Surging Demand for Smart Wearable’s to Drive the Smart Textile Market Growth

Wed, 13 May 2020 11:26

Smart textile materials are embedded with smart fibers and yarns, using sensors, processors, and nanotechnologies. These textiles provide value-added functionality and are equipped with mechanical, thermal, optical, or electromagnetic properties. The smart textile market’s most prominent drivers are the increasing demand for smart wearable’s, advancement in miniaturization of modern electronics, and increasing spending power. Additionally, the advent of the nanotechnology and RFID technology in the smart textile provides an impetus to the market growth.

Impact of COVID-19

The coronavirus outbreak has severely impacted the global textile industry. The lockdown imposed by the government to control the spread of the virus has disrupted the supply chain and adversely impacted the import and export of textile products to domestic and international markets, resulting in the cancellation and deferral of orders. The manufacturers are planning to dump the inventories in the domestic market, reducing the overall profit margin. Additionally, the outbreak has created a temporary closure of factories and lay-offs of the employees, further hampering the market growth.

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Key Players

  • AIQ Smart Clothing Inc.
  • Koninklijke Ten Cate bv
  • Texas Instruments Incorporated
  • SchoellerTextil AG
  • Clothing Plus Ltd.
  • Du Pont De Nemours, Inc.
  • Gentherm Incorporated
  • Google Inc.
  • Textronics Design System Pvt.ltd
  • Interactive Wear AG
  • Outlast Technologies LLC
  • Sensoria, Inc.
  • ThermoSoft International Corporation
  • Nike, Inc.
  • Wearable Technologies Ltd
  • Peratech Holdco Limited

Smart Textile Market Segmentation

By Type

  • Passive textiles
  • Active textiles
  • Ultra smart textiles

By Function

  • Sensing
  • Energy harvesting
  • Luminescence & aesthetics
  • Thermo-electricity

By End-User

  • Healthcare
  • Military & defense
  • Sports & fitness
  • Fashion and entertainment
  • Automotive
  • Architecture

By Region

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • France
  • The U.K.
  • Italy
  • The Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Indonesia
  • Singapore
  • Pakistan
  • The Rest of Asia-Pacific

Central and South America and the Caribbean

  • Brazil
  • Argentina
  • Colombia
  • The Rest of Central and South America and the Caribbean

The Middle East

  • Saudi Arabia
  • The UAE
  • Oman
  • Bahrain
  • Turkey
  • The Rest of the Middle East

Africa

  • Nigeria
  • South Africa
  • The Rest of Africa

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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