Who are the key vendors in the Global Smart Textile Market?

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. '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.'.

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

Q: What is the global market size of Smart Textile Market?

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).

Report ID: SQMIG20B2064 | Region: Global | Published Date: March, 2024
Pages: 179 | Tables: 89 | Figures: 71

Smart Textile Market News

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 Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

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.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Smart Textile Market News

Smart Textile Market Report Snapshots

Want to customize this report?

FAQs

What is the market size of Smart Textile Market?

Who are the key vendors in the Smart Textile Market?

What is the key driver of Smart Textile Market?

What is the key market trend for Smart Textile Market?

Which region accounted for the largest share in Smart Textile Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300