Global Smart Fabrics Market Report and Forecast 2024-2032

Global Smart Fabrics Market Report and Forecast 2024-2032

Global Smart Fabrics Market Report and Forecast 2024-2032

Market outlook

According to the report by Expert Market Research (EMR), the smart fabrics market size reached a value of USD 4.76 billion in 2023. Aided by the increasing demand for innovative textile solutions and the growing applications of smart fabrics across various sectors, the market is projected to further grow at a CAGR of 18.7% between 2024 and 2032 to reach a value of USD 22.30 billion by 2032.

Smart fabrics, also known as e-textiles or intelligent textiles, integrate advanced technologies into traditional fabrics to provide enhanced functionality. These fabrics are designed to sense and respond to environmental conditions or stimuli, such as temperature, humidity, light, and movement. Smart fabrics are used in various applications, including healthcare, sports and fitness, fashion, military, and automotive, offering benefits such as improved performance, comfort, and safety.

The increasing demand for innovative textile solutions is driving the smart fabrics market growth. With the growing awareness of the benefits of smart fabrics, there has been a significant shift towards the adoption of these advanced textiles in various industries. Smart fabrics offer enhanced functionality, including temperature regulation, moisture management, and real-time monitoring, making them ideal for applications in healthcare, sports, and fashion.

The rising trend of wearable technology and the growing adoption of IoT (Internet of Things) also play a significant role in the market's growth. As more consumers and sector embrace wearable technology, there is a growing demand for smart fabrics that can seamlessly integrate with wearable devices. These fabrics provide real-time data and connectivity, enhancing the functionality and user experience of wearable technology.

The expanding applications of smart fabrics in various sectors significantly contribute to the market's growth. In the healthcare sector, smart fabrics are used to develop wearable health monitors and medical garments that can track vital signs, detect health anomalies, and provide real-time data to healthcare providers. The increasing focus on remote patient monitoring and the growing demand for advanced healthcare solutions have driven the adoption of smart fabrics in the healthcare sector, consequently driving up the smart fabrics market share.

In the sports and fitness sector, smart fabrics are employed to develop performance-enhancing sportswear and fitness garments that can monitor physical activity, track performance metrics, and provide real-time feedback to athletes. The rising trend of fitness and the growing emphasis on performance optimisation have boosted the demand for smart fabrics in the sports and fitness sector.

In the fashion sector, smart fabrics are used to create interactive and adaptive clothing that can change colour, light up, or provide haptic feedback based on environmental conditions or user preferences. The increasing demand for innovative and customisable fashion solutions has driven the adoption of smart fabrics in the fashion sector.

As per the smart fabrics market analysis, North America holds a significant share in the market, driven by the presence of leading technology companies and a well-established innovation ecosystem in the region. The increasing adoption of wearable technology and the rising focus on advanced healthcare solutions have boosted the demand for smart fabrics in North America. Moreover, the region's strong focus on research and development and the presence of a robust textile sector further support market growth.

Sensing functions represent the largest segment, driven by the high demand for smart fabrics that can monitor and respond to environmental conditions and physical activities. Energy harvesting and luminescent functions are also significant, catering to specific applications such as wearable health monitors and interactive clothing.

Market Segmentation

The market can be divided based on function, end use, and region

Market Breakup by Function

• Sensing
• Energy Harvesting
• Luminescence and Aesthetics
• Thermoelectricity
• Others

Market Breakup by End Use

• Sports and Fitness
• Fashion and Entertainment
• Medical
• Transportation
• Protection and Military
• Others

Market Breakup by Region

• North America
• Europe
• Latin America
• Middle East and Africa
• Asia Pacific

Competitive landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global smart fabrics market. some of the major players explored in the report by expert market research are as follows:

• Schoeller Textil AG
• Interactive Wear AG
• AiQ Smart Clothing Inc.
• NIKE Inc.
• Osmotex AG
• Sensoria
• OTEX Specialty Narrow Fabrics, Inc
• Jabil Circuit, Inc.
• EXO2 The Heat Inside
• Applycon, s. r. o.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.