Global Smart Textiles Market (2022 to 2027) – Industry Trends, Share, Size, Growth, Opportunity and Forecasts – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Smart Textiles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The global smart textiles market reached a value of US$ 3.0 billion in 2021. Looking forward, the market is projected to reach US$ 13.6 billion by 2027, exhibiting at a CAGR of 29.1% during 2022-2027.
Companies Mentioned
- Adidas AG
- AiQ Smart Clothing Inc.
- Clothing+
- Dupont De Nemours Inc.
- Gentherm Incorporated
- Google LLC
- Interactive Wear AG
- Ohmatex A/S
- Schoeller Textil AG
- Sensoria Inc.
- Texas Instruments Incorporated
- Textronics
- Vista Medical Ltd
Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.
Smart textiles, or e-textiles, refer to the fabrics that are embedded with conductive threads and electronic components. There are two kinds of smart textiles, namely passive and active smart textiles. They can sense or detect the environmental changes and automatically respond to the mechanical, thermal and chemical manipulations.
These textiles can also communicate with other devices, conduct energy and modify the physical properties of other materials and textiles to protect the wearer from environmental hazards. Certain textile variants are used for design and fashion purposes while some are used to facilitate human functioning. Owing to these benefits, they find extensive applications across various industries, including military, healthcare, transportation, entertainment and sports and fitness.
The emerging trend of miniaturization of electronics, along with the increasing integration of smart textiles with wearable devices, is one of the key factors driving the growth of the market. In the healthcare and sports sectors, smart textiles are increasingly being used to monitor muscle vibrations, regulate body temperatures and provide protection from various hazards.
Furthermore, several innovations in the electronics sector have facilitated the integration of smart textiles with compact electronic components, such as sensors, batteries and control consoles, in wearable and electronic devices. Additionally, increasing product adoption in the defense sector is acting as another growth-inducing factor.
For instance, smart textiles are combined with defense equipment for health monitoring, wired and wireless communications, superior mobility, sensing of heat and cold stresses and camouflage. This, along with technological advancements and extensive research and development (R&D) activities, is projected to drive the market further.
Key Questions Answered in This Report
- How has the global smart textiles market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global smart textiles market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the functionality?
- What is the breakup of the market based on the End-use sector?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global smart textiles market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Smart Textiles Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
7 Market Breakup by Functionality
8 Market Breakup by End-Use Sector
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Indicators
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/pyc2ja
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