According to this new report, the global smart textiles market is estimated to be valued at US$ 13 billion in the year 2028, growing at a CAGR of 19% in the period 2020 to 2028. Growth of the market is driven by a rise in demand for wearables, increasing smartphone penetration, higher demand from end-user industries, and increasing disposable income.
Smart textiles are the next-generation textile with embedded digital elements. It has the ability to perform varied electronic functions and can sense and react to environmental stimuli such as mechanical, thermal, chemical, biological, and magnetic. Sensing and monitoring functionality of smart fabric has been in use in various applications such as medical, sports & fitness, and military & defence since long.
Advances in nanotechnology have brought about a paradigm shift in smart textiles capabilities. Incorporation of nanotechnology into fabrics enhances its competencies such as fire resistance, electronic capability and monitoring. It is a ground-breaking technology with embedded components such as actuators, controllers, and sensor units, incorporated for proper functioning.
Segments Covered
The report provides revenue forecasts for global, regional and country levels. It also provides comprehensive coverage on major industry drivers, restraints, and their impact on market growth during the forecast period. For the purpose of research, the publisher has segmented global smart textiles market report on the basis of product types, functionality, application and geography.
Product Type Outlook
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Regional Outlook
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Target Audience