Smart Fabrics and Textiles Market 2023 SWOT Analysis by Key Players - Textronics, Milliken, Toray Industries, Peratech, DuPont, Clothing+, Outlast, d3o lab

Smart Fabrics and Textiles Market Scope and Overview

The Global Smart Fabrics and Textiles Market Size was estimated at USD 4191.81 million in 2021 and is projected to reach USD 12990.24 million by 2028, exhibiting a CAGR of 17.54% during the forecast period.

The Global Smart Fabrics and Textiles Market is expected to witness exponential growth over the next decade due to the development of high-end and sophisticated textiles. Smart fabrics and textiles are a group of fabric materials that are able to interact with other materials, as well as sensors and other electronic devices for a variety of applications. Smart fabric materials are able to conduct electricity and respond to environmental changes such as temperature, humidity, pressure, and light, making them appropriate for a range of diverse applications. These fabrics have seen increasing uses in medical and military applications, as well as in consumer fashion and entertainment.

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Key Players Covered in Smart Fabrics and Textiles market report are:

-Textronics
-Milliken
-Toray Industries
-Peratech
-DuPont
-Clothing+
-Outlast
-d3o lab
-Schoeller Textiles AG
-Texas Instruments
-Exo2
-Vista Medical Ltd.
-Ohmatex ApS
-Interactive Wear AG.

The global market for smart fabrics and textiles is driven by the need for greater comfort and convenience in apparel. With the rise of trends such as athleisure and smart garments, apparel makers are increasingly looking to more comfortable fabrics that offer a combination of features such as temperature sensitivity, breathability, lightness and durability. Recently, several countries, including China and North America, have emerged as significant markets for smart fabrics and textiles as they look to capitalize on the technology.

The global smart fabrics and textiles market is expected to benefit from increasing government funding, along with increased investments from venture capitalists. This support is helping to spur the development of more sophisticated textiles which can be used in a variety of contexts, including medical and military applications. These investors are particularly looking to the potential of wearable medical and fitness trackers, which are expected to drive the market for smart fabrics and textiles in the foreseeable future.

Smart Fabrics and Textiles Market Segmentation as Follows:

Market Segmentation (by Type)
-Passive Smart Fabrics and Textiles
-Active Smart Fabrics and Textiles
-Ultra-Smart Fabrics and Textiles

Market Segmentation (by Application)
-Military
-Civil
-Healthcare
-Others

Segmented by Region/Country
North America
Europe
China
Japan
Asia Other

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The global smart fabrics and textiles market is also being driven by rising demand from consumers for personalized apparel. As a result, apparel companies are increasingly looking to technologies such as RFID and NFC, as well as biometric sensors, to create more personalized and specialized products. In addition, due to the growing popularity of athleisure, consumers are increasingly looking to more innovative and high-end textiles and fabrics that offer more features than traditional fabrics.

As technology continues to evolve, it is expected that smart fabrics and textiles will become increasingly important to the global apparel industry. This segment is expected to experience significant growth as consumers look to benefit from personalized apparel and increased comfort and convenience. In addition, the expanding medical, military and consumer markets are expected to give the global smart fabrics and textiles market a boost in the decades to come.

Table of Content - Analysis of Key Points

Chapter 1. Executive Summary

Chapter 2. Global Market Definition and Scope

Chapter 3. Global Market Dynamics

Chapter 4. Global Smart Fabrics and Textiles Market Industry Analysis

Chapter 5. Smart Fabrics and Textiles Global Market, by Type

Chapter 6. Smart Fabrics and Textiles Global Market, by Application

Chapter 7. Smart Fabrics and Textiles Global Market, Regional Analysis

Chapter 8. Competitive Intelligence

Chapter 9. Key Companies Analysis

Chapter 10. Research Process

Continued…

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