The pandemic has significantly affected the smart clothing market
GlobalData has found that clothes and footwear with integrated sensors that transmit biometric information and other datasets are likely to be worth over $4 billion by 2030.
Nowadays, smart clothing is largely targeted at people interested in health and fitness. Nevertheless, the sports, healthcare, and military industries will become key users in the coming years as the value in continuous monitoring of physical activity is recognized. The industry will pass the $1 billion revenue mark by 2023, the report states.
As of 2020, the sector was worth $668 million in 2020, and the 10 -year period will see growth at a compound annual growth rate of 21%.
We’ve reported that smart clothing is expected to overtake the fitness wearable sector.