Global Smart Textiles Market Forecasts to 2026: Smart Garments Emerge as Sub-Sets of Wearable Technology

DUBLIN, March 10, 2022 /PRNewswire/ -- The "Smart Textiles - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The global market for Smart Textiles estimated at US$1.8 Billion in the year 2020, is projected to reach a revised size of US$5.9 Billion by 2026, growing at a CAGR of 22% over the analysis period.

Sensing, one of the segments analyzed in the report, is projected to grow at a 20.7% CAGR to reach US$2.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Energy Harvesting segment is readjusted to a revised 22.9% CAGR for the next 7-year period.

This segment currently accounts for a 22% share of the global Smart Textiles market. Fiber optic sensors or optical fiber sensors are tiny and flexible, and since they do not disturb the structural integrity of composite materials, they can be integrated into textiles. Sensors are already being used in textiles for measuring breathing, heart rate, temperature, moisture and movement. The sensing technology allows development of devices that can sense a wide range of physical stimuli of magnetic, electric, acoustic, thermal and mechanical natures, and also enables several sensors to be lined up on a single optical fiber to form distributed sensing systems. Energy harvesting fabrics are expected to convert kinetic energy into electricity from different sources including rain, wind and human movement. Novel materials in this direction are likely to harvest energy by rubbing together to cause friction and transfer of electrons between two material surfaces.

The Smart Textiles market in the U.S. is estimated at US$598.5 Million in the year 2021. The country currently accounts for a 29.67% share in the global market. China is forecast to reach an estimated market size of US$1.1 Billion in the year 2026 trailing a CAGR of 27.4% through the analysis period.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.2% and 19.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 20% CAGR while Rest of European market will reach US$1.4 Billion by the end of the analysis period.

In the global Thermoelectricity segment, USA, Canada, Japan, China and Europe will drive the 21.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$265.5 Million in the year 2020 will reach a projected size of US$1.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$137.4 Million by the year 2026.

Select Competitors (Total 216 Featured) -

• Adidas AG
• AiQ Smart Clothing Inc.
• DuPont de Nemours, Inc.
• Google LLC
• Interactive Wear AG
• International Fashion Machines, Inc.
• Ohmatex A/S
• Schoeller Textil AG
• Sensoria Inc.
• Texas Instruments Incorporated
• Textronics Design Systems (I) Pvt. Ltd.
• Vista Medical Ltd.

Key Topics Covered:

1. MARKET OVERVIEW

• Smart Textiles - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Rising Levels of Unemployment Threatens to Shrink the Middle Class Population, Impacting Industries Dependent on Discretionary Income: Unemployment in the U.S. (In Million)
• Global Garments & Textiles Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
• Sharp Decline in the Number of Tourists Impacts Sports Tourism Related Retail Trade: Global Number of International Tourist Arrivals at Airports Worldwide (In Million) for the Years 2019 & 2020
• Here's Everything You Need to Know About Smart Textiles: Definition, Scope, Types, Features, Benefits & Fabric Innovations

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Smart Garments Emerge as Sub-Sets of Wearable Technology
• The Rise of Wearables: A Review
• What Does This Mean for E-Textiles?
• Wearable Technology Provides the Launchpad for Innovation & Adoption of Smart E-Textiles: Global Number of Wearable Technology Users (In Million) for Years 2019, 2021, 2023, 2025
• Global Wearable Technology Opportunity (In US$ Million) for Years
• Smart Textiles in Healthcare: An Attractive Application Opportunity
• Innovations Remain Crucial for Future Growth
• Energy Harvesting Textiles Key to the Development of Next-Generation Wearable Electronics
• Here's How AI Will Usher In the Era of Intelligent Fabric & Textile Innovation
• Global AI in Fashion Market (In US$ Million) for the Years 2019, 2021, 2023, 2025 & 2027
• The Quest to Create Super Soldiers Drives Interest in Military Smart Textiles
• Here's How Role of Nanotechnology in Smart Fabrics is Getting Bigger

4. GLOBAL MARKET PERSPECTIVE

For more information about this report visit https://www.researchandmarkets.com/r/tudsyx

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