According to the report “Smart Fabrics in Fashion and Entertainment Market—Growth, Trends, COVID-19 Impact, and Forecasts (2021-2026)” by ResearchAndMarkets.com, the smart fabrics market is estimated to record a CAGR of 31.29% over the forecast period.
The smart fabrics market in the fashion and entertainment industry is primarily driven through innovation by designers to develop new and pleasing outfits, integrated with useful technical architecture, capable of transmitting information.
The ever-increasing use of electronic devices in daily life is driving the smart fabrics market. The ease of use of smart fabrics and the integration of electronic devices within textiles makes it an integrated device to be used as a simple fabric, which is further contributing to the growth of the
The convergence of the internet of things, 3D printing and nanotechnologies is creating enormous opportunities for the fashion and entertainment industry. With the increasing number of products integrating sensors to generate and respond to data and perform a range of various functions, the market is expected to grow further.
Due to the ever-growing electronics market in the region, North America is the leading player in the smart fabrics in fashion and entertainment market.