28 February 2023, Mumbai
The smart shoe market is expected to grow at a robust CAGR of 22.7% during the forecast period from 2023 to 2033. The market is expected to be worth US$ 269 million in 2023 and is anticipated to reach a value of US$ 2.1 billion by 2033.
The changing design and fashion, higher penetration of the latest technology, and the increasing adoption of smart wearables are driving the growth of the market.
Advanced connectivity options such as Bluetooth, and different options like smart shoes for runners, gamers, and senior citizens are also helping to fuel the market growth. Furthermore, the integration of personal smart wearables with smart shoes is also contributing to the growth of the market.
CREDITS: FMI Bytes
