USD 2.17 billion
Smart Textile Market Size, Share, Growth Analysis, By Type(Passive Smart Textile, and Active/Ultra-smart Textile), By Application,(Shape Memory Textiles, Color-changing Textiles, Phase-changing Textiles, and Wearable Smart Electronic Textiles), By End-User(Defense & Military, and Sports and Fitness), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20B2064 |
Region:
Global |
Published Date: March, 2024
Pages:
179
|Tables:
89
|Figures:
71
Smart Textile Market Insights
Global Smart Textile Market size was valued at USD 2.17 billion in 2022 and is poised to grow from USD 2.79 billion in 2023 to USD 20.61 billion by 2031, growing at a CAGR of 28.40% in the forecast period (2024-2031).
The proliferation of smart clothing is directly linked to advances in material science. Researchers and scientists continue to push the limits of what textiles can do by adding nanomaterials, conductive polymers, and other advanced materials to traditional textiles These new materials offer unprecedented properties such as electrical conductivity permeability, durability and ability to interact with the environment Comfort and functionality are achieved.
These advances in materials science enable the development of highly specialized fabrics that can be adapted to specific applications from military to consumer electronics as research continues and new products are developed, the versatility and application of smart clothing expands, and is interesting in their wide range of applications. Technological advances for materials demand, which in turn fuels research and development.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Passive
Fastest Growth
Growth Rate
28.40% CAGR
Global Smart Textile Market ($ Bn)
Country Share for North America Region (%)
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Smart Textile Market Segmental Analysis
Based on Type, the smart textile market is segmented as passive smart textile, active/ultra-smart textile. Based on Application, the smart textile market is segmented as follows, shape memory textiles, color-changing textiles, phase-changing textiles, and wearable smart electronic textiles. Based on End-User, the smart textile market is segmented into Defense & military and Sports and fitness. Based on region, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Analysis by Product
The active segment accounted for the dominating market share at 42.8% by 2022. The active segment includes sports and fitness and activity wear, such as workout clothes, sports bras, gym lines and running shoes smart clothing in this segment this category offers many benefits, such as increased Performance, comfort, and monitoring capabilities. On-site, smart clothing often incorporates technologies such as water filtration, heat management and compression. These features help improve athletic performance by keeping the wearer cool, cool and comfortable during exercise. Smart clothing can provide greater flexibility and movement, allowing for better mobility.
Passive smart clothing is the fastest growing segment that can sense the user’s movements and surroundings. The segment is expected to expand significantly during the forecast period due to lower prices and less complex operations than other methods. Highly intelligent clothing can recognize, react and adapt its behavior in a situation and follow principles namely after artificial intelligence (AI). Additionally, the ability to effectively handle life-threatening situations such as accidents or remain highly comfortable even in the face of large environmental changes is expected to enhance its development.
Analysis by End-Use
Defense & military segment accounted for the largest revenue share of 28.2% by 2022. The defense & military sectors are exploring smart clothing applications for applications such as military protection systems, body tracking, and communications. The lightweight and flexible nature of smart clothing makes them ideal for these industries, where mobility and comfort are important. When combined with electronics, these features provide a lightweight alternative to the heavy battery packs used in combat and military uniforms. Weapon systems are expected to be equipped with wireless weapons, chemical and biological threat detection systems, head-mounted displays, global positioning systems (GPS), and battery power to make them safe.
The sports and fitness segment are expected to expand significantly over the forecast period. Smart clothing can respond to mechanical, thermal, magnetic, chemical or electrical stimuli. These capabilities allow them to be used in fitness watches, wristbands and sophisticated electronic devices for real-time health and physiological monitoring. Smart clothing can also be used in medical applications to reduce processing time. Growing global population led to the demand for advanced healthcare facilities and medical facilities, which fueled the growth of the market.
Global Smart Textile Market By Product
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Smart Textile Market Regional Insights
North America dominated the market, holding the largest share of 48.4% by 2022 and is also expected to be the fastest growing regional market. Several leading companies operating in the smart clothing industry in the United States. These companies develop, manufacture and sell smart textile products, contributing to the growth of the market. The presence of prominent players contributes to innovation and market competitiveness. The segment has a strong technical infrastructure and know-how, which facilitates the development of smart textiles technology.
Asia-Pacific is also expected to witness steady growth during the forecast period. Asian countries such as China, Japan and India have turned into hubs for such technologies due to the availability of cheap raw materials and labor This has led to a decline in the overall production of smart textiles in the European region. However, increasing R&D activities in such smart textiles supported in EU FP6 and FP7 programs are revitalizing the industry in European countries.
Global Smart Textile Market By Region
- Largest
- Fastest
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Smart Textile Market Dynamics
Drivers
Application of Advanced Technology in Smart Textiles
- The advent of new technologies such as artificial intelligence (AI) and the Internet of Things (IoT) has transformed the textile industry. Integrated with AI, Bluetooth Low Energy (BLE), edge computing and cloud data, the new smart suit is designed to track and interact with the wearer’s data, including blood pressure, heart rate, sweat and temperature. Error detection, pattern recognition and color matching are some of the common applications of AI in textile manufacturing. The use of AI has enabled the creation of intelligent clothing that uses IoT and electronic sensors to create an optimal user experience. Integrating technology into clothing can create a comfortable and health-focused experience.
New Technological Advancements
- New technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI) have transformed the textile market. New smart gear incorporating Bluetooth Low Energy (BLE), artificial intelligence (AI), edge computing, and cloud data is being developed to monitor and share wearer data, such as heart rate, blood pressure, sweat, temperature and AI historical- real- time -Can acquire and collect performance data, providing insights that can help the holder perform better.
- Common applications of AI in textile manufacturing include sample processing, error analysis, and color correction. AI has led to the creation of smart clothing that uses IoT and electronic sensors to provide a better user experience. Clothing with integrated technology can provide a comfortable and health-conscious experience. Because clothing covers a large portion of the body, smart clothing can capture a variety of body information. Additionally, smart clothing relies heavily on Internet of Things (IoT) and Bluetooth Low Energy (BLE) technologies for long-lasting power from their internal batteries
Restraints
Lack of Standards and Policies
- The lack of standards and regulations is expected to be a key driver of market growth as smart clothing manufacturers will find it difficult to scale up and commercialize new high-tech technologies. The manufacture of smart clothing poses significant environmental and health risks. The major services of the textile industry include sorting, washing, dyeing, neutralizing, polishing, mercerizing, printing and finishing. These operations throw up enough toxic effluent to contaminate the soil, and pollution of air, groundwater and groundwater that environmental standards are needed to prevent pollution a textile and leather industries.
Lower Level of Awareness in Smart Clothing
- According to the GMI APAC Wearable Technology Survey, smart clothing is not as popular as other wearables. Only 20% of respondents said they were aware of smart clothing. However, it is predicted that smart clothing is expected to become more widespread. According to the IDC Global Quarterly Wearable Device Tracker, the market is expected to have a lot of potential, with a CAGR of 77% through 2022.
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Smart Textile Market Competitive Landscape
The competitive environment of the Global Smart Textile Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. The global market competitive landscape provides detailed information from competitors. Detailed information includes company overview, company financials, earnings, market potential, investment in research and development, new market strategy, global presence, manufacturing regions and locations of production, manufacturing capacity, company strengths and weaknesses, product launches, product expansion and expansion, application authority.
Top Player’s Company Profiles
- AIQ Smart Clothing Inc.
- Celanese Corporation
- Elitac Wearables
- Embro GmbH
- H.B. Fuller Company
- HeiQ Materials AG
- Interactive Wear AG
- Jacquard by Google LLC
- Nextiles, Inc.
- Outlast Technologies GmbH
- Schoeller Technologies AG
- Sensoria Inc.
- Softmatter
- Textile ETP
- Textronics Design System Pvt. Ltd.
Recent Developments
- In April 2023, UK researchers made a breakthrough with a world-class open smart suit that can change shape and color in response to two specific stimuli: thermoelectricity This booming breakthrough opens many possibilities has emerged in many industries including virtual reality and robotics. Clothing contains stimulus mechanisms (SRMs) that respond to external stimuli such as light, heat, magnetic fields, or electricity. When the SRM is exposed to these stimuli, changes in molecular structure, mechanical properties, or shape occur. This development opens the door to new applications and improvements in high-performance textiles.
- In April 2023, researchers at the University of Waterloo created an incredibly intelligent material that can handle two separate processes: heat and electricity. This groundbreaking breakthrough marks the first time a product has been developed giving two such answers. The innovative design of its intelligent features opens up more possibilities for different applications. For example, they can be used to make clothes that keep you warm when you get from the car to the office in the winter. In addition, it could be used on car bumpers that recover their original shape after impact. These examples demonstrate the broad potential of this unique feature to improve everyday experiences and advance technology.
- In January 2021, DuPont acquired Tex Tech's Core Matrix Technology, a monolithic textile structure that can enhance ballistic fragmentation performance and significantly reduce rear end trauma to military and law enforcement. This acquisition will add to the company's already robust live portfolio a more flexible, lightweight ballistic solution to meet the new standards from the National Institute of Justice (NIJ) In addition to improved protection; the new technology also increases the comfort of bulletproof body armor.
Smart Textile Key Market Trends
Rising Demand for Smart Clothing
- The growing demand for smart clothing in the celebrated electronics is driving the global smart textile market. Also, smart clothing is very popular in the healthcare industry. Growing wearable and sophisticated electronic devices with highly advanced functionalities, increasing inexpensive smart sensor cables, increasing demand for sports and fitness are major drivers for the market.
Smart Textile Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Many manufacturers want to increase production to meet the growing demand from various industries however, the global smart textile market is hampered due to rising cost of materials, due to stringent regulations for the integration of electronic components in clothing, and issues related to material safety & thermal considerations.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.17 billion |
| Market size value in 2031 | USD 20.61 billion |
| Growth Rate | 28.40% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Smart Textile Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Smart Textile Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Smart Textile Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Smart Textile Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Smart Textile Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Smart Textile Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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