Smart Shoe Market – Global Opportunities & Forecast, 2020-2027

The growing popularity of smart wearables, the rising trend of participating in different sports and fitness activities are the key factors surging the growth of the global smart shoe market in the upcoming years. Several multinational giants are aiming at product innovation, such as the development of smart shoe with the improved comfort level, will attract a wide number of consumers to opt for these shoes. For example, Nike recently introduced the innovative self-lacing HyperAdapt 1.0 shoes, with pressure sensors in the soles that sense when the foot is inside the shoes and allows automatic lacing. Moreover, the rising adoption of athleisure and fitness, along with the emerging demand for sneakers, are some factors boosting the demand of the market. The smart shoes are equipped with Bluetooth controlled insoles and sensors, which are used to track the overall distance traveled by the user. They also tell the total calories burned in a day, along with other health-specific biometric data.