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Smart Textiles Market to Reach USD 8.85 billion by 2028, Exhibit a CAGR of 22%.

Impact of COVID-19 on Smart Textiles Market:

The smart textiles market has been witnessing significant growth over the years. The market for smart textiles is being driven by the incorporation of cutting-edge technologies, the shrinking of electronic components, and the expansion of the wearable electronics sector. The market for smart textiles has been disrupted by the abrupt COVID-19 pandemic breakout, particularly in 2020 and 2021. Companies are now using remote working methods as a result of the pandemic. Lockdowns have been implemented in nearly all of the major nations to stop the spread of COVID-19, however this has disrupted the supply chain and stopped manufacturing activity, delaying production. The demand for sports and fitness apparel/accessories integrated with smart applications and sensors that can monitor heart rate and oxygen level, however, has increased as a large portion of the global population is working from home and prefers to perform fitness activities indoors due to social distancing guidelines, which is expected to boost the growth of the smart textiles market. Additionally, during the pandemic crisis, hospitals in some nations, including the US, are adopting smart textiles in a variety of ways, including heated blankets and socks.

Read More: https://introspectivemarketresearch.com/reports/smart-textiles-market/

Global Smart Textiles Market Overview

Each object that is being created from fibres or threads into fabric is referred to as a textile. It is primarily made of natural fibres of either animal or plant origin. Textiles have changed over time and via technology advancements from being merely a piece of cloth or fabric to something that may be both attractive and practical as well as responsive. These fabrics are referred to as smart textiles, e-textiles (electronic textiles), intelligent textiles, or functional fabrics because of their exceptional performance. Additionally, to detect electrical, magnetic, thermal, mechanical, temperature, or chemical changes in the surroundings, smart textiles use heat, electrical, chemical, magnetic, or other detection devices. Furthermore, it is projected that the growing acceptance and use of electronic wearables would be particularly advantageous for smart textiles.

The Global Smart Textiles market was valued at USD 2.20 billion in 2021 and is expected to reach USD 8.85 billion by the year 2028, at a CAGR of 22%.

 Smart Textiles

Players Covered in Smart Textiles Market are:

  • Adidas AG (Germany)
  • DuPont de Nemours Inc.(US)
  • Alphabet (US)
  • International Fashion Machines Inc.(U.S.)
  • Jabil (US)
  • Texas Instruments Incorporated. (US)
  • Sensoria Inc. (U.S.)
  • Intelligent Clothing Ltd. (U.K.)
  • Schoeller Textiles AG (Switzerland)
  • Interactive Wear AG (Germany)
  • Ohmatex A/S (Denmark)
  • Textronics
  • Design Systems (I) Pvt. Ltd. (U.S.)
  • Google Inc. (U.S.)
  • Vista Medical Ltd. (Canada)
  • Gentherm Incorporated (U.S.)
  • AIQ Smart Clothing (Taiwan)
  • Outlast Technologies (US)
  • Hexoskin (Canada) and other Major Players.

 

Global Smart Textiles Market
Base Year: 2021 Forecast Period: 2022-2028
Historical Data: 2016 to 2020 Market Size in 2021: USD 2.20 Bn.
Forecast Period 2022-28 CAGR: 22% Market Size in 2028: USD 8.85 Bn.
Segments Covered: By Type ·         Passive

·         Active/Ultra-smart

By Function ·         Sensing

·         Energy Harvesting

·         Thermoelectricity

·         Luminescent

·         Other

By Application ·         Military & Defense

·         Healthcare

·         Entertainment

·         Automotive

·         Sports & Fitness

·         Other

By Region ·         North America (U.S., Canada, Mexico)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

·         Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

·         South America (Brazil, Argentina, Rest of SA)

Key Market Drivers: ·         Increased Requirements for Smartwatches and Wristbands
Key Market Restraints: ·         Poor Standard and Regulations
Key Opportunities: ·         Development of Multi Featured and Hybrid Smart Textile
Companies Covered in the report: ·         Adidas AG (Germany), DuPont de Nemours Inc. (US), Alphabet (US), International Fashion Machines Inc. (U.S.), Jabil (US), and other major players.

 

Opportunity: Creation of hybrid, multifunctional smart textiles

People frequently own numerous mobile devices, including smartphones and tablets, and they are also on the lookout for small gadgets that can combine all of the computing and monitoring functions into a single unit. This offers a chance for the creation of hybrid smart textiles with several functions, which not only make users’ lives easier but also bring about wearable device convergence. For instance, to dynamically connect multiple wearable gadgets at once, researchers at the National University of Singapore (NUS) have put conductive textiles into garments. Devices may send data using signals that are 1,000 times stronger than those of standard technologies thanks to this wireless body sensor network. They are anticipated to be employed in medical procedures, health monitoring, and human-machine interactions.

Challenge: Thermal considerations and product protection

Wearable smart textiles, such as smart shirts and health monitors, work well in harsh environments with dampness and dust. Materials used for assembly and packaging are still susceptible to moisture and temperature outside. Based on user comfort levels and needs for reliability, the device’s operating temperature is chosen. These thermal design difficulties are substantial enough because they are necessary for the product’s comfort and durability.

Key Industry Developments In Smart Textiles Market

  • In September 2021, Gentherm a global market leader and developer of innovative thermal management technologies declared that it has invested in Forciot, a Finnish-based technology designer of sensors for touch, motion, and force measurement. The technology being designed by Forciot has the potential to be united into vehicle interiors, incorporating into steering wheels for Hands-on Detection (HOD) functionality for Advanced Driver Assistance Systems (ADAS). Fortinet’s innovative stretchable and printed sensors and advanced electronics are focused to support accurately measuring touch, motion, and force. Forciot’s sensors may be utilized to sense an occupant’s presence and potentially to replace buttons and other Human-Machine Interfaces (HMI) within vehicle interiors.
  • In February 2021, DuPont has appropriated Tex Tech’s Core Matrix Technology, a monolithic fabric structure that can significantly overcome backface trauma, while rising ballistic and fragmentation performance for military and law enforcement personnel. This accession will add to the company’s already vigorous portfolio of life protection solutions, allowing the most flexible, lightweight ballistic solutions to accomplish new standards of the National Institute of Justice (NIJ) for improved durability. Additionally, improved protection, the latest technology also increases the comfort of wearing bullet-resistant body armor.
  • In October 2020, it has been over four years since Project Jacquard, Google’s smart fabric technology, made its debut at the I/O developer conference. Introduced out of what was then Google’s ATAP unit, Jacquard is currently best known for being accessible on Levi’s jeans jackets, but Saint Laurent also introduced its $1,000 Cit-e Backpack with built-in Jacquard technology. Google has launched the fourth product to the Jacquard lineup with the introduction of the Samsonite Konnect-i backpacker, which, at $200 for the slim version and $220 for the Standard edition, is a bit friendlier on the wallet than the Saint Laurent backpack.

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