Smart Textile Market to Reach US$ 13.63 Bn at a CAGR of 26.1% in 2027 | The Insight Partners

According to the new research report published by The Insight Partners, titled "Smart Textile Market to 2027 - Global Analysis and Forecast by Type (Active, Passive, Ultra-Smart); Function (Sensing, Energy harvesting, Luminescence & Aesthetics, Thermo-Electricity); Industry Vertical (Healthcare, Sports & Fitness, Fashion, Military, Automotive)", the global Smart textile market is expected to reach US$ 13.63 Bn in 2027, by registering a CAGR of 26.1% during the forecast period 2019-2027.

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Smart textiles and interactive fabrics are used for personal health management by integrating, validating, and use of smart clothing with the integration of sensors/ actuators, processing, energy sources, and communication used for personal applications such as emergency, protection/safety, and healthcare. The sensing function is basically performed with the help of sensors integrated in the textile used for sensing the environment or stimuli, human body senses, and accordingly respond. There are various sensors integrated with the textile to sense the environment and have various advantage over the conventional sensors.

The transport industry is also exploring the usage of smart textiles to improve the safety and comfort of the traveler with control panels allowing activating heated seats, and airbags, among others. The vital data can be used to detect early signs of fatigue to warn the driver. For instance, the company BeBop sensors, which has manufactured a smart fabric sensor technology loaded with what it's calling the Automotive Occupant Classification System. These sensors get pressure information and movement from the entire seat in real-time. They are able to collect data points for all aspects of physical contact between the occupant and the seat, including leaning forward or back, left or right, crossing legs, occupant size, and weight. This opportunity is predicted to pitch over the period leading to a huge opportunity for the Smart Textile players.

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Fashion Industry Is Further Going to Aid in The Smart Textile Market's Growth

Designer brands and well-known clothing manufacturers are teaming up with major technological giants to create new wearable based on smart textiles. Research and development into clothes that illuminates or change colors in certain conditions, or a cloth displaying real-time text or emoticons associated with the user's mood or social activity is underway. New designers are now applying their creativity to take advantage of these possibilities to develop the fashion of the future that we might see very soon in fashion shows. Some of the use cases or pilot projects taken by major sports and fitness apparel manufacturers are as follows:-

1. Nike is cooperating with Google to launch gym shoes, which could track real-time footprints by use of Google Earth.

2. Moon Berlin, designer of luxury clothing, is currently exploring soft-circuits to enhance the visual style and use of smart fabrics.

3. Google has partnered with Levi's in project Jacquard to create a collaborative innovation where both parties put in their expertise where the whole is greater than the sum of its parts.

4. Aspinal of London has started to make handbags with built-in battery chargers.

The above initiatives and product development has paved way for the rise in demand for smart textiles which is expected to drive the market throughout the forecast period from 2019 - 2027.

Sports Technology Market: Competitive Landscape

Applycon, s. r. o
Adidas AG
E. I. Du Pont De Nemours and Company
Google (Alphabet Inc.)
Interactive Wear AG
Koninklijke Ten Cate bv
Ohmatex A/S
Schoeller Textil AG
Thermosoft International Corporation
W.L. Gore & Associates

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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