Growing Use in the Fashion Industry Drives Smart Textiles Market

Micheal Johnson
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Global Market for Smart Fabrics

Global Market for Smart Fabrics

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?

  • 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.

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies – Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to digital archives and Research Platform

  • Complimentary updates for one year

Key Attributes:

Report Attribute

Details

No. of Pages

288

Forecast Period

2022 – 2030

Estimated Market Value (USD) in 2022

$4.5 Billion

Forecasted Market Value (USD) by 2030

$20.6 Billion

Compound Annual Growth Rate

20.9{5e37bb13eee9fcae577c356a6edbd948fa817adb745f8ff03ff00bd2962a045d}

Regions Covered

Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights

  • World Market Trajectories

  • Smart Fabrics: When Technology Meets Textile!

  • Recent Market Activity

  • Smart Fabrics – A Nascent Yet High Growth Market

  • Growth Drivers and Market Restraints – In a Nutshell

  • R&D Initiatives, Technology Innovations and Material Advancements: Playing a Critical Role in Expansion of Smart Fabrics Market

  • Promising Future Ahead for the Smart Textiles Market

  • Expanding Applications Bode Well for Smart Fabrics Market

  • Smart T-Shirts & Jackets: Promising Segments in Smart Fabrics Market

  • Developed Markets Hold Ground in Smart Fabrics Market, Developing Economies Positioned for Long-term Growth

  • High Cost, Compatibility & Power Supply Issues, and Privacy Concerns: Major Concerns to Address for the Smart Fabrics Market

  • Integration of Sensors into Garments – A Major Challenge for Smart Fabric Makers

  • Smart Fabrics – Global Key Competitors Percentage Market Share in 2022 (E)

  • Impact of Covid-19 and a Looming Global Recession

  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Industry Evolves from Passive to Active to Ultra-Smart Textiles

  • Smart Clothing Transforming the Wearable Technology Products Market

  • Smart Fabrics – the Next Big Wave of Wearables

  • Microencapsulation & Nanotechnology: Harbingers of Future Growth

  • Military – A Lucrative End-Use Sector

  • Increased R&D Initiatives in Smart Textiles for Military Applications

  • Healthcare – The Fastest Growing Application Market for Smart Textiles

  • Smart Textile Applications in Healthcare Industry

  • Smart Clothing Gains Acceptance in Neonatal Monitoring

  • Wearable Biomedical Sensors – A Potential Market Segment

  • Smart Sutures

  • Smart Socks Grow in Demand

  • A Glance at Few Startups in the Smart Medical Textiles Market

  • Telemonitoring for the Elderly: Opportunities for Smart Textiles Market

  • Aging Population: Opportunity for Telemonitoring

  • Smart Fabrics for Transportation Market: The Major End-Use Segment

  • Sports & Fitness – A Significant Revenue Contributor

  • Smart Inner Wear & Socks – Unique Wearables for Sports & Fitness Market

  • New Smart Wearables for Ensure Better Workouts

  • Improving Performance of Athletes in Professional Sports

  • Smart Clothing with Thermal Changes

  • Growing Use in the Fashion Industry Drives Smart Textiles Market

  • An Insight into Select Smart Fashion Brands

  • Ambient Computing Key to Fashion Technology

  • Demand for Smart Textiles in Space Application Grows

  • Energy-Producing Textiles Offer High Growth Potential

  • Smart Workwear – Addressing Needs of Employees in Hazardous Environments

  • Light Conducting Fibers Hold Enormous Potential

  • Self-Cleaning Textiles: The Focus of Innovations in Smart Fabrics Market

  • RMIT University Researchers Develop Self-Cleaning Nano-Enhanced Textiles

  • Smart Fabric Designs: Focus on Simplifying Interactions

  • Actuation and Response Applications Determine Market for SFITs

  • Product Innovations Stimulate Growth in Smart Fabrics Market

  • A Review of Select Product Developments in the Smart Fabric Market

  • A Look at Other Recent Launches/Developments in the Smart Fabric Market

  • Rigorous R&D Investments Spearhead Growth

  • Multidisciplinary Approach to a Complex R&D Structure

  • Public Funding for Smart Textiles R&D

  • 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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