According to a study published by M Shahbandeh in Statista, the global apparel market is projected to grow in value from 1.5 trillion USD in 2020 to about 2.25 trillion USD in 2025, showing that the demand for clothing and shoes is on the rise across the world. The increase in demand for quality products has led the textile industry to embrace automation and AI to minimize labour and production costs and deliver products according to customer preferences.
Another report by Grand View Research says that the global textile market size was valued at 961.5 billion USD in 2019 and is estimated to exhibit a CAGR(Compound annual growth rate) of 4.3% from 2020 to 2027 owing to the increased demand for apparel in developing countries like China, India, Mexico, and Bangladesh. Textile is a labour-intensive industry and technologies like AI and IoT have helped in easier data processing, predictive analysis, developing smart apparel, and efficiently take up massive work without human intervention.
It is used in Fabric pattern inspection, facilitating pattern making, Supply chain management and merchandising , making of smart apparels with sensors and integrated technology which monitor our body and health condition through biometrics.
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