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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Definition of Market/Industry:

Smart and interactive textiles are also known as smart fabrics. These fabrics are low weight and comfortable fabrics. These fabrics improve performance and add aesthetic value to the product. These fabrics are incorporated with the smart technology such as controllers, actuators, and sensor units.

The global smart and interactive textiles market is estimated to be valued at US$ 3,242.4 million in 2021 and is expected to exhibit a CAGR of 12.2% over the forecast period (2021-2028).

Recent Developments:

  • On 9 Feb 2021, Interactive Wear AG launched Project Kickoff Eghi. This is a project within the framework of the “Adaptive Technologies for society – Intelligent interaction between humans and artificial intelligence” programme, sponsored by the German Federal Ministry of Education and Research.
  • On 11 December 2020, Interactive Wear AG, launched new project- Intelligent Optimisation of Artificial Intelligence. This project is part of i-compression research project, the Nursing Research Group of the Geriatrics Research Group at the Charité Universitätsmedizin Berlin has been using Interactive Wear’s MicroHub development system to record motion data, which were then classified by Interactive Wear. The motion patterns that needed to be detected were lying, sitting, standing, walking and climbing stairs, as well as two exercises typically used for mobilisation.
  • On 22 April 2021, global manufacturer Milliken & Company released its third annual corporate sustainability report, entitled Together for Tomorrow. This report, which analyses Milliken’s performance through the lens of its holistic sustainability efforts, highlights its progress towards the 2025 sustainability goals the company set in 2018.

Figure 1. Global Smart and Interactive Textiles Market Value Share (%), by Region, 2020

Smart and Interactive Textiles  | Coherent Market Insights

North America held dominant position in the global smart and interactive textiles market in 2020, accounting for 37.3% share in terms of volume, followed by Asia Pacific and Europe, respectively. North America held the largest share of the global smart and interactive textiles market owing to the strong presence of several industries such as healthcare, military, and transportation.

Drivers:

High demand for smart textiles from the healthcare industry is augmenting the market growth of smart and interactive textiles. Smart textiles offer easy diagnosis and accurate risk assessment. Theses textiles have excellent properties such as comfortable, wearability, and flexibility. Due to all these properties of smart fabrics, they are gaining huge demand from the healthcare industry and this expected to propel the market growth.

Strong demand from sports and fitness applications is expected to foster the market growth of smart and interactive textiles. These fabrics offer an improved design and fashion elements in the finished products. Moreover, key manufacturers such as Adidas AG are incorporating such fabrics in the manufacturing of sports bras and t-shirts with a sensor. Moreover, few fabrics also offer communication and electronic devices such innovations are expected to fuel the market growth.

Market Opportunities

Continuous product innovation by manufacturers in smart fabrics is projected to offer potential market opportunities. For instance, in October 2017, Mitsufuji Corporation has announced the development and launch of disposal smart-wear as a new product of wearable IoT brand hamon. This new product remains not only comfortable to wear but can be used as disposal. It is specially designed for nursing care, it makes users easy to slip on/off, and is also suitable for bedridden residents.

Growing demand for smart fabrics from the aerospace industry that helps in reducing the overall weight and improve the fuel efficiency of the aircraft is expected to offer lucrative opportunities. Rising concern over employee safety across industrial areas coupled with the rapid industrialization across various developing and developed regions is again anticipated to foster the market growth of the smart and interactive textiles over the forecast period.

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Smart and Interactive Textiles Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2021: US$ 3,242.4 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 12.2% 2028 Value Projection: US$ 6,455.0 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: U.K., Germany, France, Italy, Spain, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, ASEAN, South Korea, Australia, and Rest of Asia Pacific
  • Middle East & Africa: GGC, South Africa, Rest of MEA
Segments covered:
  • By Application: Industrial, Military and defense, Medical and healthcare, Retail and consumer, Transportation and Others
Companies covered:

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

Growth Drivers:
  • Increasing demand from healthcare industry
  • Growing technological advancement 
Restraints & Challenges:
  • Limitation on reusability 

Market Trends

The establishment of a new facility by key manufacturers for meeting the rising demand for smart fabrics around the globe is one of the current trends. For instance, in June 2017, Advanced Functional Fabrics of America opened a state-of-the-art facility for prototyping advanced fabrics. A new center for the development and commercialization of advanced fabrics that will offer services such as health monitoring, communications, and dynamic design.

Increasing demand for smart fabrics as leisurewear is expected to be one of the 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 projected to propel the market growth.

Figure 2. Global Smart and Interactive Textiles Market Share, By Application, 2020

Smart and Interactive Textiles  | Coherent Market Insights

Key Takeaways of the Graph:

  • The Transportation application segment held dominant position in the market and accounted for 35.2% share in the global smart and interactive textiles market in 2020. The segment is expected to reach US$ 2,331.6 million in 2028. Some of the recent applications of smart and interactive textiles in the automotive industry, such as the functioning of steering wheels, heating of seats, measuring heart rate, and smart seat belts, offer huge growth potential for this market in the coming years.

Market Restraints

Limitation on reusability of the smart fabrics restricting the adoption of these products. Moreover, the privacy issue associated with smart fabrics is again anticipated to hinder the market growth of smart and interactive textiles.

Lack of rules and regulations associated with the production of standards and regulations is expected to hinder the market growth. Also, technical complications associated with the integration of electronics devices in the smart fabrics is one the major factor expected to restrict the market growth.

Competitive Section:

Company Names 

  1. E.I du Pont de Nemours and Company 
  2. Fibretronic Limited 
  3. Globe Manufacturing Company, LLC 
  4. Heapsylon LLC 
  5. Intelligent Clothing Ltd.
  6. Interactive Wear AG 
  7. Koninklijke Ten Cate nv 
  8. Milliken & Company 
  9. Outlast Technologies, Inc.
  10. Performance Fibers, Inc.
  11. Schoeller Textil AG

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 on the market with a variety of interesting usages; 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 growth of the market. For instance, in May 2021, Textiles has launched into the sports and performance market to provide smart thread technology that captures biometric and biomechanics data.

On the other hand, limitation on reusability is expected to restrict growth of the market.

Key features of the study:

  • This report provides in-depth analysis of the smart and interactive textiles market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  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 highlights, products portfolio, key highlights, financial performance, and strategies
  • 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 the management authorities of the companies to make informed decisions regarding their future product launches, type 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, product 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 Textile Market, By Application:
    • Industrial
    • Military and defense
    • Medical and healthcare
    • Retail and consumer
    • Transportation
    • Others
  • Global Smart and Interactive Textile Market, By Region:
    • North America
      • By Application:
        • Industrial
        • Military and defense
        • Medical and healthcare
        • Retail and consumer
        • Transportation
        • Others
    • Latin America
      • By Application:
        • Industrial
        • Military and defense
        • Medical and healthcare
        • Retail and consumer
        • Transportation
        • Others
    • Europe
      • By Application:
        • Industrial
        • Military and defense
        • Medical and healthcare
        • Retail and consumer
        • Transportation
        • Others
    • Asia Pacific
      • By Application:
        • Industrial
        • Military and defense
        • Medical and healthcare
        • Retail and consumer
        • Transportation
        • Others
    • Middle East & Africa
      • By Application:
        • Industrial
        • Military and defense
        • Medical and healthcare
        • Retail and consumer
        • Transportation
        • Others
  • 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 section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
      • PORTER’s Five Forces Analysis
      • PEST Analysis
      • Key Developments
      • Market Attractiveness Analysis
  4. Global Smart and Interactive Textile - Impact of Coronavirus (COVID-19) Pandemic
    • Overview
    • Factors Affecting Global Smart and Interactive Textile – COVID-19
    • Impact Analysis
  5. Global Smart and Interactive Textile, By Application, 2017- 2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020, 2023, and 2028 (%)
      • Y-o-Y Growth Analysis, 2021 - 2028
      • Segment Trends
    • Industrial
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
    • Military and defense
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
    • Medical and healthcare
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
    • Retail and consumer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
    • Transportation
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
  6. Global Smart and Interactive Textile, By Region, 2017- 2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2020, 2023, and 2028 (%)
      • Y-o-Y Growth Analysis, By Region, 2021 - 2028
    • North America
      • Market Size and Forecast, By Type, 2017- 2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017- 2028 (US$ Million)
    • Latin America
      • Market Size and Forecast, By Type, 2017- 2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017- 2028 (US$ Million)
    • Europe
      • Market Size and Forecast, By Type, 2017- 2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017- 2028 (US$ Million)
    • Asia Pacific
      • Market Size and Forecast, By Type, 2017- 2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017- 2028 (US$ Million)
    • Middle East & Africa
      • Market Size and Forecast, By Type, 2017- 2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017- 2028 (US$ Million)
  7. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • E.I du Pont de Nemours and Company
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Fibretronic Limited.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Globe Manufacturing Company, LLC.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Heapsylon LLC
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Intelligent Clothing Ltd
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Interactive Wear AG
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Koninklijke Ten Cate nv
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Milliken & Company
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Outlast Technologies, Inc.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Performance Fibers, Inc..
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Schoeller Textil AG
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 25 market data tables* and 20 figures* on "Smart and Interactive Textile” - Global forecast to 2028.

FAQgrowicon

Frequently Asked Questions

The global smart and interactive textiles market size is estimated to be valued at US$ 3,242.4 Million in 2021 and is expected to exhibit a CAGR of 12.2% between 2021 and 2028.
Increasing demand from healthcare industry and sports &fitness application are the factors fuelling growth of market.
The Transportation segment is the leading component segment in the market.
Limitation on reusability is expected to hinder growth of the market.
Major players operating in the market 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
North America region is expected to hold dominant position in the market over the forecast period. The growth of the market in the region is driven by rapidly expanding end use industries and presence of major manufacturers in this region.
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