Smart Textiles Market Size to Reach US$ 15.9 Billion by 2028, at a Growth Rate of (CAGR) 24.6%

IMARC Group, a leading market research company, has recently releases report titled "Smart Textiles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global smart textiles market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the smart textiles?
The global smart textiles market size reached US$ 3.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.9 Billion by 2028, exhibiting a growth rate CAGR of 24.6% during 2023-2028. 

What is smart textiles?

Smart textiles, or e-textiles, represent the fabrics that are embedded with conductive threads and electronic components. They are of two kinds, including passive and active. Smart textiles can sense or detect the environmental changes and automatically respond to the thermal, mechanical, and chemical manipulations. They can also communicate with additional devices, conduct energy, and modify the physical properties of other materials to protect the wearer from environmental hazards. Certain smart textiles are used for design and fashion purposes, while some are used to enable human functioning. As a result, these materials find widespread applications across various sectors, such as healthcare, transportation, military, entertainment, sports and fitness, etc. 

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What are the growth prospects and trends in the smart textiles industry?

The emerging trend of miniaturization of electronics and the increasing integration of these materials with wearable devices are among the primary factors driving the smart textiles market. Besides this, the escalating product demand in the sports and healthcare industries to monitor muscle vibrations, regulate body temperatures, and provide protection from several hazards is further augmenting the market growth. Moreover, various innovations in the electronics sector have facilitated the incorporation of smart textiles with compact electronic components, including sensors, batteries, and control consoles, in wearable devices, which is also catalyzing the global market. Apart from this, the extensive research and development (R&D) activities by the leading players to launch advanced product variants are acting as significant growth-inducing factors. Furthermore, the growing popularity of these materials in the defense sector for health monitoring, wired and wireless communications, superior mobility, sensing of heat and cold stresses, and camouflage is anticipated to propel the smart textiles market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

Passive Smart Textile
Active Smart Textile

Breakup by Functionality:

Sensing
Energy Harvesting
Luminescence and Aesthetics
Thermoelectricity
Others

Breakup by End-Use Sector:

Military and Protection
Healthcare
Sports and Fitness
Fashion and Entertainment
Transportation
Architecture
Others

Breakup by Region:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Who are the key players operating in the industry?

The report covers the major market players including:

Adidas AG
AiQ Smart Clothing Inc.
Clothing+
Dupont De Nemours Inc.
Gentherm Incorporated
Google LLC
Interactive Wear AG
Ohmatex A/S
Schoeller Textil AG
Sensoria Inc.
Texas Instruments Incorporated
Textronics
Vista Medical Ltd.

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