March 25, 2020
According to the research report titled ‘North America Smart Clothing Market Size by Product, Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024’, available with Market Study Report LLC, North America smart clothing market is expected to surpass USD 3 billion by the year 2024.
Rising focus towards improving the performance and reducing the risk of injury among sports persons and professional athletes is fostering the demand for smart clothing in North America. Various sports associations in the U.S. are concentrating on offering intelligent clothing to respective players in order to enhance productivity and attain health benefits. Changing consumer lifestyle and rapid urbanization are also aiding the market expansion. Increasing awareness pertaining to health and fitness is driving the North America smart clothing industry.
As per product type, the report states that smart jackets segment is expected to grow substantially during the forecast period. Smart jackets enable usage of various internet applications without the need of operating the actual electronic device. It allows access to camera and music applications as well as provides charging facility.
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Based on the application spectrum, North America smart clothing industry from military & defense segment is presumed to expand considerably during the estimated timeframe. Favorable federal initiatives towards infrastructural improvement of defense organizations and development of smart apparels for military personal is fueling the segmental growth.
The market majors operating in North America smart clothing market are Ralph Lauren, AiQ Smart Clothing Inc., Lumo Bodytech Inc., Hexoskin, Outlast Technologies LLC, Interactive Wear AG, Schoeller Textil AG, Adidas AG, Clothing Plus Ltd., Google, Inc., and DuPont.
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