Smart Textiles Market

GMI Research analysis indicates that the Smart Textiles Market estimated at USD 1,757 Million in 2020 and is slated to register a double digit CAGR of 23.6% over the period, 2021-2028 and is projected to reach USD 9,570 Million in 2028.

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Major Smart Textiles Market Drivers

Factors including growing demand for wearables, ongoing technological advancements, and accelerating penetration of mobile and smart gadgets are projected to drive the smart textile market size. Further, as per the smart textiles market analysis, increasing implementation of advanced technologies such as AI and IoT in smart textiles and expansion in wearable industry will expand the market size. Growing prominence of advanced gadgets with technologically sophisticated features and advancements in electronics and textile industries is anticipated to augment the smart textile market size.

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Type – Segment Analysis

Passive textile segment is predicted to grow at a higher CAGR over the coming years, due to their low prices and less complicated functionalities than other alternatives. The fabric can sense any movement in users and environment, augmenting the market growth. Active smart textiles are expected to dominate the market over the forecast period, owing to its use in outerwear’s, primarily garments to maintain body temperature. The ability of active fabrics to adapt their functioning in response to the changing environment, user input, motion or weather has strengthened the growth of active fabrics.

End Use – Segment Analysis

Military and protection end-use industries will expand at a faster CAGR during the forecast period, owing to its advanced insulation properties. The textiles are also capable of health monitoring and are equipped with sensors, motion trackers, and GPS systems.

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Regional – Segment Analysis:

North America is estimated to witness a faster CAGR during the forecast period, due to the rising demand for smart textiles in the healthcare and transportation sectors. Also, rising government expenditure on military and defense sectors and the presence of leading producers like Jabil, Sensoria, and Alphabet are propelling the market growth. Asia Pacific will grow at a faster CAGR during the forecast period, owing to the availability of cheaper raw materials and labor. Rising demand for smart textile in the sports, fitness, military & defense industries and

Top Market Players

Various notable players operating in the market, include, AiQ Smart Clothing, Jabil Inc., Sensoria, Koninklijke Ten Cate bv, Schoeller Switzerland, DuPont., Gentherm., Textronics., Wearable Technologies Ltd, Nike, Inc, among others.

Key Developments:

• • In Nov 2020, sensoria have introduced an app, sensoria run V2.0, It is attached to cloths which provide an artificial intelligence coach which will provide real-time, actionable feedback to improve performance and reduce the risk of injuries to human.
  • In January 2019, Interactive Wear connect with the i-compression project under which it is working with research and industrial partners to demonstrate and develop a sensor-driven TENS-application to help people suffering from chronic venous diseases. The view of the project is to develop a compression stocking with an integrated actuator and motion sensor technology.
  • In July 2021, Laird Performance Materials, a leading company offering high-performance electromagnetic shielding and thermal management solutions was acquired by DuPont.
  • In February 2021, DuPont acquired Tex Tech’s Core Matrix Technology, a monolithic fabric structure that decreases backface trauma, while expanding ballistic and fragmentation performance for military and law enforcement personnel. This will expand the company’s portfolio of life protection solutions, offering the most flexible, lightweight ballistic solutions to fulfil norms of National Institute of Justice (NIJ) for improved durability.
  • In Nov 2020, sensoria launched an app, sensoria run V2.0, attached to cloths which offers an artificial intelligence coach to offer real-time and actionable feedback to enhance performance and minimize the chances of injuries to human.
  • In January 2019, Interactive Wear incorporated with the i-compression project to work with research and industrial partners to exhibit a sensor-driven TENS-application and help people suffering from chronic venous diseases. The intent of the project is to incorporate a compression stocking with an integrated actuator and motion sensor technology.

Segments covered in the Report:

The global Smart Textiles market has been segmented on the basis of Type, End Use and regions. Based on Type, the market is segmented into Passive textile, and Active textiles. Based on End Use, the market is segmented into Military & Protection, Healthcare, Sports & Fitness, Fashion & Entertainment, Automotive and others.

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Market Segmentation

Global Smart Textiles Market by Type

• • Passive textile
  • Active textiles

Global Smart Textiles Market by End Use

• • Military & Protection
  • Healthcare
  • Sports & Fitness
  • Fashion & Entertainment
  • Automotive
  • Others

Global Smart Textiles Market by Region

• • North America Smart Textiles Market (Option 1: As a part of the free 25% customization)

    • By Type
    • By End Use
    • US Market All-Up
    • Canada Market All-Up

  • Europe Smart Textiles Market (Option 2: As a part of the free 25% customization)

    • By Type
    • By End Use
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Smart Textiles Market (Option 3: As a part of the free 25% customization)

    • By Type
    • By End Use
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Smart Textiles Market (Option 4: As a part of the free 25% customization)

    • By Type
    • By End Use
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Smart Textiles (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • AiQ Smart Clothing
  • Jabil Inc.
  • Sensoria
  • Koninklijke Ten Cate bv
  • Schoeller Switzerland
  • DoPont.
  • Gentherm.
  • Textronics.
  • Wearable Technologies Ltd
  • Nike, Inc