Global Smart Textiles Market Size and Forecast 2024-2033 | Koninklijke Ten Cate NV, Schoeller Textil AG, Eeonyx Corporation, Tex-Ray Industrial Co. Ltd., AiQ Smart Clothing Inc., Sensoria Inc.

The Smart Textiles by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Smart Textiles Market:
https://www.thebusinessresearchcompany.com/report/smart-textiles-global-market-report

According to The Business Research Company’s Smart Textiles, The smart textiles market size has grown exponentially in recent years. It will grow from $4.46 billion in 2023 to $5.81 billion in 2024 at a compound annual growth rate (CAGR) of 30.2%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increased internet penetration, increasing millennial population, low interest rate environment and urbanization.

The smart textiles market size is expected to see exponential growth in the next few years. It will grow to $16.03 billion in 2028 at a compound annual growth rate (CAGR) of 28.9%. The growth in the forecast period can be attributed to increasing e-commerce, increasing demand for sportswear, increasing adoption of 5g networks, rising population and internet of things (iot) . Major trends in the forecast period include focus smart fabric technology, wearable tele-rehabilitation platform, technology development, digital testing, product launch and innovative smart garments.

Surging demand for smart wearable devices is expected to propel the growth of the smart textiles market going forward. Smart wearable devices are electronic devices powered by microprocessors that are integrated into clothing, worn as accessories, and implanted in the body to send and receive data via the internet. Smart wearable devices include smart jackets, smart glasses, smart shirts, smart jewelry, smart watches, and others. There is a surge in demand for smart wearable devices as they provide real-time information on users’ well-being and are the future of portable energy systems, high-tech sportswear, health monitoring systems, workwear, and military camouflages. For instance, according to Cisco Systems, a US-based networking hardware company, the number of connected wearable devices is expected to reach 1,105 million by 2022, up from 593 million in 2021. Therefore, the surging demand for smart wearable devices is promoting the growth of the smart textiles market.

Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample_request?id=5595&type=smp

The smart textiles market covered in this report is segmented –

1) By Type: Passive, Active and Ultra-smart
2) By Function: Energy Harvesting, Sensing, Thermoelectricity, Luminescent and Other Functions
3) By End Users: Fashion and Entertainment, Sports and Fitness, Medical, Automotive, Protection and Military, Architecture and Other End Users

Technological advancements are shaping the smart textiles market. Major companies operating in the smart textiles sector are focused on developing advanced technological solutions for smart textiles to strengthen their position in the market. For instance, in May 2021, Nextiles, Inc., a US-based technology company specializing in the development of smart technologies for human fabrics, launched smart fabric based on smart thread technology. This technology is a low-power wireless radio protocol for the smart home that enables direct communication between devices. These smart fabrics can capture real-time streaming of biometric and biomechanical data over Bluetooth to monitor force, bending, stretching, velocity, and pressure due to human activities.

The smart textiles market report table of contents includes:

1. Executive Summary

2. Smart Textiles Market Characteristics

3. Smart Textiles Market Trends And Strategies

4. Smart Textiles Market – Macro Economic Scenario

…

32. Global Smart Textiles Market Competitive Benchmarking

33. Global Smart Textiles Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Smart Textiles Market

35. Smart Textiles Market Future Outlook and Potential Analysis

The Business Research Company

Europe: +44 207 1930 708