Smart Fabric Market Analysis, Size, Share, Growth, Trends, and Forecasts by 2032
Global smart fabrics market was valued at US$ 2.5 billion in 2022 and is likely to reach US$ 23.7 billion by 2032, registering a CAGR of 23.4% over the forecast period of 2023-2032.
In recent years, the world has witnessed an unprecedented rise in the demand and popularity for smart fabrics, leading to a remarkable increase in sales. Smart fabrics, also known as e-textiles or intelligent textiles, are revolutionizing the fashion, sportswear, healthcare, and home industries with their advanced functionalities and integration of technology.
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One of the key factors contributing to the rising sales of smart fabrics is the growing consumer interest in wearable technology. People are gradually looking for multifunctional and innovative garments that can seamlessly integrate with their digital lifestyles. Smart fabrics provide a perfect solution by incorporating sensors and electronic components directly into the fabric, allowing wearers to track physical activities, monitor vital signs, receive notifications, and even control devices with a simple touch or gesture.
Companies
路 Adidas AG
路 AiQ Smart Clothing
路 clim8
路 DuPont
路 Hexoskin
路 Interactive Wear AG
路 Jabil Inc.
路 Myant Inc.
路 Nike
路 OMsignal
路 Outlast Technologies GmbH
路 Schoeller Textil AG
路 Sensoria
路 StretchSense
Moreover, the advancements in the field of smart fabrics have expanded the possibilities for their application. Fashion designers are integrating smart fabrics into their collections, creating garments that are not only aesthetically appealing but also interactive and adaptive. The sports industry is also embracing smart fabrics to develop performance-enhancing apparel that can monitor athletes' biometrics, prevent injuries, and optimize training routines.