Smart and interactive textiles are capable of actuating, sensing, storing or generating power, and communicating. These textiles are widely used across various applications such as industrial purpose, sportswear, automotive & entertainment, healthcare, and military. These textiles are also used in the fashion industry due to their ability to change color and light up the property.
The global smart and interactive textile market is expected to surpass US$ 6,455.0 Mn in terms of value by the end of 2028.
The growing demand for smart textiles from the transportation industry is propelling the market growth of smart and interactive textiles. The transportation industry is one of the emerging sectors as it encompasses different markets which include automotive, aerospace, and railroads. These fabrics are widely used across the automotive industry for designing a car and its accessories such as heating of the seat. Hence, the growing demand for smart textiles from transportation industry is augmenting the market growth of smart and interactive textiles.
Increasing application of the smart fabrics in wearable is projected to provide enormous market opportunities in the near future. This is also attributed to the technological advancement in the wireless and electronic segment. Increasing incorporation of Bluetooth Low Energy (BLE) technology that provides advanced features such as connectivity with mobile phones, headphones, and tracking devices. Thus, the growing demand for smart fabrics in wearable is expected to propel the market growth over the forecast timeframe.
Global Smart and Interactive Textile Market: Recent Developments
The high cost of smart fabrics as compared to conventional textiles is projected to hinder the market growth of the smart and interactive textiles. Raw materials used in the manufacturing of smart fabrics are different from the raw materials used in the manufacturing of conventional fabrics. Iron oxide, ceramics, metals, and silver nanocomposites are some of the key materials used in the development of smart fabrics.
Global Smart and Interactive Textile Market - Impact of Coronavirus (Covid-19) Pandemic
The Covid-19 outbreak has had an adverse impact on various industries around the globe. Due to the strict rules and regulations undertaken by government to curb the spread of the infection, companies are looking to function remotely. Moreover, various companies are looking to implement strict measures to operate at minimum risks. Additionally, various companies had shutdowns their manufacturing units which had an adverse impact on smart and interactive textiles market.
To know the latest trends and insights prevalent in the Global Smart and Interactive Textile Market, click the link below:
Increasing investment in the military and defense sector for improving the safety of the serving person is a growing trend in the market. Smart fabrics are rapidly gaining demand from the military sector due to their high-performance properties and safety. They are used to produce an army uniform and equipment. Moreover, the energy harvesting segment is also emerging as one of the largest segments for smart fabrics as they are used for improving the protection and safety of workers.
Increasing production capacity of the smart textile by key players for business expansion on global as well regional level is one of the major trends in the market. For instance, In April 2020, Milliken & Company, a manufacturer of textile, has increased domestic production of its BioSmart fabric, which integrates anti-microbial protection into medical products like scrubs, lab coats, and privacy curtains.
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