Smart Athletic Apparels Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global smart athletic apparel market is anticipated to grow at a CAGR of 8.5% during the forecast period (2022-2028). Smart apparels that are frequently referred to as high-tech clothing, smart garments, smart wear, electronic textiles, smart textiles, e-textiles, monitor clothing, or smart fabrics, are clothing items that have been enhanced with technology to add functionality beyond that of the traditional use. The increase in the demand for smart apparel especially in sports and the new technological advancement that are available such as garments that can analyze heart rate and changes in heart rate which uses electrocardiogram (ECG) technology to monitor are driving the growth of the market. Additionally, the need to avoid sports injuries and improve the performance of athletes and an increase in the contract cost of the athletes are encouraging the growth of the market.

The market is segmented based on the type, application, and distribution channel. Based on the type, the market is sub-segmented into the smart shirt, smart wristband, sports watch, and others. A smart shirt comes with the ability to offer biometric data such as heart rate, breathing rate, and muscle activity, which enables an athlete to perform optimally. A smart wristband allows people for keeping track of data and information. A sports watch combines the functions of a stopwatch, alarm, and classic wristwatch into one technological timepiece. A sports watch is water-resistant, shock-resistant, and can support the sportsman to improve their lap time.

Some major players in the market include Garmin Ltd., LG Electronics, and Catapult Group International Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in September 2021, Rice University Researchers developed a smart shirt to monitor the heart rate of a person. Additionally, in December 2020, Samsung entered the Indian market by launching its smart clothing care solution Air Dresser, supporting refresh clothes without washing.

Market Coverage                                                                      

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
  • By Distribution Channel
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Garmin Ltd., LG Electronics, and Catapult Group International Ltd., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Smart Athletic Apparels Market Report by Segment

By Type

• Smart Shirt
• Smart Wrist Band
• Sports Watch
• Others

By Application

• Man
• Women
• Children

By Distribution Channel

• Specialty Stores
• Online Stores
• Others