Wearable technology demand drives smart textiles market | Adidas AG, AiQ Smart Clothing Inc., Dupont De Nemours Inc., Gentherm Incorporated 2023

Smart textiles are fabrics that have been engineered to contain modern technologies that enable them to interact with their environment. They are capable of changing color, illuminating, and even responding to touch. Smart fabrics are still in their infancy, but they have the potential to transform how we interact with our clothing and our surroundings.

Important Trends

The development of new materials and fabrics that are more comfortable and durable, the incorporation of new technologies such as nanotechnology and sensors, and the increasing use of smart textiles in a variety of applications including healthcare, sports, and fashion are some of the key trends in smart textiles technology. For instance, a great deal of research has gone into the creation of materials that can control body temperature, which is crucial for both comfort and performance. Also, new textiles that are more breathable and moisture-wicking are being created, which might be beneficial for athletes and those who work in hot situations.

Integration of emerging technologies, such as nanotechnology and sensors, is another significant development. Nanotechnology is being employed to develop tougher and more stain-resistant textiles, as well as to introduce new characteristics such as self-cleaning and antibacterial capabilities. The incorporation of sensors into smart textiles permits the monitoring of a variety of physiological characteristics, including heart rate, breathing, and body temperature.

Major Motive Factors

The growing need for wearable technology, the increasing acceptance of Internet of Things (IoT)-enabled devices, and the requirement for textiles with improved functionality are important market drivers for smart textiles. The rising popularity of fitness trackers and smartwatches is one of the primary reasons driving the expansion of the wearable technology industry. The increasing demand for smart clothing, which is combined with sensors and other electronic components, is another significant driver driving the expansion of the smart textiles market.

In addition, the incorporation of sensors and other electrical components into textiles will enable textiles to connect with other devices and systems. This will aid in the creation of smart clothes that may be used for a variety of purposes, including monitoring vital signs, tracking fitness, and providing safety and security. Additionally, the demand for improved functions in textiles also drives the market for intelligent textiles. An increasing need exists for intelligent fabrics that offer protection from adverse weather conditions, such as heat, cold, and ultraviolet (UV) radiation. The need for textiles that can be utilized in a variety of applications, including healthcare, sports, and the military, also drives the smart textiles market.

Major Market Segments

The market for smart textiles is segmented by type, function, end-user, and geography. By kind, it is divided into active and passive categories. The market is segmented by function into energy harvesting, sensing, luminescent, and thermoelectricity products, among others. By end-user, the market is divided into healthcare, military & defense, sports & fitness, entertainment, and automobile. The market is divided geographically into North America, Europe, Asia-Pacific, and the Rest of the World.

Major Market Players

Adidas AG, AiQ Smart Clothing Inc., DuPont De Nemours Inc., Gentherm Incorporated, Google LLC, Ohmatex A/S, Schoeller Textil AG, Sensoria Inc., Texas Instruments Incorporated, and Textronics are the leading companies mentioned in the smart textiles market study.

Motives for acquiring the Smart Textiles Market Report:

• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and most likely to grow rapidly.

• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and their strengths & weaknesses.

• Develop business and M&A strategies through understanding of lates