Global Smart Fabrics Strategic Business Report 2023: Growing Use in the Fashion Industry Drives Smart Textiles Market


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% over the analysis period 2022-2030.

Sensing, one of the segments analyzed in the report, is projected to record a 21.7% 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% 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% 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% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.9% and 17.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 14.3% CAGR.

Select Competitors (Total 71 Featured) -

  • AiQ Smart Clothing Inc.
  • Clothing+
  • Dow Inc.
  • EXO2
  • Globe Manufacturing Company LLC
  • Intelligent Clothing Ltd.
  • Interactive Wear AG
  • Marktek Inc.
  • Milliken & Company
  • Ohmatex ApS
  • Outlast Technologies LLC
  • Schoeller Textiles AG
  • Sensoria Inc.
  • Smartex s.r.l
  • Toray Industries Inc.

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 AttributeDetails
No. of Pages288
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$4.5 Billion
Forecasted Market Value (USD) by 2030$20.6 Billion
Compound Annual Growth Rate20.9%
Regions CoveredGlobal

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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Global Market for Smart Fabrics

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