Semiconductors and Electronics

Image

Global Smart Textiles Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Oct 2023
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Smart Textiles Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 2.80 Billion
Diagram Market Size (Forecast Year) USD 24.84 Billion
Diagram CAGR %

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

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

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

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.)

Market Opportunities

  • Development of flexible electronics
  • Emergence of hybrid application and multi-featured mobile devices
  • Rise in applications of product in the wearable

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.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

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.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

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.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The Smart Textiles Market will be worth USD 24.84 billion by 2030.
The Smart Textiles Market growth rate is 31.3% during the forecast period.
Increase in Broadband Enabled Devices & Technological Advancements are the growth drivers of the Smart Textiles Market.
The product, function and end users are the factors on which the Smart Textiles Market research is based.
DuPont acquired Laird Performance Materials & DuPont acquired Tex Tech’s Core Matrix Technology are the latest developments in the Smart Textiles Market.
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials