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Colombia Smart Clothing Market Size, Share, Analysis, Growth: By Textile Type: Active Smart, Passive Smart, Ultra-Smart; By Product: Upper Wear, Lower Wear, Innerwear, Others; By Application: Sports and Fitness, Healthcare, Military and Defence, Industrial and Mining, Entertainment, Others; Market Dynamics; Competitive Landscape; 2024-2032
Colombia Smart Clothing Market Outlook
The Colombia smart clothing market size was approximately USD 27.11 million in 2023. The market is assessed to grow at a CAGR of 23.8% between 2024 and 2032, reaching a value of USD 184.55 million by 2032.
Key Takeaways
- Smart clothing can transform the healthcare sector by cutting costs and improving patient care as these wearable garments can monitor chronic diseases, aid the elderly, and enhance comfort.
- Smart clothing is also being developed to prioritise health and well-being, providing functions like correcting posture, tracking sleep, and managing stress.
- Smart clothing is becoming more interconnected, with features like Bluetooth and smartphone compatibility. This allows users to easily access and analyse data, enhancing their overall experience.
The Colombia smart clothing market growth is propelled by the increasing tech-savvy population and the integration of modern technology in apparel and clothing. The advancements in the healthcare sector, driven by the adoption of cutting-edge technologies to enhance medical services, are creating a higher demand for smart clothing in Colombia. Additionally, the growth of the mining sector, a significant contributor to the Colombian economy, is also influencing the market for smart wearables. The utilisation of smart devices like compasses, GPS trackers, and altimeters in mining activities is also impacting the market positively.
In recent times, there has been a surge in individuals embracing a healthier way of life and engaging in sports activities as a response to growing health worries. This trend has led to a rise in the need for sportswear, boosting the Colombia smart clothing market share. Smart clothing plays a crucial role in tracking athletes' physical well-being by monitoring metrics such as respiratory rate, heart rate, and body temperature, thus aiding in injury prevention.
Moreover, the flourishing textile sector in Colombia presents a significant opportunity for integrating smart textiles to end products. Colombia boasts a strong business landscape, with approximately 12,000 companies operating in the fashion sector. These companies primarily consist of microenterprises and small to medium-sized enterprises, supported by a skilled and internationally acclaimed workforce. Furthermore, Colombian fashion businesses can benefit from importing essential resources and capital goods, that are not locally manufactured, at a zero percent tariff through trade agreements with various markets.
Market Segmentation
Colombia Smart Clothing Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Textile Type
- Active Smart
- Passive Smart
- Ultra-Smart
Market Breakup by Product
- Upper Wear
- Lower Wear
- Innerwear
- Others
Market Breakup by Application
- Sports and Fitness
- Healthcare
- Military and Defence
- Industrial and Mining
- Entertainment
- Others
Competitive Landscape
Market players are incorporating cutting-edge technology and interconnected devices to enhance the effectiveness of smart clothing, particularly within the healthcare and sports sector.
- Under Armour®, Inc.
- Tommy Hilfiger
- Ralph Lauren Corporation
- AiQ Smart Clothing
- Toray Industries, Inc
- Sensoria
- Myontec Oy
- Carré Technologies Inc
- KOMODO
- Levi Strauss & Co
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Textile Type |
|
| Breakup by Product |
|
| Breakup by Application |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Colombia Smart Clothing Market Overview
8.1 Key Industry Highlights
8.2 Colombia Smart Clothing Historical Market (2018-2023)
8.3 Colombia Smart Clothing Market Forecast (2024-2032)
9 Colombia Smart Clothing Market by Textile Type
9.1 Active Smart
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Passive Smart
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Ultra-Smart
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
10 Colombia Smart Clothing Market by Product
10.1 Upper Wear
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Lower Wear
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Innerwear
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Colombia Smart Clothing Market by Application
11.1 Sports and Fitness
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Healthcare
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Military and Defence
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Industrial and Mining
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Entertainment
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyers Powers
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Under Armour®, Inc.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Tommy Hilfiger
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Ralph Lauren Corporation
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 AiQ Smart Clothing
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Toray Industries, Inc
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Sensoria
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Myontec Oy
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Carré Technologies Inc
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 KOMODO
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 Levi Strauss & Co
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Colombia Smart Clothing Market: Key Industry Highlights, 2018 and 2032
2. Colombia Smart Clothing Historical Market: Breakup by Textile Type (USD Million), 2018-2023
3. Colombia Smart Clothing Market Forecast: Breakup by Textile Type (USD Million), 2024-2032
4. Colombia Smart Clothing Historical Market: Breakup by Product (USD Million), 2018-2023
5. Colombia Smart Clothing Market Forecast: Breakup by Product (USD Million), 2024-2032
6. Colombia Smart Clothing Historical Market: Breakup by Application (USD Million), 2018-2023
7. Colombia Smart Clothing Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Colombia Smart Clothing Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 27.11 million.
The market is projected to grow at a CAGR of 23.8% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 184.55 million by 2032.
The smart clothing market in Colombia is being driven by increased demand from the healthcare sector for improved patient care, the need for smart solutions to enhance sports performance, and the introduction of cutting-edge products.
The key trends aiding the market expansion include the adoption of advanced technologies across various sectors and the increasing engagement in sports and leisure activities.
The major textile types, according to the market report are active smart, passive smart, and ultra-smart.
The major products in the market are upper wear, lower wear, and innerwear, among others.
The major players in the market are Under Armour®, Inc., Tommy Hilfiger, Ralph Lauren Corporation, AiQ Smart Clothing, Toray Industries, Inc, Sensoria, Myontec Oy, Carré Technologies Inc, KOMODO, and Levi Strauss & Co, among others.
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