Published Date: May 2024
Smart Textile Market accounted for US$ 2.43 billion in 2020 and is estimated to be US$ 24.01 billion by 2030 and is anticipated to register a CAGR of 26.0%. Rising utilization of smartphones and other high technologies across the globe drives the global smart textiles market. Further, smart textiles help to communicate information of the wearer such as location, heart rate, blood pressure, and temperature, which boost the smart textile market.
The report "Smart Textile Market, By Function (Energy Harvesting, Sensing, Thermoelectricity, Luminescent, and Others), By Application (Fashion and Entertainment, Sports and Fitness, Medical, Transportation, Protection and Military, and Architecture), and Region - Forecast to 2030"
Key Highlights:
- On March 5, 2019, KARL MAYER Textilmaschinenfabrik GmbH launched smart technology platform. This technology platform helps to develop innovative new knit applications.
- In July 2018, Tommy Hilfiger, subsidiary of Murjani Group launched smart clothing that tracks movement of users.
Key Market Insights from the report:
The Smart Textile Market accounted for US$ 2.43 billion in 2020 and is estimated to be US$ 24.01 billion by 2030 and is anticipated to register a CAGR of 26.0%.over the forecast period. The market report has been segmented on the basis of function, application, and region.
- By function, the smart textile market is segmented into energy harvesting, sensing, thermoelectricity, luminescent, and others.
- By application, the protection and military segment is accounted major share in the smart textile market due to the integration of these products with electronic products offers a lightweight option against heavy batteries.
- By region, North America is expected to account for major share in terms of revenue in the smart textile market over the forecast period. This can be attributed to increasing demand for smart textile in the transportation, defense, and healthcare in countries of the region. Asia Pacific smart textile market is expected to account for fastest growing rate in terms of revenue in the smart textile market in the near future.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Smart Textile Market, By Function (Energy Harvesting, Sensing, Thermoelectricity, Luminescent, and Others), By Application (Fashion and Entertainment, Sports and Fitness, Medical, Transportation, Protection and Military, And Architecture), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)- forecast till 2029
The prominent player operating in the smart textile market include Adidas AG, Ohmatex ApS, Peratech Holdco Limited, Infineon Technologies AG, Jabil Circuit Inc., Fibertronic Ltd, KARL MAYER Textilmaschinenfabrik GmbH, Murjani Group, Tektronix, Inc, and Sensoria Inc.
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