There are immense opportunities in the other sectors as well. The Indian ecosystem is just experiencing the advent of wearable technology and while the initial focus is mainly on the fitness and healthcare sector, there is a lot of scope for innovation in the existing product line – such as gamification, introducing social incentives to encourage community / group adoption as well as building an augmented product by providing a comprehensive set of services and charging based on usage. The smart garments segment is still in its nascent stages in India, and very under-developed compared to its peers in the Asia Pacific. In addition, rising security concerns and increasing military and defense budgets across countries such as India and China is predicted to witness huge demand for these products. This can be attributed to the growing adoption of various wearable devices coupled with the increasing demand for advanced features in the products. The Asia Pacific smart clothing market is expected to witness substantial growth over the forecast timespan.
#THE NEXT BIG THING IN FITNESS PROFESSIONAL#
Increasing investments by various sports associations to eliminate the possibility of any preventable injuries of highly paid professional athletes is expected to fuel the industry growth. The US smart clothing market, the biggest hitherto in the world, is estimated to witness huge adoption and will dominate the industry with the significant revenue share.
In order to gain visibility into the health of a soldier as well as crucial battlefield insights, various government institutions are investing heavily to develop technologically advanced military uniforms. Military and defense applications are predicted to witness high growth with a CAGR of over 55 percent from 2017 to 2024. Smart jackets are set to witness growth over the future owing to the ability of these products to control the mobile devices of the wearer and connect to several services such as music and camera, device charging, etc., directly from the jacket. Projected to grow at over 50 percent CAGR from 2017 to 2024, these smart garments can provide biometric data such as heart rate, breathing rate and volume, muscle activity, etc., which are utilsed to optimize performance and workout plans professionally. Smart t-shirts are emerging as one of the most popular and widely used categories of this segment in recent times. The market is expected to balloon to over US$ 4 billion by 2024, and shipments are forecast to grow at over 50 percent CAGR. Additionally, incorporation of newly developed and advanced fibers such as nanofibers and hybrid materials is expected to drive the growth of smart clothing market.Īs per the US based global market research and management consulting company Global Market Insights Inc., the size of the smart clothing market was over US$ 150 million with shipments of around 800,000 units in 2016. In addition, the inclination of athletes towards the use of these products to prevent injuries and optimize their performance will have a positive impact on the business. Growing awareness among individuals regarding fitness is providing an impetus to the industry growth. The rising demand for monitoring body activities through sensors is expected to surge the demand for smart clothing market over the forecast timespan. Growing use across various industrial verticals such as sports and fitness, healthcare, military and defense is driving the smart clothing market globally. The integrated technology monitors the physical conditions of the user and uses big data analytics to predict and show the results.Newer smart clothing technologies can also sense and monitor the environment condition as well.Ī recent survey by the World Economic Forum (WEF) reveals that 92.1 percent of corporate leaders believe 10 percent of people will wear clothes connected to the internet by 2025, and 85.5percent believe 105 percent of eyewear will be internet connected. The fashion world, more so in the last few years, is abuzz with words like wearable technology, smart garments, intelligent garments, e-textiles, etc.Īlthough used interchangeably, in a broad sense, they all refer to any piece of clothing with integrated sensors and digital components.
Hence, it is but only natural that technology has heralded a propitious change in the way we dress and clothe ourselves today.Īfter the huge success of fitness wearables like Apple Watch, Fitbit, Polar fitness monitors, etc., etc., smartness and intelligence is progressively making inroads into the clothes we wear.
It has thoroughly morphed all aspects of human life - right from the way we communicate,travel, exchange information to the way we eat, live and drink. Technology is an indispensable part of our life today. We are fortunate to have been living in an era which will go down in history as the apogee of technological advancement.
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