Global Market for Smart Fabrics
Dublin, April 18, 2023 (GLOBE NEWSWIRE) — The “Smart Fabrics: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Smart Fabrics estimated at US$4.5 Billion in the year 2022, is projected to reach a revised size of US$20.6 Billion by 2030, growing at a CAGR of 21.1{5e37bb13eee9fcae577c356a6edbd948fa817adb745f8ff03ff00bd2962a045d} over the analysis period 2022-2030.
Sensing, one of the segments analyzed in the report, is projected to record a 21.7{5e37bb13eee9fcae577c356a6edbd948fa817adb745f8ff03ff00bd2962a045d} CAGR and reach US$8.8 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Energy Harvesting & Thermoelectricity segment is readjusted to a revised 23.5{5e37bb13eee9fcae577c356a6edbd948fa817adb745f8ff03ff00bd2962a045d} CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 20.1{5e37bb13eee9fcae577c356a6edbd948fa817adb745f8ff03ff00bd2962a045d} CAGR
The Smart Fabrics market in the U.S. is estimated at US$1.3 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2030 trailing a CAGR of 20.1{5e37bb13eee9fcae577c356a6edbd948fa817adb745f8ff03ff00bd2962a045d} over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.9{5e37bb13eee9fcae577c356a6edbd948fa817adb745f8ff03ff00bd2962a045d} and 17.9{5e37bb13eee9fcae577c356a6edbd948fa817adb745f8ff03ff00bd2962a045d} respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 14.3{5e37bb13eee9fcae577c356a6edbd948fa817adb745f8ff03ff00bd2962a045d} CAGR.
Select Competitors (Total 71 Featured) –
What`s New for 2023?
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Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
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Global competitiveness and key competitor percentage market shares
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Market presence across multiple geographies – Strong/Active/Niche/Trivial
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Online interactive peer-to-peer collaborative bespoke updates
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Access to digital archives and Research Platform
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Complimentary updates for one year
Key Attributes:
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Report Attribute |
Details |
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No. of Pages |
288 |
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Forecast Period |
2022 – 2030 |
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Estimated Market Value (USD) in 2022 |
$4.5 Billion |
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Forecasted Market Value (USD) by 2030 |
$20.6 Billion |
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Compound Annual Growth Rate |
20.9{5e37bb13eee9fcae577c356a6edbd948fa817adb745f8ff03ff00bd2962a045d} |
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Regions Covered |
Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
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Influencer Market Insights
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World Market Trajectories
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Smart Fabrics: When Technology Meets Textile!
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Recent Market Activity
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Smart Fabrics – A Nascent Yet High Growth Market
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Growth Drivers and Market Restraints – In a Nutshell
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R&D Initiatives, Technology Innovations and Material Advancements: Playing a Critical Role in Expansion of Smart Fabrics Market
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Promising Future Ahead for the Smart Textiles Market
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Expanding Applications Bode Well for Smart Fabrics Market
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Smart T-Shirts & Jackets: Promising Segments in Smart Fabrics Market
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Developed Markets Hold Ground in Smart Fabrics Market, Developing Economies Positioned for Long-term Growth
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High Cost, Compatibility & Power Supply Issues, and Privacy Concerns: Major Concerns to Address for the Smart Fabrics Market
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Integration of Sensors into Garments – A Major Challenge for Smart Fabric Makers
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Smart Fabrics – Global Key Competitors Percentage Market Share in 2022 (E)
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Impact of Covid-19 and a Looming Global Recession
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Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
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Industry Evolves from Passive to Active to Ultra-Smart Textiles
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Smart Clothing Transforming the Wearable Technology Products Market
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Smart Fabrics – the Next Big Wave of Wearables
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Microencapsulation & Nanotechnology: Harbingers of Future Growth
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Military – A Lucrative End-Use Sector
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Increased R&D Initiatives in Smart Textiles for Military Applications
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Healthcare – The Fastest Growing Application Market for Smart Textiles
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Smart Textile Applications in Healthcare Industry
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Smart Clothing Gains Acceptance in Neonatal Monitoring
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Wearable Biomedical Sensors – A Potential Market Segment
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Smart Sutures
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Smart Socks Grow in Demand
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A Glance at Few Startups in the Smart Medical Textiles Market
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Telemonitoring for the Elderly: Opportunities for Smart Textiles Market
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Aging Population: Opportunity for Telemonitoring
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Smart Fabrics for Transportation Market: The Major End-Use Segment
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Sports & Fitness – A Significant Revenue Contributor
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Smart Inner Wear & Socks – Unique Wearables for Sports & Fitness Market
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New Smart Wearables for Ensure Better Workouts
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Improving Performance of Athletes in Professional Sports
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Smart Clothing with Thermal Changes
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Growing Use in the Fashion Industry Drives Smart Textiles Market
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An Insight into Select Smart Fashion Brands
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Ambient Computing Key to Fashion Technology
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Demand for Smart Textiles in Space Application Grows
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Energy-Producing Textiles Offer High Growth Potential
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Smart Workwear – Addressing Needs of Employees in Hazardous Environments
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Light Conducting Fibers Hold Enormous Potential
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Self-Cleaning Textiles: The Focus of Innovations in Smart Fabrics Market
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RMIT University Researchers Develop Self-Cleaning Nano-Enhanced Textiles
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Smart Fabric Designs: Focus on Simplifying Interactions
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Actuation and Response Applications Determine Market for SFITs
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Product Innovations Stimulate Growth in Smart Fabrics Market
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A Review of Select Product Developments in the Smart Fabric Market
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A Look at Other Recent Launches/Developments in the Smart Fabric Market
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Rigorous R&D Investments Spearhead Growth
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Multidisciplinary Approach to a Complex R&D Structure
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Public Funding for Smart Textiles R&D
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A Review of Select Smart Fabric Research Initiatives
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/dz8l6j
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