Smart Textiles Market by Type (Passive Smart, Active Smart, and Ultra Smart), End-Use Industry (Fashion & Entertainment, Medical, Defense & Military, Automotive, and Sports) - Analysis & Forecast 2019-2030
Report ID : 208 | Published Date : Jun 2020 | Pages : 160 | Region : Global | Report Code : ICT-16
Smart Textiles Market Introduction and Overview
Smart textiles, also known as electronic textiles, smart garments, smart wear, and high-tech clothing, among others, are clothing items that are made using different technologies. They can perform multiple functions such as sensing pressure, temperature, moisture, and others. For instance,
- Sensoria Inc. has developed smart socks which can measure pressure and send the collected data to a smartphone
- AiQ Smart Clothing has developed an upper-body garment solution, which can monitor the heart rate
Many textile-based companies and technology providers have been collaborating to manufacture smart textiles that will serve different applications. For instance, Google teamed up with LEVI STRAUSS & CO. to manufacture smart jackets.
Advancements in wireless technology & nano technology, and growing fashion & entertainment industry are the major factors driving market growth. Uptrends in the wearable electronics industry, and new product launches is further complementing market growth. Moreover, increasing investments by key players and new agreements between textiles companies & technology providers is creating new growth opportunities in the market.
However, the high costs associated with smart clothing, high complexity involved in the integration of electronics and textiles, fluctuations in raw material prices, and power supply issues are the factors restraining the operating market.
The global smart textile market can be segmented into type, end-use industry, and regions.
Smart Textile Market By Type
Based on type, the global smart textile market can be segmented into passive smart, active smart, and ultra-smart. The ultra-smart segment is likely to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing adoption of smart fabrics in fashion & entertainment industry. Also, it serves various medical applications including patient monitoring.
Smart Textile Market By End-Use Industry
Based on end-use industry, market can be segmented into fashion & entertainment, medical, defense & military, automotive, sports, and others. The defense & military segment accounted for the largest market share in 2019 and expected to continue its dominance for a few years. Many regional governments across the world are focusing on enhancing the uniforms of soldiers through the use of smart fabrics, which will help them during combat operations. Also, smart textiles assist in performing multiple tasks using a minimum number of devices.
Smart Textile Market By Region
Based on region, the global smart textile market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). North America is dominating the market and is expected to continue its dominance for a few years followed by Europe. However, the Asia Pacific region is expected to grow at the highest CAGR during the forecast years due to presence of major manufacturing hubs in China, India, Japan, and South Korea, among others in conjunction with low labor costs.
Smart Textile Market Prominent Players
Some of the prominent players in the connected smart street light market include Google, AiQ Smart Clothing, Interactive Wear AG, Schoeller Textil AG, Sensoria Inc, OTEX Specialty Narrow Fabrics, Noble Biomaterials, Inc., Ohmatex A/S, Bally Ribbon Mills, Noble Biomaterials, Inc. and WearTech Therapeutics, Inc., among others.