Smart Textiles Market Analysis 2022: Size, Share, Trends and Forecast 2027
The global smart textiles market reached a value of US$ 3.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.6 Billion by 2027, exhibiting at a CAGR of 29.1% during 2022-2027.
Smart textiles, also known as e-textiles, refer to materials that are embedded with conductive threads and electronic components, which help to perceive environmental changes and respond to mechanical, thermal, and chemical manipulations, automatically. These textiles find extensive applications across various industries, including military, healthcare, transportation, entertainment and sports and fitness.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends
Technological advancements in traditional textiles represent one of the primary factors propelling the market growth. With improved technology, synthetic fibers are being manufactured that are more durable and versatile than their conventional counterparts. Furthermore, smart textiles can communicate with other devices, conduct energy, and modify the physical properties of other materials and textiles, which can help to safeguard the wearer from environmental hazards. Owing to these characteristics, they are increasingly being utilized across the defense and military and healthcare industries. The emerging trend of integrating smart textiles with wearable devices is acting as another major growth-inducing factor. This, along with extensive research and development (R&D), is expected to create a positive outlook for the market in the coming years. years.
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The report has segmented the market on the basis of type, functionality, end-use sector and geography.
Breakup by Type:
Passive Smart Textile
Active Smart Textile
Breakup by Functionality:
Sensing
Energy Harvesting
Luminescence and Aesthetics
Thermoelectricity
Others
Breakup by End-Use Sector:
Military and Protection
Healthcare
Sports and Fitness
Fashion and Entertainment
Transportation
Architecture
Others
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Adidas AG, AiQ Smart Clothing Inc., Clothing+, Dupont De Nemours Inc., Gentherm Incorporated, Google LLC, Interactive Wear AG, Ohmatex A/S, Schoeller Textil AG, Sensoria Inc., Texas Instruments Incorporated, Textronics, Vista Medical Ltd., etc.
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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