The global smart textiles market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors driving market revenue growth are rising demand for smart textiles across various industries, rapid integration of cutting-edge technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) into industrial fabrics, and growing trend of wearable electronics and devices.
Smart textiles, also known as e-Textiles or electronic textiles, are fabrics with digital components such as light, batteries, and various electronics integrated into them. These textiles are basically categorized into performance-enhancing and aesthetic smart textiles. Performance-enhancing smart textiles find applications in athletics, extreme sports, and military operations, and these are specifically designed to regulate body heat, control muscle vibration, reduce wind resistance, and improve overall athletic performance. Smart textiles are also used in protective clothing to safeguard against environmental hazards such as fire, radiation, etc. These textiles are rapidly gaining acceptance in the health and beauty industry with rising demand for drug-releasing medical textiles and fabrics with aroma, moisturizer, and anti-aging properties. Some common examples of smart textiles include multilayer composite yarn and textiles, UV protective clothing, ceramic-coated textiles, plasma-treated clothing, conductive fibers, and fabrics with optical sensors.
Top Companies Operating in the Global Smart Textiles Market:
- Adidas AG
- Ohmatex
- Peratech Ltd.
- DuPont
- Infineon Technologies
- Clothing+
- Fibertronic Ltd.
- Weartech
- Tektronix, Inc.
- International Fashion Machines, Inc.
- Intelligent Clothing Ltd.
- Schoeller Textiles AG
- Interactive Wear AG
- Textronics, Inc.
- Vista Medical Ltd.
- Sensoria Inc.
- Gentherm Incorporated
- AIQ Smart Clothing
- Outlast Technologies
- Hexoskin
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Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and work sites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
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The Smart Textiles market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Smart Textiles market.
The global Smart Textiles market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Passive smart textiles
- Active/ultra-smart textiles
Function Outlook (Revenue, USD Billion; 2018-2028)
- Sensing
- Energy Harvesting
- Thermoelectricity
- Luminescence Aesthetics
- Others
End-use Industry Outlook (Revenue, USD Billion; 2018-2028)
- Military Defense Industry
- Healthcare Industry
- Sports Fitness Industry
- Fashion Entertainment Industry
- Automotive Industry
- Building Construction Industry
- Others
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