Press release
Smart Textiles Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Smart Textiles
What Is the Expected Smart Textiles Market Size During the Forecast Period?
The market size of smart textiles has seen a monumental increase in the past years. It is projected to escalate from $5.78 billion in 2024 to $7.52 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 30.2%. The historic rise can be credited to robust economic expansion in budding markets, heightened internet accessibility, a surge in the millennial demographic, a setting of low-interest rates, and urbanization.
The market for smart textiles is anticipated to witness significant expansion in the ensuing years, escalating to a value of $20.76 billion in 2029, marking a compound annual growth rate (CAGR) of 28.9%. This projected growth for the forecast period can be credited to numerous influences including the expansion of e-commerce, a surge in the demand for sportswear, growing adoption of 5G networks, an increasing population, and the proliferation of the internet of things (IoT). Alongside, crucial future trends encompass heightened concentration on smart fabric technology, the advent of wearable tele-rehabilitation platforms, advancements in technology, moves towards digital testing, product introductions, and the emergence of inventive smart garments.
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What Are the High-Growth Segments in the Smart Textiles Market?
The smart textiles market covered in this report is segmented -
1) By Type: Passive, Active and Ultra-smart
2) By Function: Energy Harvesting, Sensing, Thermoelectricity, Luminescent and Other Functions
3) By End Users: Fashion and Entertainment, Sports and Fitness, Medical, Automotive, Protection and Military, Architecture and Other End Users
Subsegments:
1) By Passive: Fabrics with embedded sensors for monitoring, Moisture-wicking fabrics, UV protection textiles
2) By Active: Heating textiles, Textiles that change color or shape based on stimuli, Wearable technology with integrated electronics
3) By Ultra: Textiles with advanced functionalities, Fabrics that can communicate with other devices, Self-adaptive textiles that adjust properties based on environmental conditions
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What Key Drivers Are Expected to Influence Future Smart Textiles Market Growth?
The anticipated growth of the smart textiles market is largely believed to be driven by an escalating demand for intelligent wearable gadgets. These are electronics, run by microprocessors, that can be worn like regular clothes or accessories, or even implanted directly into the body. These devices, which encompass smart jackets, glasses, shirts, jewelry, and watches, among others, can transmit and receive data over the internet. The appeal in these smart wearables lies in their ability to provide on-demand data about users' health status, and they are envisioned to represent the next big thing in portable energy systems, high-tech sportswear, health monitoring systems, workwear, and military camouflage. As an example, Cisco Systems, a prominent American hardware networking firm, has predicted that the total number of wearable devices in circulation will ascend from 593 million in 2021 to 1,105 million by 2022. Consequently, the smart textiles market stands to benefit from this surge in demand for intelligent wearable gadgets.
Which Companies Hold the Largest Share Across Different Smart Textiles Market Segments?
Major companies operating in the smart textiles market include Koninklijke Ten Cate NV, Schoeller Textil AG, Eeonyx Corporation, Tex-Ray Industrial Co. Ltd, AiQ Smart Clothing Inc, Sensoria Inc, Noble Biomaterials, Interactive Wear AG, Mitsufuji Corporation, Xenoma Inc, Welspun India Ltd, Teijin Frontier Co. Ltd., GPOWERTECH CO. LTD, Nextiles, Fibrofill inc., Adidas AG, Clothing+, Ohmatex A/S, Siren, Centre for Process Innovation Limited (CPI), Hi-Tec Sports, Vaxess Technologies, FPC Industry, Nanowear, Express Embroidery, Stedfast Inc, Tricot Carol Inc, Lomar, Gulf Denim, Naseej Textile, Ultra Design Studios, Texel Inc., Smart textiles LLC
What Trends Are Driving Growth in The Smart Textiles Market?
Leading firms within the smart textiles market are concentrating on the creation of innovative products and the development of novel technologies like blockchain. This technology enhances transparency, traceability, and security in the supply chain, verifying the authenticity of materials and increasing the sustainability of textile production. Blockchain is a digitally decentralized ledger that records transactions securely across multiple computers, ensuring transparency and irreversibility. For instance, in March of 2023, a textile manufacturer based in Switzerland launched a product called Re-Source. This is a line of textiles made from a mixture of bio-based substances, recycled polyester, and spandex. This innovative approach not only gives a new life to used materials but also aids in minimising waste in the textile industry.
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What Are the Emerging Geographies for The Smart Textiles Market Growth?
North America was the largest region in the smart textiles market in 2024. The regions covered in the smart textiles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Smart Textiles Market?
2. What is the CAGR expected in the Smart Textiles Market?
3. What Are the Key Innovations Transforming the Smart Textiles Industry?
4. Which Region Is Leading the Smart Textiles Market?
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