Smart Textiles Market
Smart Textiles Market
The market for Smart Textiles was estimated at $5.64 billion in 2024; it is anticipated to increase to $11.7 billion by 2030, with projections indicating growth to around $21.4 billion by 2035.
Datatree
Global Smart Textiles Market Outlook
Revenue, 2024 (US$B)
$5.6B
Forecast, 2034 (US$B)
$19.0B
CAGR, 2024 - 2034
12.9%
Market Size Forecast & Key Insights
- The Smart Textiles market is projected to grow from $5.6 billion in 2024 to $19.0 billion in 2034. This represents a CAGR of 12.9%, reflecting rising demand across Healthcare & Medical, Military & Defense and Sports & Fitness.
- U.S. and Germany are the top markets within the Smart Textiles market and are expected to observe the growth CAGR of 11.6% to 15.5% between 2024 and 2030.
- Emerging markets including India, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 9.0% to 13.5%.
- The Smart Textiles market is set to add $13.3 billion between 2024 and 2034, with manufacturer targeting Sports & Fitness & Fashion & Entertainment Application projected to gain a larger market share.
- With Increased demand in healthcare sector, and Rise in wearable technology, Smart Textiles market to expand 236% between 2024 and 2034.
Opportunities in the Smart Textiles
With increasing eco-consciousness among consumers, sustainable production of smart textiles harbors a significant.Strategic collaborations with research institutions, startups, and sustainability-focused organizations could lead to the development of eco-friendly smart textiles. This is predicted to steer industry growth, catering to evolving consumer needs and environmental concerns.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Increased Demand in Healthcare Sector, and Sustainability Goals driving Innovation
Restraint: High Production Costs
Opportunity: Expanding into Emerging Markets and Technological Innovation in Healthcare
Challenge: Technological Complexity
Supply Chain Landscape
Raw Material Extraction
DuPont
Teijin
Textile Production
Interactive Wear
Milliken
Technology Integration
Google ATAP
Textronics
Retail Distribution
Cityzen Sciences
Schoeller Technologies
Raw Material Extraction
DuPont
Teijin
Textile Production
Interactive Wear
Milliken
Technology Integration
Google ATAP
Textronics
Retail Distribution
Cityzen Sciences
Schoeller Technologies