Smart Fabrics And Textiles market is segmented by type into passive, active and ultra-smart

Growth in the historic period resulted from strong economic growth in emerging markets, increased internet penetration, increasing millennial population, low interest rate environment and urbanization. Factors that negatively affected growth in the historic period were growth in costs, data privacy issues and expensive wearable technology.

Going forward, increasing e-commerce, increasing demand for sportswear, increasing adoption of 5G networks, rising population and internet of things (IoT) will drive the growth. Factors that could hinder the growth of the Smart Fabrics And Textiles market in the future include reduction in free trade, high production cost, security challenges, counterfeit products and Russian-Ukrainian war.

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The Smart Fabrics And Textiles market is segmented by type into passive, active and ultra-smart. The passive market was the largest segment of the Smart Fabrics And Textiles market segmented by type, accounting for 53.9% of the total in 2021. Going forward, the active segment is expected to be the fastest growing segment in the Smart Fabrics And Textiles market segmented by type, at a CAGR of 31.4% during 2021-2026.

The Smart Fabrics And Textiles market is also segmented by function into energy harvesting, sensing, thermoelectricity, luminescent and other functions. The sensing market was the largest segment of the Smart Fabrics And Textiles market segmented by function, accounting for 29.1% of the total in 2021. Going forward, the sensing segment is expected to be the fastest growing segment in the Smart Fabrics And Textiles market segmented by function, at a CAGR of 31.4% during 2021-2026.

The Smart Fabrics And Textiles market is also segmented by end-user into fashion and entertainment, sports and fitness, medical, automotive, protection and military, architecture and other end users. The protection and military market was the largest segment of the Smart Fabrics And Textiles market segmented by end-user, accounting for 30.4% of the total in 2021. Going forward, the sports and fitness segment is expected to be the fastest growing segment in the Smart Fabrics And Textiles market segmented by end-user, at a CAGR of 32.2% during 2021-2026.

North America was the largest region in the Smart Fabrics And Textiles market, accounting for 34.9% of the total in 2021. It was followed by Asia Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the Smart Fabrics And Textiles market will be Asia Pacific and North America where growth will be at CAGRs of 33.4% and 31.2% respectively. These will be followed by Western Europe and South America where the markets are expected to grow at CAGRs of 29.0% and 24.6% respectively.

The Global Smart Fabrics And Textiles market is highly fragmented, with a large number of players. The top ten competitors in the market made up to 4.38% of the total market in 2021. The majority of the companies are local players, they have a large number of domestic manufacturing facilities and have a presence across the supply chain.

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However, some large companies are trying to expand their presence in other low-cost economies to take advantage of low-cost labor and cheaper raw material prices. Koninklijke Ten Cate NV was the largest competitor with 1.95% share of the market, followed by Schoeller Textil AG with 0.50%, Eeonyx Corporation with 0.41%, Tex-Ray Industrial Co. Ltd with 0.39%, AiQ Smart Clothing Inc. with 0.30%, Sensoria Inc with 0.20%, Noble Biomaterials with 0.17%, Interactive Wear AG with 0.17%, Mitsufuji Corporation with 0.17%, and Xenoma Inc with 0.12%.

The top opportunities in the Smart Fabrics And Textiles market segmented by type will arise in the passive segment, which will gain $3,432.1 million of global annual sales by 2026. The top opportunities in the Smart Fabrics And Textiles market segmented by function will arise in the sensing segment, which will gain $2,137.7 million of global annual sales by 2026.

The top opportunities in the Smart Fabrics And Textiles market segmented by end-user will arise in the protection and military segment, which will gain $2,087.4 million of global annual sales by 2026. The Smart Fabrics And Textiles market size will gain the most in USA at $2,172.2 million.

Market-trend-based strategies for the Smart Fabrics And Textiles market include focus smart fabric technology, wearable tele-rehabilitation platform, technology development, digital testing, product launch and innovative smart garments.

Player-adopted strategies in the Smart Fabrics And Textiles market include focus on expanding and strengthening product portfolio by adopting strategies such as partnership and collaboration with companies having advanced technologies.

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