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11th April 2019, Dublin

Smart textiles market to reach US$ 5.55 billion

Rising product demand from the sports and fitness sector will contribute to the growth. The global smart textiles market size is expected to reach US$ 5.55 billion by 2025, registering a CAGR of 30.4% over the forecast period, according to the latest report by Research and Markets.

Global demand for smart textiles is mainly driven by increasing penetration of smartphones and other high-tech or smart devices, such as iPods. Majority of new smartphones and laptops are equipped with Bluetooth Low Energy (BLE) technology.

This enables the connection of sensor-based devices to the internet through mobile phones. Smart textiles can be used to communicate information of the wearer, such as physiological parameters including location, heart rate, blood pressure, and temperature.

This data can then be used in application areas, such as healthcare and sports and fitness. Moreover, the product is also used by those suffering from late-stage dementia as it can help refresh their sense of self. Therefore, wide usage of internet and growth in wireless technology are expected to have a positive impact on the market growth.

Rapidly expanding fashion and entertainment industry across the globe is also expected to propel the market growth in coming years. Moreover, rising product demand from the sports and fitness sector due to increasing awareness about leading a healthy lifestyle will contribute to the growth.

Miniaturisation of electronics is expected to significantly fuel market growth further. Industry participants are increasingly focusing on reducing form factors to facilitate integration, to make sensors compatible with fabric and ensure optimum comfort and wearability. Since smart textiles are used in fields, such as healthcare and sports, it has become increasingly important to ensure that the user is not hindered through the use of electronic fabric.

The use of conventional cables had been a major hindrance to product adoption. With the advent of smart textiles, which eliminate the bundled filaments of conventional cables, higher degree of flexibility can be ensured.

The report entitled Smart Fabrics Market Size, Share & Trends Analysis Report By Product (Active, Very Smart), By End Use (Defense & Military, Sports & Fitness), By Functionality (Sensing, Energy Harvesting), And Segment Forecasts, 2019 – 2025 contains 60 pages and mentions leading companies including adidas, AiQ Smart Clothing, Clothing+ (Jabil Circuit), EXO2, Gentherm, Mide Technology Corporation, Nike, Ohmatex, Sensing Tex, and Thermosoft International Corporation.

www.researchandmarkets.com

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