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Smart Fabrics: Global Strategic Business Report

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    Report

  • 288 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 595582

Global Smart Fabrics Market to Reach $20.6 Billion by 2030

The global market for Smart Fabrics estimated at US$4.5 Billion in the year 2022, is projected to reach a revised size of US$20.6 Billion by 2030, growing at a CAGR of 21.1% over the analysis period 2022-2030. Sensing, one of the segments analyzed in the report, is projected to record a 21.7% CAGR and reach US$8.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Energy Harvesting & Thermoelectricity segment is readjusted to a revised 23.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 20.1% CAGR

The Smart Fabrics market in the U.S. is estimated at US$1.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2030 trailing a CAGR of 20.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.9% and 17.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 14.3% CAGR.

Select Competitors (Total 71 Featured) -

  • AiQ Smart Clothing Inc.
  • Clothing+
  • Dow Inc.
  • EXO2
  • Globe Manufacturing Company LLC
  • Intelligent Clothing Ltd.
  • Interactive Wear AG
  • Marktek Inc.
  • Milliken & Company
  • Ohmatex ApS
  • Outlast Technologies LLC
  • Schoeller Textiles AG
  • Sensoria Inc.
  • Smartex s.r.l
  • Toray Industries Inc.

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Smart Fabrics: When Technology Meets Textile!
  • Recent Market Activity
  • Smart Fabrics - A Nascent Yet High Growth Market
  • Growth Drivers and Market Restraints - In a Nutshell
  • R&D Initiatives, Technology Innovations and Material Advancements: Playing a Critical Role in Expansion of Smart Fabrics Market
  • Promising Future Ahead for the Smart Textiles Market
  • Expanding Applications Bode Well for Smart Fabrics Market
  • Smart T-Shirts & Jackets: Promising Segments in Smart Fabrics Market
  • Developed Markets Hold Ground in Smart Fabrics Market, Developing Economies Positioned for Long-term Growth
  • High Cost, Compatibility & Power Supply Issues, and Privacy Concerns: Major Concerns to Address for the Smart Fabrics Market
  • Integration of Sensors into Garments - A Major Challenge for Smart Fabric Makers
  • Smart Fabrics - Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
  • AiQ Smart Clothing, Inc. (Taiwan)
  • Clothing+ (Finland)
  • DowDuPont, Inc. (USA)
  • EXO2 (USA)
  • Globe Manufacturing Company, LLC (USA)
  • Hexoskin (Canada)
  • Intelligent Clothing Ltd. (UK)
  • Interactive Wear AG (Germany)
  • International Fashion Machines, Inc. (USA)
  • Marktek, Inc. (USA)
  • Milliken & Company (USA)
  • Noble Biomaterials, Inc. (USA)
  • Ohmatex ApS (Denmark)
  • Outlast Technologies LLC (USA)
  • Schoeller Textiles AG (Switzerland)
  • Sensoria, Inc. (USA)
  • Smartex s.r.l (Italy)
  • Toray Industries, Inc. (Japan)
3. MARKET TRENDS & DRIVERS
  • Industry Evolves from Passive to Active to Ultra-Smart Textiles
  • Smart Clothing Transforming the Wearable Technology Products Market
  • Smart Fabrics - the Next Big Wave of Wearables
  • Microencapsulation & Nanotechnology: Harbingers of Future Growth
  • Military - A Lucrative End-Use Sector
  • Increased R&D Initiatives in Smart Textiles for Military Applications
  • Healthcare - The Fastest Growing Application Market for Smart Textiles
  • Smart Textile Applications in Healthcare Industry
  • Smart Clothing Gains Acceptance in Neonatal Monitoring
  • Wearable Biomedical Sensors - A Potential Market Segment
  • Smart Sutures
  • Smart Socks Grow in Demand
  • A Glance at Few Startups in the Smart Medical Textiles Market
  • Telemonitoring for the Elderly: Opportunities for Smart Textiles Market
  • Aging Population: Opportunity for Telemonitoring
  • Smart Fabrics for Transportation Market: The Major End-Use Segment
  • Sports & Fitness - A Significant Revenue Contributor
  • Smart Inner Wear & Socks - Unique Wearables for Sports & Fitness Market
  • New Smart Wearables for Ensure Better Workouts
  • Improving Performance of Athletes in Professional Sports
  • Smart Clothing with Thermal Changes
  • Growing Use in the Fashion Industry Drives Smart Textiles Market
  • An Insight into Select Smart Fashion Brands
  • Ambient Computing Key to Fashion Technology
  • Demand for Smart Textiles in Space Application Grows
  • Energy-Producing Textiles Offer High Growth Potential
  • Smart Workwear - Addressing Needs of Employees in Hazardous Environments
  • Light Conducting Fibers Hold Enormous Potential
  • Self-Cleaning Textiles: The Focus of Innovations in Smart Fabrics Market
  • RMIT University Researchers Develop Self-Cleaning Nano-Enhanced Textiles
  • Smart Fabric Designs: Focus on Simplifying Interactions
  • Actuation and Response Applications Determine Market for SFITs
  • Product Innovations Stimulate Growth in Smart Fabrics Market
  • A Review of Select Product Developments in the Smart Fabric Market
  • A Look at Other Recent Launches/Developments in the Smart Fabric Market
  • Rigorous R&D Investments Spearhead Growth
  • Multidisciplinary Approach to a Complex R&D Structure
  • Public Funding for Smart Textiles R&D
  • A Review of Select Smart Fabric Research Initiatives
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Smart Fabrics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Smart Fabrics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Smart Fabrics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Sensing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Sensing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Sensing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Energy Harvesting & Thermoelectricity by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Energy Harvesting & Thermoelectricity by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Energy Harvesting & Thermoelectricity by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Luminescence & Aesthetics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Luminescence & Aesthetics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Luminescence & Aesthetics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Other Functions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Other Functions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Other Functions by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Military & Protection by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Military & Protection by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Military & Protection by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 23: World Historic Review for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 24: World 16-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Fashion & Entertainment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 26: World Historic Review for Fashion & Entertainment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 27: World 16-Year Perspective for Fashion & Entertainment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for Sports & Fitness by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 29: World Historic Review for Sports & Fitness by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 30: World 16-Year Perspective for Sports & Fitness by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 31: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 32: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 33: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 34: World Smart Fabrics Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Smart Fabrics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Smart Fabrics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Smart Fabrics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Smart Fabrics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Smart Fabrics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Smart Fabrics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Smart Fabrics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
REST OF EUROPE
ASIA-PACIFIC
  • Smart Fabrics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
REST OF WORLDIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • AiQ Smart Clothing Inc.
  • Clothing+
  • Dow Inc.
  • EXO2
  • Globe Manufacturing Company LLC
  • Intelligent Clothing Ltd.
  • Interactive Wear AG
  • Marktek Inc.
  • Milliken & Company
  • Ohmatex ApS
  • Outlast Technologies LLC
  • Schoeller Textiles AG
  • Sensoria Inc.
  • Smartex s.r.l
  • Toray Industries Inc.

Table Information