The Business Research Company’s Smart Textiles Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Smart Textiles Global Market Report 2023 evaluates smart textiles market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global smart textiles market is expected to grow from $9,301.1 million in 2026 at a rate of 29.9%. The market is then expected to grow at a CAGR of 26.1% from 2026 and reach $29,670.5 million in 2031.
The increasing demand for online shopping is expected to drive the smart textiles market. Sales of apparel or textile products is projected to hold a major share of the e-commerce market which will spur the demand for new textiles from the industry. According to an article published in Digitalcommerce360.com, online apparel sales accounted for 46.0% of total U.S. apparel sales in 2020. The projected increase in e-commerce activities is also expected to provide smart textiles manufacturers with a global platform to sell their products and reach a wider global audience than before, increasing their customer base geographically. Thus, driving the growth of the smart textiles market during the forecast period. Also, e-commerce portals have helped in boosting the sales of products by giving larger exposure to producers who were confined to one geography and online textiles stores can serve premium textiles from around the globe to fulfill the demand of textiles amongst millennials in order to create fashionable pieces.
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The smart textiles market segments in the report are:
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
The table of contents in TBRC’s smart textiles market report includes:
- Executive Summary
- Table of Contents
- List of Figures
- List of Tables
- Report Structure
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- Competitive Landscape And Company Profiles
- Key Mergers and Acquisitions
- Opportunities And Strategies
- Smart Textiles Market, Conclusions And Recommendations
- Appendix
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