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Expert's Opinion

Smart Clothing Market Sales Forecasted at $4 Billion by 2024

Global Market Insights anticipates shipments increasing by more than 50% annually.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

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...

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