Global Smart Textile Market

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 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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FAQs

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 competitive environment of the 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 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, presence, manufacturing regions and locations of production, manufacturing capacity, company strengths and weaknesses, product launches, product expansion and expansion, application authority. '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.'

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.

The growing demand for smart clothing in the celebrated electronics is driving the 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.

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.

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Global Smart Textile Market

Report ID: SQMIG20B2064

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