAGR.

Children Segment to Record 34.3% CAGR

In the global Children segment, USA, Canada, Japan, China and Europe will drive the 34.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$48.9 Million in the year 2020 will reach a projected size of US$384.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$269 Million by the year 2027.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • Carre Technologies, Inc.
  • Levi Strauss & Co.
  • SPINAL DESIGN
  • SUPAspot Inc.
  • Wearable X Inc.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Smart Connected Clothing Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

  • Smart Connected Clothing Global Market Estimates and Forecasts in US$ by Region/Country: 2020-2027
  • Smart Connected Clothing Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
  • Men (End-Use) Global Opportunity Assessment in US$ by Region/Country: 2020-2027
  • Men (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2020 VS 2027
  • Women (End-Use) Worldwide Sales in US$ by Region/Country: 2020-2027
  • Women (End-Use) Market Share Shift across Key Geographies: 2020 VS 2027
  • Children (End-Use) Global Market Estimates & Forecasts in US$ by Region/Country: 2020-2027
  • Children (End-Use) Market Share Breakdown by Region/Country: 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

  • Market Facts & Figures
  • Smart Connected Clothing Market Share (in %) by Company: 2019 & 2025
  • Market Analytics
  • Smart Connected Clothing Latent Demand Forecasts in US$ by End-Use: 2020 to 2027
  • Smart Connected Clothing Market Share Breakdown by End-Use: 2020 VS 2027

IV. COMPETITION

  • Total Companies Profiled: 43

For more information about this report visit https://www.researchandmarkets.com/r/ul3yrs