Smart Textiles Market Size, Share | Industry Report 2024

Global Smart Textiles Market was valued at $674.8 Million in 2015 and is estimated to grow at a CAGR of over 33% from 2017 to 2024.

The global smart textiles market is growing rapidly on account of key drivers such as increasing demand for wearables, technological advancements, high adoption of mobile and smart gadgets, increasing disposable income across various emerging countries. The market is anticipated to reach a value of USD 8.98 billion by 2024. The high growth is anticipated due to smart innovations in the textile industry and electronics sector. The integration of sophisticated gadgets, sensors, chips in various type of textile fabrics is generating huge interest from various stakeholders.

The demand for smart textiles is growing rapidly from the military and defense sectors, retail sector, healthcare and other end users. The growth of nanotechnology has played a vital role in the manufacture of smart fabrics. The smart textiles market is segmented based on function, type, end-user and region. Based on function, the market is categorized as sensing, thermo-electricity, energy harvesting, and luminescence & aesthetics. Based on end user industry, the market is categorized into automotive, fashion, military, sports & fitness, and healthcare.

Based on region, the market is split into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. In 2015, North America accounted for the majority of the market share. The high disposable income of the U.S. and Canadian population, high military spending, the presence of world-class technology companies contribute to the dominant position held by the North America in the market.

Estimated average product cost – $ xx globally. However, the average cost differ in each segment due to the different product specifications. Furthermore, with the growth in wearable technology, growing solution implementation and increasing SMEs, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.

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Key findings from the study: -
• Global Smart Textiles Market was valued at $523 Million in 2015 and is estimated to grow at a CAGR of over 34.5%from 2016 to 2024.
• The market is anticipated to reach a value of USD 8.8 billion by 2024.
• The demand for smart textiles is growing rapidly from the military and defense sectors, retail sector, healthcare and other end users.

Ameri Research has segmented the Smart Textiles Market by material categories, product type, end-use and region:

Market Segmentation:

Smart Textiles Market, by Product (Revenue, USD Billion)
• Active
• Passive
• Very Smart
Smart Textiles Market, by Application (Revenue, USD Billion)
• Sensing
• Thermo-Electricity
• Energy Harvesting
• Luminescence & Aesthetics
Smart Textiles Market, by End-Use (Revenue, USD Billion)
• Fashion & Entertainment
• Defense & Military
• Sports & Fitness
• Architecture
• Medical
• Others
Smart Textiles Market, by Region (Revenue, USD Billion)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Italy
o Spain
• Asia Pacific
o Japan
o China
o India
o Australia
• Latin America
o Brazil
o Mexico
o Columbia
• Middle East and Africa
o South Africa
o Saudi Arabia

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Ameri Research Inc. (www.ameriresearch.com) is a U.S. based market research and consulting company, registered in the State of Florida and headquartered in Tampa Bay Area. At Ameri Research we are passionately curious about people, markets, brands and society. Our ability to gauge market movements, deep expertise in data science, strong domain expertise and years of collective global experiences helps us to bring unmatched quality in deliverables to our clients. With carefully planned systems and processes in place, we cater to the requirements of our clients in a timely and cost-efficient manner, bringing increased predictability to their business. Each year we are publishing more than 100 syndicated reports in healthcare, chemicals, materials, food & beverages, defense & aerospace, media & entertainment, sports & fitness, and energy. We offer our clients a unique depth of knowledge and expertise around-

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