Advertisement
New Zealand markets closed
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NZD/USD

    0.5974
    -0.0002 (-0.03%)
     
  • NZD/EUR

    0.5537
    +0.0004 (+0.07%)
     
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD

    2,254.80
    +16.40 (+0.73%)
     
  • NASDAQ

    18,254.69
    -26.15 (-0.14%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • Dow Jones

    39,807.37
    +47.29 (+0.12%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     
  • NZD/JPY

    90.3470
    -0.0460 (-0.05%)
     

Smart and Interactive Textiles Market to Thrive at a CAGR of 25.88% during 2022-2032 | Future Market Insights, Inc.

Future Market Insights Global and Consulting Pvt. Ltd.
Future Market Insights Global and Consulting Pvt. Ltd.

Development of Multi-Featured and Hybrid Smart Textile to Boost the Market Growth, North America is Slated to Capture the Largest Chunk of The Smart and Interactive Textiles Market Revenue, Exceeding 41% Share By 2032. The North America and Asia-Pacific Region is one of the Fastest Growing Regions.

NEWARK, Del, Aug. 08, 2022 (GLOBE NEWSWIRE) -- The global demand for Smart and Interactive Textiles is projected to increase at a CAGR of 25.88% during the forecast period between 2022 and 2032, reaching a total of US$ 26.4 Billion in 2032, according to a report from Future Market Insights (FMI). From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 12.0%.

The establishment of a new facility by key manufacturers for meeting the rising demand for smart fabrics around the globe is one of the current trends. For instance, in June 2017, Advanced Functional Fabrics of America opened a state-of-the-art facility for prototyping advanced fabrics. A new center for the development and commercialization of advanced fabrics that will offer services such as health monitoring, communications, and dynamic design.

ADVERTISEMENT

Increasing demand for smart fabrics as leisurewear is expected to be one of the major trends in the market. This is also attributed to the growing disposable income of the consumer which is encouraging them to spend on leisure products. Also changing lifestyles of the consumers coupled with the growth in the urban population around the globe due to the gradual shift from rural to urban areas is further expected to propel the market growth.

To Get Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15401

The advent of new technologies such as Internet of Things (IoT), and Artificial Intelligence (AI) has transformed the textile industry. New smart apparel is being manufactured integrated with AI, Bluetooth Low Energy (BLE), edge computing, and cloud data, which can monitor and communicate the wearer’s information, including blood pressure, heart rate, perspiration, and temperature. AI can access and collect historical and real-time operational data and provide insights, which can enhance the wearer’s efficiency. Defect detection, pattern inspection, and color matching are some of the common applications of AI in textile manufacturing.

Key Takeaways from the Market Study

  • Global Smart and Interactive Textiles Market was valued at US$ 2.6 Bn by 2022-end

  • From 2017 to 2021, Smart and Interactive Textiles demand expanded at a CAGR of 12.0%

  • By Product, the Wearable Electronics category constitutes the bulk of Smart and Interactive Textiles Market with a market share of 12.0%.

  • By Application, the Transportation segment dominates the Smart and Interactive Textiles Market with a market share of 10.0%.

  • From 2022 to 2032, Smart and Interactive Textiles sales are expected to flourish at a CAGR of 25.88%.

  • By 2032, the market value of Smart and Interactive Textiles is expected to reach US$ 26.4 Bn.

“Increasing demand for smart fabrics as leisurewear is expected to be one of the major trends in the market. This is also attributed to the growing disposable income of the consumer which is encouraging them to spend on leisure products during the forecast period,” remarks an FMI analyst.

Ask Our Analyst More about Report @ https://www.futuremarketinsights.com/ask-question/rep-gb-15401

Competitive Landscape

Players in the global Smart and Interactive Textiles Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

  • In July 2021, DuPont acquired Laird Performance Materials, a leading company engaged in offering high-performance electromagnetic shielding and thermal management solutions.

  • In February 2021, DuPont had acquired Tex Tech’s Core Matrix Technology, a monolithic fabric structure that can significantly reduce backface trauma, while increasing ballistic and fragmentation performance for military and law enforcement personnel. This acquisition will add to the company’s already robust portfolio of life protection solutions, enabling the most flexible, lightweight ballistic solutions to meet new standards of National Institute of Justice (NIJ) for enhanced durability. In addition to enhanced protection, the new technology also increases the comfort of wearing bullet-resistant body armor.

Know More about What the Smart and Interactive Textiles Market Repost Covers

Future Market Insights offers an unbiased analysis of the global Smart and Interactive Textiles Market, providing historical data for 2017-2021 and forecast statistics from 2022-2032.

Key Segments:

Smart and Interactive Textiles Market by Product:

  • Wearable Electronics Smart and Interactive Textiles

  • Chromic materials Smart and Interactive Textiles

    • Photochromic

    • Thermochromic

Smart and Interactive Textiles Market by Application:

  • Smart and Interactive Textiles Market for Industrial Applications

  • Smart and Interactive Textiles Market for Military and Defense

  • Smart and Interactive Textiles Market for Medical and Healthcare

  • Smart and Interactive Textiles Market for Retail and Consumer Applications

  • Smart and Interactive Textiles Market for Transportation

  • Others

Smart and Interactive Textiles Market by Region:

  • North America Smart and Interactive Textiles Market

  • Latin America Smart and Interactive Textiles Market

  • Europe Smart and Interactive Textiles Market

  • Asia Pacific Smart and Interactive Textiles Market

  • Middle East & Africa Smart and Interactive Textiles Market

Table of Content

1. Executive Summary

    1.1. Global Market Overview

  1.2. Demand Side Trends

  1.3. Supply Side Trends

  1.4. FMI Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

  2.2. Market Introduction and Definition

3. Market Background and Foundation Data Points

    3.1. Need of the Hour for Industries

  3.2. Smart and Interactive Textiles – Strategic Priorities

  3.3. Life Cycle Stage

Request Complete TOC Of this Report @ https://www.futuremarketinsights.com/toc/rep-gb-15401

Latest Trending Report of ICT :

Digital Radio Frequency Memory (DRFM) Market Size: The global digital radio frequency memory (DRFM) market is expected to accumulate US$ 982.4 Million in value by 2022-end.

Retail Warehouse Management Systems Market Share: The global retail warehouse management systems market is anticipated to garner a revenue of about US$ 6,396.8 million by 2032.

Intelligent Vending Machines Market Forecast: Global Intelligent Vending Machines demand is anticipated to be valued at US$ 10,610.2 Million in 2022, forecast to grow at a CAGR of 13.4% to be valued at US$ 37,286.6 Million from 2022 to 2032.

Private LTE Market Trends: The global private LTE market is forecasted to be appraised at US$ 17,550.0 million by 2032, up from US$ 5,155.0 million in 2022, advancing at a CAGR of 13.0% during the forecast period.

Remote Asset Management Market Volume: The remote asset management market is anticipated likely to record a CAGR of 10.9% during the forecast period, up from US$ 25,219.8 Mn in 2022 to reach a valuation of US$ 75,553 Mn by 2032.

Satellite Modem Market Analysis: The global satellite modem demand is anticipated to rise at a CAGR of 15.4% through 2032. The market revenue is likely to be valued at US$ 450 Mn in 2022 and exhibit a revenue growth of US$ 1,890 Mn by 2032.

Solid State Drive Market Demand: SSD Market analysis report by Future Market Insights shows that global sales of SSD in 2021 was held at US$ 37.6 Bn.

Artificial Intelligence In Cybersecurity Market Outlook: The global Artificial Intelligence in Cybersecurity Market was valued at around US$ 16.5 Bn in 2021. With a projected CAGR of 16.2% for the next ten years

Automotive Engineering Service Outsourcing Market Growth: global automotive engineering service outsourcing market is likely to hold a value of US$ 74.0 Billion. Registering a CAGR of 20.5%.

Smart Electric Meter Market Sales: The global smart electric meter market is likely to be valued at US$ 20,983.3 million in 2022 and is predicted to secure a CAGR of 10.0% during the forecast period. The market is expected to grow at a value of US$ 54,254.7 million by 2032.

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.  
Christiana Corporate, 200 Continental Drive, 
Suite 401, Newark, Delaware - 19713, USA  
T: +1-845-579-5705  
Report: https://www.futuremarketinsights.com/reports/smart-and-interactive-textiles-market
For Sales Enquiries: sales@futuremarketinsights.com  
Browse Other Reports: https://www.futuremarketinsights.com/reports  
LinkedIn| Twitter| Blogs