Smart Textile Market Scope and Analysis Report by 2031
Smart Textile Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 3.65 billion |
Market Size by 2031 | US$ 19.25 billion |
Global CAGR (2023 - 2031) | 23.1% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Smart Textile Market News and Recent Developments
The smart textile market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- Loomia Technologies partnered with Advanced Functional Fabrics of America (AFFOA) to develop highly tactile, heated handwear that could be applicable to both commercial/recreational and military customers. For this collaborative project, Loomia will provide technology to be used in a heated glove insert, while AFFOA will lead customer discovery, deliver system architecture designs, and produce an interface control unit. In addition to the heated glove insert, Loomia will also develop a heated sleeve. Both items will provide thermal comfort to users in harsh climates or other areas where this protection is deemed necessary. (Source: Loomia Technologies, Press Release, 2022)
- The UK Fashion and Textile Association (UKFT) announced a partnership with Smart Textile Alliance. The partnership between STA and UKFT will be mutually beneficial, opening up the potential for new avenues of innovation in technology and fashion. (Source: UKFT, Press Release, 2021)
Smart Textile Market Report Coverage and Deliverables
The “Smart Textile Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles