Global Smart Textile Market Poised to Reach USD 30.45 Billion by 2029, Fueled by Active/Ultra-Smart Textile Growth

Smart Textile Market Overview:

Smart textiles, often referred to as e-textiles, encompass fabrics with integrated digital components, including processors, batteries, and electronics. These innovative textiles provide enhanced functionality to the wearer, such as the ability to transform, communicate, harvest energy, and adapt to various stimuli. Smart textiles can be categorized into aesthetic and performance-enhancing types, with applications ranging from fabrics that change color and light up to textiles designed for athletes, military personnel, and extreme sports enthusiasts.

Market Values:

The worldwide Smart Textile Market, driven by the growth of the active/ultra-smart textile segment, is anticipated to attain a value of US $30.45 billion by 2029. In 2022, the market was valued at US $5.29 billion, and it is projected to grow with a remarkable CAGR of 28.40% during the forecast period.

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Smart Textile Market Dynamics:

Adoption of Advanced Technologies:

The textile market has been revolutionized by emerging technologies like the Internet of Things (IoT) and artificial intelligence (AI). New smart textiles incorporate technologies such as Bluetooth Low Energy (BLE), AI, edge computing, and cloud data to monitor and share wearers' physiological data, promoting better health and productivity.

Lack of Awareness:

Despite the potential, smart clothing is still relatively unknown to consumers. However, market projections indicate that smart textiles are set to gain wider acceptance, with the e-textiles market expected to grow at a CAGR of 77% through 2022.

Multi-Featured and Hybridized Designs:

Consumers seek compact devices that combine various functions into a single device. This trend has given rise to multi-function and hybrid smart textiles that integrate different wearable technologies, making life more convenient and efficient.

Smart Textile Market Regional Insights:

In 2022, North America held a substantial market share due to high demand from the military, healthcare, fitness, and sports sectors. Notable smart textile producers in North America further support market growth.

The report provides a thorough understanding of the global Smart Textile Market, offering insights into market dynamics and a competitive analysis of key players. It assists decision-makers in gaining a clear view of the industry's future and the potential impacts of micro-economic factors.

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What is Smart Textile Market Segmentation:

Smart Textile Market by Type

Passive Smart Textile
Active/Ultra-Smart Textile

In 2022, the active/ultra-smart textile segment dominated the market, with electronic components like sensors and actuators enabling these textiles to sense and respond to stimuli, offering enhanced functionality.

Smart Textile Market by Application

Shape Memory Textiles
Color-Changing Textiles
Phase-Changing Textiles
Wearable Smart Electronic Textiles

The wearable smart electronic textiles segment led the market in 2022, providing capabilities to detect and respond to environmental stimuli such as temperature changes, light, and moisture, enhancing user experience.

Smart Textile Market by Function

Energy harvesting
Sensing
Thermoelectricity
Luminescent
Others

Who are Smart Textile Market Key Players:

1. DuPont
2. Alphabet
3. Jabil
4. AIQ Smart Clothing
5. Sensoria
6. Gentherm
7. Interactive Wear
8. Outlast Technologies
9. Adidas
10. Hexoskin
11. Intelligent Clothing Limited
12. International Fashion Machines Inc.
13. Schoeller Textiles AG
14. Textronics Inc.

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Table of Content: Smart Textile Market

Part 01: Executive Summary

Part 02: Scope of the Smart Textile Market Report

Part 03: Smart Textile Market Landscape

Part 04: Smart Textile Market Sizing

Part 05: Smart Textile Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Key Offerings:

Market Overview
Market Share
Market Size
Forecast by Revenue | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation - A detailed analysis by segments, sub-segments and region
Competitive Landscape - Top Key Vendors and Other Prominent Vendors

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