Global Smart Fabrics Strategic Industry Report 2024-2030: Microencapsulation & Nanotechnology – The Harbingers of Future Growth

DUBLIN, March 1, 2024 /PRNewswire/ — The “Smart Fabrics: Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global Smart Fabrics Market to Reach $20.6 Billion by 2030

The global market for Smart Fabrics estimated at US$4.5 Billion in the year 2022, is projected to reach a revised size of US$20.6 Billion by 2030, growing at a CAGR of 21.1% over the analysis period 2022-2030. Sensing, one of the segments analyzed in the report, is projected to record a 21.7% CAGR and reach US$8.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Energy Harvesting & Thermoelectricity segment is readjusted to a revised 23.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 20.1% CAGR

The Smart Fabrics market in the U.S. is estimated at US$1.3 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2030 trailing a CAGR of 20.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.9% and 17.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 14.3% CAGR.

Select Competitors

What’s New?

Special coverage on Russia–Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.Global competitiveness and key competitor percentage market sharesMarket presence across multiple geographies – Strong/Active/Niche/TrivialOnline interactive peer-to-peer collaborative bespoke updatesAccess to digital archives and Research PlatformComplimentary updates for one year

MARKET OVERVIEW

Influencer Market InsightsWorld Market TrajectoriesSmart Fabrics: When Technology Meets Textile!Recent Market ActivitySmart Fabrics – A Nascent Yet High Growth MarketGrowth Drivers and Market Restraints – In a NutshellR&D Initiatives, Technology Innovations and Material Advancements: Playing a Critical Role in Expansion of Smart Fabrics MarketPromising Future Ahead for the Smart Textiles MarketExpanding Applications Bode Well for Smart Fabrics MarketSmart T-Shirts & Jackets: Promising Segments in Smart Fabrics MarketDeveloped Markets Hold Ground in Smart Fabrics Market, Developing Economies Positioned for Long-term GrowthHigh Cost, Compatibility & Power Supply Issues, and Privacy Concerns: Major Concerns to Address for the Smart Fabrics MarketIntegration of Sensors into Garments – A Major Challenge for Smart Fabric MakersSmart Fabrics – Global Key Competitors Percentage Market Share in 2022 (E)Impact of Covid-19 and a Looming Global RecessionCompetitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

FOCUS ON SELECT PLAYERS

AiQ Smart Clothing, Inc. (Taiwan)Clothing+ (Finland)DowDuPont, Inc. (USA)EXO2 (USA)Globe Manufacturing Company, LLC (USA)Hexoskin (Canada)Intelligent Clothing Ltd. (UK)Interactive Wear AG (Germany)International Fashion Machines, Inc. (USA)Marktek, Inc. (USA)Milliken & Company (USA)Noble Biomaterials, Inc. (USA)Ohmatex ApS (Denmark)Outlast Technologies LLC (USA)Schoeller Textiles AG (Switzerland)Sensoria, Inc. (USA)Smartex s.r.l (Italy)Toray Industries, Inc. (Japan)

MARKET TRENDS & DRIVERS

Industry Evolves from Passive to Active to Ultra-Smart TextilesSmart Clothing Transforming the Wearable Technology Products MarketSmart Fabrics – the Next Big Wave of WearablesMicroencapsulation & Nanotechnology: Harbingers of Future GrowthMilitary – A Lucrative End-Use SectorIncreased R&D Initiatives in Smart Textiles for Military ApplicationsHealthcare – The Fastest Growing Application Market for Smart TextilesSmart Textile Applications in Healthcare IndustrySmart Clothing Gains Acceptance in Neonatal MonitoringWearable Biomedical Sensors – A Potential Market SegmentSmart SuturesSmart Socks Grow in DemandA Glance at Few Startups in the Smart Medical Textiles MarketTelemonitoring for the Elderly: Opportunities for Smart Textiles MarketAging Population: Opportunity for TelemonitoringSmart Fabrics for Transportation Market: The Major End-Use SegmentSports & Fitness – A Significant Revenue ContributorSmart Inner Wear & Socks – Unique Wearables for Sports & Fitness MarketNew Smart Wearables for Ensure Better WorkoutsImproving Performance of Athletes in Professional SportsSmart Clothing with Thermal ChangesGrowing Use in the Fashion Industry Drives Smart Textiles MarketAn Insight into Select Smart Fashion BrandsAmbient Computing Key to Fashion TechnologyDemand for Smart Textiles in Space Application GrowsEnergy-Producing Textiles Offer High Growth PotentialSmart Workwear – Addressing Needs of Employees in Hazardous EnvironmentsLight Conducting Fibers Hold Enormous PotentialSelf-Cleaning Textiles: The Focus of Innovations in Smart Fabrics MarketRMIT University Researchers Develop Self-Cleaning Nano-Enhanced TextilesSmart Fabric Designs: Focus on Simplifying InteractionsActuation and Response Applications Determine Market for SFITsProduct Innovations Stimulate Growth in Smart Fabrics MarketA Review of Select Product Developments in the Smart Fabric MarketA Look at Other Recent Launches/Developments in the Smart Fabric MarketRigorous R&D Investments Spearhead GrowthMultidisciplinary Approach to a Complex R&D StructurePublic Funding for Smart Textiles R&DA Review of Select Smart Fabric Research Initiatives

For more information about this report visit https://www.researchandmarkets.com/r/un55c

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