Smart Textiles Market Growth, Demand and Challenges of the Key Industry Players 2023-28

Author: Elena Anderson

Marketing Manager

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Global Smart Textiles Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " Smart Textiles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 -2028

," the global smart textiles market size reached US$ 3.8 Billion in 2022.

Smart textiles refer to materials that are integrated with technologies to provide the wearer with increased functionality. The fabrics are embedded with conductive threads, electronic components, and advanced technologies. They make use of components such as lights, batteries, sensors, lightemitting diodes (LEDs), and hands-free computing devices. Smart textiles sense and react to environmental conditions and stimuli from thermal, mechanical, chemical, and magnetic sources. They are increasingly gaining popularity due to their ability to reduce wind resistance, regulate body temperature, adjust the breathability of the fabric, and control muscle vibration according to environmental changes. As a result, smart textiles find applications across the military and defense, healthcare, transportation, entertainment, sports and fitness, and automotive sectors.

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Global Smart Textiles Market Trends:

The market is primarily driven by the rising miniaturization of electronics as smart textiles offer enhanced comfort to users. They are also used to communicate the information of the wearer, including physiological parameters like location, heart rate, perspiration, blood pressure, and temperature.

In addition to this, the integration of artificial intelligence (AI) and the Internet of Things (IoT) with textiles has enabled defect detection, pattern inspection, and color matching, which is fueling the market growth. Furthermore, increasing research and development (R&D) activities and the launch of innovative product variants are also creating a positive market outlook.

Looking forward, the market is expected to reach a value of US$ 15.9 Billion by 2028, exhibiting a CAGR of 24.6% during the forecast period (2023-2028).

View Report TOC, Figures and Tables: https://www.imarcgroup.com/smart-textiles-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Type:

• Passive Smart Textile

• Active Smart Textile

Breakup by Functionality:

• Sensing

• Energy Harvesting

• Luminescence and Aesthetics

• Thermoelectricity

• Others

Breakup by End-Use Sector:

• Military and Protection

• Healthcare

• Sports and Fitness

• Fashion and Entertainment

• Transportation

• Architecture

• Others

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

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Competitive Landscape with Key Players:

• Adidas AG

• AiQ Smart Clothing Inc

• Clothing+

• Dupont De Nemours Inc

• Gentherm Incorporated

• Google LLC

• Interactive Wear AG

• Ohmatex A/S

• Schoeller Textil AG

• Sensoria Inc

• Texas Instruments Incorporated

• Textronics

• Vista Medical Ltd

• etc

1. What was the size of the global smart textiles market in 2022?

2. What is the expected growth rate of the global smart textiles market during 2023-2028?

3. What are the key factors driving the global smart textiles market?

4. What has been the impact of COVID-19 on the global smart textiles market?

5. What is the breakup of the global smart textiles market based on the type?

6. What is the breakup of the global smart textiles market based on the functionality?

7. What is the breakup of the global smart textiles market based on the end-use sector?

8. What are the key regions in the global smart textiles market?

9. Who are the key players/companies in the global smart textiles market?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/smart-textiles-market/toc

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