Smart Textile Market Overviews
Smart Textile Market size was valued at US $ 6.79 Billion in 2023 and the Smart Textile Market revenue is expected to grow at 28.40% through 2024 to 2030, reaching nearly US $ 39.08 Billion. The report analyzes Petrochemicals market dynamics by region and applications.
A digital component is embedded in smart textiles, also known as electronic textiles, e-textiles, smart garments, and fabrics. A battery, a led, an electronic chip, or a sensor can all be used. Various approaches, such as conductive fibers or multilayer 3D printing, are used to incorporate the technology into the fabric.
These are made and developed to incorporate technology that provides the user with more capability. Smart fabrics are designed to add value to the user’s experience, whether it’s for pleasure, performance, or safety. These include health, safety, security, and lifestyle monitoring applications.
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Smart Textile Market Scope and Methodology:
New technologies such as the Internet of Things (IoT) and artificial intelligence (AI) have altered the textile sector. To monitor and exchange the wearer’s data, such as heart rate, blood pressure, sweat, and temperature, new smart gear is being created that incorporates Bluetooth Low Energy (BLE), artificial intelligence (AI), edge computing, and cloud data. AI can access and collect historical and real-time operational data, as well as provide insights that can assist the wearer in being more productive. Pattern verification, defect analysis, and colour correction are some of the most prominent AI uses in smart textile manufacturing.
Smart Textile Market Regional Insights
In terms of value, the smart textiles market in North America held xx% of the global market share in 2020. The substantial demand for smart fabrics in the US, particularly from the military and protection, healthcare, and fitness verticals and sports, is one of the main aspects that has led to the North American smart textiles market’s leading position.
Smart TextileMarket Segmentation
In 2020, the performance enhancement smart textile segment was dominant and held almost xx% of the overall market share in terms of revenue. Fabrics designed to improve performance help human activities by regulating body temperature, perspiration, heart rate, respiration, and other factors. Clothing that regulates body temperature and fabrics that guard against environmental threats like radiation are two examples.
Smart Textile Market Key Players
DuPont (United States)
TE Connectivity (Switzerland)
Jabil (United States)
AIQ Smart Clothing (Taiwan)
Sensoria (United States)
Gentherm (United States)
Interactive Wear (Germany)
New Textile Technologies (Germany)
Outlast Technologies (United States)
Adidas (Germany)
Hexoskin (United States)
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Key questions answered in the Smart Textile Market are:
- What is Smart Textile ?
- What was the Smart Textile market size in 2023?
- What is the growth rate of the Smart Textile Market?
- Which are the factors expected to drive the Smart Textile market growth?
- What are the different segments of the Smart Textile Market?
- What growth strategies are the players considering to increase their presence in Smart Textile ?
- What are the upcoming industry applications and trends for the Smart Textile Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Smart Textile Market?
- Who are the leading companies and what are their portfolios in Smart Textile Market?
- What segments are covered in the Smart Textile Market?
- Who are the key players in the Smart Textile market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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