The Global Smart Textiles Market is expected to register a CAGR of 18.7% in the forecast period of 2019-2026, raising the initial estimated value from USD 2.07 billion in 2018 to an estimated value of USD 8.18 billion by 2026. This rise can be attributed to the increasing prevalence of wearable devices and monitoring applications in smartphones.
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Smart textiles are cloth/fabric that enables the wearer to include digital accessories and applications to be installed in them. They are developed and innovated with the technologically advanced methods that add value and enable the wearer to monitor their movements and various other applications. They have the ability of changing their colour, or even utilize the energy.
- Innovation and application of textiles in smartphones and other devices for monitoring purpose will drive the market growth
- Implementation of nanotechnology, and applications of wearable devices will also drive the market growth
- High cost of production and environmental footprint will act as a major market restraint
- No collaboration between the players and high level of competition is expected to restrain the market growth
Segmentation: Global Smart Textiles Market
- Active Fabrics
- Passive Smart Fabrics
- Ultra-Smart Fabrics
- Fashion & Entertainment
- Sports & Fitness
- Medical, Transportation
- Protection & Military
- Energy Harvesting
- North America
- South America
- Middle East and Africa
- Rest of Middle East and Africa
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Competitive Analysis: Global Smart Textiles Market
The global smart textiles market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart textiles market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors/Players:
- AiQ Smart Clothing, Google LLC,
- Texas Instruments Incorporated,
- Kolon Industries Inc.,
- Interactive Wear AG,
- adidas AG,
- Koninklijke Ten Cate bv,
- Maggie Orth,
- VISTA MEDICAL LTD.,
- Nike Inc.,
- Thermosoft International Corporation,
- Peratech Holdco Limited,
- Outlast Technologies LLC
Research Methodology: Global Smart Textiles Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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