Global Smart Fashion Market to See Unbelievable Growth through 2022, Predicts Infoholic Research in Its Study Recently Added at MarketPublishers.com02 Feb 2017 • by Natalie Aster
LONDON – Today, wearable devices are considered to be the next evolution of the IT and textile industries. As of 2015, an upsurge in usage of wearable devices for ears, face, feet and wrists was witnessed globally; this was driven by changing lifestyles and cultural shifts, cyclical attitudes and robust increase in such industries as It, textile and fashion.
The sports industry was the pioneer in using the smart fashion trend with the introduction of devices able to monitor emotions and to track heart rate without connecting to a mobile device or smartwatch.
During the past several years, smartwatches and activity trackers captured the biggest shares of overall sales in the global wearable tech market.
Still, the smart fashion market is predicted to become the emerging one in the 5 coming years. This opportunity emerged from the increase in the number of clothing companies, focusing on the development of innovative designs. At present, increased consumer interest towards IT and smart textiles is observed in the fashion market, thus, fashion designers make attempts to come up with novel innovative ideas in order to expand the market share and also gain the competitive edge.
The global smart fashion market is predicted to grow at an unbelievable CAGR of 117% to exceed USD 2.9 billion in value by the year 2022.
Currently, Americas account for the major chunk of the global smart fashion market. It is followed by Western European countries.
Cutting-edge report “Worldwide Smart Fashion (Clothes and Accessories) Market (2016–2022)” prepared by Infoholic Research gives a detailed analysis and assessment of the global smart fashion market at different geographical levels. It discloses reliable updates info on the market performance, highlights the market dynamics and covers the top development trends. The study touches upon the hottest issues and important aspects, identifies the emerging opportunities and includes future forecasts through 2022, etc.
For other reports by this publisher, follow to the Infoholic Research page.