Global Smart Textiles Market, By Type (Active Fabrics, Passive Smart Fabrics, Ultra-Smart Fabrics), Application (Fashion & Entertainment, Sports & Fitness, Medical, Transportation, Protection & Military, Architecture), Function (Energy Harvesting, Sensing, Luminescence, Thermoelectricity), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Forecast to 2026 The Global Smart Textiles Market is expected to register a CAGR of 18.7% in the forecast period of 2019-2026, raising the initial estimated value from USD 2.07 billion in 2018 to an estimated value of USD 8.18 billion by 2026. This rise can be attributed to the increasing prevalence of wearable devices and monitoring applications in smartphones.
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Some of the major market competitors currently working in the smart textiles market are AiQ Smart Clothing, Google LLC, Texas Instruments Incorporated, DowDuPont, Kolon Industries Inc., Interactive Wear AG, Ohmatex, schoeller, adidas AG, Koninklijke Ten Cate bv, GENTHERM, Maggie Orth, VISTA MEDICAL LTD., Nike Inc., O’Neill, Thermosoft International Corporation, Peratech Holdco Limited, Clothing+, and Outlast Technologies LLC.
Market Definition:
Smart textiles are cloth/fabric that enables the wearer to include digital accessories and applications to be installed in them. They are developed and innovated with the technologically advanced methods that add value and enable the wearer to monitor their movements and various other applications. They have the ability of changing their colour, or even utilize the energy.
Market Drivers:
- Innovation and application of textiles in smartphones and other devices for monitoring purpose will drive the market growth
- Implementation of nanotechnology, and applications of wearable devices will also drive the market growth
Market Restraints:
- High cost of production and environmental footprint will act as a major market restraint
- No collaboration between the players and high level of competition is expected to restrain the market growth
Segmentation: Global Smart Textiles Market
By Type
- Active Fabrics
- Passive Smart Fabrics
- Ultra-Smart Fabrics
By Application
- Fashion & Entertainment
- Sports & Fitness
- Medical, Transportation
- Protection & Military
- Architecture
By Function
- Energy Harvesting
- Sensing
- Luminescence
- Thermoelectricity
By Geography
- North America
- South America
- Europe
- Middle East and Africa
- Rest of Middle East and Africa
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Competitive Analysis: Global Smart Textiles Market
The global smart textiles market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart textiles market for global, Europe, North America, Asia Pacific and South America.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
Table of Content:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Global Employee Engagement and Feedback Software Market Landscape
Part 04: Global Employee Engagement and Feedback Software Market Sizing
Part 05: Global Employee Engagement and Feedback Software Market Segmentation By Product
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
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