SMART AND INTERACTIVE TEXTILES MARKET ANALYSIS

Smart and interactive textiles have the ability to change a dull or drab room to a room that is creative, artistic, and comfortable. There are many fabrics In the market; however, smart and interactive textiles stand out because of their interesting uses and interesting fabrics that can be used. Textiles that are smart and interactive have the ability to perform and execute multiple tasks in the room such as controlling lighting, heating, humidity, sound, ventilation, temperature, personal spaces, and more.

Market Dynamics

Increasing demand from healthcare and sports & fitness application is a key factor fostering growth of the smart and interactive textiles market. Technological advancement is another major factor propelling the market growth. For instance, in May 2021, Nextiles, a Kolkata based fashion brand, focuses on transforming traditional handwork into styles that suit the urban needs has launched into the sports and performance market to provide smart thread technology that captures biometric and biomechanics data.

Rising adoption of smart & interactive textiles for passenger comfort & safety will accelerate the smart and interactive textiles market share in the coming few years. The fibers are used to manufacture components for automobiles, ships, trains, and aircraft. These materials are employed to improve the overall functionality of automobiles and components such as belts, carpets, tires, and seats. Textiles account for almost 2% of the total motor car weight. Rising trend of customization for personal vehicles and the purchase power of consumers will also support market growth.

Increasing demand for smart fabrics as leisurewear is expected to be one of the major trends in the market. This is also attributed to the growing disposable income of the consumer which is encouraging them to spend on leisure products. Also changing lifestyles of the consumers coupled with the growth in the urban population around the globe due to the gradual shift from rural to urban areas is further expected to propel the market growth

 Key features of the study:

• This report provides an in-depth analysis of global smart and interactive textiles market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global smart and interactive textiles market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include E.I du Pont de Nemours and Company, Fibretronic Limited, Globe Manufacturing Company, LLC, Heapsylon LLC, Intelligent Clothing Ltd., Interactive Wear AG, Koninklijke Ten Cate nv, Milliken & Company, Outlast Technologies, Inc., Performance Fibers, Inc., and Schoeller Textil AG
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
• The global smart and interactive textiles market report caters to various stakeholders in this industry including investors, suppliers, smart and interactive textiles manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global smart and interactive textiles market

Detailed Segmentation:

• Global Smart and Interactive Textiles Market, By Application:
  • Industrial
  • Military and defense
  • Medical and healthcare
  • Retail and consumer
  • Transportation
  • Others
• Global Smart and Interactive Textiles Market, By Region:
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • Middle East
    • Africa                        
• Company Profiles
  • E.I du Pont de Nemours and Company *
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Fibretronic Limited
  • Globe Manufacturing Company, LLC 
  • Heapsylon LLC 
  • Intelligent Clothing Ltd.
  • Interactive Wear AG 
  • Koninklijke Ten Cate nv 
  • Milliken & Company 
  • Outlast Technologies, Inc.
  • Performance Fibers, Inc.
  • Schoeller Textil AG

 “*” marked represents similar segmentation in other categories in the respective