The smart and interactive textiles market is anticipated to flourish at a strong CAGR of 26.1% between 2023 and 2033. The market is expected to hold a market share of USD 23.7 billion by 2033 while the market is likely to reach a value of USD 3.30 billion in 2023.
The smart textiles market has been witnessing significant growth over the past years, mainly owing to the advancement and implementation of technologies like artificial intelligence (AI) and the Internet of Things (IoT) in smart textiles. Further, the expanding wearable electronics are expected to grow in the coming years.
Textile finds applications in personalized healthcare and telemedicine sectors. With the use of GPS in smart textiles, patients with Alzheimer’s and Dementia can be tracked. These textiles allow the access of patient information to healthcare providers and also provide possible warning signs. These factors are expected to boost the growth of the smart and interactive textiles market over the analysis period.
The high price of smart textiles as compared to conventional textiles is one of the key factors that is expected to hinder the growth of the smart and interactive textiles market during the forecast period.
| Attributes | Details |
|---|---|
| Smart and Interactive Textiles Market CAGR (2023 to 2033) | 26.1% |
| Smart and Interactive Textiles Market Size (2023) | USD 3.30 billion |
| Smart and Interactive Textiles Market Size (2033) | USD 23.7 billion |
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The global demand for smart and interactive textiles is projected to increase at a CAGR of 26.1% during the forecast period between 2023 and 2033, reaching a total of USD 23.7 billion in 2033, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 24%.
The establishment of a new facility by key manufacturers for meeting the rising demand for smart fabrics around the globe is one of the current trends. For instance,
Increasing demand for smart fabrics like leisurewear is expected to be one of the key trends in the market. This is also attributed to the growing disposable income of the consumer which is encouraging them to spend on leisure products. Also, changing lifestyles of the consumers coupled with the growth in the urban population around the globe due to the gradual shift from rural to urban areas is further expected to propel the market growth.
Development of Multi-Featured and Hybrid Smart Textiles to Boost the Market Growth
Nowadays, people usually own multiple mobile devices, such as smartphones and tablets, and are further looking for compact devices, which can integrate all the computing and monitoring into a single device. This presents an opportunity for the development of multi-function and hybrid smart textiles that not only make users’ life easy but also bring convergence with many wearable devices. For instance,
Implementation of Advance Technologies in Smart Textiles to Accelerate the Market Growth
The advent of new technologies such as the Internet of Things (IoT), and Artificial Intelligence (AI) has transformed the textile industry. New smart apparel is being manufactured integrated with AI, Bluetooth Low Energy (BLE), edge computing, and cloud data, which can monitor and communicate the wearer’s information, including blood pressure, heart rate, perspiration, and temperature.
AI can access and collect historical and real-time operational data and provide insights, which can enhance the wearer’s efficiency. Defect detection, pattern inspection, and color matching are some of the common applications of AI in textile manufacturing.
The use of AI has enabled the production of smart apparel that leverages IoT and electronic sensors to create an excellent user experience. Further, the integration of technologies in textiles can provide a comfortable and health-focused experience.
Since clothes cover a significant portion of the body, smart textiles can potentially provide different types of physiological information. Besides, smart textiles highly rely on BLE and IoT technologies for a long-lasting energy source from their embedded battery.
Principal Consultant
Thermal Consideration and Product Protection Challenges to Impede the Market Growth
Smart textiles such as smart shirts and health monitors that are worn continuously function in rugged conditions involving dust and moisture. Materials used in packaging and assembly remain sensitive to external temperature and moisture.
The operating temperature of the device is decided based on reliability requirements and the comfort level of users. These thermal design challenges are significant enough since it is required for the comfort and longevity of the product.
The Lack of Standards and Regulations to Hinder the Market Growth
The lack of standards and regulations is expected to be one of the key restraining factors for the market growth as it is making it difficult for smart fabric manufacturers to scale up and commercialize new and incremental technologies. Moreover, the production of smart textiles can pose serious environmental and health hazards.
Some of the leading operations of the textile industry are de-sizing, bleaching, dyeing, neutralizing, scouring, mercerizing, printing, and finishing. These operations lead to the discharge of high-level toxic effluents that contaminate soil, as well as cause air, groundwater, and surface water pollution. Thus, the establishment of environmental standards is necessary to control the pollution caused by the textile and leather industries.
| Countries | Revenue Share % (2023) |
|---|---|
| The United States | 16.8% |
| Germany | 10.5% |
| Japan | 6.6% |
| Australia | 2.8% |
| North America | 28.1% |
| Europe | 21.8% |
| Countries | CAGR % (2023 to 2033) |
|---|---|
| China | 28.7% |
| India | 25.4% |
| The United Kingdom | 23.2% |
The Rising Penetration of Smartphones in the Region to Boost the Market Growth
North America is slated to capture the largest chunk of the smart and interactive textiles market revenue, held 28.1% in 2022. The expanding fitness & sports industry along with the rising penetration of smartphones with Bluetooth Low Energy (BLE) to connect sensors to the internet is expected to boost the product demand in North America.
North America held a notable share of the global smart and interactive textiles market, attributed to the strong presence of several industries such as healthcare, military, and transportation.
The Adoption of Smart Textiles by End-Users to Fuel the Market Growth
The smart and interactive textiles market in Asia Pacific held a market share of 32% in 2022. Asia Pacific region is one of the significantly growing regions in the smart and interactive textiles market, attributed to the:
Rising Growth of the Automotive Industry to Reaffirm Growth in Europe
The market in Europe accumulated a market share of 21.8% in 2022, attributed to the:
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| Category | By Product Type |
|---|---|
| Leading Segment | Wearables Electronics |
| Market Share% (2022) | 65.6% |
| Category | By Product Type |
|---|---|
| Leading Segment | Industrial |
| Market Share% (2022) | 19.6% |
Wearable Electronics Segment of Smart and Interactive Textiles to Beat Competition in Untiring Markets
The wearable electronics segment is projected to expand at a market share of 11.9% over the analysis period. The wearable electronics are integrated with sensors to track the movement of soldiers, sportspersons, and racers. It is also used for patients with cardiac diseases. The segment held a market share of 65.6% in 2022.
The prevailing widespread applications of wearable electronics in the medical & healthcare sector can be attributed to the accurate & fast diagnosis and risk assessment. Additionally, wearable electronics is a versatile category compared to other electronics sections and users can detect changes fast and in many convenient ways.
Transportation to Constitute the Bulk of the Smart and Interactive Textiles Market
By Application, the transportation segment of the market held a notable market share of nearly 10.0% in 2021. Smart textiles are used in applications including aerospace, such as airplanes, spaceships, and satellites, and ground transportation railway & automotive to decrease weight, which will ultimately boost efficiency. Further, the textiles are used to make insulation for thermal control inside the vehicle. The industrial application segment leads the market and held a market share of 19.6% in 2022.
The transportation sector has been growing at a significant pace owing to improving socioeconomic factors, thereby leading to significantly evolving consumer preference for technically advanced cars and other vehicles.
Smart and interactive textiles providers such as MesoMat, EHO Textiles, Nyokas Technologies, Clim8, Myant, Elitac, and Reshamandi, among others, are adopting various marketing strategies such as new product launches, geographical exapansion, merger and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a large customer base. For instance,
These solutions point to a new mode of care delivery that addresses the fundamental distribution and adoption challenges that limit existing telehealth systems.
Prominent players in the smart and interactive textiles market are E. I. du Pont de Nemours and Company, Koninklijke Ten Cate, Toray Industries, Textronics, Inc., Sensoria, Inc., Milliken & Company, Globe Holding Company LLC, Interactive Wear AG, Indorama Ventures Public Company Limited, Schoeller Textil AG, Outlast Technologies LLC, D3O Lab Limited, EXO2 Limited, AiQ Smart Clothing, Inc., DuPont, Alphabet, Jabil, AIQ Smart Clothing, Sensoria, Gentherm, Interactive Wear, Outlast Technologies, Adidas, and Hexoskin, among others.
Recent Developments:
Key Players Profiled in the Global Market
The market is expected to secure a valuation of USD 3.30 billion in 2023.
Outlast Technologies LLC, D3O Lab Limited, and EXO2 Limited are the leading Industry players.
The rising growth of the automotive industry reaffirms growth in Europe.
The transportation segment of the market is estimated to hold a notable market share.
The market is estimated to reach USD 23.7 billion by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Wearable 5.2. Chromic 5.2.1. Photochromic 5.2.2. Thermochromic 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Industrial Applications 6.2. Military and Defense 6.3. Medical and Healthcare 6.4. Retail and Consumer Applications 6.5. Transportation 6.6. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. E. I. du Pont de Nemours and Company 17.2. Koninklijke Ten Cate 17.3. Toray Industries 17.4. Textronics, Inc. 17.5. Sensoria, Inc. 17.6. Milliken & Company 17.7. Globe Holding Company LLC 17.8. Interactive Wear AG 17.9. Indorama Ventures Public Company Limited 17.10. Schoeller Textil AG 17.11. Outlast Technologies LLC 17.12. D3O Lab Limited 17.13. EXO2 Limited 18. Assumptions & Acronyms Used 19. Research Methodology
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Smart and Interactive Textiles Market
