According to the latest report by IMARC Group, titled "Smart Textiles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global smart textiles market size reached US$ 3.4 Billion in 2019. Smart textiles refer to materials that are embedded with conductive threads, electronic components and advanced technologies. Some of the most common components used in the production of these textiles include lights, batteries, sensors, light-emitting diodes (LEDs) and hands-free computing devices. They can sense various mechanical, chemical, electrical or magnetic stimuli and then respond by adapting to the changes while maintaining their fundamental properties. Also known as e-textiles, they aid in reducing wind resistance, regulating the body temperature, adjusting the breathability of the fabric and controlling muscle vibration in accordance with the environmental changes. Consequently, they are extensively utilized across numerous industrial verticals, including military, healthcare, transportation, entertainment, and sports and fitness.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Smart Textiles Market Trends:
The global market is primarily driven by the miniaturization of electronic components, including batteries and sensors. This has resulted in the seamless integration of electronics with fabrics that offer enhanced comfort to the users. This, along with the growing adoption of conductive yarns, is anticipated to facilitate the uptake of smart textiles. Furthermore, manufacturers are now equipping these textiles with nanotechnology for the production of intelligent fabrics, which can then be utilized to enhance the basic properties of the textiles, including flame retardation. This has consequently increased their demand in the defense and military sector, which is further contributing to the market growth. The rising need for e-textile patches in the medical sector to monitor heart rate, pulse rate and blood pressure of patients is acting as another major growth-inducing factor. Moreover, several companies are investing in the development of innovative product variants, which are expected to gain prominence among users. For instance, CuteCircuit, a London-based wearable-technology fashion brand, has launched the world’s first wearable, sharable and programmable T-shirt that allows users to change the appearance and design of the garment according to their choices, using their mobile app as a controller. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 9.3 Billion by 2025, exhibiting a CAGR of 18% during 2020-2025.
- On the basis of the type, the market has been bifurcated into passive and active smart textiles.
- Based on the functionality, the market has been divided into sensing, energy harvesting, luminescence and aesthetics, thermoelectricity, and others.
- On the basis of the end use sector, the market has been classified into military and protection, healthcare, sports and fitness, fashion and entertainment, transportation, architecture, and others.
- On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Adidas AG, AiQ Smart Clothing Inc., Clothing+, Dupont De Nemours Inc., Gentherm Inc., Google LLC, Interactive Wear AG, Ohmatex A/S, SCHOELLER TEXTIL AG, Sensoria Inc., Texas Instruments Incorporated, Textronics Design System Pvt.ltd, and Vista Medical Ltd.
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