Smart Textiles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
The global smart textiles market reached a value of US$ 3.4 Billion in 2019. Smart textiles, or e-textiles, refer to the fabrics that are embedded with conductive threads and electronic components. There are two kinds of smart textiles, namely passive and active smart textiles. They can sense or detect the environmental changes and automatically respond to the mechanical, thermal and chemical manipulations. These textiles can also communicate with other devices, conduct energy and modify the physical properties of other materials and textiles to protect the wearer from environmental hazards. Certain textile variants are used for design and fashion purposes while some are used to facilitate human functioning. Owing to these benefits, they find extensive applications across various industries, including military, healthcare, transportation, entertainment and sports and fitness.
The emerging trend of miniaturization of electronics, along with the increasing integration of smart textiles with wearable devices, is one of the key factors driving the growth of the market. In the healthcare and sports sectors, smart textiles are increasingly being used to monitor muscle vibrations, regulate body temperatures and provide protection from various hazards. Furthermore, several innovations in the electronics sector have facilitated the integration of smart textiles with compact electronic components, such as sensors, batteries and control consoles, in wearable and electronic devices. Additionally, increasing product adoption in the defense sector is acting as another growth-inducing factor. For instance, smart textiles are combined with defense equipment for health monitoring, wired and wireless communications, superior mobility, sensing of heat and cold stresses and camouflage. This, along with technological advancements and extensive research and development (R&D) activities, is projected to drive the market further. Looking forward, IMARC Group expects the market to reach a value of US$ 9.3 Billion by 2025, exhibiting a CAGR of 18% during 2020-2025.
Breakup by Type:
Passive Smart Textile
Active Smart Textile
Breakup by Functionality:
Luminescence and Aesthetics
Breakup by End-Use Sector:
Military and Protection
Sports and Fitness
Fashion and Entertainment
Breakup by Region:
Middle East and Africa
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, International Fashion Machines Inc., Ohmatex A/S, Schoeller Textil AG, Sensoria Inc., Texas Instruments Incorporated, Textronics, Vista Medical Ltd., etc.
Key Questions Answered in This Report:
How has the global smart textiles market performed so far and how will it perform in the coming years?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the functionality?
What is the breakup of the market based on the end-use sector?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global smart textiles market and who are the key players?
What is the degree of competition in the industry?
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