The global Smart Textile Market has been evaluated to have earned a market revenue of $1.7 billion in 2018 and anticipated to grow at a CAGR of 32.57% during the forecast period 2019-2025, as per the research report by IndustryARC. The technological advancements in textile industries is the key reason for the elevated sales of smart textiles. Technological advancements such as miniaturization of electronic components, development of nanotechnology, availability of wireless devices, and feasible integration of fabric-based sensors are propelling the growth of smart textile market. Furthermore, wide range of applications of smart textiles in various end-user industries and low cost of electronics such as wireless sensors, that are being used in smart textiles, are fuelling the growth of smart textile market.

The IndustryARC report titled “Smart Textile Market: By Type (Thermoelectric, Sensing, Energy Harvesting, Luminescent and Others); By Application (Fashion, Military, Medical, Sports and Fitness, Automotive and Others) – Forecast (2018 - 2023)” provides a thorough analysis of the notable aspects of the market including market drivers, market value chain, restraints, growth indicators, market trends, challenges, future outlook, and market insights.


Smart Textile Market: Leading Segments

North America held the prominent share in the global smart textile market with 44.3% of the total demand in 2018. The high economic status and standard of living in North America is gravitating the people towards preferring innovative fashion trends, sophisticated wearable, and smart fabrics. Additionally, increasing R&D activities for the development of innovative smart textiles, high funding from government organizations, and rising disposable income are the factors facilitating North America with highest market share.

 Photovoltaics/electricity is the key application segment of the smart textile market, cited in the report. Photovoltaic elements are the prominent aspects of the smart textiles, which can generate electrical energy to power the sensors that are impregnated into fabrics. The photovoltaic textiles can be used for on-the-go charging of smartphones, tablets, and other portable electronic devices. Owing to the aforementioned features the smart textile market is gaining traction. Thus, the key application segment is anticipated to grow at an outstanding CAGR of 42.7% through to 2025.

Smart Textile Market Disruptive Trends

  • Integration of nanotechnology and smart textiles is one of the factors disrupting the growth of smart textile market. Nanotechnology is facilitating the miniaturization of electronic components and in-turn helps in assimilation of electronics such as sensors, actuators, and control units in fabrics.
  • Penetration of Bluetooth Low Energy (BLE) technology in smart textile industry is on rise. This technology provide wireless connectivity of wearable with mobile phones, and senses and displays using internet connection.
  • Smart textiles are made easy by the utilisation of metal deposition technique. After many researches, a way to deposit metals such as silver, gold and platinum is developed. These metal deposits are used for inserting sensors, wireless components, and batteries into textiles.


Smart Textile Market: Competitive Landscape

The companies holding major shares in the global smart textile market are Schoeller Textiles, Textronics, Google, Intelligent Clothing, Gentherm, Sensoria, AiQ Smart Clohhing, Nanowear, Ohmatex, and Vista Medical. These companies are focusing on collaborating with local players to gain grounds over their competitors. Moreover, the companies are constantly investing in R&D activities to develop innovative products in reasonable cost and thereby building their brand name.


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Related Reports:

A.    Waterproof Textiles Market

B.     Textiles Fibre Market


What can you expect from the report?

The smart textile market is prepared with the main agenda to cover the following 20 points:

1. Market Size by Product Categories & Application            11. Demand Analysis (Revenue & Volume)

2. Market trends & Relevant Market Data                            12. Country level Analysis

3. Manufacturer Landscape                                                   13. Competitor Analysis

4. Distributor Landscape                                                       14. Market Shares Analysis

5. Pricing Analysis                                                                 15. Value Chain Analysis

6. Top 10 End user Analysis                                                  16. Supply Chain Analysis

7. Product Benchmarking                                                      17. Strategic Analysis

8. Product Developments                                        18. Current & Future Market Landscape                                                                                                         Analysis

9. Mergers & Acquisition Analysis                                         19. Opportunity Analysis

10. Patent Analysis                                                                  20. Revenue and Volume Analysis

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About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.