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
Frequently Asked Questions
What is the projected market size & Compound Annual Growth Rate (CAGR) of the market?
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%.
What are the key factors driving the growth of market?
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.
What segments are covered in market report?
The smart textile market is segmented on the basis of function, type, end-user industry, and region.
What are the key participating players in the market?
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, and Sensoria Inc.
