Cambodia Smart Textile Market: Industry Overview (2022-2027) by Type, Application, and Region

Cambodia Smart Textile Market Overview:

Smart textiles are fabrics that have been created using innovative technologies that provide value. E-textiles are used in much smart clothing, wearable technology, and wearable computing applications. Cambodia's textile industry is one of the world's fastest-growing textile businesses. Western and Asian nations are looking to establish trade relations with it. It mostly buys raw textile materials from China and ships them to nations such as the United States, Europe, and even Asian countries.

The report examines the market's growth drivers as well as its segments (Type, Application, and Region). Data has been provided by market participants. This market study takes an in-depth look at all of the significant advancements that are currently occurring across all industry sectors. To provide key data analysis for the historical period (2017-2020), statistics, infographics, and presentations are used. The report examines the Cambodia Smart Textile market's, Restraints, Opportunities, and Challenges. This SMR report includes investor recommendations based on a detailed analysis of the current competitive landscape of the Cambodia Smart Textile market.

Cambodia Smart Textile Market Dynamics:

Cambodia signed MoU with the EU to strengthen smart textile

The Garment Manufacturers Association of Cambodia (GMAC) and the European Chamber of Commerce in Cambodia (EuroCham) have signed a memorandum of understanding to increase collaboration in promoting sustainability. According to a joint statement from GMAC and EuroCham, the agreement signed on March 16, 2022, intends to help European garment and fashion companies in Cambodia as well as promote Cambodia's clothing sector across Europe and ASEAN. The first focus of the agreement is on increasing sustainable sourcing, workplace safety, and compliance. The agreement also addresses environmental awareness in the production chain, helping European brands with responsible sourcing from Cambodia, and Industry 4.0 opportunities.

Growing awareness for smart clothing among the health conscious people

The increasing demand for body monitoring activities via sensors is a key driver for the smart textile market. The rapidly increasing demand for clothing equipped with sensors to monitor heart rate, blood pressure, and muscle engagement as well as the rapid increase in workplace injuries and cases of injury during sports activities associated with increased investments in the military and defense sectors are all driving market growth. Furthermore, increased awareness about the importance of sports and fitness as well as athletes'  inclination toward smart clothing to minimize possible injuries, will fuel various growth prospects for the smart clothing sector during the forecast period.

COVID 19 impact and the restraint on the market

Because of the coronavirus outbreak, the impact is felt more strongly. According to Cambodia's Labor Ministry spokeswoman Heng Sour, about 200 firms have faced a raw material shortage. As a result of the supply chain disruption caused by the pandemic, huge areas of Cambodia's textile sector were stopped operations. However, the smart textile market is hampered by breach of users, high production costs, a lack of public awareness, and the cloth's ability to withstand harsh weather.

Cambodia Smart Textile Market Segment Analysis:

By Type, In 2020, the performance enhancement smart textile segment was dominant the market accounting for roughly xx% of total market revenue. Fabrics designed to improve performance assist human activities by controlling body temperature, perspiration, heart rate, respiration, and other variables.  clothing that regulates body temperature and fabrics which protect against environmental threats such as radiation.

The purpose of this research is to provide stakeholders in the industry with a thorough insight into the Cambodia Smart Textile market. The study includes an analysis of difficult data in simple language, as well as the industry's historical and current state, as well as anticipated market size and trends. The market report examines all segments of the industry, with a focus on significant players such as market leaders, followers, and new entrants. The report includes a PORTER, and PESTEL analysis as well as the possible influence of microeconomic market determinants. External and internal elements that are expected to have a favorable or negative impact on the market have been examined, providing decision-makers with a clear future vision of the industry. The research also aids in comprehending the Cambodia Smart Textile market dynamics and structure by studying market segments and forecasting market size. The research is an investor's guide since it depicts the competitive analysis of major competitors in the Cambodia Smart Textile market by product, price, financial situation, product portfolio, growth plans, and geographical presence.

Cambodia Smart Textile Market Scope:

Cambodia Smart Textile Market Players

• Evora SA
• Kaltex SA
• Vicunha Textil SA
• Coteminas SA
• Alpargatas SAIC
• Santana Textiles SA
• Fabricato SA
• Pettenati SA Textile Industry
• Australtex SA
• Nike Inc.
• American Eagle Outfitters Inc.Standard Textile Co. Inc.