Smart Textiles Market Size, Growth, Share, Trends and Forecast 2020-2025

Press Release:

Global Smart Textiles Market to Reach US$ 9.3 Billion by 2025, Spurred by Miniaturization of Electronic Components

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Smart Textiles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The global smart textiles market reached a value of US$ 3.4 Billion in 2019. Smart textiles, or e-textiles, refer to the fabrics that are embedded with conductive threads and electronic components. There are two kinds of smart textiles, namely passive and active smart textiles. They can sense or detect the environmental changes and automatically respond to the mechanical, thermal and chemical manipulations. These textiles can also communicate with other devices, conduct energy and modify the physical properties of other materials and textiles to protect the wearer from environmental hazards. Certain textile variants are used for design and fashion purposes while some are used to facilitate human functioning. Owing to these benefits, they find extensive applications across various industries, including military, healthcare, transportation, entertainment and sports and fitness.

The emerging trend of miniaturization of electronics, along with the increasing integration of smart textiles with wearable devices, is one of the key factors driving the growth of the market. In the healthcare and sports sectors, smart textiles are increasingly being used to monitor muscle vibrations, regulate body temperatures and provide protection from various hazards. Furthermore, several innovations in the electronics sector have facilitated the integration of smart textiles with compact electronic components, such as sensors, batteries and control consoles, in wearable and electronic devices. Additionally, increasing product adoption in the defense sector is acting as another growth-inducing factor. For instance, smart textiles are combined with defense equipment for health monitoring, wired and wireless communications, superior mobility, sensing of heat and cold stresses and camouflage. This, along with technological advancements and extensive research and development (R&D) activities, is projected to drive the market further. Looking forward, IMARC Group expects the global smart textiles market to exhibit moderate growth during 2020-2025.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global smart textiles market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, type, functionality and end-use sector.

Breakup by Type:

Passive Smart Textile
Active Smart Textile

Breakup by Functionality:

Sensing
Energy Harvesting
Luminescence and Aesthetics
Thermoelectricity
Others

Breakup by End-Use Sector:

Military and Protection
Healthcare
Sports and Fitness
Fashion and Entertainment
Transportation
Architecture
Others

Breakup by Region:

North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Adidas AG, AiQ Smart Clothing Inc., Clothing+, Dupont De Nemours Inc., Gentherm Incorporated, Google LLC, Interactive Wear AG, Ohmatex A/S, Schoeller Textil AG, Sensoria Inc., Texas Instruments Incorporated, Textronics, Vista Medical Ltd., etc.

Key Questions Answered in This Report:

How has the global smart textiles market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global smart textiles market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the functionality?
What is the breakup of the market based on the end-use sector?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global smart textiles market and who are the key players?
What is the degree of competition in the industry?