The Rapid Expansion of the Smart Textiles Market by 2026

With a compound annual growth rate (CAGR) of 23.2%, the Smart Textiles Market is expected to rise from USD 2.3 billion in 2021 to USD 6.6 billion by 2026.

Pune, 16/07/2024 (informazione.it - comunicati stampa - scienza e tecnologia)

According to the new market research report "Smart Textiles Market by Type (Passive, Active/Ultra-smart), Function (Sensing, Energy Harvesting & Thermo-electricity, Luminescence & Aesthetics), Vertical, & Geography - Global Forecast to 2026", the smart textiles market is expected to grow from USD 2.3 billion in 2021 to USD 6.6 billion by 2026, registering a CAGR of 23.2% during the forecast period. This substantial growth is driven by the increasing integration of advanced technologies into textiles, catering to the rising demand for innovative, functional fabrics across various industries. Smart textiles, which include passive, active, and ultra-smart types, offer capabilities such as sensing, energy harvesting, thermo-electricity, luminescence, and aesthetics. These functionalities are particularly valuable in sectors such as healthcare, sports & fitness, military, and fashion, where the need for responsive, interactive, and multifunctional materials is accelerating. The rapid advancements in smart textile technology, coupled with increasing investments and research, are set to revolutionize the textile industry, driving the market's robust expansion over the next few years.

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The major driving factors for the growth of the smart textiles market include the implementation of advanced technologies in smart textiles, miniaturization of electronic components, and the expanding wearable industry. Advanced technologies, such as conductive fibers and integrated sensors, enable smart textiles to perform various functions, from health monitoring to energy harvesting. The miniaturization of electronic components has made it possible to embed sophisticated functionalities within the fabric without compromising comfort or aesthetics. Additionally, the burgeoning wearable industry, driven by increasing consumer demand for fitness tracking, health monitoring, and lifestyle enhancement products, significantly fuels the adoption of smart textiles. These textiles offer innovative solutions that merge fashion with function, making them an integral part of the rapidly evolving wearable technology landscape.

Besides, hospitals in some countries, such as the US, are increasingly utilizing smart textiles in various forms to enhance patient care during the pandemic crisis. Heated blankets and socks are notable examples, providing essential warmth and comfort to patients, particularly those in critical care or with compromised health conditions. These smart textiles integrate advanced temperature-regulating technologies, ensuring consistent and safe heat distribution. Their application extends beyond comfort, playing a crucial role in preventing hypothermia in vulnerable patients and improving overall recovery outcomes. This innovative use of smart textiles underscores their growing importance in modern healthcare, showcasing their potential to enhance patient care and operational efficiency in medical settings.

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Passive smart textile to have a significant market in military and protection vertical during the forecast period

Passive smart textiles represent the first generation of smart textiles, designed to sense environmental conditions or stimuli without the ability to adjust in response to external changes. These textiles incorporate technologies such as optical fiber-embedded fabrics and conductive fabrics. Examples include UV protective clothing, antibacterial fabric textiles, multilayer composite fibers and textiles, plasma-treated fabrics, ceramic-coated fabrics, conductive fibers, and fabrics integrated with optical sensors. Their robustness makes them particularly suitable for military and protection applications. Leading companies in the passive smart textiles market include DuPont (US), which provides fibers and industrial fabrics used in medical, military, and aerospace sectors, and Outlast Technologies (US), known for its acrylic, viscose, and polyester fabrics used in bedding, apparel, and footwear applications. These companies are pivotal in advancing the functionality and application scope of passive smart textiles.

Sensing function accounts for largest market share for smart textiles market during the forecast period

Smart textiles are innovative materials capable of sensing and reacting to environmental conditions or stimuli generated through various sources, including mechanical, thermal, chemical, electrical, and magnetic. These textiles integrate sensors to monitor body heat, heart rate, respiration rate, and motion, making them highly functional for health monitoring. Apparel items such as gloves, shirts, and pants crafted from smart textiles can detect different health parameters of the wearer. Advanced smart fabric sensors offer the capability to track almost every physiological aspect, including bending, location, movement, and pressure. As a result, sensing emerges as one of the primary functions driving the adoption and development of smart textiles, providing significant benefits in healthcare, sports, and fitness applications.

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Sports and fitness vertical to have highest CAGR during the forecast period.

The sports and fitness segment is poised to register the highest CAGR during the forecast period, driven by the growing awareness regarding health and fitness among the general population. As more individuals prioritize maintaining a healthy lifestyle, the demand for innovative fitness solutions, such as smart textiles, is rising. These advanced fabrics, integrated with sensors, enable real-time monitoring of vital health metrics, including heart rate, respiration, and movement, making them invaluable for athletes and fitness enthusiasts. Additionally, the increasing prevalence of heart-related diseases and diabetes is expected to further propel the adoption of smart textiles in sports and fitness, as these technologies offer effective tools for managing and improving health outcomes.

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 industry due to several key factors. Chief among these is the region's robust landscape of technological innovations and advancements, which have continually driven the introduction of new and improved smart textile products. The increasing demand for smart textiles from the consumer electronics and medical industries has significantly contributed to market growth. In consumer electronics, smart textiles are integrated into wearable devices that offer enhanced functionality and user experience. Meanwhile, in the medical field, smart textiles provide critical health monitoring and diagnostic capabilities, thereby addressing the rising healthcare needs. These combined factors underscore North America's dominant position in the smart textiles market.

Smart Textiles Companies:

• DuPont (US),
• Alphabet (US),
• Jabil (US),
• AIQ Smart Clothing (Taiwan),
• Sensoria (US),
• Gentherm (US),
• Interactive Wear (Germany),
• Outlast Technologies (US),
• Adidas (Germany),
• Hexoskin (Canada).

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