Investment Opportunities in the Smart Textiles Market: Future Outlook and Strategies

1
MarketsandMarkets Presents
The Smart Textiles Market is expected to grow
from USD 2.3 billion in 2021 to USD 6.6 billion
by 2026 it is expected to grow at a CAGR of
23.2 during the forecast period. The major
driving factors for the growth of the Smart
Textiles Market include implementation of
advanced technologies in smart textiles,
miniaturization of electronic components, and
expanding wearable industry among others.
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MarketsandMarkets Presents
Sports and fitness vertical to have highest CAGR
during the forecast period. The sports and
fitness segment is expected to register the
highest CAGR during the forecast period. One of
the key factors driving the growth of this
segment is the growing awareness regarding health
and fitness among the general population.
Besides, the growing prevalence of heart-related
diseases and diabetes is consequently expected to
drive the growth of the Smart Textiles Market for
the sports and fitness vertical. Get PDF
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MarketsandMarkets Presents
Passive Smart Textile to have a significant
market in military and protection vertical during
the forecast period Passive smart textiles are
the first generation of smart textiles, which can
only sense environmental conditions or stimuli
but cannot adjust according to external changes.
Optical fiber-embedded fabrics and conductive
fabrics are the types of passive smart textiles.
UV protective clothing, antibacterial fabric
textiles, multilayer composite fibers and
textiles, plasma-treated fabrics, ceramic-coated
fabrics, conductive fibers, and fabrics with
optical sensors are some of the examples of
passive smart textiles. They are majorly used in
the military and protection vertical due to their
ruggedness.
4
MarketsandMarkets Presents
Sensing function accounts for largest market
share for Smart Textiles Market during the
forecast period Smart textiles are materials
that sense and react to environmental conditions
or stimuli, which is generated through
mechanical, thermal, chemical, electrical,
magnetic, or any other sources. They can sense
body heat, heart rate, respiration rate, and
motion speed through various sensors. Apparels
such as gloves, shirts, and pants made using
smart textiles can sense different health
parameters of a wearer. Advanced smart fabric
sensors virtually track every psychological
aspect, including bending, location, movement,
and pressure. Thus, sensing is one of the major
functions for which smart textiles are being used.
5
MarketsandMarkets Presents
North America accounts for the largest share of
the Smart Textiles Market during the forecast
period North America accounted for the largest
share of the Smart Textiles Market due to several
factors. One of the most important factors is
technological innovations and advancements, which
led to the introduction of new products. The
increasing demand for smart textiles from the
consumer electronics and medical industries has
led to the growth of the Smart Textiles Market in
North America. Browse For More Details -
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MarketsandMarkets Presents
Key Players The Report Profiles Key Players in
the Smart Textiles Market and analyzes their
market shares. Players profiled in this report
are DuPont (US), Alphabet (US), Jabil (US), AIQ
Smart Clothing (Taiwan), Sensoria (US), Gentherm
(US), Interactive Wear (Germany), Outlast
Technologies (US), Adidas (Germany), Hexoskin
(Canada), TenCate (Netherlands), Clim8 (France),
Nike (US), Sensing Tex (Spain), Thermosoft
International (US), Milliken Company (US),
Applycon (US), Peratech (UK), CHARNAUD (South
Africa), Footfalls Heartbeats (UK), Volt Smart
Yarns (US), Samsung(South Korea), Ambiotex
(Germany), Microsoft (US) and LifeSense Group
(Netherlands).
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MarketsandMarkets Presents
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