Smart Textiles Global Market is Projected to Reach $13.8 Billion by 2030: Smart Garments Emerge as Sub-Sets of Wearable Technology


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 AttributeDetails
No. of Pages587
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$2.3 Billion
Forecasted Market Value (USD) by 2030$13.8 Billion
Compound Annual Growth Rate25.1%
Regions CoveredGlobal

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

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

 
Global Market for Smart Textiles

Coordonnées