Smart Clothing and E Textiles Market size to grow at CAGR 32.3%, market value to reach USD 15.09 billion by 2028
Acumen Research and Consulting
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As per research conducted by Acumen Research and Consulting, the global Smart Clothing And E Textile Market size was valued at 1.8 billion USD in 2020 and is set to grow at an impressive CAGR 32.3% over the forecast?timeframe ranging between 2021 and 2028, and is expected to reach USD15.09 billion.?
Are smart clothing and E?Textiles?the future of fashion, fitness, healthcare and defense??
In the past decade we have seen a significant rise in smart and innovative devices ranging from smartwatches, smartphones, smart glasses, VR sets etc. These devices help to improve and make our lives easier.?
Smart clothing and E Textiles are a relatively new and an emerging market and is a part of the wider Industry 4.0. Fabrics embedded with light, battery, microcomputer and electronics are known as e-textile or smart clothes. They can be used to send data across other devices.?
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Dynamics and opportunities of Smart Clothing and E?Textiles market??
Smart clothing (E textile) is viewed as a tool to transform healthcare practice, with the aim that broad usage of health monitors or treatment aids will minimize reliance on the expensive technology and reduce burden on the healthcare system.?
Moreover, with the continuous rising chronic illnesses like diabetes and heart disease, as well as?increase in?number of the surgeries conducted in primary healthcare markets like United States and Europe, e-textile technologies to make advantage of growing electronics are on the rise. In some of the clinical trials, smart clothing has been found to defend against the infectious disease, detect state of user's health, to aid in the treatment, prevention as well as management of the health.?
Other sectors where e-textiles market will be boosted heavily?are the health and fitness sector and defense sector. Currently the sports and fitness industry holds the highest market share.?
Smart Clothing and E?Textiles Regional market analysis:?
North America held the highest market share in 2020 for Smart Clothing and E?Textiles. Since the Covid-19 pandemic unfolded, people have been trying to get healthier which is driving many to purchase smart clothing and other fitness equipment. American military is also testing electronic fabrics which can be used in combat to detect whether a soldier is exposed to chemical weapons or nerve agent. China, Japan and other Asia Pacific countries also have been investing heavily in R&D of Smart Clothing and E?Textiles sector.?
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