Semiconductor and Electronic Survey

The   Smart Textiles Market   is anticipated to increase from USD 2.3 billion in 2021 to USD 6.6 billion by 2026, expanding at a CAGR of 23.2% over that time. Implementation of cutting-edge technologies in smart fabrics, downsizing of electronic components, and the rising wearable sector are some of the key drivers propelling the market for smart textiles. The market for smart textiles has been disrupted by the abrupt COVID-19 pandemic breakout, particularly in 2020 and 2021. Companies are now using remote working methods as a result of the pandemic. Lockdowns have been implemented in nearly all of the major nations to stop the spread of COVID-19, however this has disrupted the supply chain and stopped manufacturing activity, delaying production. The demand for sports and fitness apparel/accessories integrated with smart applications and sensors that can monitor heart rate and oxygen level, however, has increased as a large portion of the global population is working from home...

The   Smart Textiles Market   is expected to grow from USD 2.3 billion in 2021 to USD 6.6 billion by 2026; it is expected to grow at a CAGR of 23.2 % during the forecast period. Sports and fitness, healthcare, and military and protection are the key verticals which dominate the Smart Textiles Market and also contribute significantly to its growth. Major players in the Smart Textiles Market have primarily adopted acquisition and partnership strategy to strengthen their position in the market. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=13764132 In July 2021, DuPont has acquired Laird Performance Materials, a leading company engaged in offering high-performance electromagnetic shielding and thermal management solutions. DuPont has acquired Laird Performance Materials, a leading company engaged in offering high-performance electromagnetic shielding and thermal management solutions. In January 2019, Interactive Wear joined the i-compressio...

The   Smart Textiles Market   is expected to grow from USD 2.3 billion in 2021 to USD 6.6 billion by 2026; it is expected to grow at a CAGR of 23.2% during the forecast period. The major driving factors for the growth of the Smart Textiles Market include implementation of advanced technologies in smart textiles, miniaturization of electronic components, and expanding wearable industry among others. The sudden outbreak of the COVID-19 pandemic has impacted the demand for smart textiles, especially in 2020 and 2021. The pandemic has forced companies to adopt remote working practices. The imposition of lockdown in almost all the major countries to curb the spread of COVID-19 has disrupted the supply chain and halted manufacturing activities, resulting in delayed production. However, as a large share of the global population is working from home and preferring to perform fitness activities indoors attributed to social distancing guidelines, the demand for sports and fitness appare...