The latest industry analysis report published by Reports and Data provides vital data and information relating to the global Smart Fabrics industry and precisely evaluates the forecast market size and revenue growth rate. The study specializes in an in-depth analysis of the key market dynamics including drivers, restraints, opportunities, supply demand ratios, upcoming market trends, technological innovations, and value chain analysis. The report offers numerous Smart Fabrics market projections based on historical and current market data. Moreover, it presents quantitative and qualitative market insights derived through research studies and market surveys.
According to the latest market intelligence report, the global Smart Fabrics market is projected to reach a staggering market size of USD 10.64 Billion in 2028 from USD 1.46 Billion in 2020, registering a steady CAGR of 28.3%. The report offers other vital information related to industry annual sales, regional market outlook, product portfolios, application ranges, shifting consumer tastes preferences, changing production consumption patterns, volatile demand supply graphs, and key industry statistics. The report expounds on the competitive scenario of the Smart Fabrics market and evaluates the current position of each market player using analytical tools including SWOT analysis, Porter’s Five Forces analysis, and Capacity Utilization analysis.
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Digital technology and sensors embedded in smart clothing monitor the vitals of patients such as heart rate, blood pressure, blood sugar, and breathing. In addition, smart fabrics aid in monitoring the ECG, EMG, heart rate, and EEG of the user. The growth of the medical smart textile market is gaining traction due to the rising demand for smart fabric products such as smart pediatric wear, smart medical gowns, and medical clothes in hospitals, nursing homes, and other medical institutions. Smart clothing products are widely preferred in healthcare facilities due to their high efficiency in obtaining accurate patient data with the help of embedded sensors in the clothing. Smart hospital wear is beneficial for hospitals due to its ability to track and monitor patients’ data and eliminate the need for paper-based records. Moreover, smart pediatric wear for premature babies continuously monitors ECG or heart rate measurements in the ICU.
The rising need for advanced protective clothing is driving the rising usage of smart fabrics as it helps in safeguarding the wearer against extreme environmental hazards such as radiation and further alerts the user in real-time upon detection of harmful gas. Furthermore, rising investment in research and development activities by companies to introduce novel smart clothing products is expected to drive market growth over the forecast period.
Leading Market Competitors:
AiQ Smart Clothing, Adidas AG, Nike, Inc., ThermoSoft International Corporation, Kolon Industries, Interactive Wear AG, Ohmatex, Schoeller Textiles AG, Sensoria Inc., and OTEX Specialty Narrow Fabrics Inc.
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Type Outlook (Revenue, USD Billion; 2018-2028)
Active
Passive
Ultra-smart
Application Outlook (Revenue, USD Billion; 2018-2028)
Sports Fitness
Protection Military
Healthcare
Functionality Outlook (Revenue, USD Billion; 2018-2028)
Sensing
Energy Harvesting
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Regional and Country-wise Segmentation of the Global Smart Fabrics Market:
North America
The U.S.
Canada
Mexico
Europe
Germany
The U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
Reasons to Purchase this report:
The industry analysis report offers actionable insights into the global Smart Fabrics industry and discusses the major growth propellers, limitations, opportunities, and challenges existing in the market.
The report closely investigates the present and historical market scenarios to help readers predict the market situation over the next seven years.
The report systematically profiles the leading companies operating in the Smart Fabrics market, and, at the same time, highlights their long-term business expansion strategies.
In-depth scrutiny of the Smart Fabrics business landscape with accurate market projections for the forecast period.
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