India Smart Textile Market 2021 Top Key Players are Interactive Wear AG, Intelligent Clothing Ltd., Nike Inc., ONeill, Eleksen and Forecast to 2027 | Covid-19 Impact Analysis

"Smart Textile Market is valued at USD 2.64 Billion in 2018 and expected to reach USD 20.09 Billion by 2025 with the CAGR of 33.6% over the forecast period."
Increase in standard of living, rising incomes, awareness of safety and environmentalism, advances in medical technology, expanding automotive sectors, and increased spending on healthcare factor drive the market growth.

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Scope of the Report:
Smart Textile are textiles that are able to sense and responds as per changes in their environment. Originally, textiles were made from natural animal or plant-based fibers. Later, the synthetic fibers were manufactured in laboratories which were stronger and more versatile. Last few years have witnessed the use of digital communications technology in textiles. The technology has reached the point where thin fibers which run through your smartphone and transmit data and can be woven into cloth textiles termed as smart textiles. Smart Textiles are divided into two classes such as passive and active smart textiles. According to their uses these Smart textiles are manufactured for medical, transportation, energy, protection, security communication and textile electronics.

The increasing adoption of smart textile across numerous applications, including sports & fitness and defense & military are expected to be the key driving force for the industry. Increasing research and development in the smart textile market along with the rising demand in emerging economies such as India and China are acting as major opportunities in the global Smart textile market. However, high price of production is restraining the growth of the market. The emergence of nanotechnology and its growing demand in smart textile industry provides opportunities to the producers of smart textile.

North America is dominating the Smart Textile Market.
Geographically, North America region is dominating the Smart Textile Market. This is due to increasing demand and adoption for smart textiles in countries in this region. For instance, According to International Journal of Technology Diffusion, Wearable sports and fitness devices are forecast to generate $9.4 billion in worldwide revenue by 2020. Also the advancements and technological innovations which are directed to the introduction of new products are driving to the growth of the smart textiles market in the region. According to United Nations Conference on Trade and Development, The number of IoT devices is expected to rise from 15 billion in 2015 to 50 billion by 2020, a third of these being computers, smartphones, televisions and mobile devices.

Global Smart textile market report covers prominent players like Intelligent Clothing Ltd., International Fashion Machines, Inc., Interactive Wear AG, Vista Medical Ltd., Nike Inc., ONeill, Eleksen, Fibretronic Limited, ThermoSoft International, and Peratech Ltd. and Others.

Increasing Integration of Electronic Components in Smart Textiles is driving the Market growth.

The demand for smart textile is mainly driven by increasing penetration of smartphones and other high-tech smart devices such as iPods. According to Rapidvalue Solutions, about 2.1 Billion smartphone users in the world and about 29.5% of the global population use smartphones. This is due to majority of new smartphones and laptops are equipped with Bluetooth Low Energy (BLE) technology which enables the connection of sensor-based devices to the internet through mobile phones. Moreover, incorporating nanotechnology into fabrics for helping to change or enhance the properties like electronic capability, fire resistance and monitoring and this textile has many applications in the health and military sectors. Advances in nanotechnology are expected to boost the market growth in forecast period. However, Compatibility issues and high-cost of production of these textiles are restraining the market growth.

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Smart Textile Market Segmentation –

By Function - Energy harvesting, Sensing, Thermoelectricity, Luminescent, Others

By End-User Industry - Healthcare, Military and defense, Entertainment, Automotive, Sport and fitness

By Region
North America, US, Mexico, Chily, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, South Korea, Japan, India, Southeast Asia, Latin America, Brazil, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa

Smart Textile Market Key Players
• Intelligent Clothing Ltd.,
• International Fashion Machines, Inc.
• Interactive Wear AG
• Vista Medical Ltd.
• Nike Inc.
• ONeill
• Eleksen
• Fibretronic Limited

Table of Content
1. Chapter - Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Smart Textile Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Smart Textile Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Smart Textile Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
3. Chapter - Global Smart Textile Market Overview: Quantitative Analysis
4. Chapter – Global Smart Textile Market Analysis: Segmentation By Type
5. Chapter – Global Smart Textile Market Analysis: Segmentation By Application

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