(MENAFN- GlobeNewsWire - Nasdaq) "Smart Textiles Market: Revolutionizing industries with innovations in wearable technology, healthcare monitoring, and military applications, fueled by advancements in IoT, rising demand for sustainable fabrics, and increasing integration of Electronics in textiles."Austin, Nov. 26, 2024 (GLOBE NEWSWIRE) -- The Smart Textiles market Size Growth was valued at USD 3.6 billion in 2023 and is expected to reach USD 26.1 billion by 2032 and grow at a CAGR of 25.0% over the forecast period 2024-2032.
The Smart Textiles market is driven by technological innovations and shifting consumer preferences. Integrating electronics into fabrics, Smart Textiles enable interactive capabilities, with applications surging in fitness, healthcare, and fashion. Investments in sustainability and wearable technology, supported by entities like the US Department of Energy and European startups, have led to breakthroughs such as health-monitoring fabrics. These advancements are expected to revolutionize healthcare and wellness, with the wearable Smart Textiles segment projected to grow 10% annually by 2025. Focused commercialization efforts by governments and private companies position the market for rapid expansion.
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Smart Textiles Market Report Scope :
| Report Attributes | Details |
| Market Size in 2023 | USD 3.6 billion |
| Market Size by 2032 | USD 26.1 billion |
| CAGR | CAGR of 25.0% by 2024-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Key Growth Drivers | Growing demand for wearable technology across healthcare, sports, and fitness industries fuels the adoption of smart textiles. Increasing emphasis on energy-efficient textiles and sustainability drives smart textiles market expansion. |
Why is the growth of the Smart Textiles market?
The healthcare sector is one of the largest adopters of Smart Textiles, with innovations such as wearable sensors for continuous monitoring of vital signs, health condition tracking, and smart bandages that aid in wound healing. The increasing demand for personalized healthcare solutions has spurred adoption.
Growing Interest in Sports & Fitness: Smart Textiles are being integrated into activewear, such as shirts and shoes that track physical activity, muscle strain, and hydration levels. The rise in health consciousness, coupled with technological advancements, is pushing fitness enthusiasts toward these innovative fabrics.
Technological Innovations in Smart Textiles
| Year | Innovation | Description | Impact on Market |
| 2023 | Smart Fabric Integration | Integration of sensors for real-time health monitoring | Enhanced adoption in healthcare and sportswear markets |
| 2024 | Energy Harvesting Textiles | Textiles capable of harnessing energy from motion or heat | Increased potential for use in military and automotive sectors |
| 2023 | Stretchable Electronics | Development of stretchable and flexible electronics for clothing | Expanded applications in fitness and fashion industries |
| 2022 | Biodegradable Textiles | Introduction of environmentally friendly smart fabrics | Boosted growth in sustainability-focused consumer markets |
| 2024 | Smart Textile for Wound Healing | Smart bandages with built-in sensors for monitoring healing progress | Transformation of healthcare and medical textile market |
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Which segment dominated the Smart Textiles Market
By Type - In 2023, the active/ultra-smart textiles segment dominated the smart textiles market, accounting for approximately 60% of the market share. Its dominance is attributed to advanced functionalities like sensing, energy harvesting, and real-time monitoring, making it essential for healthcare, sports, and fitness applications. For instance, smart clothing equipped with sensors to track heart rate, body temperature, and movement has gained widespread adoption. The growing integration of responsive technologies into fabrics that adapt to environmental or physiological changes has solidified this segment's market leadership.
By End-use Industry
The Healthcare segment dominated the Smart Textiles market in 2023, with an estimated market share of 30% . The healthcare sector's adoption of Smart Textiles continues to grow due to the demand for wearable medical devices and real-time health monitoring solutions. Products like smart bandages, sensor-integrated garments, and fabrics that monitor vital signs are gaining popularity in both consumer and clinical settings. Companies such as Sensoria Health and Textronics have pioneered innovations that integrate health-tracking sensors in everyday wearables, paving the way for this segment to maintain its leadership in the market.
Regional Analysis: North America Dominated the Smart Textiles Market
In 2023, North America dominated the smart textiles market with a 40% market share, driven by key players, strong R&D investments, and high adoption in healthcare, military, and sports. U.S. companies like Gentherm and Textronics lead wearable tech innovations, supported by government funding and growing demand for health monitoring devices.
Asia Pacific, the fastest-growing region with an 18% CAGR, is led by China, India, and Japan. China's government support and rising health awareness drive demand for smart fabrics, while India's wearable tech growth spans healthcare and fashion. Japan focuses on high-tech textiles for sports and military applications.
Recent Developments
April 2024: Crystal International Group Limited launched its innovative“Smart-Fit” denim jeans, collaborating with industry leaders like LYCRA and Advance Denim. The collection features nine pairs of jeans designed to offer a perfect blend of comfort and body-enhancing qualities.
April 2024: Xiaomi unveiled its new Mijia Smart Invisible Clothes Dryer, featuring a built-in 36W light with adjustable color temperature and brightness. The dryer also offers a night light mode for a soft glow, all controllable through the Mijia app.
The Smart Textiles market is projected to experience robust growth over the next decade, driven by technological advancements, the increasing adoption of wearable healthcare devices, and the growing demand for sustainability. The market's growth is also fueled by significant investments in research and development from both government and private sector players.
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1 No. Of Pages: 380 Pages Report
2 Regions/Countries:
North America (3 Countries) Europe (~15 Countries) Asia Pacific (~10 Countries) Latin America (~5 Countries) Middle East & Africa (~5 Countries) (Include Israel)
3 ME Sheet: Market Estimation in Excel Format
4 Company Analysis :
Major 16 companies covered in final report. Additional 5 companies will be covered as per client demand complimentary.
5 Statistical Insights and Trends Reporting:
Vehicle Production and Sales Volumes, 2020-2032, by Region Emission Standards Compliance, by Region Vehicle Technology Adoption, by Region Consumer Preferences, by Region
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Single User License: USD 3350 Enterprise User License: USD 5350 Excel Data Sheet: USD 2350
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