What Is The Current and Historic Market Size Analysis Of The Artificial Intelligence Based Shoe Market?
The artificial intelligence based shoe market has seen considerable growth due to a variety of factors.
• The market size of the shoe industry, driven by artificial intelligence, has increased dramatically in the past few years. It is projected to escalate from $277.26 billion in 2024 to $334.97 billion in 2025, marking a compound annual growth rate (CAGR) of 20.8%.
The accelerated growth during the previous years can be linked to the increasing demand for the integration of cloud technology, the rising complexity within IT environments, cost-effectiveness and improvement in operations, automation of business processes, and the worldwide expansion of businesses.
What are the Market Size and Expected Growth Rates for the Artificial Intelligence Based Shoe Market?
The artificial intelligence based shoe market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of shoes driven by artificial intelligence is anticipated to witness speedy expansion in the following years. The growth is slated to reach $647.69 billion by the year 2029, showcasing a compound annual growth rate (CAGR) of 17.9%.
The expected rise during the prediction period is believed to result from ai and machine learning amalgamation, security and compliance issues, incorporation of iot, real-time data amalgamation, and hybrid and multi-cloud integration. Key trends during this forecast period are expected to revolve around cybersecurity integration, enhanced focus on user experience, technological progress, event-driven architecture, and the inclusion of low/no-code integration.
Which Key Drivers Are Propelling The Artificial Intelligence Based Shoe Market's Growth?
The surge in sport activities is predicted to fuel the expansion of the market for AI-based shoes. Sports activities involve a myriad of physical activities, such as structured games, exercise routines, and contests involving physical and skill-based endeavors. AI-based shoes, aimed at enhancing athletic performance through real-time data analysis and custom fit adjustments during sports activities, are majorly used. For instance, data from the House of Lords Library in May 2024 discloses that approximately 22% of adults in Great Britain participate in at least one sport, while 58% follow a minimum of one sport, illustrating a strong bond with sports culture. Hence, the increasing popularity of sports activities is stimulating AI-based shoes market growth.
Artificial Intelligence-Based Shoe Market Driver: Surging Demand For Smart Wearables Stimulates Growth In The AI-Based Shoe Market
What Are The Key Segments Within The Global Artificial Intelligence Based Shoe Market?
The artificial intelligence-based shoe market covered in this report is segmented –
1) By Technology: Sensor Technology, Machine Learning And Artificial Intelligence, Algorithms, Connectivity
2) By Distribution Channels: Online Retail, Brick-And-Mortar Retail, Direct-To-Consumer (DTC)
3) By Application: Running And Athletic Shoes, Smart Casual And Sneakers, Medical And Therapeutic Shoes
4) By End-User: Athletes And Sports Enthusiasts, Fitness And Health Consumers, Casual And Fashion Users
Subsegments:
1) By Sensor Technology: Pressure Sensors, Motion Sensors, Temperature Sensors, Other Sensors
2) By Machine Learning and Artificial Intelligence: Predictive Analytics, Pattern Recognition, Data-Driven Personalization
3) By Algorithms: Adaptive Algorithms, Optimization Algorithms, Feedback Control Algorithms
4) By Connectivity: Bluetooth, Wi-Fi, NFC, Other Connectivity Technologies
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What Trends Are Reshaping The Future Of The Artificial Intelligence Based Shoe Market?
Key players active in the AI-infused shoe sector are concentrating on the production of adaptive artificial intelligence in a bid to create a competitive advantage in the marketplace. Adaptive artificial intelligence in footwear increases comfort and sustenance as it automatically adjusts in real-time based on its wearer's movements and inclinations. To illustrate, Shift Robotics, a US-founded producer of robotic shoes, introduced in October 2022 the Moonwalkers, the inaugural wearable mobility gadgets that enable the wearer to travel at the pace of running. These products incorporate an adaptive AI drivetrain that escalates the walking speed by as much as 250%. They are hands-free and use foot-initiated gestures to switch between shift and lock positions for movement and immobility. The devices also come with an anti-lock internal brake system for added safety and command.
Who Are the Key Players In The Artificial Intelligence Based Shoe Market?
Major companies operating in the artificial intelligence-based shoe market report are:
• Nike Inc.
• Adidas AG
• Puma SE
• Under Armour Inc.
• Asics Corp.
• Deckers Outdoor Corporation
• Wolverine World Wide Inc.
• Reebok International Ltd.
• Mizuno Corporation
• Brooks Sports Inc.
• Salomon SAS
• Patagonia Inc.
• Vivobarefoot Limited
• Ajanta Shoe Private Limited
• Orpyx Medical Technologies Inc.
• Scott Sports SA
• La Sportiva NA Inc.
• Shift Robotics
• Digitsole
• Sensoria Health Inc.
• ShiftWear
• Wiivv Wearables Inc.
• Altra Torin IQ
• Salted Venture
• Lumo
What Are The Regional Insights Into The Artificial Intelligence Based Shoe Market?
North America was the largest region in the artificial intelligence-based shoes market in 2024. The regions covered in the artificial intelligence-based shoe market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
