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$269 Million by the year 2027.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
Carre Technologies, Inc.
Levi Strauss & Co.
Wearable X Inc.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Smart Connected Clothing Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
Smart Connected Clothing Global Market Estimates and Forecasts in US$ 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
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
For more information about this report visit https://www.researchandmarkets.com/r/ul3yrs
View source version on businesswire.com: https://www.businesswire.com/news/home/20201006005826/en/
Laura Wood, Senior Press Manager
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