The global e-textiles and smart clothing market is set for substantial growth, with an expected CAGR of approximately 32.9% during the forecast period spanning from 2023 to 2030. By the end of 2030, the market is projected to reach a value of around US$11 billion. E-textiles and smart clothing represent a fusion of textile substrates with embedded power transmission, interconnection technology, biometric and external sensing, and communication capabilities, offering a range of applications including health monitoring and performance enhancement.
Key Market Insights:
- The market is anticipated to witness more than a twofold expansion in revenue over the decade from 2023 to 2030.
- Smart active wear emerges as the most in-demand category in e-textiles and smart clothing.
- Active smart textile types maintain high demand within the market.
- In 2022, the sports & fitness segment held the largest market revenue share.
- North America is expected to continue leading the market, with the Asia Pacific experiencing the strongest growth by 2030.
Deepening Technology Intervention in Textiles:
Advancements in technology and materials have paved the way for the rapid growth of the global e-textiles and smart clothing market. The integration of electronics into everyday clothing has led to innovations such as smart shirts and protective wear. For instance, Ralph Lauren introduced smart shirts equipped with sensors for athletic purposes. These textiles are engineered to provide protection, with smart underwear designed to deter potential physical assaults. The synergy between textiles and electronics has opened up new possibilities for enhancing everyday life.
Increased Adoption in Healthcare:
Smart clothing is revolutionizing the healthcare sector by offering remote monitoring and treatment solutions. These textiles hold the potential to alleviate the burden on healthcare systems by providing continuous health monitoring and early detection of health issues. Smart clothing has demonstrated its effectiveness in protecting against infectious diseases, monitoring patients vital signs, and facilitating health prevention, treatment, and management. As technology continues to advance, the adoption of smart clothing in healthcare is expected to grow further.
Mounting Demand from Sports and Fitness Industry:
The sports and fitness sector is a significant driver of the e-textiles and smart clothing market. These textiles are employed to prevent sports-related injuries, enhance athletic performance, and monitor vital signs during physical activities. Smart clothing, such as sports bras and heated pants, utilizes sensors to monitor heart rate, contributing to the rising demand. The sports and fitness industrys increasing interest in wearable technology is expected to drive substantial growth in smart innerwear designed for athletes.
Market Challenges:
Concerns Around Data Privacy and Security:
Data privacy and security concerns pose challenges to the market. While smart clothing provides valuable data, there are concerns about unauthorized access and data breaches. Ensuring the security and privacy of user data will be critical to the continued growth of the smart clothing market.
Growth Opportunities Across Regions:
North America Spearheads:
North America is expected to maintain its dominance in the e-textiles and smart clothing market. Lifestyle changes, increasing health awareness, and a growing demand for health monitoring technologies are driving market growth. The region benefits from rapid technological innovation and the presence of key players and investors. Recent innovations, such as conductive nanotube fibers for heart rate monitoring, highlight the regions commitment to smart textile development.
Asia Pacific Develops as a Lucrative Market:
The Asia Pacific region is poised for significant market growth, driven by rising awareness of smart technology and its applications. Health concerns resulting from pollution and industrial activities in countries like China and India are fueling demand for smart clothing. As smart clothing addresses these health challenges, it is expected to gain popularity in the region.
E-Textiles and Smart Clothing Market: Competitive Landscape:
Leading players in the e-textiles and smart clothing market include AiQ Smart Clothing, Athos, Carre Technologies, Sensoria, Samsung, Under Armour, Ambiotex GmbH, Clothing Plus, Cityzen Sciences, Vulpes Electronics, DuPont, Wearable X, Applycon, Toray Industries, Myontec, Myzone, Siren, Owlet, Nike, and Levis.
Browse Global E-textiles and Smart Clothing Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 (By Product Type, By Textile Type, By End-use Industry, By Geographic Coverage and By Company): https://www.fairfieldmarketresearch.com/report/e-textiles-smart-clothing-market
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This press release first seen on Brilad
COMTEX_440956196/2840/2023-09-26T04:44:32
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