Smart Textile Market Smart Textile Market Is Estimated to Represent USD 5.55 Billion By 2025
Smart textiles are advanced fabrics developed with novel technologies, which offer added value to the wearer. Some of these fabrics also accumulate energy from the surroundings by extracting vibrations, heat or sound, responding to these inputs. Such textiles are used across several applications to enhance performance and add aesthetic value. For instance, in fashion industry they are used due to their ability to light up and change color.
Until now most smart fabrics have been limited to niche usage including the high-end fashion, military & defense, and medical sectors. However, now the industry is witnessing a shift with a positive confluence of the technology and textiles that has led to the easy integration of comfortable fabric-based sensors together with the advent of conductive yarns that can be woven into fabrics. Smart textiles are also anticipated to create a revolution in the smart wearables market.
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Key companies in the market include Adidas AG; Ohmatex ApS; Peratech Ltd.; Infineon Technologies; Clothing+; Fibertronic Ltd.; Weartech; and Tektronix, Inc.
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End Use Insights
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Smart fabrics are used in applications, such as fashion & entertainment, medical, protection & military, architecture, and transportation. The sports & fitness segment is anticipated to witness substantial growth by 2025. Smart textiles possess the ability to react to stimuli generated from mechanical, thermal, magnetic, chemical, and electrical sources. Due to these abilities, it can be used in sophisticated electronics devices including fitness watches and belts for monitoring health and body vitals in real time.
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North America accounted for over 47% of the overall share in 2018, thus, leading the Smart textiles market and is likely to maintain the dominance even during the estimated period
The defense & military segment accounted for the largest market share of 27.87% in 2018. The integration of these products with electronic products offers a lightweight option against heavy batteries integrated in garments used in defense & military. In the future, warrior systems are anticipated to be equipped with wireless weapons, chemical and biological threat detectors, heads-up display, Global Positioning Systems (GPS), and battery power for enhanced safety. Furthermore, the product is also used in medical applications, mainly to reduce the recovery time. Rising population across the globe has created the demand for improved healthcare and medical facilities, which is contributing to the market growth.
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.