Smart Textiles Market Size, Share & Growth | Forecast [2031]
Smart Textiles Market Size, Share & Growth | Forecast [2031]
Segments - Smart Textiles Market by Functionalities (Thermoelectricity, Energy Harvesting, Luminescence & Aesthetics, Sensing, and Others), Products (Active, Passive, and Very Smart), End-users (Protection & Military, Fashion & Entertainment, Medical, Sports & Fitness, Architecture, and Transportation), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023-2031
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| Report ID :ICT-SE-2985
| 4.6 Rating
| 73 Reviews
| 188 Pages
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Report Description
Smart Textiles Market Outlook 2031
The global smart textiles market size was USD 2.83 Billion in 2022 and is expected to reach USD 18.50 Billion by 2031, expanding at a CAGR of 23.2% during the forecast period, 2023-2031. The growth of the market is attributed to the growing need fast and reliable smart wearable solutions.
Smart textiles, additionally referred to as electronic textiles, include a range of product categories such as e-textiles, smart clothes, and fabrics that have digital part embedded in them. These digital units can be a battery, a led, an electronic chip, or a sensing device. The aim of smart fabrics is to supply supplemental worth of the clothes to the users, be it for pleasure, performance, or safety.
Smart Textiles Market Drivers, Restraints and Opportunities
- Cost-effectiveness of smart textile and its major key benefits of the sports segment is a major driving factor of the market.
- Increasing efficiency of Internet of Things (IoT) and related technologies is another factor that drives the market growth during the forecasted timeline.
- Inaccuracy of predicting software is expected to act as a major restraint factor that can hamper the market growth.
- Threat of cyber-attacks because of such increased data manipulations and huge datasets is a key challenge. This is projected to hinder the market expansion.
- Increasing demand for fast, and efficient smart wearable solutions making services is expected to create lucrative opportunities during the forecast period.
Scope of Smart Textiles Market Report
The report on the global smart textiles market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Smart Textiles Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Functionalities (Thermoelectricity, Energy Harvesting, Luminescence & Aesthetics, Sensing, and Others), Products (Active, Passive, and Very Smart), and End-users (Protection & Military, Fashion & Entertainment, Medical, Sports & Fitness, Architecture, and Transportation) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Adidas; Auxetic Performance Ltd; Nike, Inc.; Eleksen; Fibretronic limited; Thermosoft International Corporation; Gentherm Inc.; Clothing+; and Peratech Holdco Limited |
Smart Textiles Market Segment Insights
Functionalities Segment Analysis
Based on functionalities, the global smart textiles market is segmented into thermoelectricity, energy harvesting, luminescence & aesthetics, sensing, and others. The sensing segment accounted for a major share of the market in 2020 and is expected to grow significantly during the forecast period owing to the flexibility of sensing and wide adoption for any good garment.
Products Segment Analysis
On the basis of products, the market is divided into active, passive, and very smart. The passive segment is expected to hold major market share during the targeted period owing to rising demand for wearable clothing, which provides sense for the user movement and also the encompassing environment.
Moreover, certain advantages such as low product costs and fewer advanced functionalities than different variants present key drivers of the segment expansion.
End-users Segment Analysis
Based on end-users, the global smart textiles market is fragmented into protection & military, fashion & entertainment, medical, sports & fitness, architecture, and transportation.
The sports & fitness segment is anticipated to witness substantial growth in the coming years owing to wide employment of the products in refined electronics devices together with fitness watches and belts for observation health and body vitals in real-time.
The defence & military segment, however, accounted for market share of more than 23.87% in 2020. The combination of those products with electronic devices offer a light-weight possibility against heavy batteries, which are integrated with clothes employed in defence & military.
Regional Outlook
In terms of regions, the global smart textiles market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
North America is projected to constitute a major share of the worldwide market during the forecast period due to the increasing products demand within the transportation and healthcare industries in the region.
The Asia Pacific market, however, is anticipated to witness steady growth during the forecast period owing to the availability of cheap raw materials and labor of textile products in the region especially in major economies such as China, Japan, and India. These factors have help in remodelling the region into a producing hub for such technology.
Segments
The global smart textiles market has been segmented on the basis of
Functionalities
- Thermoelectricity
- Energy Harvesting
- Luminescence & Aesthetics
- Sensing
- Others
Products
- Active
- Passive
- Very Smart
End-users
- Protection & Military
- Fashion & Entertainment
- Medical
- Sports & Fitness
- Architecture
- Transportation
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Adidas
- Auxetic Performance Ltd
- Nike, Inc.
- Eleksen
- Fibretronic limited
- Thermosoft International Corporation
- Gentherm Inc.
- Clothing+
- Peratech Holdco Limited
Competitive Landscape
Key players competing in the global smart textiles market are Adidas; Auxetic Performance Ltd; Nike, Inc.; Eleksen; Fibretronic limited; Thermosoft International Corporation; Gentherm Inc.; Clothing+; and Peratech Holdco Limited. Key players such as Fibretronix are likely to be the leading integrators, which have widely engaged in the encapsulation of electronic products.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Textiles Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Textiles Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Textiles Market - Supply Chain
4.5. Global Smart Textiles Market Forecast
4.5.1. Smart Textiles Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Textiles Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Smart Textiles Market Absolute $ Opportunity
5. Global Smart Textiles Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Smart Textiles Market Size and Volume Forecast by End Users
5.3.1. Protection & Military Fashion & Entertainment Medical Sports & Fitness Architecture Transportation
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Smart Textiles Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Smart Textiles Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Smart Textiles Demand Share Forecast, 2019-2026
7. North America Smart Textiles Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Smart Textiles Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Smart Textiles Market Size and Volume Forecast by End Users
7.4.1. Protection & Military Fashion & Entertainment Medical Sports & Fitness Architecture Transportation
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Smart Textiles Demand Share Forecast, 2019-2026
8. Latin America Smart Textiles Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Smart Textiles Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Smart Textiles Market Size and Volume Forecast by End Users
8.4.1. Protection & Military Fashion & Entertainment Medical Sports & Fitness Architecture Transportation
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Smart Textiles Demand Share Forecast, 2019-2026
9. Europe Smart Textiles Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Smart Textiles Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Smart Textiles Market Size and Volume Forecast by End Users
9.4.1. Protection & Military Fashion & Entertainment Medical Sports & Fitness Architecture Transportation
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Smart Textiles Demand Share Forecast, 2019-2026
10. Asia Pacific Smart Textiles Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Smart Textiles Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Smart Textiles Market Size and Volume Forecast by End Users
10.4.1. Protection & Military Fashion & Entertainment Medical Sports & Fitness Architecture Transportation
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Smart Textiles Demand Share Forecast, 2019-2026
11. Middle East & Africa Smart Textiles Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Smart Textiles Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Smart Textiles Market Size and Volume Forecast by End Users
11.4.1. Protection & Military Fashion & Entertainment Medical Sports & Fitness Architecture Transportation
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Smart Textiles Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Smart Textiles Market: Market Share Analysis
12.2. Smart Textiles Distributors and Customers
12.3. Smart Textiles Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Adidas Auxetic Performance Ltd Nike, Inc. Eleksen Fibretronic limited Thermosoft International Corporation
Methodology
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