According to the latest market research study released by Technavio, the global smart textiles market is expected to grow at a CAGR of around 25% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global smart textiles market based on end-user:
Global smart textiles market share by end-user 2015
|
Military and protection |
25.8% |
|
Architecture |
20.6% |
|
Sports and fitness |
18.4% |
|
Transportation |
14.2% |
|
Fashion and entertainment |
12.1% |
|
Medical |
8.9% |
Source: Technavio
The top three contributing end-user segments are discussed below:
Global smart textiles military and protection market
In 2015, the military and protection segment accounted for around 26% of the global smart textiles market. The growing need for lightweight wearable products over heavy batteries is likely to boost the smart textiles market during the forecast period. To ensure a soldier’s personal protection and safety, the military sector is increasingly using wearable technology. Wearable technology refers to the fabrics integrated with information technology (IT) components which helps in managing critical situations and extreme environmental conditions. Such advantage of wearable technology makes it the most preferred technology in the military segment.
“The military segment is focusing on investing more on the latest support technology for soldiers which will boost the demand for smart textiles. In the coming years, smart textiles to be used in this sector are expected to be equipped with heads-up displays, GPS, wireless weapons, energy backup, personal physiological status sensors, as well as chemical and biological threat detectors,” says Swapnil Tejveer Sharma, a lead analyst at Technavio for research on textile, fiber, and composites.
With all other benefits smart textiles can also reduce the need for wires and cables that are required in military equipment. To cash in the opportunity, the vendors of smart fabric wearables are working towards the integration of electronics and communication equipment in military uniforms. For instance, in July 2016, BAE Systems, along with Intelligent Textiles, presented a smart fabric vest known as the Broadsword Spine for soldiers. The fabric is made of conductive yarns which has the capability to provide power and charge electronics through USB to improve battery packs and other electronic devices.
Global smart textiles architecture market
In 2015, the architecture segment accounted for around 21% of the global smart textiles market. Driven mainly by the increasing demand for smart textiles to measure the performance of structures, the global smart textiles market is likely to grow at steady rate during the forecast period. To generate energy and act as electrical power plants, yarns with piezoelectric properties are used in buildings. On the contrary, LED carpets help in guiding people in buildings, enhance ambience and atmosphere of the interiors of buildings, and arrange spaces by making information available when needed.
Global smart textiles sports and fitness market
In 2015, the sports and fitness segment accounted for around 18% of the global smart textiles market and is expected to grow at a steady rate during the forecast period. Smart textiles produce smart garments such as T-shirts, socks, stockings, and insoles. Certain sports equipment retail stores sell merchandise such as T-shirts and sports bras integrated with sensors. These smart garments facilitate screening of physiological parameters such as heart rate, temperature, movement and respiration, motion details, and muscle activity. To gain maximum visibility during night hours’, sportswear jackets are also designed with LED lights. The growing rate of participation in fitness and sporting activities is likely to boost the global sports and fitness textiles market.
The top leading vendors operating in the global smart textiles market are:
- Ohmatex
- Interactive Wear
- Clothing+
- Intelligent Clothing
- Sensoria
Other prominent vendors in the market include Infineon Technologies, Texas Instruments, Schoeller Textil, and International Fashion Machine.
A more detailed analysis is available in the Technavio report titled, ‘Global Smart Textiles Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Smart Fabrics and Interactive Textiles Market 2015-2019
- Smart Textiles Market in the US 2015-2019
- Global Smart Textiles Market for Military 2015-2019
- Medical Textiles Market: Global Trends, Demand, and Forecast 2015-2019
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