The global smart shoes market is anticipated to grow with a significant CAGR during the forecast period (2020-2026). The rapid pace of innovation in shoes industry is one of the major factors boosting the global smart shoes market. For instance, Altra and Under Armour’s sneakers that track distance and stride, while self-lacing or adjusting shoes are available in the market for different iterations. Additionally, the considerable research of new technologies to implement with shoes are also anticipated to impact the growth of the market in the near future. For instance, in January 2020, New Jersey, US-based university Stevens Institute of Technology developed an AI-powered smart sole which can analyze a person’s gait in real-time, in a real-world environment. It would be incredibly helpful for athletes to analyze and improve their performances.
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Furthermore, smart shoes can also be connected to Bluetooth devices which later assists in personalized coaching in real-time via a smartphone application. Hence, such features are anticipated to drive the adoption of smart shoes among athletes. Additionally, the continuously changing consumer behaviors especially the younger generation’s technology-driven product demand is significantly influencing the market. Moreover, smart shoes are also gaining huge popularity among the health-conscious population as it creates precise data about health-related issues such as fatigue, posture, steps, and calorie. These personalized and precise data can also be used further for improving health and preventing injuries.
Market Coverage
|
Market number
available |
2019-2026 |
|
Base Year |
2019 |
|
Forecast Period |
2020-2026 |
|
Segment Covered |
By End-User By Distribution
Channel |
|
Region Covered |
North America Europe Asia-Pacific Rest of the World |
|
Competitive Landscape |
Adidas AG PUMA SE Nike, Inc. Xiaomi Corp. |
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Global Smart Shoe Market Report Segment
By End-Users
By Distribution Channel
Global Smart Shoe Market Report Segment
North America
Europe
Asia-Pacific
Rest of the World
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