The Importance of Smart Textiles Market in the Internet of Things (IoT)


The Smart Textiles Market is anticipated to expand significantly, with a compound annual growth rate (CAGR) of 23.2%, from USD 2.3 billion in 2021 to USD 6.6 billion by 2026. A new market research report claims that a number of variables, such as the adoption of cutting-edge technologies, the miniaturisation of electronic components, and the growth of the wearable industry, are responsible for the market's expansion for smart textiles. A market impact analysis of COVID-19 is also included in the research. The type, function, vertical, and geographic segments of the smart textiles market are separated. The varieties of smart textiles include active/ultra-smart and passive, and some of its functions include sensing, energy harvesting, thermo-electricity, luminescence, and aesthetics.

The market for smart textiles has been severely impacted by the COVID-19 pandemic, particularly in 2020 and 2021. Companies have been compelled to adopt remote working practises as a result of the epidemic, and lockdowns in important nations have disrupted supply chains and stopped manufacturing operations, delaying production. However, as more people around the world work from home and prefer indoor fitness activities due to social distancing rules, the demand for sports and fitness apparel and accessories with smart applications and sensors that can monitor heart rate and oxygen level has increased. The market for smart textiles is anticipated to increase as a result of this trend.

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Passive smart textile to have a significant market in military and protection vertical during the forecast period

The first generation of smart textiles, known as passive textiles, are capable of sensing stimuli or environmental conditions but are unable to adapt in response to these changes. Due to their toughness, they have a substantial market in the military and protective vertical and include conductive fabrics and optical fiber-embedded fabrics. Examples of passive smart textiles include fabrics with optical sensors, antimicrobial fabric textiles, multilayer composite fibres and textiles, fabrics treated with plasma, ceramic-coated fabrics, conductive fibres, and UV-protective apparel. Major businesses that supply fibres and fabrics used in a variety of applications include DuPont and Outlast Technologies.

Sensing function accounts for largest market share for smart textiles market during the forecast period

Market analysis predicts that over the forecast period, the sensing function would hold the greatest market share in the market for smart textiles. Smart textiles are made of materials that can detect environmental cues or stimuli from mechanical, thermal, chemical, electrical, magnetic, or other sources and respond accordingly. They are equipped with a variety of sensors that can detect pressure, body heat, heart rate, respiration rate, motion, speed, bending, and position. Clothing such as gloves, shirts and trousers can incorporate smart textiles to track the wearer's various health indicators. One of the main purposes for which smart fabrics are utilised is sensing.

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Sports and fitness vertical to have highest CAGR during the forecast period.

During the time of forecasting for the market for smart textiles, the sports and fitness sector is anticipated to have the greatest CAGR. One of the main factors fueling the expansion of this market is the general public's growing awareness of health and fitness. Additionally, it is anticipated that the market for smart textiles in the sports and fitness vertical would expand because to the increased prevalence of diabetes and heart-related illnesses.

North America accounts for the largest share of the smart textiles market during the forecast period

Market analysis predicts that North America will hold the greatest market share for smart textiles during the forecast period. A number of variables, such as technological developments and breakthroughs that have resulted in the creation of new smart textile goods, can be credited for the region's leadership position. The market for smart textiles has expanded in North America in part because to the rising demand for them from the consumer electronics and medical sectors.

The report profiles key players in the smart textiles market and analyzes their market shares. Players profiled in this report are DuPont (US), Alphabet (US), Jabil (US), AIQ Smart Clothing (Taiwan), Sensoria (US), Gentherm (US), Interactive Wear (Germany), Outlast Technologies (US), Adidas (Germany), Hexoskin (Canada), TenCate (Netherlands), Clim8 (France), Nike (US), Sensing Tex (Spain), Thermosoft International (US), Milliken & Company (US), Applycon (US), Peratech (UK), CHARNAUD (South Africa), Footfalls & Heartbeats (UK), Volt Smart Yarns (US), Samsung(South Korea), Ambiotex (Germany), Microsoft (US) and LifeSense Group (Netherlands).

News Covered:

https://www.prnewswire.com/news-releases/smart-textiles-market-worth-6-6-billion-by-2026--exclusive-report-by-marketsandmarkets-301391594.html 

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