Home Advanced Materials Smart Textile Market Size, Share, Growth and Forecast to 2031

Smart Textile Market

Smart Textile Market Size, Share & Trends Analysis Report 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) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2023-2031

Report Code: SRAM791DR
Study Period 2019-2031 CAGR 22.80%
Historical Period 2019-2021 Forecast Period 2023-2031
Base Year 2022 Base Year Market Size USD 2.82 Billion
Forecast Year 2031 Forecast Year Market Size USD 17.94 Billion
Largest Market North America Fastest Growing Market Asia-Pacific
The sample report only takes 30 secs to download, no need to wait longer.

Market Overview

The global smart textile market size was valued at USD 2.82 billion in 2022. It is projected to reach USD 17.94 billion by 2031, growing at a CAGR of 22.80% during the forecast period (2023–2031).

Advancement in smart textile material has significantly revolutionized the textile industry, enabling them to penetrate the field of high-tech applications and cover markets beyond the scope of the traditional textile industry. Smart textiles are fabrics integrated with computing power that provides additional functionalities, such as monitoring, communication, and stimulation. The growth of the wearable electronics market, debouching trends of miniaturization in modern electronics, and increasing demand for smart devices drive the market growth. Additionally, the advent of nanotechnology, RFID, and sensor technology in textile provide an impetus to the market growth. However, the high cost associated with these textiles might hinder the market growth.

Market Dynamics

The concept of smart textiles was introduced in the late 1980s; however, it has been gaining popularity in the last two decades due to technological advancement in the field of electronics. Several governmental organizations and leaders in the fashion industries such as European space agency (ESA), European Union (EU), the National Aeronautics and Space Administration (NASA), Adidas, and Nike are heavily investing in R&D activities in smart textile. Additionally, the prominent players in the market are stimulating interdisciplinary R&D activities to unleash the potential of these textiles and expand their business reach in the untapped markets to gain a competitive edge. Some of the leading research projects on the smart textiles by the European Union are as follows.

Regional Analysis

Rising Awareness Regarding Health and Fitness to Drive North America’s Smart Textile Market

North America dominated the smart textile market in 2019 and will continue the same during the forecast period. Increasing government spending in the military and defense sectors and high spending power drive the regional market growth. Moreover, obesity is one of the leading health issues faced by a huge population across the region. Thus, customers are inclining towards a fit and healthy lifestyle, buying products that will help them to stay fit and active. In line with this, the market players are channelizing efforts to offer advanced products at competitive prices to sustain in the competition. Increasing government investments in R&D activities, especially across the healthcare sector drive market growth. As per the World Bank Group, in 2017, the regional governments invested about 2.78% of their GDP in R&D activities.

Increasing Spending Power and Rapid Industrialization to Drive Asia-Pacific’s Smart Textile Market

Asia-Pacific is projected to witness the fastest growth in the smart textiles market on account of rapid industrialization and urbanization, increasing investments in ICT, rapidly rising population, and growing awareness regarding health and fitness. Additionally, burgeoning spending power is subsequently increasing the demand for smart wearables and clothing. For instance, as per the Indian Brand Equity Foundation, during July-September 2019, India’s smartphone shipment witnessed a year-on-year growth of 9.3%, with about 46.6 million units shipped across the globe. Also, China, India, and Japan are the frontrunners of the regional smart textile market.

Report Scope

Report Metric Details
Segmentations
By Type
  1. Passive textiles
  2. Active textiles
  3. Ultra smart textiles
By Function
  1. Sensing
  2. Energy harvesting
  3. Luminescence & aesthetics
  4. Thermo-electricity
By End-User
  1. Healthcare
  2. Military & defense
  3. Sports & fitness
  4. Fashion and entertainment
  5. Automotive
  6. Architecture
Company Profiles 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
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Segmental Analysis

Increasing Spending Power to Drive the Passive Textile Segment

The passive textile segment is projected to grow at a significant CAGR during the forecast period. They are the first generation of smart textiles, embedded with the sensor that can sense the stimuli and environmental conditions, which include cooling fabrics, UV protective fabrics, and anti-microbial fabrics. The passive textiles are largely used in outdoor apparel and medical wearables. Increasing spending power, the rising standard of living, and surging awareness regarding health and fitness drive the segment growth.

Rising Demand of Active Textile across Healthcare and Automotive Industries to Drive the Segment Growth

The active textile segment held the second-largest share in the smart textile market in 2019. These textiles have the potential to sense and respond to external stimuli and conditions. Active textiles are embedded with an actuator function that responds to the stimuli obtained by the sensor and extensively used across the healthcare and automotive industries for heating and seat sensing applications. However, the prices of these textiles are relatively high compared to the passive textile, which might hamper the market growth.

The advent of Nanotechnology and RFID Technology to Drive the Smart Textile Market Growth

The advent of nanotechnology and RFID technology offers lucrative growth opportunities to the players in the smart textile markets to expand their product portfolio. The RFID tags and sensors are largely used in shirts, reinforced textile with nanomaterials, power generating shirts, and intelligent band-aids, further driving the market growth. Similarly, the Bluetooth low energy (BLE) technology aids in building wireless connections across various electronic devices, allowing them to send monitored information of the body to the smart devices.

Market Size By Type

Top 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 Others

Frequently Asked Questions (FAQs)

What is the estimated growth rate (CAGR) of the Smart Textile Market?
The globalSmart Textile Market growing at a CAGR of 22.80% from (2020–2029).
Some of the top prominent players in Smart Textile Market are, 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, etc.
North America has been dominating the Smart Textile Market, accounting for the largest share of the market.
The global Smart Textile Market report is segmented as follows: By Type, By Function, By End-User


We are featured on :

This website uses cookies to ensure you get the best experience on our website. Privacy Policy