Global E-Textiles And Smart Clothing Market Share Is Expected To Grow At A CAGR Of 32.35% By 2028

20-Sep-2022 | Facts and Factors

According to Facts and Factors, the global e-textiles and smart clothing market size was worth around USD 1725.27 million in 2021 and is predicted to grow to around USD 15019 million by 2028 with a compound annual growth rate (CAGR) of roughly 32.35% between 2022 and 2028.

Global E-Textiles And Smart Clothing Market Size

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E-textiles are clothing materials that are embedded with electrical items ranging from lights to sensors while smart clothing materials are fabrics that have undergone intense technological changes to impart them with higher and more advanced properties than their traditional counterparts. While smart fabrics are more specifically used for wearable items, e-textile can be used as space-decoration items as well. Although the basic materials that are building blocks of e-textiles have been in existence for more than 10 decades, with recent technical growth and high adoption rate of electronics and electrical items amongst the population, manufacturers have been investing heavily in research and development to combine two of the most utilized items across the globe.

Browse the full “E-Textiles And Smart Clothing Market Size, Share, Growth Analysis Report By Industry (Healthcare, Mining, Sports & Fitness, Fashion & Entertainment, Military & Defense, and Others), By Textile Type (Passive Smart, Active Smart, and Ultra-smart), By Product Type (Lower Wear, Upper Wear, Inner Wear, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/e-textiles-and-smart-clothing-market

Some of the most widely accepted benefits of e-textiles and smart clothes include applications in monitoring the vitals of people who work around hazardous substances like nuclear and radioactive items, tracking the movement of soldiers for national security reasons, monitoring health vitals like heart rate, blood pressure to name a few amongst patients, data acquisition during sports training. Even though the cost of the fabrics is currently at the high-end rate, there is a growing consumer list owing to multiple factors associated with the use of smart clothes and e-textiles

Covid-19 impacted the global market cap. Although there was considerable demand for smart clothing in the healthcare sector, the users were quite limited and the loss was the result of delays in collaboration and promotion activities, along with transport restrictions causing issues with the delivery of final goods and raw materials

The global e-textiles and smart clothing market is projected to grow at a high CAGR owing to the wide applications of smart clothing in the fashion industry. With time and the use of technology, the new-age textiles and fabrics can now be incorporated into items that people wear during their day-to-day activities. For instance, in 2015, Ralph Lauren, a global fashion giant, invented a ‘smart shirt’, that was a range of men’s shirts embedded with sensors. It was mainly to be used during sports sessions and cost around USD 250. Many clothing items are made for protection purposes as well. In 2013, a group of Indian students came up with the invention of smart undergarments meant for protection against any unwanted physical attack or molestation activities. The garment could give electrical shock waves to the attackers.

The high cost of materials may restrain the global market growth while the growing use of fabrics in the healthcare segment is expected to provide excellent opportunities. However, low customer awareness is anticipated to challenge the global market expansion.

The global e-textiles and smart clothing market is segmented based on textile type, industry, product type, and region.

Based on textile type, the global market is segmented into passive smart, active smart, and ultra-smart. Active smart textiles are more in demand owing to their energy-transducing capabilities.

Based on industry, the global market segments are healthcare, mining, sports & fitness, fashion & entertainment, military & defense, and others. The global market was led by the sports & fitness segment in 2020 owing to exceptionally high revenues generated by industry giants like Adidas, Asics, and Under Armour catering to the needs of sportsmen. In 2021, Under Armour is estimated to have generated a revenue of USD 5.7 billion.

Based on product type, the global market is divided into lower wear, upper wear, inner wear, and others, where upper wear led the segmental growth owing to higher demand for smart clothing materials like shirts, jackets, and others. A Spacesuit, a brilliant example of e-textiles and smart clothing costs up to USD 150 million, as per estimate.

The global e-textiles and smart clothing market is projected to be led by North America with the highest market share owing to high product penetration and consumer awareness. The US is home to some of the most expensive and high-revenue fashion houses that are investing in smart fabric technology. The high standard of living and presence of multiple high-income groups is an added benefit for regional growth since the affordability rate in these regions is relatively higher than the developing economies. The regional revenue is also driven by the growing efforts of the general population toward adopting a healthy lifestyle aided by the use of smart wearables. The US military is one of the world’s most well-funded defense sectors, thus capable of investing in e-textiles to better protect their soldiers as well as borders. In 2021, the US government spent over USD 801 billion on military technology. In the Asia-Pacific, the growth may be driven by China as it is projected to soon overcome the United States economy.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 1725.27 Million

Projected Market Size in 2028

USD 15019 Million

CAGR Growth Rate

32.35% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Toray Industries, Cityzen Sciences, AiQ Smart Clothing, Owlet, Clothing Plus, Sensoria, Applycon, and others.

Key Segment

By Industry, Textile Type, Product Type, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

Purchase Options

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The global e-textiles and smart clothing market is dominated by players like Toray Industries, Cityzen Sciences, AiQ Smart Clothing, Owlet, Clothing Plus, Sensoria, and Applycon.

Recent Developments:

  • In September 2022, Xiaomi launched a new smart clothes dryer capable of drying and hiding in the ceiling.
  • In December 2020, Samsung announced its plans to expand its product portfolio in India with the launch of smart clothing care solution.

The global e-textiles and smart clothing market is segmented as follows:

By Industry

  • Healthcare
  • Mining
  • Sports & Fitness
  • Fashion & Entertainment
  • Military & Defense
  • Others

By Textile Type

  • Passive Smart
  • Active Smart
  • Ultra-smart

By Product Type

  • Lower Wear
  • Upper Wear
  • Inner Wear
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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