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

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

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.

Attributes	Details
Report Title	Smart Textiles Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
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)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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.

Smart Textiles Market Key Players

Table Of Content

1. Executive Summary
2. 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 (000â€™ 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