How big is the Smart Fabrics For Transportation Market?

The Smart Fabrics For Transportation Market size is expected to reach USD 1.04 billion in 2024 and grow at a CAGR of 25.51% to reach USD 3.92 billion by 2029. Read More

What is the current Smart Fabrics For Transportation Market size?

In 2024, the Smart Fabrics For Transportation Market size is expected to reach USD 1.04 billion. Read More

Who are the key players in Smart Fabrics For Transportation Market?

AIQ Smart Clothing Inc., Kolon Glotech Inc., Interactive Wear AG, Schoeller Textil AG and Ohmatex are the major companies operating in the Smart Fabrics For Transportation Market. Read More

Which is the fastest growing region in Smart Fabrics For Transportation Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Smart Fabrics For Transportation Market?

In 2024, the North America accounts for the largest market share in Smart Fabrics For Transportation Market. Read More

What years does this Smart Fabrics For Transportation Market cover, and what was the market size in 2023?

In 2023, the Smart Fabrics For Transportation Market size was estimated at USD 0.77 billion. The report covers the Smart Fabrics For Transportation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Smart Fabrics For Transportation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Smart Fabrics For Transportation Market Share

Statistics for the 2023 & 2024 Smart Fabrics For Transportation market share, created by Mordor Intelligence™ Industry Reports. Smart Fabrics For Transportation share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Smart Fabrics For Transportation Industry

In the competitive transportation market, smart fabric solutions have gained prominence, with numerous vendors operating domestically and internationally. The market exhibits a moderate level of concentration, but it is gradually moving towards a more fragmented state. Leading industry players employ key strategies centered around product design and innovation. Notable market participants include Kolon Glotech Inc., AIQ Smart Clothing Inc., and Interactive Wear AG, among others.

In February 2023, ThermoSiv introduced a cutting-edge smart fabric that sets a new standard in environmental efficiency. This innovative fabric emits heat in an eco-friendly manner, enabling clients in diverse sectors, including automotive and agritech, to conserve energy, enhance the user experience, and reduce costs. What sets ThermoSiv's fabric apart is its ability to precisely target and radiate heat to nearby objects, such as individuals or plants, thus ensuring their warmth without unnecessarily warming the surrounding air. The smart fabric from ThermoSiv is particularly beneficial for the automotive industry.