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Smart Textiles Market Report 2023: Trends, Share, Size, Growth Opportunities, Key Profiles, In-Depth Analysis And Forecast To 2032
Smart Textiles Market
As per the smart textiles market report by The Business Research Company, surging demand for smart wearable devices is expected to propel the growth of the smart textiles market going forward. Smart wearable devices are electronic devices powered by microprocessors that are integrated into clothing, worn as accessories, and implanted in the body to send and receive data via the internet. Smart wearable devices include smart jackets, smart glasses, smart shirts, smart jewelry, smart watches, and others.
The global smart textiles market size grew from $3.41 billion in 2022 to $4.53 billion in 2023 at a compound annual growth rate (CAGR) of 32.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart textiles market size is expected to grow to $12.01 billion in 2027 at a CAGR of 27.6%.
Read More On The Smart Textiles Market Report Here:
https://www.thebusinessresearchcompany.com/report/smart-textiles-global-market-report
Major competitors in the smart textiles market include DuPont, AiQ Smart Clothing, Interactive Wear AG, SchoellerTextil AG, Sensoria Inc., Adidas AG, Outlast Technologies LLC, Ohmatex, Vista Medical Ltd., Google Inc., Noble Biomaterials, Koninklijke Ten Cate BV, DiPole Materials, Thermosoft International Corporation, and Chronolife
The smart textiles market is segmented -
1) By Type: Passive, Active, Ultra-Smart
2) By Function: Energy Harvesting, Sensing, Thermoelectricity, Luminescent, Other Functions
3) By End-User: Fashion And Entertainment, Sports And Fitness, Medical, Transportation, Protection And Military, Architecture, Other End-Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the smart textiles market.
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Smart textiles refer to smart systems that can recognize and process the wearer's condition as well as perceive or transmit the environmental conditions. They can be found using a variety of detection methods, including magnetic, mechanical, chemical, electrical, and thermal. Smart textiles can detect changes in the environment and adapt and respond automatically to mechanical, chemical, magnetic, electrical, and thermal manipulations to protect the wearer from environmental risks.
The Table Of Content For The Smart textiles market Include:
1. Executive Summary
2. Smart Textiles Market Characteristics
3. Smart Textiles Market Trends And Strategies
4. Smart Textiles Market - Macro Economic Scenario
5. Smart Textiles Market Size And Growth
......
26. Africa Smart Textiles Market
27. Smart Textiles Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart Textiles Market
29. Smart Textiles Market Future Outlook and Potential Analysis
30. Appendix
The "Global Smart textiles market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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