Dublin, July 31, 2024 (GLOBE NEWSWIRE) -- The "Smart Fabrics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Smart Fabrics was valued at an estimated US$6.1 Billion in 2023 and is projected to reach US$23.1 Billion by 2030, growing at a CAGR of 20.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The growth in the smart fabrics market is driven by several factors. The increasing consumer interest in health and fitness is a primary driver, leading to the adoption of smart textiles in sports and fitness apparel that can monitor and improve physical performance. Technological advancements in sensors, nanotechnology, and wireless connectivity are enhancing the capabilities and applications of smart fabrics, making them more appealing across various industries.
The rising demand for remote patient monitoring and non-invasive diagnostic tools in the healthcare sector is another significant driver, as smart fabrics offer innovative solutions for continuous health monitoring. The fashion industry’s embrace of smart textiles for their unique aesthetic and functional properties is also contributing to market growth.
Additionally, strategic initiatives by market players, including research and development investments, partnerships, and market expansion efforts, are fostering innovation and driving growth. These combined factors are propelling the smart fabrics market forward, offering significant opportunities for continued development and adoption.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Sensing Functionality segment, which is expected to reach US$9.7 Billion by 2030 with a CAGR of a 21.5%. The Energy Harvesting & Thermoelectricity Functionality segment is also set to grow at 23.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.6 Billion in 2023, and China, forecasted to grow at an impressive 19.8% CAGR to reach $3.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Smart Fabrics Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Smart Fabrics Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Smart Fabrics Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AiQ Smart Clothing Inc., Clothing+, Dow Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 71 Featured):
- AiQ Smart Clothing Inc.
- Clothing+
- Dow Inc.
- EXO2
- Globe Manufacturing Company LLC
- Intelligent Clothing Ltd.
- Interactive Wear AG
- Marktek Inc.
- Milliken & Company
- Ohmatex ApS
- Outlast Technologies LLC
- Schoeller Textiles AG
- Sensoria Inc.
- Smartex s.r.l
- Toray Industries Inc.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 288 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $6.1 Billion |
| Forecasted Market Value (USD) by 2030 | $23.1 Billion |
| Compound Annual Growth Rate | 20.9% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Smart Fabrics - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Wearable Technology Integration Spurs Innovations in Smart Fabrics
- How Fitness and Health Monitoring Trends Drive Fabric Development
- Military and Defense Applications Propel Research in Conductive Fabrics
- Growing Interest in Biometric Monitoring Enhances Market Potential
- Sustainability Trends Influence the Development of Eco-Friendly Smart Textiles
- Fashion and Technology Convergence Opens New Aesthetic Possibilities
- Expansion of IoT in Consumer Products Boosts Demand for Connected Fabrics
- Advancements in Energy Harvesting Fabrics Offer New Functionalities
- Smart Fabrics in Automotive Applications for Enhanced Passenger Experience
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/mhtwgl
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