Smart Fabrics Market Size, Share Analysis, Process, Key Companies, and Forecast To 2028 | Reports And Data
Reports and Data have recently published a novel report on the global Smart Fabrics Markets to provide details about ongoing and upcoming activities in the Smart Fabrics industry. The global market is expected to reach USD 10.64 Billion in 2028 from USD 1.46 Billion in 2020 with a CAGR of 28.3%. The research report offers in-depth information about market share, market size, revenue growth, drivers, restraints, limitations, growth opportunities, and top companies in the market.
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.
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Market Overview:
The materials and the chemical market is rapidly expanding in terms of revenue in recent years and over the forecast period owing to increasing demand for raw materials and chemicals for various industrial applications such as paper and paint, food and beverages, healthcare and pharmaceutical, manufacturing, construction, and agriculture. Revenue growth of the global Smart Fabrics markets is attributed to factors such as rapid industrialization and urbanization, increasing awareness about green energy, rising inclination towards eco-friendly and biodegradable products, and rising presence for packaged food. In addition, increasing investments in research and development activities, rising disposable income, and increasing demand for products such as soaps, detergents, perfumes for daily usage are fueling the market growth.
Competitive Landscape:
The report offers precise information about each market player along with global position, business expansion plan, license agreement, research and development investments, and product base expansion plans. The global Smart Fabrics market is extremely competitive and comprises key operating at global and regional levels. Major companies are focusing on developing new strategies like mergers and acquisitions, partnerships, collaborations, and new product launches to maintain their market position as well as enhance their product base.
The top 10 leading companies profiled in the report include 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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What is the expected market size of the global Smart Fabrics markets during the forecast period?
Which key factors are expected to fuel market growth throughout the forecast period?
Which factors are expected to hamper the growth of the global Smart Fabrics markets between 2021 and 2028?
Which application segment revenue is expected to register rapid CAGR between 2021 and 2028?
Which region is expected to register the fastest revenue CAGR over the forecast period?
Which leading players are operating in the global Smart Fabrics markets?
What are the key outcomes of SWOT analysis and Porter’s Five Force model?
Smart Fabrics Market Segmentation Based on Regions:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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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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