According to a new market report published by Transparency Market Research, "Smart Textile Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023," the smart textile market was valued at US $700 million in 2014, which is expected to reach US $7,730.0 million by 2023, growing at a rate of 30.8% from 2015 to 2023.