Dublin, April 28, 2023 (GLOBE NEWSWIRE) -- The "Smart Textiles: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Smart Textiles estimated at US$2.3 Billion in the year 2022, is projected to reach a revised size of US$13.8 Billion by 2030, growing at a CAGR of 24.9% over the analysis period 2022-2030.
Sensing, one of the segments analyzed in the report, is projected to record a 23.3% CAGR and reach US$3.8 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Energy Harvesting segment is readjusted to a revised 25.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $699.3 Million, While China is Forecast to Grow at 30.8% CAGR
The Smart Textiles market in the U.S. is estimated at US$699.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3 Billion by the year 2030 trailing a CAGR of 30.8% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.2% and 22.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 22.5% CAGR.
Select Competitors (Total 216 Featured) -
- Adidas AG
- AiQ Smart Clothing Inc.
- DuPont de Nemours, Inc.
- Google LLC
- Interactive Wear AG
- International Fashion Machines, Inc.
- Ohmatex A/S
- Schoeller Textil AG
- Sensoria Inc.
- Texas Instruments Incorporated
- Textronics Design Systems (I) Pvt. Ltd.
- Vista Medical Ltd.
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 | 587 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $2.3 Billion |
| Forecasted Market Value (USD) by 2030 | $13.8 Billion |
| Compound Annual Growth Rate | 25.1% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Smart Textiles - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Year 2020 Has Been a Year of Astounding Disruption & Unbelievable Transformation
- COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
- Rising Levels of Unemployment Threatens to Shrink the Middle Class Population, Impacting Industries Dependent on Discretionary Income: Unemployment in the U.S. (In Million)
- The First Vaccines Are Here! Will It Change the Existing Economic Realities? & Is it Really the Silver Bullet We Were Waiting For?
- How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: COVID-19 Vaccines In Millions of Annual Doses For Years 2020 Through 2025
- How the Apparel & Textile Industry Is Impacted by the Pandemic & What's the New Normal?
- Global Garments & Textiles Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- With the Sports Industry Reeling Under the Impact of Social Distancing Measures, Opportunities for Smart Textiles in This Space Shrinks in Year 2020
- The Worst Affected by the Pandemic, the Struggling Sports Industry Destroys All Hopes for Normalcy for All in the Value Chain: Global Sports Revenues (In US$ Billion)
- Sharp Decline in the Number of Tourists Impacts Sports Tourism Related Retail Trade: Global Number of International Tourist Arrivals at Airports Worldwide (In Million) for the Years 2019 & 2020
- Here's Everything You Need to Know About Smart Textiles: Definition, Scope, Types, Features, Benefits & Fabric Innovations
- Recent Market Activity
- Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increased Emphasis on Health & Fitness Post COVID-19 Promises to Make Amends for the Damages Sustained by Smart Sports & Fitness Textiles & Clothing in Year 2020
- With Workouts Shifting to Consumer Homes, Demand for Smart Indoor Workout Clothes to Witness New Growth Opportunities in the Post COVID-19 Period
- Smart Garments Emerge as Sub-Sets of Wearable Technology
- The Rise of Wearables: A Review
- What Does This Mean for E-Textiles?
- Wearable Technology Provides the Launchpad for Innovation & Adoption of Smart E-Textiles: Global Number of Wearable Technology Users (In Million) for Years 2019, 2021, 2023, 2025
- Global Wearable Technology Opportunity (In US$ Million) for Years
- Smart Textiles in Healthcare: An Attractive Application Opportunity
- Innovations Remain Crucial for Future Growth
- Energy Harvesting Textiles Key to the Development of Next-Generation Wearable Electronics
- Here's How AI Will Usher In the Era of Intelligent Fabric & Textile Innovation
- Global AI in Fashion Market (In US$ Million) for the Years 2019, 2021, 2023, 2025 & 2027
- The Quest to Create Super Soldiers Drives Interest in Military Smart Textiles
- Here's How Role of Nanotechnology in Smart Fabrics is Getting Bigger
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/5whvqt
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