Smart Textiles Market Size By Region – Global Opportunities & Forecast 2021-2028

 


Smart Textiles Market

The global smart textiles market is projected to expand at an annual rate of 23.6% over the forecast period. The increasing demand for sports and fitness industries and the rising recognition of a healthy life will complement the market growth. Also, the evolution of hybrid applications and the expansion in fashion and entertainment industries will expand the smart textiles market growth.

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Smart Textiles Market Dynamics

The growth in the smart textiles market is driven by the increasing adoption of smart textiles in the defense industry. These devices are gauged with defense equipment for wireless and wired communication, sensing cold and heat stress, excellent mobility, and health administration. Thus, this technological innovation is expected to steer the market. Also, as per the smart textiles market report, the evolving incorporation of smart textile with wearable devices is another major factor contributing the market growth. For example, smart textile is increasingly used in the sports and healthcare sector to balance body temperature and administer muscle vibration. Additionally, the innovation of multifaceted mobile devices and the evolution of hybrid applications leading in visualization on the compact device have offered lucrative opportunities for leading players in the smart textile market. For instance, sensoria launched an app, sensoria run V2.0, which offer an artificial intelligence coach to provide real-time and actionable response to enhance performance and decrease the chances of injuries to human. However, the increasing agitation pertaining to huge production cost has restrained the smart textiles market size.

End Use Segment Analysis

Based on the End Use, the military and protection segment is anticipated to expand at a faster rate over the forecast period. This is due to its surging military application, which provides several remarkable features such as waterproof fabric, and sophisticated insulation properties. The smart textiles market forecast projects that they have the ability to monitor health and is gauged with motion trackers, sensors, and GPS systems.

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