smart fabrics market Analysis, Size, Share, Growth, Trends, and Forecasts by 2031
Global smart fabrics market was valued at US$ 2.5 billion in 2022 and is likely to reach US$ 23.7 billion by 2032, registering a CAGR of 23.4% over the forecast period of 2023-2032.
In recent years, the world has witnessed an unprecedented rise in the demand and popularity for smart fabrics, leading to a remarkable increase in sales. Smart fabrics, also known as e-textiles or intelligent textiles, are revolutionizing the fashion, sportswear, healthcare, and home industries with their advanced functionalities and integration of technology.