Report ID: SQMIG45I2183
Report ID:
SQMIG45I2183 |
Region:
Global |
Published Date: July, 2024
Pages:
197
|
Tables:
110 |
Figures:
78
North America dominated with the largest revenue share of over 39.6% in 2023. The dominance is attributed to the region's advancement in smart clothing technologies and presence of key players like Sensoria. The notable growth is further driven by the increasing demand for smart clothing, especially from the military sector. The military is adopting and adapting smart textile technologies to create battle-ready uniforms, providing a distinct advantage in the field. These uniforms are equipped with in-built sensors that monitor crucial metrics such as muscle data, temperature, heart rate and respiration rates and even can identify wounds to assess a soldier's health.
For instance, in September 2023, the US government unveiled a USD 22 million investment initiative named SMART ePANTS, dedicated to advancing smart surveillance clothing technology. The program aims to develop variable garments capable of recording audio and video, tracking geolocation, and monitoring physiological data. These high-tech garments are intended for intelligence agencies and military personnel in high-risk environments enhancing situational awareness and data collection capabilities.
Asia Pacific is expected to register the fastest CAGR from 2023 to 2030. Many leading technology and textile manufacturing companies in countries like China and Japan and South Korea are involved in producing smart clothing. This involves integrating advanced sensors, fabrics and electronic components into garments. Moreover, the region boasts a large and tech- savvy consumer base. The growing urban population, coupled with increasing awareness of health and fitness, has fueled the demand for smart clothing. Additionally, the region is known for its rapid adoption of new technologies, creating a conducive environment for market growth.
Additionally, according to an article, The European Apparel and Textile Confederation (Euratex), has unveiled a comprehensive Manifesto outlining key recommendations to bolster the competitiveness and sustainability of the European textiles and clothing industry.
In the LAMEA region, there's a growing trend of using smart textiles in healthcare. More E-Textiles are being adopted in medical clothing, remote patient monitoring, and wellness tracking. This aligns with the region's focus on healthcare advancements and accessible medical technologies.
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Report ID: SQMIG45I2183