Global Smart Textiles Market was valued at USD 2.50 billion in 2021 and is expected to reach USD 22.18 billion by 2029, registering a CAGR of 31.37% during the forecast period of 2022-2029. Sports and Fitness accounts for the largest end users segment in the respective market owing to the high use in sophisticated electronics devices including fitness watches and belts. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Analysis and Size
Smart textiles and interactive fabrics have gained immense popularity for personal health management due to the integration of energy sources, sensors/ actuators, and communication utilized for personal applications such as protection/safety, healthcare and emergency.
A textile is defined as an object which is made by weaving of threads or yarns into a fabric originally made of natural animal or plant-based fibers.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 more 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.
Smart Textiles Market Analysis and Insights
Increase in Broadband Enabled Devices
The increase in the adoption of the semiconductors for the broadband enabled devices and broadband applications acts as one of the major factors driving the smart textiles market. The surge in demand for the consumer electronics devices along with the expansion of wearable electronics industry drives the market further.
The continuous technological advancements in the smart textiles along with lower power consumption accelerate the market growth. The surge in the popularity of the technology owing to its characteristics such as added convenience, increased productivity, and better reliability and quality positively impact the market.
Furthermore, development of flexible electronics and emergence of hybrid application and multi-featured mobile devices extend profitable opportunities to the market players in the forecast period of 2022 to 2029. The rise in applications of product in the wearables will further expand the market.
On the other hand, high production cost owing to requirement of high-end materials and lack of standards and regulations are expected to obstruct market growth. Also, the rise in concerns associated with thermal consideration and product protection and technical difficulties associated with integration of electronics and textiles are projected to challenge the smart textiles market in the forecast period of 2022-2029.
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.
Global Smart Textiles Market Scope and Market Size
The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Luminescence and Aesthetics
Military and Protection
Sports and Fitness
Fashion and Entertainment
Smart Textiles Market Regional Analysis/Insights
The countries covered in the smart textiles market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the high prevalence of chronic diseases, such as diabetes, and the emergence of new innovative products in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as 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
Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, 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.
Some of the major players operating in the smart textiles market are
AiQ Smart Clothing (Taiwan)
Clothing Plus Ltd. (UK)
Interactive Wear (Germany)
schoeller Switzerland (Switzerland)
Company Check Ltd (UK)
International Fashion Machines (US)
Vista Medical (US)
Nike, Inc (US)
Wearable Technologies Limited (UK)
Thermosoft International Corporation (US)
Fibretronics Sales (Pty) Ltd (South Africa)
Peratech Holdco Limited (UK)
APEX MILLS (US)
H.B. Fuller Company (US)
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