Press release
Smart Textiles Market: Size And Trends Shows A Rapid Growth By 2030 - DuPont, AiQ Smart Clothing, Interactive Wear AG, Schoeller Textil AG, Sensoria Inc
Smart Textiles Market
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The global smart textiles market report by the business research company identifies surging demand for smart wearable devices to be a major growth driver for the smart textiles market. Smart wearable devices are electronic devices powered by microprocessors that are integrated into clothing, worn as accessories, and implanted in the body to send and receive data via the internet. Smart wearable devices include smart jackets, smart glasses, smart shirts, smart jewelry, smart watches, and others. There is a surge in demand for smart wearable devices as they provide real-time information on users' well-being and are the future of portable energy systems, high-tech sportswear, health monitoring systems, workwear, and military camouflages. For instance, according to Cisco Systems, a US-based networking hardware company, the number of connected wearable devices is expected to reach 1,105 million by 2022, up from 593 million in 2021. Therefore, the surging demand for smart wearable devices is promoting the growth of the smart textiles market.
The global smart textiles market is expected to grow from $2.52 billion in 2021 to $3.39 billion in 2022 at a compound annual growth rate (CAGR) of 34.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The smart textiles market is expected to reach $9.30 billion in 2026 at a CAGR of 28.7%.
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North America was the largest region in the smart textiles market in 2021. The regions covered in the smart textiles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major players in the smart textiles market are DuPont, AiQ Smart Clothing, Interactive Wear AG, Schoeller Textil AG, Sensoria Inc., Adidas AG, Outlast Technologies LLC, Ohmatex, Vista Medical Ltd., Google Inc., Noble Biomaterials, Koninklijke Ten Cate BV, DiPole Materials, Thermosoft International Corporation, and Chronolife.
The global smart textiles market is segmented -
1) By Type: Passive, Active, Ultra-Smart
2) By Function: Energy Harvesting, Sensing, Thermoelectricity, Luminescent
3) By End-User: Fashion And Entertainment, Sports And Fitness, Medical, Transportation, Protection And Military, Architecture
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The Smart Textiles Market Report Contents Include
1. Executive Summary
2. Smart Textiles Market Characteristics
3. Smart Textiles Market Trends And Strategies
4. Smart Textiles Market - Macro Economic Scenario
5. Smart Textiles Market Size And Growth
....
28. Key Mergers And Acquisitions In The Smart Textiles Market
29. Smart Textiles Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the smart textiles market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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