Wearable tech could be worth US$57.7bn by 2022

MICE News
Thursday, 29 June 2017
The growth of wearable technologies is revolutionising the way people connect through smart devices, and also impacting the fashion industry.
According to a study by Allied Market Research, the wearable technology market was valued at US$19.6 billion in 2015, growing at a compound annual growth rate of 16.2 per cent to reach US$57.7 billion by 2022.
 
The forecast highlights the sector's potential to boost the overall fashion industry.

The topic will be examined at an 11 July seminar entitled "Wearable Technologies for Future Fashion." Jointly organised by the HKTDC and the Hong Kong Research Institute of Textiles and Apparel, the session is part of a seminar series to be held at the 24th Fashion Week for Spring/Summer, which will run 10-13 July at the Hong Kong Convention and Exhibition Centre.

Other seminars to be held at Fashion Week for Spring/Summer also spotlight major industry trends and topics, including 'Visionary Trends for Autumn/Winter 2018/19 for Women's and Men's Wear' presented by Fashion Snoops, 'The Woolmark Company Presents: New Generation of Merino Wool Innovation - Wool Denim Wear and Wool Sneakers,' 'Tips on Marketing Your E-tailing Business' and 'Testing and Certification Services for Textiles and Garments'. 

Under the theme 'Style in Motion,' this year's Fashion Week will feature some 1,100 international exhibitors from 19 countries and regions, including newcomers from Canada, Nepal, Saudi Arabia and Vietnam. Nepal and Italy will stage group pavilions for the first time, joining India, Indonesia, Japan, South Korea, Macau and Thailand.

For easy sourcing, trending fashion items will be featured in sections focusing on garment, fashion accessories and upstream supplies. Exhibits will include offerings from international brands, designers' collections, fabrics, footwear, jewellery, accessories and related professional services. The new Fashionable Sportswear and Urban Clothing zones will cater to the growing demand for this product segment.
 
Other highlights at Fashion Week will include a series of international fashion parades, such as one featuring designs from Saudi Arabia, which is among countries covered by China's Belt and Road Initiative. Industry players are also invited to attend a networking reception to build contacts.
Fashion Week Spring/Summer also offers a platform for young designers to introduce their work to international buyers. 

Wearable tech could be worth US$57.7bn by 2022

MICE News
Thursday, 29 June 2017
The growth of wearable technologies is revolutionising the way people connect through smart devices, and also impacting the fashion industry.
According to a study by Allied Market Research, the wearable technology market was valued at US$19.6 billion in 2015, growing at a compound annual growth rate of 16.2 per cent to reach US$57.7 billion by 2022.
 
The forecast highlights the sector's potential to boost the overall fashion industry.

The topic will be examined at an 11 July seminar entitled "Wearable Technologies for Future Fashion." Jointly organised by the HKTDC and the Hong Kong Research Institute of Textiles and Apparel, the session is part of a seminar series to be held at the 24th Fashion Week for Spring/Summer, which will run 10-13 July at the Hong Kong Convention and Exhibition Centre.

Other seminars to be held at Fashion Week for Spring/Summer also spotlight major industry trends and topics, including 'Visionary Trends for Autumn/Winter 2018/19 for Women's and Men's Wear' presented by Fashion Snoops, 'The Woolmark Company Presents: New Generation of Merino Wool Innovation - Wool Denim Wear and Wool Sneakers,' 'Tips on Marketing Your E-tailing Business' and 'Testing and Certification Services for Textiles and Garments'. 

Under the theme 'Style in Motion,' this year's Fashion Week will feature some 1,100 international exhibitors from 19 countries and regions, including newcomers from Canada, Nepal, Saudi Arabia and Vietnam. Nepal and Italy will stage group pavilions for the first time, joining India, Indonesia, Japan, South Korea, Macau and Thailand.

For easy sourcing, trending fashion items will be featured in sections focusing on garment, fashion accessories and upstream supplies. Exhibits will include offerings from international brands, designers' collections, fabrics, footwear, jewellery, accessories and related professional services. The new Fashionable Sportswear and Urban Clothing zones will cater to the growing demand for this product segment.
 
Other highlights at Fashion Week will include a series of international fashion parades, such as one featuring designs from Saudi Arabia, which is among countries covered by China's Belt and Road Initiative. Industry players are also invited to attend a networking reception to build contacts.
Fashion Week Spring/Summer also offers a platform for young designers to introduce their work to international buyers.