Smart Textile Market Overview

The report is titled as ‘Smart Textile Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the smart textile market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. The smart textile market is expected to grow with significant rate in the near future.

The global smart textile market in 2020 is estimated for more than US$ 26.2 Bn and expected to reach a value of US$ 37.0 Bn by 2028 with a significant CAGR of 4.4%.

Smart Textile Market Definition

Basically, a textile is a product shaped and created by weaving yarns or threads into fabric. In the first place, the weaving threads were obtained from plant-based or natural animal fibers. Then as time passed, technology upgraded and modernized, and synthetic fibers replaced the natural fibers as they were stronger, durable, and flexible.

And now, in the present-day world, the advent of programmed communications technology has reached the point where the intensely thin fibers that run through advanced devices such as smartphones and communicate data can be intertwined into cloth textiles. Ultimately, this is what is known as a smart textile comprising a cloth that has advanced computer-based technology interwoven into it.

Smart textiles are the fabric that allows the wearer to involve digital appliances and functions to be equipped in them. The smart textiles are designed with technologically advanced and innovative methods that have the potential to add value and allow the wearer to oversee the movements and several other applications.

Moreover, smart textiles also have the capability to change their color or utilize energy. Owing to which, smart textiles are projected to witness significant demand in the near future.

Smart Textile Market Dynamics

The constantly advancing technology in present times and penetration of modernized technology in various industries has resulted in the development of smart textiles that comprises an advanced computer-based technology woven into it.

Along with that, there has been huge demand among the population for smart technology such as smartphones, smart wrist-watches, and other devices, which is also acting as a positive factor that is expected to fuel the growth of the global smart textiles market in the near future.

In addition to that, smart textiles have an exhilarating demand in several different industries such as in military & defense applications, the healthcare sector, and the sports sector, which further propels the growth of the global smart textiles market.

Apart from that, the unification of principles of nanotechnology in the textile industry is also one of the key factors that are estimated to give a positive boost to the growth of the global smart textiles market during the forecast timeframe.

Furthermore, the growing demand for the miniaturization of electronic elements as well as sophisticated gadgets is also expected to accelerate the growth of the global smart textiles market in the near future. Although the enormous cost of production and no collaborations between market players may restrict the growth of the global smart textiles market in the coming years.

Smart Textile Market Key Players

Some of the key participating players in the smart textile market are:

Google Inc.

Intelligent Clothing Ltd.

International Fashion Machines, Inc.

Interactive Wear AG

Schoeller Textiles AG

Textronics, Inc.

Vista Medical Ltd.

Gentherm Incorporated

Sensoria Inc.

Smart Textile Market Segmentation

The smart textile market is segmented on the basis of function, type, end-user industry, and region.

By Function

Sensing

Energy Harvesting

Luminescence & Aesthetics

Thermo-electricity

Others

By Type

Passive Smart

Active Smart

Ultra-Smart

By End-User Industry

Military and Protection

Architecture

Healthcare

Sports and fitness

Fashion and entertainment

Automotive

Others

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

MMC Overview on Smart Textile Market Report

The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.

A research report on the Smart Textile market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

•    New product designs and launches

•    Current product compliance

•    Reimbursement

•    Concerns for use of Smart Textile

•    Advantages of Smart Textile

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at the regional level and in major countries globally for providing regional insights into the product segment in the report. This helps our clients to make an informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.

1.    Global Smart Textile Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Smart Textile Market Overview

2.1.    Introduction

2.1.1.    Market Definition

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Smart Textile Market Snapshot

2.4.    Global Smart Textile Market Size and Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Smart Textile Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Key Regulations

2.7.    Porter’s Five Forces Model

3.    Global Smart Textile Market, By Function

3.1.    Introduction

3.1.1.    Annual Growth Rate Comparison, By Function

3.1.2.    BPS Analysis, By Function

3.2.    Market Revenue (US$Mn) Forecast, By Function

3.2.1.    Sensing

3.2.2.    Energy Harvesting

3.2.3.    Luminescence & Aesthetics

3.2.4.    Thermo-electricity

3.2.5.    Others

3.3.    Global Smart Textile Market Attractiveness Index, By Function

4.    Global Smart Textile Market, By Type

4.1.    Introduction

4.1.1.    Annual Growth Rate Comparison, By Type

4.1.2.    BPS Analysis, By Type

4.2.    Market Revenue (US$Mn) Forecast, By Type

4.2.1.    Passive Smart

4.2.2.    Active Smart

4.2.3.    Ultra-Smart

4.3.    Global Smart Textile Market Attractiveness Index, By Type

5.    Global Smart Textile Market, By End User Industry

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By End User Industry

5.1.2.    BPS Analysis, By End User Industry

5.2.    Market Revenue (US$Mn) Forecast, By End User Industry

5.2.1.    Military and Protection

5.2.2.    Architecture

5.2.3.    Healthcare

5.2.4.    Sports and fitness

5.2.5.    Fashion and entertainment

5.2.6.    Automotive

5.2.7.    Others

5.3.    Global Smart Textile Market Attractiveness Index, By End User Industry

6.    Global Smart Textile Market, By Region

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Region

6.1.2.    BPS Analysis, By Region

6.2.    Market Revenue (US$Mn) Forecast, By Region

6.2.1.    North America

6.2.2.    Latin America

6.2.3.    Europe

6.2.4.    Asia Pacific

6.2.5.    Middle East

6.2.6.    Africa

6.3.    Global Smart Textile Market Attractiveness Index, By Region

7.    North America Smart Textile Market Analysis and Forecast, 2020–2028

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Country

7.1.2.    BPS Analysis, By Country

7.2.    Market Revenue (US$Mn) Forecast, By Country

7.2.1.    U.S. Smart Textile Market

7.2.2.    Canada Smart Textile Market

7.3.    North America Smart Textile Market, By Function

7.3.1.    Sensing

7.3.2.    Energy Harvesting

7.3.3.    Luminescence & Aesthetics

7.3.4.    Thermo-electricity

7.3.5.    Others

7.4.    North America Smart Textile Market, By Type

7.4.1.    Passive Smart

7.4.2.    Active Smart

7.4.3.    Ultra-Smart

7.5.    North America Smart Textile Market, By End User Industry

7.5.1.    Military and Protection

7.5.2.    Architecture

7.5.3.    Healthcare

7.5.4.    Sports and fitness

7.5.5.    Fashion and entertainment

7.5.6.    Automotive

7.5.7.    Others

7.6.    North America Smart Textile Market Attractiveness Index

7.6.1.    By Country

7.6.2.    By Function

7.6.3.    By Type

7.6.4.    By End User Industry

8.    Latin America Smart Textile Market Analysis and Forecast, 2020–2028

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Country

8.1.2.    BPS Analysis, By Country

8.2.    Market (US$Mn) Forecast, By Country

8.2.1.    Brazil Smart Textile Market

8.2.2.    Mexico Smart Textile Market

8.2.3.    Argentina Smart Textile Market

8.2.4.    Rest of Latin America Smart Textile Market

8.3.    Latin America Smart Textile Market, By Function

8.3.1.    Sensing

8.3.2.    Energy Harvesting

8.3.3.    Luminescence & Aesthetics

8.3.4.    Thermo-electricity

8.3.5.    Others

8.4.    Latin America Smart Textile Market, By Type

8.4.1.    Passive Smart

8.4.2.    Active Smart

8.4.3.    Ultra-Smart

8.5.    Latin America Smart Textile Market, By End User Industry

8.5.1.    Military and Protection

8.5.2.    Architecture

8.5.3.    Healthcare

8.5.4.    Sports and fitness

8.5.5.    Fashion and entertainment

8.5.6.    Automotive

8.5.7.    Others

8.6.    Latin America Smart Textile Market Attractiveness Index

8.6.1.    By Country

8.6.2.    By Function

8.6.3.    By Type

8.6.4.    By End User Industry

9.    Europe Smart Textile Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market (US$Mn) Forecast, By Country

9.2.1.    U.K. Smart Textile Market

9.2.2.    Germany Smart Textile Market

9.2.3.    Italy Smart Textile Market

9.2.4.    France Smart Textile Market

9.2.5.    Spain Smart Textile Market

9.2.6.    Russia Smart Textile Market

9.2.7.    Poland Smart Textile Market

9.2.8.    BENELUX Smart Textile Market

9.2.9.    NORDIC Smart Textile Market

9.2.10.    Rest of Europe Smart Textile Market

9.3.    Europe Smart Textile Market, By Function

9.3.1.    Sensing

9.3.2.    Energy Harvesting

9.3.3.    Luminescence & Aesthetics

9.3.4.    Thermo-electricity

9.3.5.    Others

9.4.    Europe Smart Textile Market, By Type

9.4.1.    Passive Smart

9.4.2.    Active Smart

9.4.3.    Ultra-Smart

9.5.    Europe Smart Textile Market, By End User Industry

9.5.1.    Military and Protection

9.5.2.    Architecture

9.5.3.    Healthcare

9.5.4.    Sports and fitness

9.5.5.    Fashion and entertainment

9.5.6.    Automotive

9.5.7.    Others

9.6.    Europe Smart Textile Market Attractiveness Index

9.6.1.    By Country

9.6.2.    By Function

9.6.3.    By Type

9.6.4.    By End User Industry

10.    Asia Pacific Smart Textile Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) Forecast, By Country

10.2.1.    China Smart Textile Market

10.2.2.    India Smart Textile Market

10.2.3.    Japan Smart Textile Market

10.2.4.    Australia and New Zealand Smart Textile Market

10.2.5.    South Korea Smart Textile Market

10.2.6.    ASEAN Smart Textile Market

10.2.7.    Rest of Asia Pacific Smart Textile Market

10.3.    Asia Pacific Smart Textile Market, By Function

10.3.1.    Sensing

10.3.2.    Energy Harvesting

10.3.3.    Luminescence & Aesthetics

10.3.4.    Thermo-electricity

10.3.5.    Others

10.4.    Asia Pacific Smart Textile Market, By Type

10.4.1.    Passive Smart

10.4.2.    Active Smart

10.4.3.    Ultra-Smart

10.5.    Asia Pacific Smart Textile Market, By End User Industry

10.5.1.    Military and Protection

10.5.2.    Architecture

10.5.3.    Healthcare

10.5.4.    Sports and fitness

10.5.5.    Fashion and entertainment

10.5.6.    Automotive

10.5.7.    Others

10.6.    Asia Pacific Smart Textile Market Attractiveness Index

10.6.1.    By Country

10.6.2.    By Function

10.6.3.    By Type

10.6.4.    By End User Industry

11.    Middle East Smart Textile Market Analysis and Forecast, 2020–2028

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) Forecast, By Country

11.2.1.    GCC Countries Smart Textile Market

11.2.2.    Israel Smart Textile Market

11.2.3.    Oman Smart Textile Market

11.2.4.    Rest of Middle East Smart Textile Market

11.3.    Middle East Smart Textile Market, By Function

11.3.1.    Sensing

11.3.2.    Energy Harvesting

11.3.3.    Luminescence & Aesthetics

11.3.4.    Thermo-electricity

11.3.5.    Others

11.4.    Middle East Smart Textile Market, By Type

11.4.1.    Passive Smart

11.4.2.    Active Smart

11.4.3.    Ultra-Smart

11.5.    Middle East Smart Textile Market, By End User Industry

11.5.1.    Military and Protection

11.5.2.    Architecture

11.5.3.    Healthcare

11.5.4.    Sports and fitness

11.5.5.    Fashion and entertainment

11.5.6.    Automotive

11.5.7.    Others

11.6.    Middle East Smart Textile Market Attractiveness Index

11.6.1.    By Country

11.6.2.    By Function

11.6.3.    By Type

11.6.4.    By End User Industry

12.    Africa Smart Textile Market Analysis and Forecast, 2020–2028

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market (US$Mn) Forecast, By Country

12.2.1.    South Africa Smart Textile Market

12.2.2.    Egypt Smart Textile Market

12.2.3.    North Africa Smart Textile Market

12.2.4.    Rest of Africa Smart Textile Market

12.3.    Africa Smart Textile Market, By Function

12.3.1.    Sensing

12.3.2.    Energy Harvesting

12.3.3.    Luminescence & Aesthetics

12.3.4.    Thermo-electricity

12.3.5.    Others

12.4.    Africa Smart Textile Market, By Type

12.4.1.    Passive Smart

12.4.2.    Active Smart

12.4.3.    Ultra-Smart

12.5.    Africa Smart Textile Market, By End User Industry

12.5.1.    Military and Protection

12.5.2.    Architecture

12.5.3.    Healthcare

12.5.4.    Sports and fitness

12.5.5.    Fashion and entertainment

12.5.6.    Automotive

12.5.7.    Others

12.6.    Africa Smart Textile Market Attractiveness Index

12.6.1.    By Country

12.6.2.    By Function

12.6.3.    By Type

12.6.4.    By End User Industry

13.    Recommendation

13.1.    Market Strategy

14.    Competitive Landscape

14.1.    Competition Dashboard

14.2.    List and Company Overview of Global Key Players

14.3.    Company Profiles

14.3.1.    Google Inc.

14.3.1.1.    Company Overview

14.3.1.2.    Financial Overview

14.3.1.3.    Function Portfolio

14.3.1.4.    Key Developments

14.3.1.5.    Business Strategies

14.3.2.    Intelligent Clothing Ltd.

14.3.3.    International Fashion Machines, Inc.

14.3.4.    Interactive Wear AG

14.3.5.    Schoeller Textiles AG

14.3.6.    Textronics, Inc.

14.3.7.    Vista Medical Ltd.

14.3.8.    Textronics, Inc.

14.3.9.    Gentherm Incorporated

14.3.10.    Sensoria Inc.

15.    Acronyms