Smart Clothing Statistics 2024 by Revenue and Facts

introduce

Smart clothing statistics: Smart clothing is an advanced fusion of technology and fashion, equipped with electronic components such as sensors, transmitters and receivers. The clothes are designed to track the user’s biometrics, heart rate, body temperature and breathing, and can react based on changes and many other characteristics. Currently, demand appears to be highest in the sports and defense sectors. If you want to know the facts, this smart clothing statistics will effectively guide you to understand the different smart clothing market segments and their current global trends.

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• The global smart clothing market is expected to reach US$5.3 billion by 2024 and US$7.63 billion by the end of 2026.
• The healthcare industry and professional athletes will account for nearly 30% of market revenue.
• The Asia-Pacific region is expected to grow fastest The compound annual growth rate from 2022 to 2032 is 14%.
• During the same period, the demand for smart shirt products will span The compound annual growth rate is 14%.
• The use of smart medical clothing should be able to cover Global market share 30%.
• By 2024, the North American smart clothing market is expected to reach 3 billion US dollars, with a compound annual growth rate of 50% from 2017 to 2024.
• In the United States, the market value of smart apparel for professional athletes and healthcare industries is expected to be It will reach US$23.28 billion by 2026.
• The top 5 smart clothing manufacturers, such as Nike, Adidas, Under Armor, Hexoskin and Levi’s hold 25% of the market share.
• The total market revenue generated by China will become the fastest growing country for smart clothing, resulting in $17.5 billion from 2023 to 2029.
• Total smart clothing shipments expected to grow in 2024 11.9%.

Facts about smart clothing

• Advanced sensors on the smart shirt can monitor heart health and diabetes management, enable muscle relaxation, and improve overall quality of life.
• The industry has a wide range of products to choose from such as smart socks, insoles, pants, jackets, shirts, dresses, suits, scarves, bras, and shoes.
• The best technical apparel on the market as of 2024 include Nadi X Yoga Pants, Sensoria Fitness Socks, Levi’s Commuter x Jacquard Jacket, UA Recover Clothing, Siren Diabetic Socks, Snap Spectacles 3, and Neviano Swimsuits.
• Some practical benefits of using smart clothes are monitoring health, improving athletic performance and improving sleep.
• Other disadvantages include high cost, disruption to daily life and privacy issues

General smart clothing statistics

• It is expected that by 2032, the smart clothing industry will be valued at US$23.28 billion.
• Over the next decade, from 2022 to 2032, the global industry is expected to expand at a compound annual growth rate of 25%.
• The main leading smart clothing service providers include Smart Clothing Inc., Alphabet Inc., Sensoria Inc., OMsignal Inc., CuteCircuit Ltd., Carre Technologies Inc., MAD Apparel Inc., Wearable X, etc.
• Analysts at Goldstein Research said that the market size of this industry will grow to US$1.175 billion by 2025, with a compound annual growth rate of 29.3% from 2017 to 2025.

Smart clothing and global electronic textiles market size statistics

(9-year analysis from 2021 to 2028)

(Reference: acumenresearchandconsulting.com)

• The global market valuation of smart clothing and electronic textiles in 2023 is US$3.4154 billion.
• Due to technological advancements in the next few years, the use of smart clothing in different fields will further increase, such as 2024 (USD 4.4598 billion), 2025 (USD 5.908 billion), 2026 (USD 7.9604 billion), 2027 (USD 10.8691 billion) ) and 2028 ($15.0189 billion).
• The industry’s compound annual growth rate is expected to reach 32.3% from 2021 to 2028.

Comparative statistics of smart clothing market size

(5 years analysis)

(Reference: statista.com)

• A report released by Mordor Intelligence in early 2020 stated that the smart clothing market is expected to reach US$4.95 billion by 2024.
• A 2019 report from Markets and Markets said the market size will exceed $5.3 billion.
• At the same time, two reports released by Mordor Intelligence (2020) and Grand View Research (2019) stated that the market size of the industry will reach US$5.93 billion and US$5.64 billion respectively by the end of 2025.
• According to a report released by 2021 Research and Markets, the global smart clothing/fabric market is expected to reach US$6.42 billion by the end of 2027.

by geography

• The Asia-Pacific region is expected to grow at a compound annual growth rate of up to 14% from 2022 to 2032.
• Other regions, such as the European and North American markets, will grow at a CAGR of more than 12% and 10% respectively during the above forecast years.
• In addition, the annual growth rate of each country during the same period will reach 18% (United States), 14% (China), India (12%) and France (10%)

(Reference: cloudfront.net)

• The North American smart clothing market is expected to reach US$3 billion by 2024, with a compound annual growth rate of 50% from 2017 to 2024.

by demographics

• As of 2023, women are the largest users of smart clothing, accounting for 81.3%, and men are 18.7%.
• The age group statistics of users are as follows: 18 to 25 years old (86.2%), 26 to 30 years old (9.3%), and over 31 years old (4.4%).
• Divided by academic qualifications, the usage proportions are graduate students and above (40%), university (57.3%), and high school (2.7%)

Classified by industry

(Source: nextmsc.com)

• Recently, in the smart apparel industry, the military and industrial submarkets are expected to achieve leading market growth with a CAGR of 36% from 2016 to 2026.
• As of 2023, the smart military uniform market is valued at US$660 million and is expected to exceed US$1.35 billion by 2028, with a compound annual growth rate of 15.37% from 2023 to 2028.
• The smart clothing market has brought huge growth of $15 billion to the healthcare industry.
• The application of smart clothing in the healthcare field is expected to occupy 30% of the global market, with the Asia-Pacific region having the highest compound annual growth rate from 2020 to 2026, reaching 24.5%.
• From 2024 to 2029, the compound annual growth rate of smart clothing/fabrics in the sports and fitness industry will reach 25.70%.

by product type

(Source: fairfieldmarketresearch.com)

• The global sportswear market size has reached US$393.2 billion in 2023, and is expected to be close to US$627.3 billion by 2032, with a growth rate of 5.2%.
• According to a report released by Statista, the smart workwear market will reach US$292 billion by 2023.
• As of the end of 2023, smart pajamas will be valued at US$12.623 billion, with a compound annual growth rate of 10.1% from 2023 to 2029.
• Finally, the market valuation of this smart shoe is US$270 million.

By material type

(Source: idtechex.com)

• According to the Electronic Textiles and Smart Clothing Market, a survey of 256 industry players was conducted in 2023 to indicate their preferred material types for manufacturing smart clothing.
• 78% of respondents have used conductive fibers and 49% have used conductive inks.
• Additionally, other material types used include fiber only (47%), ink only (18%), ink and fiber (11%), ink and polymer (4%), fiber and polymer (2%), and all three species (17%).

Intelligent fabric statistics

(Source: mordorintelligence.com)

• By 2024, the market size of smart fabrics is expected to reach US$6.81 million.
• The industry will grow at a CAGR of 10.85% annually and is expected to cross $11.38 million by the end of 2029.

in conclusion

Smart clothing is new in the global market and will soon become a part of our daily lives like smartphones and other smart wearable devices. As technology continues to advance, manufacturers are doing their best to push the market to the highest peak with smart features. As mentioned in this article, there are many smart clothing options available. Smart clothing embodies our personality and enhances our lifestyle; therefore, the industry will expand significantly in the future.

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