The Smart Textiles Market Size was valued at USD 2.97 billion in 2022, and expected to reach USD 16.51 billion by 2030, and grow at a CAGR of 23.9% over the forecast period 2023-2030.
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.
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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.
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.
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
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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
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.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 2.97 Billion |
| Market Size by 2030 | US$ 16.51 Billion |
| CAGR | CAGR of 23.9% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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. |
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
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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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