Dublin, April 02, 2024 (GLOBE NEWSWIRE) -- The "Smart Textiles - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Smart Textiles estimated at US$2.8 Billion in the year 2023, is projected to reach a revised size of US$13.8 Billion by 2030, growing at a CAGR of 21.9% over the analysis period 2023-2030.
Sensing Function Textiles, one of the segments analyzed in the report, is projected to record 20.5% CAGR and reach US$3.8 Billion by the end of the analysis period. Growth in the Energy Harvesting Function segment of the smart textiles market is estimated at 22.6% CAGR for the next 8-year period.
The Smart Textiles market in the U.S. is estimated at US$855.2 Million in the year 2023. 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 26.9% over the analysis period 2023 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16% and 19.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 19.8% CAGR.
Key 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
- 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
- The Quest to Create Super Soldiers Drives Interest in Military Smart Textiles
- Here's How Role of Nanotechnology in Smart Fabrics is Getting Bigger
Select Competitors (Total 216 Featured)
- AIQ Smart Clothing Inc.
- Aksa Akrilik Kimya Sanayii AS
- Asiatic Fiber Corporation
- Agru America, Inc.
- AccuGeo Liner, Inc.
- ACE Geosynthetics
- Acmetex, Inc.
- Advanced Drainage Systems, Inc.
- ADVANSA Marketing GmbH
- Alyaf Industrial Co., Ltd.
- American & Efird LLC
- Arrow Technical Textiles Pvt., Ltd.
- ATEX Technologies Inc.
- Apex Mills
- Arville Textiles Ltd.
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 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- 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
- 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
- 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 2019, 2021, 2023, and 2025
- 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
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- United States
- Canada
- Japan
- China
- Europe
- France
- Germany
- Italy
- United Kingdom
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- Rest of World
- Africa
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/ke3j7v
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