Global Smart Textiles Market, By Product (Passive Smart, Active Smart, Ultra-Smart), Function (Sensing, Energy Harvesting, Luminescence & Aesthetics, Thermo-Electricity, Others), End Users (Military and Protection, Architecture, Healthcare, Sports and Fitness, Fashion and Entertainment, Automotive, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The smart textiles market is expected to witness market growth at a rate of 31.17% in the forecast period of 2021 to 2028. Data Bridge Market Research report on smart textiles market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in demand for sophisticated gadgets with advanced functions is escalating the growth of smart textiles market.
A textile is defined as an object which is made by weaving of threads or yarns into a fabric originally made of natural animal or plant based fibers. With the rise in technological advancement, these started being manufactured in laboratories resulting in stronger and versatile output products. Now, thin fibers run through your smartphone and relay data can be woven into cloth textiles due to the digital communications. Smart textiles refer to cloth which consists of modern computer-based technology woven into it.
The rise in the penetration of advanced technology, smart devices and smartphones and the extensive use of bluetooth low energy (BLE) technology in the new laptops and smartphones acts as the major factors for driving the smart textiles market. The high consumption of smart textiles to communicate information of the wearer including physiological parameters consisting of blood pressure, location, heart rate and temperature which is further utilized in the health and sports sectors accelerate the smart textiles market growth. The initiatives by manufacturers to reduce form factors in order to facilitate integration which makes sensors compatible with fabric ensuring optimum comfort and wearability and adoption of miniaturized electronics also influence the smart textiles market. The increase in use of product by late-stage dementia patients because it assists them in refreshing their sense of self, growing wireless technology and high usage of internet globally boosts the smart textiles market growth. Additionally, the increase in demand from the sports and fitness sectors, growing awareness regarding healthy lifestyle and expansion of fashion and entertainment industries across the globe positively affect the smart textiles market. Furthermore, the emergence of hybrid application and multi-featured mobile devices, advancement in technologies and rise in applications of product in the wearables extend profitable opportunities to the smart textiles market players in the forecast period of 2021 to 2028.
On the other hand, the high production cost owning to requirement of high-end materials and lack of standards and regulations are factors expected to obstruct the smart textiles market growth. Rise in concerns associated with the thermal consideration and product protection are projected to challenge the smart textiles market in the forecast period of 2021 to 2028.
This smart textiles market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on smart textiles market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Smart Textiles Market Scope and Market Size
The smart textiles market is segmented on the basis of product, function and end users. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the smart textiles market is segmented into passive smart, active smart and ultra-smart.
- On the basis of function, the smart textiles market is segmented into sensing, energy harvesting, luminescence & aesthetics, thermo-electricity and others.
- On the basis of fend users, the smart textiles market is segmented into military and protection, architecture, healthcare, sports and fitness, fashion and entertainment, automotive and others.
Global Smart Textiles Market Country Level Analysis
The smart textiles market is analyzed and market size, volume information is provided by country, product, function and end users as referenced above.
The countries covered in the smart textiles market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North-America dominates the smart textiles market due to the rise in demand for the product from the consumer electronics and medical sectors, technological advancements, high prevalence of chronic diseases among population such as diabetes and emergence of new innovative products in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Smart Textiles Market Share Analysis
The smart textiles market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to smart textiles market.
The major players covered in the smart textiles market report are AiQ Smart Clothing, Clothing Plus Ltd., DuPont, Google, GENTHERM, Interactive Wear, schoeller Switzerland, Sensoria, Textronics, Company Check Ltd, International Fashion Machines, Vista Medical, Nike, Inc, O'NEILL, Wearable Technologies Limited, Thermosoft International Corporation, Fibretronics Sales (Pty) Ltd, Peratech Holdco Limited, Bonfiglioli, APEX MILLS, H.B. Fuller Company among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Smart Textiles Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.