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Detailed examination of the smart textile market gains traction after struggling for past couple of years

Detailed examination of the smart textile market gains traction after struggling for past couple of years

Global smart textile market is expected to grow at a CAGR of 35.2% from 2017 to 2025. The application segment is subsegmented in military, automotive, healthcare, and others.

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Fabrics with electronic components inserted inside are smart textiles Market. The increase in demand for smart watches and wristbands as well as sophisticated gadgets with advanced functions, miniaturization of electronic components, and rapid growth of low-cost smart wireless sensor networks fuel the demand in smart textile market.

Global smart textile market is expected to grow at a CAGR of 35.2% from 2017 to 2025.

Based on type, the market is bifurcated into passive smart textile, active smart textile, and ultra-smart textile.

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The application segment is subsegmented in military, automotive, healthcare, and others. The smart textile market is analyzed based on geography, which includes North America, Europe, Asia-Pacific, and LAMEA.

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Market Dynamics:

Drivers:

  • Rise in demand of wearable electronics
  • Increase in demand of size reduction in portable electronic devices
  • Increase in popularity of smart gadgets and reducing cost of wireless sensors

Restraints:

  • Extra cost occurred by accommodating electronics in fabrics
  • Absence of standards and regulations

Market Players:

Top market players profiled in the report are Google Inc., AIQ Smart Clothing Inc., Interactive Wear AG, Clothing Plus Ltd., Schoeller Technologies AG, E. I. Du Pont De Nemours and Company, Gentherm Incorporated, Textronics, Inc., and Outlast Technologies LLC.

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MARKET LANDSCAPE

By Type

  • Passive Smart Textile
  • Active Smart Textile
  • Ultra-Smart Textile

By Application

  • Commercial
  • Consumer
  • Automotive
  • Other

By Geography

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • Australia
  • China
  • Japan
  • India
  • Singapore
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • Rest of LAMEA

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