The smart textiles market will be worth $5.56 billion by 2030, according to new research from advisory firm MarketsandMarkets.

In 2025, the projected market size for smart textiles stands at $2.41 billion. MarketsandMarkets’ five-year growth projection marks an 18.2 percent compound annual growth rate, or CAGR. Smart textiles have an electronic component embedded into them that allows the tracking of various metrics about the person wearing the apparel, depending on what they are designed to monitor. Some applications include tracking how a person moves, body temperature, heart rate, moisture status and more. They typically have applications for medical wear, military and defense and general athleisure — all industries that have a specific interest in the movements or metrics of the

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