According to the new research report published by The Insight Partners, titled “Smart Textile Market to 2027 – Global Analysis and Forecast by Type (Active, Passive, Ultra-Smart); Function (Sensing, Energy harvesting, Luminescence & Aesthetics, Thermo-Electricity); Industry Vertical (Healthcare, Sports & Fitness, Fashion, Military, Automotive).” The market was valued at US$ 1.59 billion in 2018 and is projected to reach US$ 13.63 billion by 2027; it is expected to grow at a CAGR of 26.1% during 2019-2027.
The smart textile market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, MEA, and SAM. The North American region holds the highest market share, whereas APAC is projected to be the fastest-growing region as well in the coming years. The countries of Asia are accounted to contribute nearly 28% of the total global military spending.
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Smart textiles and interactive fabrics are used for personal health management by integrating, validating, and use of smart clothing with the integration of sensors/ actuators, processing, energy sources, and communication used for personal applications such as emergency, protection/safety, and healthcare. The sensing function is basically performed with the help of sensors integrated into the textile used for sensing the environment or stimuli, the human body senses, and accordingly responds. There are various sensors integrated with the textile to sense the environment and have a various advantages over the conventional sensors.
The transport industry is also exploring the usage of smart textiles to improve the safety and comfort of the traveler with control panels allowing activating heated seats, and airbags, among others. The vital data can be used to detect early signs of fatigue to warn the driver. For instance, the company BeBop sensors has manufactured a smart fabric sensor technology loaded with what it’s calling the Automotive Occupant Classification System. These sensors get pressure information and movement from the entire seat in real-time. They are able to collect data points for all aspects of physical contact between the occupant and the seat, including leaning forward or back, left or right, crossing legs, occupant size, and weight. This opportunity is predicted to pitch over the period leading to a huge opportunity for the Smart Textile players.
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Fashion Industry Is Further Going to Aid in The Smart Textile Market’s Growth
Designer brands and well-known clothing manufacturers are teaming up with major technological giants to create new wearables based on smart textiles. Research and development into clothes that illuminates or change colors in certain conditions, or a cloth displaying real-time text or emoticons associated with the user’s mood or social activity is underway. New designers are now applying their creativity to take advantage of these possibilities to develop the fashion of the future that we might see very soon in fashion shows. Some of the use cases or pilot projects are taken by major sports and fitness apparel manufacturers are as follows:-
Nike is cooperating with Google to launch gym shoes, which could track real-time footprints by use of Google Earth.
Moon Berlin, the designer of luxury clothing, is currently exploring soft circuits to enhance the visual style and use of smart fabrics.
Google has partnered with Levi’s in project Jacquard to create a collaborative innovation where both parties put in their expertise where the whole is greater than the sum of its parts.
Aspinal of London has started to make handbags with built-in battery chargers.
Smart Textile Market: Competitive Landscape and Key Developments
Intelligent Clothing Ltd., Google, Inc., International Fashion Machines, Inc., Interactive Wear AG, Textronics, Inc., Gentherm Incorporated, Schoeller Textiles AG, Vista Medical Ltd., Nike, Inc., and Thermosoft International are among the key players in the global SMART TEXTILE market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.
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2019: Ohmatex is awarded a large space contract with The European Space Agency (ESA). Under the project name Garments for Advanced Insights (GAIN), ESA signed a contract for 1.04 Mn EUR. The project aims at developing training tights along with integrated sensors and wearable computing. This would help the astronauts to train effectively.
2019: W. L. Gore & Associates proclaimed its upcoming generation in hood technology with the highly breathable GORE Particulate Hood GEN2.
2019: Gore Wear has announced the inauguration of a brand new limited-editionGore x Romance Gore-Tex Shakedry Jacketfabricated in partnership with independent cycling apparel brand Romance.
2019: wear2wear is an innovative industrial partnership which is dedicated to high-quality and sustainable clothing. Schoeller Textil is to supply holistic textile portfolio for the workwear area.
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