Smart Textile Market Share, Size Report | Analysis to 2022, 2027

Smart Textile Market to 2027 - Global Analysis and Forecast by Type (Active, Passive, Ultra-Smart); Function (Sensing, Energy harvesting, Luminescence & Aesthetics, Thermo-Electricity); Industry Vertical (Healthcare, Sports & Fitness, Fashion, Military, Automotive)

Publication Month : Jan 2020

  • Report Code : TIPEL00002272
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 147
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[Research Report] The smart textile market was valued at US$ 1.59 billion in 2018 and is projected to reach US$ 13.63 billion by 2027; it is expected to grow at a CAGR of 26.1% during 2019-2027.

Smart Textiles are designed and manufactured with the integration of smart technologies to offer fabric with different functionality. The smart textile market by type is segmented into passive, active, and ultra-smart textiles. These textiles are used across numerous applications and offer better communication with other devices, generate electricity, analyze and sense the stimuli, and protect the wearer from environmental hazards. Smart textiles and interactive fabrics are used for personal health management by integrating, validating, and use of smart clothing with the integration of sensors/ actuators, processing, energy sources, and communication used for personal applications such as emergency, protection/safety, and healthcare.

Further, the growth of the global market is also led by escalating spending by sectors, such as healthcare, sports & fitness and fashion industry sector. The global smart textile market is segmented in five major regions such as North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). Fast turnaround time, low operating cost, and easily accessible service points are increasing the adoption of smart textile considerably. Further, demand for smart textile is expanding at an impressive pace due to the increasing demand for the mining and oil and gas exploration activities. Europe is expected to hold the largest share of the global smart textile market by 2019, followed by North America and Asia Pacific.

Lucrative Regions for Smart Textile Market

Lucrative Regions for Smart Textile Market
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Market Insights–Smart Textile Market

Fashion Industry Is Further Going to Aid in The Smart Textile Market’s Growth

Designer brands and well-known clothing manufacturers are teaming up with major technological giants to create new wearable based on smart textiles. Research and development into clothes that illuminates or change colors in certain conditions, or a cloth displaying real-time text or emoticons associated with the user's mood or social activity is underway. New designers are now applying their creativity to take advantage of these possibilities to develop the fashion of the future that we might see very soon in fashion shows. Some of the use cases or pilot projects taken by major sports and fitness apparel manufacturers are as follows:-

  • Nike is cooperating with Google to launch gym shoes, which could track real-time footprints by use of Google Earth.
  • Moon Berlin, designer of luxury clothing, is currently exploring soft-circuits to enhance the visual style and use of smart fabrics.
  • Google has partnered with Levi’s in project Jacquard to create a collaborative innovation where both parties put in their expertise where the whole is greater than the sum of its parts.
  • Aspinal of London has started to make handbags with built-in battery chargers.

The above initiatives and product development has paved way for the rise in demand for smart textiles which is expected to drive the market throughout the forecast period from 2019 – 2027.

Type Segment Insights

Based on type, the smart textile market is segmented into passive, active, and ultra-smart. These textiles are used across numerous applications and offer better communication with other devices, generate electricity, analyze and sense the stimuli, and protect the wearer from environmental hazards. Smart textiles and interactive fabrics are used for personal health management by integrating, validating, and use of smart clothing with the integration of sensors/ actuators, processing, energy sources, and communication used for personal applications such as emergency, protection/safety, and healthcare.

Function Segment Insights

Based on function, the smart textile market is bifurcated into sensing, energy harvesting, luminescence & aesthetics and thermo-electricity. Among the list of emerging technologies, including nanotechnology, IoT, and 3D printing, are the primary factor for the adoption of smart textiles across the globe. Perhaps one of the most remarkable ways the fashion and technology have been incorporated is the capability to turn a diverse set of data into enriching, engaging information. This enables retailers to foresee rapid changes in customer preference better, allowing them to simplify optimal price and promotion across a rising number of combinations available to retailers and their consumers.

Industry Vertical Insights

The smart textile market by industry vertical is further segmented into healthcare, sports & fitness, fashion, military, and automotive. The manufacturers are increasingly aiming on reducing the form factors to enable the integration of sensors efficiently with fabric and safeguard optimum wearability and comfort. Also, the mounting research and development activities across the smart textile market, in the emerging economies such as India and China is the major opportunities in the global smart textile market.

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Smart Textile Market: Strategic Insights

smart-textile-market
Market Size Value inUS$ 1.59 Billion in 2018
Market Size Value byUS$ 13.63 Billion by 2027
Growth rateCAGR of 26.1% from 2019-2027
Forecast Period2019-2027
Base Year2019
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The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

2019:Ohmatex is awarded a large space contract with The European Space Agency (ESA). Under the project name Garments for Advanced Insights (GAIN), ESA signed a contract for 1.04 Mn EUR. The project aims at developing training tights along with integrated sensors and wearable computing. This would help the astronauts to train effectively.
2019:W. L. Gore & Associates proclaimed its upcoming generation in hood technology with the highly breathable GORE Particulate Hood GEN2.
2019:Gore Wear has announced the inauguration of a brand new limited-edition Gore x Romance Gore-Tex Shakedry Jacket fabricated in partnership with independent cycling apparel brand Romance.
2019:wear2wear is an innovative industrial partnership which is dedicated to high-quality and sustainable clothing. Schoeller Textil is to supply holistic textile portfolio for the workwear area.


  

The Global Smart Textile Market has been Segmented as Follows:

GLOBAL SMART TEXTILE MARKET SEGMENTATION


Global Smart Textile Market - By Type

  • Passive
  • Active
  • Ultra-Smart


Global Smart Textile Market - By Function

  • Sensing
  • Energy harvesting
  • Diesel
  • Luminescence & Aesthetics
  • Thermo-Electricity


Global Smart Textile Market - By Industry Vertical

  • Healthcare
  • Sports & Fitness
  • Fashion
  • Military
  • Automotive


Global Smart Textile Market - By Geography

  • North America

    • U.S.
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • Russia
    • UK
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of APAC
  • Middle East and Africa (MEA)

    • South Africa
    • Saudi Arabia
    • U.A.E.
    • Rest of MEA
  • South America

    • Brazil
    • Argentina
    • Rest of South America (SAM)


Global Smart Textile Market - Company Profiles

  • Intelligent Clothing Ltd.
  • Google, Inc.
  • International Fashion Machines, Inc.
  • Interactive Wear AG
  • Textronics, Inc.
  • Gentherm Incorporated
  • Schoeller Textiles AG
  • Vista medical Ltd.
  • Nike, Inc.
  • Thermosoft International
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type ; Function ; Industry Vertical

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

Frequently Asked Questions


What are reasons behind North America Smart Textile industry growth?

North America led the Smart Textile market in 2018 and is expected to capture a decent share of the market by 2027. The presence of efficient infrastructure in the developed nations has enabled the manufacturing companies to explore the limits of science, technology, and commerce. Being a technologically advanced country, coupled with high disposable incomes with individuals, the demand for smart textiles for sports & fitness, healthcare, and the automotive industry has blossomed in the region.

What are market opportunities for Smart Textile?

The Transport industry is also exploring the usage of smart textiles to improve the safety and comfort of the traveler with control panels allowing activating heated seats, and airbags, among others. The vital data can be used to detect early signs of fatigue to warn the driver. For instance, the company BeBop sensors, which has manufactured a smart fabric sensor technology loaded with what it’s calling the Automotive Occupant Classification System (OCS). These sensors get pressure information and movement from the entire seat in real-time. These factors provide growth opportunities for the Smart Textile market during the forecast period of 2019 to 2027.

Which industry vertical hold the major share in Smart Textile market?

The sports and fitness segment Smart Textile led the market in 2018 with a highest market share and is expected to continue its dominance during the forecast period. Smart sportswear is providing effective solutions to the sportsman and help them to seek more comprehensive data about their performance and fitness. The adoption of smart textile boost the comfort level of the user and also eradicate the usage of large equipment such as chest straps. These factors are anticipated to drive the Smart Textile market in the sports and fitness.

The List of Companies - Smart Textile Market

  1. Applycon, s. r. o
  2. Adidas AG
  3. E. I. Du Pont De Nemours and Company
  4. Google (Alphabet Inc.)
  5. Interactive Wear AG
  6. Koninklijke Ten Cate bv
  7. Ohmatex A/S
  8. Schoeller Textil AG
  9. Thermosoft International Corporation
  10. W.L. Gore & Associates

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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