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At 30.4% CAGR, Global Smart Textile Market Size to Surpass USD 7.2 Billion by 2026 - Industry Trends, Share, Growth, Analysis & Forecast Report by Facts & Factors

11-01-2022 07:29 AM CET | Science & Education

Press release from: Facts & Factors

Smart Textile Market

Smart Textile Market

According to Facts and Factors, "Smart Textile Market By Product (Passive, Active, Very Smart), By End-Use (Fashion & Entertainment, Sports & Fitness, Medical, Transportation, Protection & Military, Architecture), and By Functionality (Sensing, Energy Harvesting, Luminescence & Aesthetics, Thermoelectricity, Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, According to our data, the global market for smart textiles is currently valued at over USD 1.1 billion and is projected to grow to USD 7.2 billion by 2026. From 2020 to 2026, the smart textile market is projected to grow at a CAGR of over 30.4%.

Smart textiles are materials that respond and change in response to external stimuli and are integrated with cutting-edge technology that can give the user extra functionality. These fabrics have a variety of uses, including energy transmission, device communication, user safety, and many others.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š๐ง ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ @https://www.fnfresearch.com/sample/smart-textile-market-by-product-passive-active-very-562

The growth of the smart textiles market is credited with the development of new technologies like nanotechnology and Bluetooth Low Energy (BLE) technology. In a similar vein, it is projected that the market for smart textiles would grow in the years to come as electronics production prices decline. The Center of Nanotechnology and Smart Materials in Portugal created an innovative intelligent fabric that can produce electricity to illuminate clothing (CeNTI). Future markets for smart textiles appear to benefit from such advancements by opening up new prospects.

The market for smart textiles can be widely classified into various segments based on the product, end-use, and functionality. Market share is expected to shift in the future years from passive to extremely intelligent and active fabrics. Due to their affordable costs and user-friendly applications, passive textiles had the biggest market share in the product category in 2018. However, due to their smart features, such as the ability to react and alter their behavior depending on the given circumstances due to the deployment of AI technology, highly smart textiles are projected to become more popular in the upcoming years.

๐‘๐ž๐š๐ ๐›๐ฎ๐ฒ๐ง๐จ๐ฐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐จ๐ซ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง@https://www.fnfresearch.com/buynow/su/smart-textile-market-by-product-passive-active-very-562

The largest CAGR is anticipated for highly smart fabrics in the ensuing projection years. Due to a smart textile's capacity to respond to environmental variations in chemical, thermal, mechanical, magnetic, and electrical fields, it is projected that the defense and protection industries will be the primary end-users of the smart textile market. The sensing functionality market had the biggest market share in 2018 due to the widespread use of sensing functionality in practically all applications of smart textiles. Monitoring and sensing capabilities have long been used in a variety of fields, including the military and defense, medicine, sports, and fitness.

๐“๐ก๐ž ๐ฆ๐š๐ฃ๐จ๐ซ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ฌ๐ฆ๐š๐ซ๐ญ ๐ญ๐ž๐ฑ๐ญ๐ข๐ฅ๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐š๐ซ๐ž AiQ Smart Clothing Inc., EXO2, Mide Technology Corporation, OhmatexApS, Thermosoft International Corporation, Adidas AG, Clothing+ (Jabil Circuit, Inc.), Gentherm, Inc., Nike, Inc., Sensing Tex SL, and others.

๐“๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ ๐ญ๐ก๐ž ๐ฌ๐ฆ๐š๐ซ๐ญ ๐ญ๐ž๐ฑ๐ญ๐ข๐ฅ๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐š๐ฌ ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ฌ:

๐†๐ฅ๐จ๐›๐š๐ฅ ๐’๐ฆ๐š๐ซ๐ญ ๐“๐ž๐ฑ๐ญ๐ข๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ

Passive
Active
Very Smart

๐†๐ฅ๐จ๐›๐š๐ฅ ๐’๐ฆ๐š๐ซ๐ญ ๐“๐ž๐ฑ๐ญ๐ข๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐๐ฒ ๐„๐ง๐-๐”๐ฌ๐ž ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ

Fashion & Entertainment
Sports & Fitness
Medical
Transportation
Protection & Military
Architecture

๐†๐ฅ๐จ๐›๐š๐ฅ ๐’๐ฆ๐š๐ซ๐ญ ๐“๐ž๐ฑ๐ญ๐ข๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐๐ฒ ๐…๐ฎ๐ง๐œ๐ญ๐ข๐จ๐ง๐š๐ฅ๐ข๐ญ๐ฒ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ

Sensing
Energy Harvesting
Luminescence & Aesthetics
Thermoelectricity
Others

๐๐ž๐ž๐ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ@https://www.fnfresearch.com/customization/smart-textile-market-by-product-passive-active-very-562

๐†๐ฅ๐จ๐›๐š๐ฅ ๐’๐ฆ๐š๐ซ๐ญ ๐“๐ž๐ฑ๐ญ๐ข๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ

North America
The U.S.
Canada
Mexico
Europe
France
The UK
Germany
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
The Middle East & Africa
GCC Countries
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Chile
Rest of Latin America

Facts & Factors
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Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client's/customer's conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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