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Stock impact report

Smart Textiles Market to Reach USD 26.1 Billion by 2032, Driven by Advancements in Wearable Technologies | Report by SNS Insider [Yahoo! Finance]

Gentherm Inc (THRM) 
Last gentherm inc earnings: 2/19 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
by advancements in IoT, rising demand for sustainable fabrics, and increasing integration of electronics in textiles." Austin, Nov. 26, 2024 (GLOBE NEWSWIRE) -- The Smart Textiles Market Size Growth was valued at USD 3.6 billion in 2023 and is expected to reach USD 26.1 billion by 2032 and grow at a CAGR of over the forecast period 2024-2032. The Smart Textiles market is driven by technological innovations and shifting consumer preferences. Integrating electronics into fabrics, Smart Textiles enable interactive capabilities, with applications surging in fitness, healthcare, and fashion. Investments in sustainability and wearable technology, supported by entities like the US Department of Energy and European startups, have led to breakthroughs such as health-monitoring fabrics. These advancements are expected to revolutionize healthcare and wellness, with the wearable Smart Textiles segment projected to grow 10% annually by 2025. Focused commercialization efforts by governments and Show less Read more
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