Global Smart Textiles Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2023 –2030 |
 Market Size (Base Year) |
USD 2.80 Billion |
 Market Size (Forecast Year) |
USD 24.84 Billion |
 CAGR |
% |
| Major Markets Players |
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Global Smart Textiles Market, By Product (Passive Smart, Active Smart, Ultra-Smart), Function (Sensing, Energy Harvesting, Luminescence and Aesthetics, Thermo-Electricity, Others), End Users (Military and Protection, Architecture, Healthcare, Sports and Fitness, Fashion and Entertainment, Automotive, Others) - Industry Trends and Forecast to 2030.
Smart Textiles Market Analysis and Size
Smart textiles and interactive fabrics have gained immense popularity for personal health management due to the integration of energy sources, sensors/ actuators, and communication utilized for personal applications such as protection/safety, healthcare, and emergency. Smart textiles, also known as e-textiles, are fabrics integrated with digital components such as sensors, microcontrollers, and conductive fibers. These textiles can sense, react, and adapt to environmental conditions or stimuli from mechanical, thermal, or chemical sources. Unlike traditional fabrics, smart textiles offer interactive functionalities and can communicate data. They are increasingly being used in various sectors including healthcare, sports, military, and fashion. In healthcare, they can monitor vital signs and alert medical professionals. In sports, they can track performance metric
Global smart textiles market was valued at USD 2.80 billion in 2022 and is expected to reach USD 24.84 billion by 2030, registering a CAGR of 31.3% during the forecast period of 2023-2030. “Sports and Fitness” accounts for the largest end users segment in the respective market owing to the high use in sophisticated electronics devices including fitness watches and belts. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Smart Textiles Market Scope and Segmentation
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Report Metric |
Details |
|
Forecast Period |
2023 to 2030 |
|
Base Year |
2022 |
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Historic Years |
2021 (Customizable to 2015 - 2020) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Product (Passive Smart, Active Smart, Ultra-Smart), Function (Sensing, Energy Harvesting, Luminescence and Aesthetics, Thermo-Electricity, Others), End Users (Military and Protection, Architecture, Healthcare, Sports and Fitness, Fashion and Entertainment, Automotive, Others) |
|
Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa |
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Market Players Covered |
AiQ Smart Clothing (Taiwan), Clothing Plus Ltd. (U.K.), DuPont (U.S.), Google (U.S.), GENTHERM (U.S.), Interactive Wear (Germany), schoeller Switzerland (Switzerland), Sensoria (U.S.), Textronics (U.S.), Company Check Ltd (U.K.), International Fashion Machines (U.S.), Vista Medical (U.S.), Nike, Inc (U.S.), O'NEILL (U.S.), Wearable Technologies Limited (U.K.), Thermosoft International Corporation (U.S.), Fibretronics Sales (Pty) Ltd (South Africa), Peratech Holdco Limited (U.K.), Bonfiglioli (Italy), APEX MILLS (U.S.), and H.B. Fuller Company (U.S.) |
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Market Opportunities |
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Market Definition
A textile is defined as an object which is made by weaving of threads or yarns into a fabric originally made of natural animal or plant-based fibers. With the rise in technological advancement, these started being manufactured in laboratories resulting in stronger and more versatile output products. Now, thin fibers run through your smartphone and relay data can be woven into cloth textiles due to the digital communications. Smart textiles refer to cloth which consists of modern computer-based technology woven into it.
Global Smart Textiles Market Dynamics
Drivers
- Increase in Broadband Enabled Devices
The increase in the adoption of the semiconductors for the broadband enabled devices and broadband applications acts as one of the major factors driving the smart textiles market. The surge in demand for the consumer electronics devices along with the expansion of wearable electronics industry drives the market further.
- Technological Advancements
The continuous technological advancements in the smart textiles along with lower power consumption accelerate the market growth. The surge in the popularity of the technology owing to its characteristics such as added convenience, increased productivity, and better reliability and quality positively impact the market.
- Internet of Things (IoT)
The rise in the applications of the Internet of Things (IoT) including smart homes, smart cities, Machine-to-Machine (M2M) communications, and Industrial IoT (IIoT), among various others further influence the growth of the market.
Additionally, rapid urbanization, change in lifestyle, the surge in investments and increased consumer spending positively impact the global smart textiles market.
Opportunity
- Development of Flexible Electronics and Emergence of Hybrid Application
Furthermore, development of flexible electronics and emergence of hybrid application and multi-featured mobile devices extend profitable opportunities to the market players in the forecast period of 2023 to 2030. The rise in applications of product in the wearables will further expand the market.
Restraint/Challenge
- High Production Cost
High production cost owing to requirement of high-end materials and lack of standards and regulations are expected to obstruct market growth. Also, the rise in concerns associated with thermal consideration and product protection and technical difficulties associated with integration of electronics and textiles are projected to challenge the global smart textiles market in the forecast period of 2023 to 2030.
This global smart textiles market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on global smart textiles market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In July 2021, DuPont acquired Laird Performance Materials. Laird Performance Materials is a known company engaged in offering thermal management solutions and high-performance electromagnetic shielding
- In February 2021, DuPont acquired Tex Tech’s Core Matrix Technology. The acquisition aims to expand company’s already robust portfolio of life protection solutions. This will allow lightweight ballistic and most flexible solutions to meet new standards of National Institute of Justice (NIJ) for improved durability
Global Smart Textiles Market Scope
The global smart textiles market is segmented on the basis of product, function and end users. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Passive Smart
- Active Smart
- Ultra-Smart
Function
- Sensing
- Energy Harvesting
- Luminescence and Aesthetics
- Thermo-Electricity
- Others
End Users
- Military and Protection
- Architecture
- Healthcare
- Sports and Fitness
- Fashion and Entertainment
- Automotive
- Others
Global Smart Textiles Market Region Analysis/Insights
The global smart textiles market is analyzed and market size insights and trends are provided by country, product, function, and end users.
The countries covered in the global smart textiles market report are U.S., Canada, Mexico, Brazil, Argentina, the Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa.
North America dominates the global smart textiles market due to the rise in demand for the product from the consumer electronics and medical sectors, and technological advancements within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2023 to 2030 because of the high prevalence of chronic diseases, such as diabetes, and the emergence of new innovative products in the region. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Competitive Landscape and Global Smart Textiles Market Share Analysis
The global smart textiles market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global smart textiles market.
Some of the major players operating in the global smart textiles market are:
- AiQ Smart Clothing (Taiwan)
- Clothing Plus Ltd. (U.K.)
- DuPont (U.S.)
- Google (U.S.)
- GENTHERM (U.S.)
- Interactive Wear (Germany)
- schoeller Switzerland (Switzerland)
- Sensoria (U.S.)
- Textronics (U.S.)
- Company Check Ltd (U.K.)
- International Fashion Machines (U.S.)
- Vista Medical (U.S.)
- Nike, Inc (U.S.)
- O'NEILL (U.S.)
- Wearable Technologies Limited (U.K.)
- Thermosoft International Corporation (U.S.)
- Fibretronics Sales (Pty) Ltd (South Africa)
- Peratech Holdco Limited (U.K.)
- Bonfiglioli (Italy)
- APEX MILLS (U.S.)
- H.B. Fuller Company (U.S.)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
