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WiseGuyReports.Com Publish a New Market Research Report On –“ Smart Fashion (Clothes and Accessories) Market 2019–2022 : Global Growth Drivers, Opportunities, Trends, and Forecasts”.
Smart Fashion (Clothes and Accessories) Industry 2019
The smart fashion market is an emerging industry. Smart fashion includes internet-connected clothing and accessories. The evolutions in the textile and IT industry are boosting the worldwide smart fashion market. The market of wearable devices for ears, face, wrist, and feet is experiencing faster growth. The cultural shifts, as well as the change in the lifestyle and attitude of people, are driving the merges between the textile, fashion, and IT industries.
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The increase of the customer interest in the IT and smart textile is an opportunity for the market growth of the smart fashion market. The increasing consumer needs and the changing quality of life are anticipated to fuel the expansion of the smart fashion market.
The sports industry is the first to initiate the trend of smart fashion to track and monitor the heart rate and emotions. The ability to track and monitor the health of individuals is a driving factor for the global market growth. The growth of the industry is an opportunity for fashion designers to implement innovative ideas.
The integration and investment in the latest technologies is a market opportunity for the smart clothes and accessories market. The growing demand necessitates the companies to incorporate more sensors and applications to smart clothes.
Segmentation of Market
The worldwide smart fashion market is categorized into smart clothes and smart accessories. The global market of smart clothes is further segmented into jackets, t-shirts, shoes, socks, pants, and others. The market for pants and t-shirts is the leading segment with the highest market share and is expected to grow more in the forecast period. The incorporation of the wearable devices to track and monitor individual health is driving market growth.
The smart accessories market is divided into jewelry, wallets, bags, and other accessories. The jewelry segment is the leading market across the globe. The jewelry segment is anticipated to grow by a CAGR of 118.0% during the forecast period.
In terms of demography, the smart fashion market is segmented into men, women, and kids. The men segment is the leading market owing to the high comfort level of men to wear technological products. The growth of the women segment is expected to increase in the forecast period.
The regional markets of the worldwide smart fashion are Asia Pacific region, Europe region, the Middle East and Africa region, and others. America is the leading market for smart fashion. The growing acceptance of smart clothes as well as jewelry is the key driver for the market growth in the region. The improvements in knowledge sharing and the growing number of small startups are expected to increase the demand for smart fashion in the Asia Pacific region. The restriction of clothes for women in the Middle East and Africa region is a potential barrier to market growth in that region.
The leading market players of the worldwide smart fashion market are Ralph Lauren, Athos, OmSignal, Hexoskin, Sensoria Fitness, Clothing+, AiQ Smart Clothing, Owlet Baby Care, Adidas, Nike, Catapult Sports, and Under Armour.
Leading companies like Under Armour and Nike are focusing on developing smart clothing technologies. The partnerships between the tech specialists and the fashion companies are increasing to deliver the best to the smart fashion industry.
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