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Smart Textiles Market

Smart Textiles Market Size, Share & Segment By Type (Active/Ultra-Smart Textiles, Passive Smart Textile) By Function (Energy Harvesting, Sensing, Thermo Electricity, Luminescence & Aesthetics, Others) By Vertical (Military & Defense, Sports & Fitness, Automotive, Healthcare, Fashion & Entertainment, Others), By Regions And Global Forecast 2022-2028

Report Id: SNS/C&M/2096 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Smart Textiles Market Size was valued at USD 2.4 billion in 2021, and expected to reach USD 10.7 billion by 2028, and grow at a CAGR of 23.9% over the forecast period 2022-2028.

Smart textiles are fabrics designed to incorporate technology that gives the wearer more performance and functionality. It senses and responds to stimuli or environmental factors, such as those from thermal, mechanical, chemical, magnetic, and other sources. The global demand for smart textile products has grown steadily due to the growing base of applications in the industries of end users. Most of the smart textile demand comes from end-to-end industries such as the military and defense and healthcare. Both developed and developing countries will witness an increase in demand for new styles. This could be due to factors such as rising living standards, rising revenue, safety and environmental awareness, advances in medical technology, the expansion of the automotive industry, and the increase in spending on health care.

Smart Textiles Market Revenue Graph

MARKET DYNAMICS:

KEY DRIVERS:

  • Growth of inexpensive smart wireless sensor networks.

  • Downsizing of electronic components.

  • Application of advanced technology to smart textiles.

  • Booming market for wearable electronics.

RESTRAINTS:

  • Dearth of standards and regulations.

  • Technical challenges of integrating electronics and textiles.

OPPORTUNITIES:

  • Creation of hybrid, multi-featured smart textiles.

  • Innovation of flexible electronics.

CHALLENGES:

  • High cost of smart textiles and the items made with them.

  • Thermal considerations and product protection.

IMPACT OF COVID-19: 

The smart textile market has been seeing tremendous growth over the years. The introduction of advanced textile technology, the slowing down of electronic components, and the expansion of the textile electronics industry are some of the key factors in the growth of the smart textile market. The sudden outbreak of the COVID-19 epidemic has impacted the need for smart textile, especially in 2020 and 2021. The epidemic has forced companies to pursue remote operations. The closure of almost all major countries to curb the spread of COVID-19 disrupted the supply chain and halted production activities, resulting in production delays. However, as a large part of the global population work at home and prefer to do strenuous household activities due to social distance guidelines, the need for sports clothing / equipment and fitness combined with smart and sensory applications that can monitor heart rate and oxygen level has increased, which is expected to boost the growth of smart textiles market. In addition, hospitals in other countries, for instance, in the US, using smart textile in a variety of ways, such as hot blankets and socks, during a pandemic.

Based on Type, the smart textiles market is  sub divided into Active/ultra-smart textiles and Passive smart textile. The active/ultra-smart textile segment holds the largest market share. active/ultra-smart textile is integrated with electronic components such as sensors and actuators, which can hear and respond to the system. They are used to make clothes used by sports people, fire brigades, security guards (bulletproof jackets), and other professionals. The use of textile products can be a relief if the textile is responsive to the environment.

Based on Function, the smart textiles market is segmented into Energy Harvesting, Sensing, Thermo Electricity, Luminescence & Aesthetics and Others. The smart textile market's sensing category held the greatest market share and was predicted to increase significantly throughout the projection period. Smart textile finds applications in the medical, sports, military, and aerospace fields, where sensors and surveillance are already in use and will be made more efficient when integrated with textiles.

Based on Vertical, the smart textiles market is segmented into Military & Defense, Sports & Fitness, Automotive, Healthcare, Fashion & Entertainment and Others. The military and defense sector are expected to capture the critical market size of the smart fabric market during the forecast period. Smart fabrics for military use offer a variety of features such as advanced architecture and protection of ballistics, and are made of waterproof fabric, while others can monitor health and are equipped with GPS system, sensors, and moving trackers.

COMPETITIVE LANDSCAPE:

The key players in the smart textiles market are Koninklijke ten cat, Google, Schoeller Textiles, Textronics, Dupont De Nemours, Texas Instruments, Gentherm, Sensoria, Adidas, Ohmatex and other companies.

MARKET SEGMENT:

BY TYPE

  • Active/ultra-smart textiles

  • Passive smart textile

BY FUNCTION

  • Energy Harvesting

  • Sensing

  • Thermo Electricity

  • Luminescence & Aesthetics

  • Others

BY VERTICAL

  • Military & Defense

  • Sports & Fitness

  • Automotive

  • Healthcare

  • Fashion & Entertainment

  • Others

Smart Textiles Market Segment Pie Chart

REGIONAL ANALYSIS:

North America is ranked by the largest smart textile market. The great demand for smart textile in the region, especially the military and defense, health care, and sports and fitness, is one of the key factors that have led to a high position in the North American smart fabric market. In addition, a few key manufacturers of North American smart textile, which have a positive impact on regional market growth.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Smart Textiles Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 3.1 Billion
Market Size by 2028 US$ 10.7 Billion
CAGR CAGR of 23.9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Active/Ultra-Smart Textiles, Passive Smart Textile)
• By Function (Energy Harvesting, Sensing, Thermo Electricity, Luminescence & Aesthetics, Others)
• By Vertical (Military & Defense, Sports & Fitness, Automotive, Healthcare, Fashion & Entertainment, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Koninklijke ten cat, Google, Schoeller Textiles, Textronics, Dupont De Nemours, Texas Instruments, Gentherm, Sensoria, Adidas, Ohmatex and other companies.
DRIVERS • Growth of inexpensive smart wireless sensor networks.
• Downsizing of electronic components.
• Application of advanced technology to smart textiles.
Restraints • Dearth of standards and regulations.
• Technical challenges of integrating electronics and textiles.


Frequently Asked Questions (FAQ) :

The market value will be expected to reach USD 10.7 billion by 2028.

Dearth of standards and regulations, and Technical challenges of integrating electronics and textiles.

The sudden outbreak of the COVID-19 epidemic has impacted the need for smart textile, especially in 2020 and 2021. The epidemic has forced companies to pursue remote operations. The closure of almost all major countries to curb the spread of COVID-19 disrupted the supply chain and halted production activities, resulting in production delays.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Smart Textiles Market Segmentation, by type

8.1Introduction

8.2 Active/ultra-smart textiles

8.3 Passive smart textile

 

9. Smart Textiles Market Segmentation, by function

9.1Introduction

9.2 Energy Harvesting

9.3 Sensing

9.4 Thermo Electricity

9.5 Luminescence & Aesthetics

9.6 Others

 

10. Smart Textiles Market Segmentation, by vertical

10.1 Introduction

10.2 Military & Defense

10.3 Sports & Fitness

10.4 Automotive

10.5 Healthcare

10.6 Fashion & Entertainment

10.7 Others

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12.Company Profiles

12.1 Google

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Koninklijke ten cat

12.3 Schoeller Textiles

12.4 Textronics

12.5 Dupont De Nemours

12.6 Texas Instruments

12.7 Gentherm

12.8 Sensoria

12.9 Adidas

12.10 Ohmatex

12.11 Other

 

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14.Conclusion

 

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

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