Smart Textile Market Size, Share Global Analysis Report, 2019–2026

Industry Insights

[180+ Pages Report] According to the report published by Facts Factors, the global smart textile market size was worth around USD 1.1 Billion in 2019 and is predicted to grow to around USD 7.2 Billion by 2026 with a compound annual growth rate (CAGR) of roughly 30.4% between 2020 and 2026. The report analyzes the global smart textile market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the smart textile market.

This professional and specialized report study examines the technical and business perspective of the smart textile industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the smart textile market. The report study analyzes the market statistics at the global as well as the regional levels to gain an in-depth perspective of the overall smart textile market. The historical insights are provided from 2016 to 2019 and projected trends are provided from 2020 to 2026. The quantitative data is provided in terms of both volume (Tons) and value (USD Million) for 2016 – 2026. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.

We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the smart textile market in our study.

Key Insights from Primary Research

• The smart textile market is set to grow annually at a rate of around 30.4% as per our primary research
• It was established through primary research that the smart textile market was valued at around USD 1.1 billion in 2019
• North America held the largest market share of the smart textile market in 2018
• The “Passive” category, on the basis of fiber product segmentation, was the leading revenue-generating in 2018
• The “Sensing” category, on the basis of functionality segmentation, was the leading revenue-generating in 2018

Key Recommendations from Analysts

• As per our analysts, the major application of smart textile is anticipated to be in protection and military industry
• New technological developments such as Nano-Technology are anticipated to create a new opportunity for the smart textile market in the future
• The Asia Pacific is expected to grow at a steady-state in the upcoming years
• Asian countries such as China and India are anticipated to be converted into manufacturing hubs in the upcoming years
• Decreasing manufacturing costs of electronics is anticipated to boost the smart textiles market in the upcoming years

Global Smart Textile Market Share- 2018

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the smart textile market. It also encompasses PESTLE analysis and SWOT analysis.

The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the smart textile market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the smart textile market.

The research study provides a critical assessment of the smart textile industry by logically segmenting the market on the basis of product, end-use, functionality, and regions. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the smart textile industry includes the holistic bifurcation of all the five major continents including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

The development of new technologies such as nanotechnology and Bluetooth Low Energy (BLE) technology is attributed to the development of the smart textiles market. Similarly, the decreasing manufacturing costs of electronics is anticipated to boost the smart textiles market in the upcoming years. Innovative intelligent fabric with the ability to generate power to light clothes was invented in Portugal by the Center of Nanotechnology and Smart Materials (CeNTI). Such innovations prove to create new opportunities for smart textile markets in the future.

The smart textile market is segmented based on product, end-use, and functionality. On the basis of product segmentation, the market is classified into Passive, Active, Very Smart. In terms of end-use segmentation, the market is bifurcated into Fashion & Entertainment, Sports & Fitness, Medical, Transportation, Protection & Military, Architecture. On the basis of functionality segmentation, the market is classified into sensing, Energy Harvesting, Luminescence & Aesthetics, Thermoelectricity, and others.

Report Scope

Some of the leading players in the global market include

• AiQ Smart Clothing Inc.
•  EXO2
•  Mide Technology Corporation
•  OhmatexApS
•  Thermosoft International Corporation
• Adidas AG
• Clothing+ (Jabil Circuit, Inc.)
• Gentherm Inc.
• Nike  Inc.
• Sensing Tex SL
• and others.

This report segments the smart textile market as follows:

By Product Segment Analysis

• Passive
• Active
• Very Smart

By End-Use Segment Analysis

• Fashion & Entertainment
• Sports & Fitness
• Medical
• Transportation
• Protection & Military
• Architecture

By Functionality Segment Analysis

• Sensing
• Energy Harvesting
• Luminescence & Aesthetics
• Thermoelectricity
• Others

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Germany
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
• The Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America

KEY BUSINESS POINTERS ADDRESSED & FOREMOST REASONS TO PROCURE THE REPORT:

• Statistical Analysis of the Past, Current, and Future Trends of the Industry with Validated Market Sizes Data
• Direct and Indirect Rationales Impacting the Industry
• In-depth and Micro Analysis of Viable Segments and Sub-segments
• Companies and Vendors Market Share, Competitive Landscape, and Player Positioning Analysis
• Demand Side (Consumption) and Supply Side (Production) Perspective and Analysis wherever applicable
• Key Buyers and End-Users Analysis
• Value Chain and Manufacturing Cost Structure Analysis wherever relevant
• Key Marketing Strategies as well as Key Sales Channels adopted in the market
• Investment Opportunity Analysis & Patents Analysis wherever feasible
• Technological Road Map & Technical Analysis
• Robust Research Methodology comprising dynamic mix (65%~35%) of Extensive Primary Research (primary interviews, ad-hoc surveys, questionnaires) and Protracted Secondary Research (proprietary in-house database, paid external databases, publically available validated sources)