Smart Textiles Market

Smart Textiles Market worth $6.6 billion by 2026

According to the new market research report "Smart Textiles Market with COVID-19 impact analysis by Type (Passive, Active/Ultra-smart), Function (Sensing, Energy Harvesting & Thermo-electricity, Luminescence & Aesthetics), Vertical, & Geography - Global Forecast to 2026"",the smart textiles market is expected to grow from USD 2.3 billion in 2021 to USD 6.6 billion by 2026; it is expected to grow at a CAGR of 23.2% during the forecast period. The major driving factors for the growth of the smart textiles market include implementation of advanced technologies in smart textiles, miniaturization of electronic components, and expanding wearable industry among others.

Browse 118 market data Tables and 55 Figures spread through 177 Pages and in-depth TOC on "Smart Textiles Market - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/smart-textiles-market-13764132.html

The sudden outbreak of the COVID-19 pandemic has impacted the demand for smart textiles, especially in 2020 and 2021. The pandemic has forced companies to adopt remote working practices. The imposition of lockdown in almost all the major countries to curb the spread of COVID-19 has disrupted the supply chain and halted manufacturing activities, resulting in delayed production. However, as a large share of the global population is working from home and preferring to perform fitness activities indoors attributed to social distancing guidelines, the demand for sports and fitness apparel/accessories integrated with smart applications and sensors that can monitor heart rate and oxygen level has increased, which is expected to boost the growth of the smart textiles market. Besides, hospitals in some countries, e.g., the US, are using smart textiles in various forms, such as heated blankets and socks, during the pandemic crisis.

Passive smart textile to have a significant market in military and protection vertical during the forecast period

Passive smart textiles are the first generation of smart textiles, which can only sense environmental conditions or stimuli but cannot adjust according to external changes. Optical fiber-embedded fabrics and conductive fabrics are the types of passive smart textiles. UV protective clothing, antibacterial fabric textiles, multilayer composite fibers and textiles, plasma-treated fabrics, ceramic-coated fabrics, conductive fibers, and fabrics with optical sensors are some of the examples of passive smart textiles. They are majorly used in the military and protection vertical due to their ruggedness. DuPont (US), which provides fibers, industrial fabrics, and covers used in the medical, military, and aerospace verticals, and Outlast Technologies (US), which provides acrylic, viscose, and polyester fabrics used in bedding, apparel, and footwear applications, are some of the major companies offering passive smart textiles.

Sensing function accounts for largest market share for smart textiles market during the forecast period

Smart textiles are materials that sense and react to environmental conditions or stimuli, which is generated through mechanical, thermal, chemical, electrical, magnetic, or any other sources. They can sense body heat, heart rate, respiration rate, and motion & speed through various sensors. Apparels such as gloves, shirts, and pants made using smart textiles can sense different health parameters of a wearer. Advanced smart fabric sensors virtually track every psychological aspect, including bending, location, movement, and pressure. Thus, sensing is one of the major functions for which smart textiles are being used.

Sports and fitness vertical to have highest CAGR during the forecast period.

The sports and fitness segment is expected to register the highest CAGR during the forecast period. One of the key factors driving the growth of this segment is the growing awareness regarding health and fitness among the general population. Besides, the growing prevalence of heart-related diseases and diabetes is consequently expected to drive the growth of the smart textiles market for the sports and fitness vertical.

North America accounts for the largest share of the smart textiles market during the forecast period

North America accounted for the largest share of the smart textiles market due to several factors. One of the most important factors is technological innovations and advancements, which led to the introduction of new products. The increasing demand for smart textiles from the consumer electronics and medical industries has led to the growth of the smart textiles market in North America.

The report profiles key players in the smart textiles market and analyzes their market shares. Players profiled in this report are DuPont (US), Alphabet (US), Jabil (US), AIQ Smart Clothing (Taiwan), Sensoria (US), Gentherm (US), Interactive Wear (Germany), Outlast Technologies (US), Adidas (Germany), Hexoskin (Canada), TenCate (Netherlands), Clim8 (France), Nike (US), Sensing Tex (Spain), Thermosoft International (US), Milliken & Company (US), Applycon (US), Peratech (UK), CHARNAUD (South Africa), Footfalls & Heartbeats (UK), Volt Smart Yarns (US), Samsung(South Korea), Ambiotex (Germany), Microsoft (US) and LifeSense Group (Netherlands).

Don’t miss out on business opportunities in Smart Textiles Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
SE 3624
PR Published ON
10/4/2021
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Smart Textiles Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2021 MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home