Global Market Insights anticipates shipments increasing by more than 50% annually.
Shikha Sinha, Global Market Insights, Inc.09.14.17
The Smart Clothing market size is set to exceed USD $4 billion by 2024 and shipments are forecast to grow at over 50% CAGR, according to a new research report by Global Market Insights, Inc.
Growing adoption of smart products by professional athletes to optimize the performance level and prevent potential injuries is anticipated to drive the smart clothing market across the globe. Due to the increasing contract costs of athletes, the sports associations are heavily spending on these products to eliminate the possibility of any injuries. The surge in demand for remote monitoring of patients followed by hospital staff injuries also provides significant growth opportunities to the smart clothing market.
Rising awareness associated with fitness coupled with the demand for monitoring body activities such as blood pressure and heart rate is expected to catapult the smart clothing market demand. The launch of products with advanced specifications such as tracking muscle acti
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