What are the Historical Developments and Current Growth Metrics of the Smart Textiles Market?
The smart textiles market has seen considerable growth due to a variety of factors.
• The market size of smart textiles has witnessed astounding expansion in the recent past. From 2024 to 2025, it will expand from $5.78 billion to $7.52 billion, with a compound annual growth rate (CAGR) of 30.2%.
Factors contributing to the growth during the historical period include robust economic expansion in developing markets, enhanced internet accessibility, the rising millennial demographic, an environment of low interest rates, and growing urbanization.
What Is the Forecasted Market Size and Growth Rate for The Smart Textiles Market?
The smart textiles market is expected to maintain its strong growth trajectory in upcoming years.
• The industry size of smart textiles is predicted to exponentially increase in the coming years, reaching $20.76 billion by 2029, at a compound annual growth rate of 28.9%.
The expansion during the forecast period is due to factors like the rise in e-commerce, growing demand for sportswear, expansion of 5G network usage, increasing population, and the advancement of the Internet of Things (IoT). Key trends for this period are anticipated to be the focus on smart fabric technology, the introduction of wearable tele-rehabilitation platforms, strides in tech development, digital product testing, product launches, and groundbreaking smart garments.
What Main Forces Are Fueling Expansion In The Smart Textiles Market?
The smart textiles market's expansion is anticipated to be fueled by a rising demand for intelligent wearable devices. Smart wearable gadgets are electronic equipment with built-in microprocessors that are incorporated into clothing, worn as accessories, or implanted in the body to transmit and receive data through the internet. These gadgets include smart jackets, smart glasses, smart shirts, smart jewelry, smart watches, and more. Due to the real-time insights on user’s health they provide, they are becoming increasingly in demand. They are also seen as the future of energy systems, advanced sports gear, health monitoring systems, work clothes, and military disguises. For example, Cisco Systems, an American networking hardware firm, forecasts that the total number of connected wearables will increase to 1,105 million by 2022, a significant increase from 593 million in 2021. As a result, the exploding demand for smart wearable devices is contributing to the growth of the smart textiles market.
What Key Areas Define The Segmentation Of The Global Smart Textiles Market?
The smart textiles market covered in this report is segmented –
1) By Type: Passive, Active and Ultra-smart
2) By Function: Energy Harvesting, Sensing, Thermoelectricity, Luminescent and Other Functions
3) By End Users: Fashion and Entertainment, Sports and Fitness, Medical, Automotive, Protection and Military, Architecture and Other End Users
Subsegments:
1) By Passive: Fabrics with embedded sensors for monitoring, Moisture-wicking fabrics, UV protection textiles
2) By Active: Heating textiles, Textiles that change color or shape based on stimuli, Wearable technology with integrated electronics
3) By Ultra: Textiles with advanced functionalities, Fabrics that can communicate with other devices, Self-adaptive textiles that adjust properties based on environmental conditions
Pre-Book The Smart Textiles Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are Emerging Trends Reshaping The Dynamics Of The Smart Textiles Market?
Leading firms in the smart textiles market are concentrating on inventing innovative products and adopting new technologies like blockchain to improve the transparency, traceability, and security of their supply chains. This ensures the genuineness of materials used and enhances the sustainability of textile manufacture. Blockchain technology is a decentralized digital record system used to securely document transactions over multiple computers, enhancing their immutability and transparency. For instance, in March 2023, a Swiss textile manufacturer introduced Re-Source, a product made from a mix of bio-based materials, recycled polyester, and spandex. This unique method not only reuses old materials but also helps to minimize waste in the textile industry.
Who Are the Key Players in the Smart Textiles Market?
Major companies operating in the smart textiles market include:
• Koninklijke Ten Cate NV
• Schoeller Textil AG
• Eeonyx Corporation
• Tex-Ray Industrial Co. Ltd
• AiQ Smart Clothing Inc
• Sensoria Inc
• Noble Biomaterials
• Interactive Wear AG
• Mitsufuji Corporation
• Xenoma Inc
• Welspun India Ltd
• Teijin Frontier Co. Ltd.
• GPOWERTECH CO. LTD
• Nextiles
• Fibrofill inc.
• Adidas AG
• Clothing+
• Ohmatex A/S
• Siren
• Centre for Process Innovation Limited (CPI)
• Hi-Tec Sports
• Vaxess Technologies
• FPC Industry
• Nanowear
• Express Embroidery
• Stedfast Inc
• Tricot Carol Inc
• Lomar
• Gulf Denim
• Naseej Textile
• Ultra Design Studios
• Texel Inc.
• Smart textiles LLC
What Is The Most Dominant Region In The Smart Textiles Market?
North America was the largest region in the smart textiles market in 2024. The regions covered in the smart textiles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
