Smart Apparel Market size was valued at USD 4.2 Billion in 2024 and is projected to reach USD 10.3 Billion by 2033, exhibiting a CAGR of 10.3% from 2026 to 2033.
South Korea's smart apparel market is experiencing significant growth, driven by advancements in wearable technology and increasing consumer demand for health-focused clothing. In 2023, the market generated a revenue of USD 87.1 million, with projections estimating it will reach USD 256.5 million by 2030, growing at a CAGR of 16.7% from 2024 to 2030. The market encompasses various types of smart apparel:
Passive Smart Clothing: These garments incorporate basic sensors to monitor physical activity and vital signs.
Active Smart Clothing: Equipped with actuators, these clothes can respond to environmental stimuli, such as temperature changes.
Ultra Smart Clothing: Featuring advanced functionalities, they can adapt to the wearer's needs, offering real-time feedback and adjustments.
Industries are increasingly integrating smart apparel into their operations:
Healthcare: Utilizing smart garments for patient monitoring and rehabilitation.
Sports and Fitness: Athletes use these clothes to track performance metrics and prevent injuries.
Military and Defense: Incorporating smart textiles for enhanced soldier monitoring and communication.
Fashion: Designers are blending technology with style to create interactive clothing.
The adoption of smart apparel is further supported by South Korea's robust textile industry, which reached a market size of USD 32.63 billion in 2023. The industry's focus on sustainable practices and innovation aligns with the growing demand for eco-friendly smart clothing. As technology continues to evolve, the smart apparel market in South Korea is poised for continued expansion, offering new opportunities across various sectors.
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Jabil
Jacquard
MAD Apparel Inc
Nike
Ralph Lauren Corporation
Samsung
Sensoria Inc.
Siren
Under Armour
Wearable X
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Smart Apparel Market
Smart Clothing
Smart Footwear
Smart Accessories
Bluetooth
Wi-Fi
Near Field Communication (NFC)
Infrared
Fitness Enthusiasts
Healthcare Providers
Sports Professionals
Consumers
Sports & Fitness
Healthcare & Medical
Fashion & Lifestyle
Military & Defense
Online
Offline
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Smart Apparel Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Smart Apparel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Smart Apparel Market, By Type
6. South Korea Smart Apparel Market, By Application
7. South Korea Smart Apparel Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Smart Apparel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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