Global Smart Textile Market is estimated to be growing at a CAGR of 23.2% from 2023 to 2030

Global Smart Textile Market Analysis (2023 - 2030)

As per our research report, the Global Smart Textile Market is estimated to be growing at a CAGR of 23.2% during the forecast period 2023-2030.

The outbreak of the COVID-19 pandemic substantially impacted the global smart textile market. The pandemic caused disruptions in supply chains and distribution of goods and services, which highly affected the production and distribution of smart textiles. Moreover, the demand for smart textiles decreased owing to reduced operations of businesses in several industries. These factors negatively impacted the growth of the global smart textile market. Despite these challenges, the global smart textile market is projected to recover and grow in the coming years.

The increasing demand for smart wearable devices is fueling the growth of the global smart textile market. Smart wearable devices are comprised of microprocessors that are embedded into garments, and accessories, and even implanted beneath the skin to facilitate the transfer of data across the internet. Examples of such devices include smart jackets, glasses, shirts, jewelry, watches, and more. The demand for wearable technology is rapidly increasing primarily because these devices provide instant access to key data regarding their user's physical health and well-being. They are also forecasted to be the future of transportable energy sources, high-class sportswear, health surveillance systems, protective clothing, and military camouflage. Therefore, this factor drives the demand for smart textiles. In addition, the growing utilization of smart textiles in the automotive industry is another factor contributing to the growth of the global smart textile market. Smart textiles offer numerous applications in the automotive industry, ranging from self-cleaning fabrics to monitoring body functions and enhancing safety measures such as occupant sensing and airbag deployment. By integrating these advanced textiles into vehicles, they contribute to improved comfort, safety, and overall driving experience. As the automotive industry prioritizes safety regulations and passenger comfort, the utilization of smart textiles becomes highly valuable. These textiles provide functionalities like impact sensing, moisture-wicking, temperature regulation, and pressure distribution, which align with the industry's requirements. Therefore, this factor also drives the demand for smart textiles. 

The global smart textile market is encountering challenges, primarily in terms of the high cost of production and lack of standards and regulations. The production of smart textiles is a challenging endeavor, requiring specialized and expensive materials that make the process of striking a balance between production costs and a desirable price point for the finished product incredibly difficult. Besides, the hazards of textile manufacturing reach far beyond just a financial burden as the production of such fabrics also impacts the environment and human health negatively. The various tasks that come with textile making, such as de-sizing, bleaching, dyeing, neutralizing, scouring, mercerizing, printing, and finishing, can contribute to the emission of toxic materials, thus polluting soil, air, surface, and even water. To keep the industry sustainable, environmental guidelines and regulations must be established to prevent such pollution. Thus, these challenges inhibit the growth of the global smart textile market. 

Key Market Insights:

• In 2022, the active/ultra-smart textile segment held the highest market share. The growth can be attributed to the advanced features and capabilities and versatility that active/ultra-smart textiles offer. Active/ultra-smart textiles go beyond just the classic textile material, by containing hidden electronic components, such as sensors and actuators that can detect and respond to changes in their environment. As a result, these sophisticated fabrics are used to create specialized clothing for various professionals, such as firefighters, athletes, and military personnel, including bulletproof jackets. Not only do these enhanced garments provide better protection from external conditions, but they can also provide improved comfort and functionality through their ability to react to their surroundings.
• In 2022, the sensing segment held the highest market share. The growth can be attributed to the diverse applications of smart textiles in industries like medical, sports, military, and aerospace. These industries already use sensing and monitoring technologies, but integrating these capabilities into textiles can significantly enhance their efficiency. By incorporating sensing and monitoring functions into textiles, these sectors can experience improved efficiency, accuracy, and convenience in their specific applications.
• In 2022, the military and protection segment held the highest market share. The growth can be attributed to the increasing demand for smart textiles tailored for military applications, as these textiles offer a wide array of capabilities. These textiles possess improved insulation properties and provide ballistic protection, usually constructed with waterproof fabric. Furthermore, certain smart textiles utilized in military settings come equipped with advanced functionalities like health monitoring, GPS systems, sensors, and motion trackers.
• Based on the region, the global smart textile market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. In 2022, the region of North America held the largest market share. The popularity of fitness and sports industries, the utilization of smartphones with Bluetooth Low Energy (BLE) for connecting sensors to the internet, the technological advancements and improvements, the rising demand from the healthcare industry, and the presence of a highly developed automotive industry that utilizes smart fabrics in various applications have contributed to the skyrocketing growth in this region.
• DuPont de Nemours, Inc., Jabil Inc., Alphabet Inc., AiQ Smart Clothing Inc., Sensoria, Gentherm Incorporated, Interactive Wear, Outlast Technologies, Adidas AG, and Hexoskin are among the major players in the global smart textile market. The smart textile market is estimated to become more competitive as new players enter the industry. Due to their innovation and new product development in the smart textile market, DuPont de Nemours, Inc., Jabil Inc., and Alphabet Inc. currently dominate the market.

MARKET SEGMENTATION:

By Type:

• Active/Ultra-Smart Textiles
• Passive Smart Textiles

By Function:

• Energy Harvesting
• Luminescence & Aesthetics
• Sensing
• Thermoelectricity
• Others

By Industry Vertical:

• Automotive
• Fashion & Entertainment
• Healthcare
• Military & Protection
• Sports & Fitness
• Others

By Region:

• North America 
• Europe 
• Asia Pacific
• South America
• Middle East & Africa

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