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Smart Textiles for Wearable Technology Market (Raw Materials - Yarn, Conductive Inks, Conductive Metals, Conductive Polymers, and Others; Technologies - Weaving or Knitting, Disposition of Conductive Polymers, and Printing Conductive Inks; Functions - Power Generation or Storage, Sensing, Radio Frequency Functioning, and Others; Applications - Military and Safety Protection Applications, Home and Architectural Applications, Healthcare, Sports and Fitness Wear, Fashion Wear, Transportation, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

  • Published : May, 2022

  • Rep Id : IS0021

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report ongoing study by Infinium Global Research on smart textiles for the wearable technology market provides an in-depth analysis of segments and sub-segments in the global as well as regional smart textiles for the wearable technology market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional smart textiles for the wearable technology market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of global smart textiles for the wearable technology market. According to the report, the global smart textiles for wearable technology market is projected to grow at a significant CAGR over the forecast period of 2022-2028.

 

Market Insight

Smart textiles include conductive materials such as silver, copper, and nickel. The smart fibers are manufactured by using yarn with woven or knitted interactive materials, which can interact with the environment or the user. Such textiles are also referred to as e-textiles. Smart fabric is a traditional fabric with added interactive functionality such as power generation or storage, sensing, radio frequency functioning, human interface elements, and/or assistive technology. Globally the smart textile for wearable technology market is growing at a rapid pace. Globally, the smart textiles were manufactured using woven or knitting technologies; however, with the advancements in printed electronics, conductive inks can be printed on textiles. DuPont has invented conductive inks that can be printed on textiles and can be used for a longer period of time.

 

Currently, the global smart textiles for wearable technology market are expected to grow at a rapid pace. The growth in this market can be acknowledged to the drivers such as the growing wearable electronics market, growing popularity of smart gadgets with advanced features, and growing demand for low-cost smart sensors. Moreover, emerging technologies like artificial intelligence (A.I.) and the Internet of Things (IoT) have transformed the textile industry, contributing to the market’s growth. In addition, the production of smart apparel is enabled by A.I., which will leverage IoT and electronic sensors to create an excellent user experience and drive the market’s growth. However, the growth in this market is expected to be restrained by the high cost of production of smart textiles and compatibility issues. As per the study, a majority of the revenue in the global smart textiles for wearable technology comes from its military and safety applications, followed by home and architectural applications. Among the geographies Asia Pacific region is expected to grow at the highest CAGR over the forecast period.

 

The outbreak of COVID-19 has impacted the demand for intelligent textiles, which harmed the market. Due to the pandemic, the companies were working remotely due to the imposition of lockdown in almost all the major countries. Furthermore, supply chain disruption and halted manufacturing activities caused by the COVID-19 also result in delayed production. Moreover, the demand for sports and fitness apparel/accessories integrated with intelligent applications and sensors is hampered. A large share of the global population is working from home and prefers to perform fitness activities indoors, attributed to social distancing guidelines. However, the demand for sports and fitness apparel/accessories integrated with intelligent applications and sensors that can monitor heart rate and oxygen level has increased due to the pandemic, which is projected to boost the growth of the smart textiles market

 

Geographically, North America is expected to lead the smart textiles for wearable technology market by accounting for the highest CAGR. The increased demand for smart textiles in the U.S., especially from the military and protection, healthcare, and sports and fitness verticals, is the prime factor expected to drive the market’s growth in this region. Moreover, the presence of crucial textile manufacturers such as DuPont (U.S.), Gentherm (U.S.), Sensoria (U.S.), Alphabet (U.S.), and Jabil (U.S.) are also expected to contribute to the growth of the market.

 

Segment Covered

The report on the global smart textiles for wearable technology market covers segments such as raw materials, technologies, functions, and applications. On the basis of raw materials, the sub-markets include yarn, conductive inks, conductive metals, conductive polymers, and others. On the basis of technologies, the sub-markets include weaving or knitting, disposition of conductive polymers, and printing conductive inks. On the basis of functions, the sub-markets include power generation or storage, sensing, radio frequency functioning, and others. On the basis of applications, the sub-markets include military and safety protection applications, home and architectural applications, healthcare, sports and fitness wear, fashion wear, transportation, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Google Inc. E.I. DuPont De Nemours and Co., Milliken & Company, Intelligent Clothing Ltd., Interactive Wear AG., Ohmatex ApS, Outlast Technologies LLC, Texas Instruments Inc., Schoeller Technologies AG., Vista Medical Ltd, and Textronics, Inc.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of smart textiles for wearable technology market. Moreover, the study highlights current market trends and provides forecast from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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