Novel Smart Textile Market Size, Trends and Insights By Material (Conductive Materials, Phase-Change Materials (PCMs), Shape Memory Alloys (SMAs), Fiber Optics, Nanomaterials, Others), By Type (Passive Smart Textiles, Active Smart Textiles, Ultra-Smart Textiles), By Function (Sensing, Energy Harvesting, Luminescent, Thermal Regulation, Others), By End Users (Healthcare and Medical, Military and Defense, Sports and Fitness, Fashion and Entertainment, Automotive and Aerospace), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Adidas Group
- Nike Inc.
- Google (Project Jacquard)
- Under Armour Inc.
- Samsung Electronics
- Others
Reports Description
As per the current market research conducted by the CMI Team, the global Novel Smart Textile Market is expected to record a CAGR of 18.1% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 1.7 Billion. By 2032, the valuation is anticipated to reach USD 7.4 Billion.
The novel smart textile market represents a rapidly evolving sector within the textile industry, where traditional fabrics are infused with advanced technologies. These textiles incorporate elements such as sensors, conductive threads, and microelectronics to offer a wide range of functionalities.
Initially driven by applications in sportswear and fitness, the market has expanded to encompass healthcare, fashion, and industrial sectors. Novel smart textiles can monitor health metrics, enhance athletic performance, provide environmental data, and even contribute to sustainability efforts.
The market’s growth is sustained by ongoing research and development, as well as an increasing focus on sustainability, connectivity, and health-related applications.
Novel Smart Textile Market – Significant Growth Factors
The Novel Smart Textile Market presents significant growth opportunities due to several factors:
- Rising Demand for Wearable Technology: The growing popularity of wearable devices, such as smartwatches and fitness trackers, is driving the demand for smart textiles in applications like smart clothing and accessories.
- Healthcare Applications: Smart textiles are increasingly used in healthcare for monitoring vital signs, remote patient care, and early disease detection, especially with the rising interest in telemedicine and health tracking.
- Integration with IoT (Internet of Things): The integration of smart textiles with the IoT ecosystem is a significant driver. These textiles can communicate and exchange data with other connected devices, making them a valuable component of the broader IoT landscape.
- Industrial and Safety Applications: There’s an opportunity to expand the use of smart textiles in industrial and safety applications, such as smart workwear for enhanced worker safety, monitoring, and productivity.
- Fashion and Aesthetics: The fashion industry provides an opportunity for smart textiles to flourish. They can be integrated into high-end fashion and everyday clothing, providing unique aesthetics and functionalities.
- Collaboration and Research: Opportunities exist for collaborative efforts between textile manufacturers, electronics companies, and research institutions to drive innovation in materials and technology, creating novel smart textile solutions for various industries.
Novel Smart Textile Market – Mergers and Acquisitions
The Novel Smart Textile Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Novel Smart Textile Market include:
- In 2022, At the Smart Textiles Summit, Advanced Functional Fabrics of America (AFFOA) showcased advanced functional fiber preforms and LED-embedded fibers, highlighting their leading role in technological advancements in high-tech textiles.
- In 2021, DuPont acquired Laird Performance Materials, a prominent provider of high-performance solutions for electromagnetic shielding and thermal management. This strategic acquisition strengthens DuPont’s capabilities in advanced materials and technology.
These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Novel Smart Textile Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| Novel Smart Textile Market | Hydrophobic Coatings Market | Refiberd Textile Market |
| CAGR 18.1% (Approx) | CAGR 4.5% (Approx) | CAGR 7.5% (Approx) |
| USD 7.4 Billion by 2032 | USD 3.56 Billion by 2032 | USD 589.7 Billion by 2032 |
Novel Smart Textile Market – Significant Threats
The Novel Smart Textile Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:
- High Manufacturing Costs: The integration of advanced technology into textiles can lead to high manufacturing costs. This could limit the affordability and widespread adoption of smart textiles, particularly in price-sensitive markets.
- Data Privacy and Security Concerns: Smart textiles that collect and transmit data, especially in healthcare and personal applications, raise concerns about data privacy and security. Unauthorized access or breaches of sensitive data can erode consumer trust.
- Complex Regulations and Standards: The smart textile industry must navigate a complex web of regulations and standards, especially in healthcare and safety-critical applications. Meeting these requirements can be challenging and costly.
- Rapid Technological Obsolescence: The fast pace of technological advancements can lead to rapid obsolescence of smart textile products. Consumers may be hesitant to invest in expensive items that could become outdated quickly.
- Competing Technologies: Alternative technologies, such as smart accessories and standalone wearable devices, compete with smart textiles. If these alternatives offer similar or better functionality at a lower cost, they could pose a threat to the smart textile market.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 1.7 Billion |
| Projected Market Size in 2032 | USD 7.4 Billion |
| Market Size in 2022 | USD 1.4 Billion |
| CAGR Growth Rate | 18.1% CAGR |
| Base Year | 2022 |
| Forecast Period | 2024-2033 |
| Key Segment | By Material, Type, Function, End Users and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Category-Wise Insights
By Material
- Conductive Materials: Conductive materials, like conductive threads and inks, are used in smart textiles for electrical conductivity. Trends include the development of washable and durable conductive materials to ensure the longevity and usability of smart textile products.
- Phase-Change Materials (PCMs): PCMs are substances that absorb and release heat to regulate temperature in textiles. Current trends focus on their application in energy-efficient heating and cooling textiles for enhanced comfort.
- Shape Memory Alloys (SMAs): SMAs are materials that “remember” their original shape and return to it when activated. They are used in smart textiles for applications like shape-changing garments and adaptive clothing.
- Fiber Optics: Fiber optics in textiles enable light-based communication and illumination. Emerging trends involve integrating fiber optic technology for illuminated fashion, safety gear, and interactive textiles.
- Nanomaterials: These materials such as nanoparticles and nanotubes, are incorporated into textiles to enhance properties like strength, conductivity, and antimicrobial features. Ongoing trends involve the use of nanomaterials for advanced functionalities and durability.
- Others: This category encompasses various innovative materials used in smart textiles, including biodegradable and eco-friendly options. Trends involve exploring sustainable materials for more environmentally friendly smart textile solutions.
By Type
- Passive Smart Textiles: These textiles have sensing capabilities but lack the ability to act or respond. Trends include the use of passive sensors in health-monitoring garments and environment-sensitive fabrics for comfort.
- Active Smart Textiles: Active textiles can sense and respond to stimuli. Trends include self-heating fabrics, shape-memory textiles, and textiles with embedded actuators for posture correction.
- Ultra-Smart Textiles: These advanced textiles not only sense and respond but also often integrate connectivity, data storage, and other complex functions. Trends involve the convergence of ultra-smart textiles with IoT, enabling advanced applications in healthcare, fashion, and more.
By Function
- Sensing: In the novel smart textile market, sensing textiles are designed to detect and transmit data related to physical or environmental conditions. This includes monitoring vital signs, environmental factors, and various forms of biometric data, making them valuable for healthcare and safety applications.
- Energy Harvesting: These textiles utilize various technologies to capture and store energy from the environment. This energy can be used to power embedded electronics, making smart textiles more self-sufficient and sustainable.
- Luminescent: Luminescent textiles incorporate light-emitting elements, including LEDs and electroluminescent materials, for applications such as fashion, safety, and design, enhancing visibility and aesthetics.
- Thermal Regulation: Smart textiles for thermal regulation are designed to provide comfort in various temperature conditions. They can either warm or cool the wearer, contributing to enhanced performance and comfort.
- Others: This category includes a diverse range of smart textiles, such as shape-memory textiles, which change their shape in response to external stimuli, and conductive textiles, which enable electronic interactivity. Trends in this segment are continually evolving, reflecting innovations in materials and applications.
By End Users
- Healthcare and Medical: Smart textiles in healthcare and medical applications involve wearable devices that monitor vital signs, assist in remote patient care, and enhance diagnostics. A trend is the development of biometric monitoring garments for continuous health tracking, facilitating telemedicine and early disease detection.
- Military and Defense: In this sector, smart textiles are integrated into uniforms and equipment for improved situational awareness, communication, and protection. A trend is the use of adaptive camouflage textiles and body-worn sensors for soldier health and safety.
- Sports and Fitness: Smart textiles for sports and fitness include garments and accessories that monitor performance metrics and enhance comfort. A trend is the integration of AI and machine learning for real-time coaching and personalized feedback to users.
- Fashion and Entertainment: In the fashion and entertainment industry, smart textiles are employed for aesthetic and functional purposes. A trend is the fusion of high fashion with smart textiles, creating garments with lighting, color-changing, and interactive features.
- Automotive and Aerospace: Smart textiles in these industries are used for interior materials with climate control and sensor integration. A trend is the development of textiles with embedded sensors for vehicle safety and comfort, as well as in-cabin entertainment and connectivity.
Novel Smart Textile Market – Regional Analysis
The Novel Smart Textile Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: In North America, the trend in the novel smart textile market includes a strong focus on healthcare and medical applications, with wearable health monitoring devices gaining popularity. The region is also at the forefront of sustainable and eco-friendly smart textiles, driven by consumer demand for environmentally responsible products.
- Europe: Europe is witnessing a growing trend of integrating smart textiles into the automotive and aerospace industries. Smart textiles are being used to enhance the comfort and safety of passengers in vehicles and aircraft. Additionally, European countries are exploring smart textiles for outdoor and extreme sports applications.
- Asia-Pacific: This region is a hub for innovation in smart textiles, with a notable trend in developing fashion and entertainment-focused smart textiles. The region is known for its integration of cutting-edge technology and fashion, leading to the creation of clothing and accessories with interactive features and eye-catching designs.
- LAMEA (Latin America, Middle East, and Africa): This region is seeing a trend in military and defense applications of smart textiles, particularly in the Middle East. The region is investing in smart textiles for the safety and protection of military personnel. Additionally, healthcare applications are also growing, especially in Latin American countries, focusing on telemedicine and remote patient monitoring.
Competitive Landscape – Novel Smart Textile Market
The Novel Smart Textile Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:
- Adidas Group
- Nike Inc.
- Google (Project Jacquard)
- Under Armour Inc.
- Samsung Electronics
- OMSignal
- DuPont
- Sensil® by NILIT
- Carrington Textiles
- AiQ Smart Clothing
- I. du Pont de Nemours and Company (DuPont)
- Textronics Inc.
- Schoeller Textil AG
- Ohmatex
- GENTHERM
- Others
These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.
New players entering the novel smart textile market often focus on innovation and development to establish their presence. These newcomers bring fresh ideas and technologies, investing in research and collaborations to create niche applications. They leverage partnerships with established brands to gain exposure.
Key players dominating the market include established names like Adidas, Nike, and Google’s Project Jacquard, who have a strong market presence and extensive research capabilities. They maintain dominance through continuous R&D, brand recognition, and diversification of smart textile applications, effectively addressing various consumer needs. These key players often lead the market by setting industry standards and shaping future trends.
The Novel Smart Textile Market is segmented as follows:
By Material
- Conductive Materials
- Phase-Change Materials (PCMs)
- Shape Memory Alloys (SMAs)
- Fiber Optics
- Nanomaterials
- Others
By Type
- Passive Smart Textiles
- Active Smart Textiles
- Ultra-Smart Textiles
By Function
- Sensing
- Energy Harvesting
- Luminescent
- Thermal Regulation
- Others
By End Users
- Healthcare and Medical
- Military and Defense
- Sports and Fitness
- Fashion and Entertainment
- Automotive and Aerospace
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Novel Smart Textile Market, (2024 – 2033) (USD Billion)
- 2.2 Global Novel Smart Textile Market: snapshot
- Chapter 3. Global Novel Smart Textile Market – Industry Analysis
- 3.1 Novel Smart Textile Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rising Demand for Wearable Technology
- 3.2.2 Healthcare Applications
- 3.2.3 Integration with IoT (Internet of Things)
- 3.2.4 Industrial and Safety Applications
- 3.2.5 Fashion and Aesthetics And Collaboration and Research.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Material
- 3.7.2 Market Attractiveness Analysis By Type
- 3.7.3 Market Attractiveness Analysis By Function
- 3.7.4 Market Attractiveness Analysis By End Users
- Chapter 4. Global Novel Smart Textile Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Novel Smart Textile Market: Company Market Share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Novel Smart Textile Market – Material Analysis
- 5.1 Global Novel Smart Textile Market Overview: By Material
- 5.1.1 Global Novel Smart Textile Market Share, By Material, 2022 and – 2033
- 5.2 Conductive Materials
- 5.2.1 Global Novel Smart Textile Market by Conductive Materials, 2024 – 2033 (USD Billion)
- 5.3 Phase-Change Materials (PCMs)
- 5.3.1 Global Novel Smart Textile Market by Phase-Change Materials (PCMs), 2024 – 2033 (USD Billion)
- 5.4 Shape Memory Alloys (SMAs)
- 5.4.1 Global Novel Smart Textile Market by Shape Memory Alloys (SMAs), 2024 – 2033 (USD Billion)
- 5.5 Fiber Optics
- 5.5.1 Global Novel Smart Textile Market by Fiber Optics, 2024 – 2033 (USD Billion)
- 5.6 Nanomaterials
- 5.6.1 Global Novel Smart Textile Market by Nanomaterials, 2024 – 2033 (USD Billion)
- 5.7 Others
- 5.7.1 Global Novel Smart Textile Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Novel Smart Textile Market Overview: By Material
- Chapter 6. Global Novel Smart Textile Market – Type Analysis
- 6.1 Global Novel Smart Textile Market Overview: By Type
- 6.1.1 Global Novel Smart Textile Market Share, By Type, 2022 and – 2033
- 6.2 Passive Smart Textiles
- 6.2.1 Global Novel Smart Textile Market by Passive Smart Textiles, 2024 – 2033 (USD Billion)
- 6.3 Active Smart Textiles
- 6.3.1 Global Novel Smart Textile Market by Active Smart Textiles, 2024 – 2033 (USD Billion)
- 6.4 Ultra-Smart Textiles
- 6.4.1 Global Novel Smart Textile Market by Ultra-Smart Textiles, 2024 – 2033 (USD Billion)
- 6.1 Global Novel Smart Textile Market Overview: By Type
- Chapter 7. Global Novel Smart Textile Market – Function Analysis
- 7.1 Global Novel Smart Textile Market Overview: By Function
- 7.1.1 Global Novel Smart Textile Market Share, By Function, 2022 and – 2033
- 7.2 Sensing
- 7.2.1 Global Novel Smart Textile Market by Sensing, 2024 – 2033 (USD Billion)
- 7.3 Energy Harvesting
- 7.3.1 Global Novel Smart Textile Market by Energy Harvesting, 2024 – 2033 (USD Billion)
- 7.4 Luminescent
- 7.4.1 Global Novel Smart Textile Market by Luminescent, 2024 – 2033 (USD Billion)
- 7.5 Thermal Regulation
- 7.5.1 Global Novel Smart Textile Market by Thermal Regulation, 2024 – 2033 (USD Billion)
- 7.6 Others
- 7.6.1 Global Novel Smart Textile Market by Others, 2024 – 2033 (USD Billion)
- 7.1 Global Novel Smart Textile Market Overview: By Function
- Chapter 8. Global Novel Smart Textile Market – End Users Analysis
- 8.1 Global Novel Smart Textile Market Overview: By End Users
- 8.1.1 Global Novel Smart Textile Market Share, By End Users, 2022 and – 2033
- 8.2 Healthcare and Medical
- 8.2.1 Global Novel Smart Textile Market by Healthcare and Medical, 2024 – 2033 (USD Billion)
- 8.3 Military and Defense
- 8.3.1 Global Novel Smart Textile Market by Military and Defense, 2024 – 2033 (USD Billion)
- 8.4 Sports and Fitness
- 8.4.1 Global Novel Smart Textile Market by Sports and Fitness, 2024 – 2033 (USD Billion)
- 8.5 Fashion and Entertainment
- 8.5.1 Global Novel Smart Textile Market by Fashion and Entertainment, 2024 – 2033 (USD Billion)
- 8.6 Automotive and Aerospace
- 8.6.1 Global Novel Smart Textile Market by Automotive and Aerospace, 2024 – 2033 (USD Billion)
- 8.1 Global Novel Smart Textile Market Overview: By End Users
- Chapter 9. Novel Smart Textile Market – Regional Analysis
- 9.1 Global Novel Smart Textile Market Regional Overview
- 9.2 Global Novel Smart Textile Market Share, by Region, 2022 & – 2033 (USD Billion)
- 9.3. North America
- 9.3.1 North America Novel Smart Textile Market, 2024 – 2033 (USD Billion)
- 9.3.1.1 North America Novel Smart Textile Market, by Country, 2024 – 2033 (USD Billion)
- 9.3.1 North America Novel Smart Textile Market, 2024 – 2033 (USD Billion)
- 9.4 North America Novel Smart Textile Market, by Material, 2024 – 2033
- 9.4.1 North America Novel Smart Textile Market, by Material, 2024 – 2033 (USD Billion)
- 9.5 North America Novel Smart Textile Market, by Type, 2024 – 2033
- 9.5.1 North America Novel Smart Textile Market, by Type, 2024 – 2033 (USD Billion)
- 9.6 North America Novel Smart Textile Market, by Function, 2024 – 2033
- 9.6.1 North America Novel Smart Textile Market, by Function, 2024 – 2033 (USD Billion)
- 9.7 North America Novel Smart Textile Market, by End Users, 2024 – 2033
- 9.7.1 North America Novel Smart Textile Market, by End Users, 2024 – 2033 (USD Billion)
- 9.8. Europe
- 9.8.1 Europe Novel Smart Textile Market, 2024 – 2033 (USD Billion)
- 9.8.1.1 Europe Novel Smart Textile Market, by Country, 2024 – 2033 (USD Billion)
- 9.8.1 Europe Novel Smart Textile Market, 2024 – 2033 (USD Billion)
- 9.9 Europe Novel Smart Textile Market, by Material, 2024 – 2033
- 9.9.1 Europe Novel Smart Textile Market, by Material, 2024 – 2033 (USD Billion)
- 9.10 Europe Novel Smart Textile Market, by Type, 2024 – 2033
- 9.10.1 Europe Novel Smart Textile Market, by Type, 2024 – 2033 (USD Billion)
- 9.11 Europe Novel Smart Textile Market, by Function, 2024 – 2033
- 9.11.1 Europe Novel Smart Textile Market, by Function, 2024 – 2033 (USD Billion)
- 9.12 Europe Novel Smart Textile Market, by End Users, 2024 – 2033
- 9.12.1 Europe Novel Smart Textile Market, by End Users, 2024 – 2033 (USD Billion)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific Novel Smart Textile Market, 2024 – 2033 (USD Billion)
- 9.13.1.1 Asia Pacific Novel Smart Textile Market, by Country, 2024 – 2033 (USD Billion)
- 9.13.1 Asia Pacific Novel Smart Textile Market, 2024 – 2033 (USD Billion)
- 9.14 Asia Pacific Novel Smart Textile Market, by Material, 2024 – 2033
- 9.14.1 Asia Pacific Novel Smart Textile Market, by Material, 2024 – 2033 (USD Billion)
- 9.15 Asia Pacific Novel Smart Textile Market, by Type, 2024 – 2033
- 9.15.1 Asia Pacific Novel Smart Textile Market, by Type, 2024 – 2033 (USD Billion)
- 9.16 Asia Pacific Novel Smart Textile Market, by Function, 2024 – 2033
- 9.16.1 Asia Pacific Novel Smart Textile Market, by Function, 2024 – 2033 (USD Billion)
- 9.17 Asia Pacific Novel Smart Textile Market, by End Users, 2024 – 2033
- 9.17.1 Asia Pacific Novel Smart Textile Market, by End Users, 2024 – 2033 (USD Billion)
- 9.18. Latin America
- 9.18.1 Latin America Novel Smart Textile Market, 2024 – 2033 (USD Billion)
- 9.18.1.1 Latin America Novel Smart Textile Market, by Country, 2024 – 2033 (USD Billion)
- 9.18.1 Latin America Novel Smart Textile Market, 2024 – 2033 (USD Billion)
- 9.19 Latin America Novel Smart Textile Market, by Material, 2024 – 2033
- 9.19.1 Latin America Novel Smart Textile Market, by Material, 2024 – 2033 (USD Billion)
- 9.20 Latin America Novel Smart Textile Market, by Type, 2024 – 2033
- 9.20.1 Latin America Novel Smart Textile Market, by Type, 2024 – 2033 (USD Billion)
- 9.21 Latin America Novel Smart Textile Market, by Function, 2024 – 2033
- 9.21.1 Latin America Novel Smart Textile Market, by Function, 2024 – 2033 (USD Billion)
- 9.22 Latin America Novel Smart Textile Market, by End Users, 2024 – 2033
- 9.22.1 Latin America Novel Smart Textile Market, by End Users, 2024 – 2033 (USD Billion)
- 9.23. The Middle East and Africa
- 9.23.1 The Middle-East and Africa Novel Smart Textile Market, 2024 – 2033 (USD Billion)
- 9.23.1.1 The Middle-East and Africa Novel Smart Textile Market, by Country, 2024 – 2033 (USD Billion)
- 9.23.1 The Middle-East and Africa Novel Smart Textile Market, 2024 – 2033 (USD Billion)
- 9.24 The Middle-East and Africa Novel Smart Textile Market, by Material, 2024 – 2033
- 9.24.1 The Middle-East and Africa Novel Smart Textile Market, by Material, 2024 – 2033 (USD Billion)
- 9.25 The Middle-East and Africa Novel Smart Textile Market, by Type, 2024 – 2033
- 9.25.1 The Middle-East and Africa Novel Smart Textile Market, by Type, 2024 – 2033 (USD Billion)
- 9.26 The Middle-East and Africa Novel Smart Textile Market, by Function, 2024 – 2033
- 9.26.1 The Middle-East and Africa Novel Smart Textile Market, by Function, 2024 – 2033 (USD Billion)
- 9.27 The Middle-East and Africa Novel Smart Textile Market, by End Users, 2024 – 2033
- 9.27.1 The Middle-East and Africa Novel Smart Textile Market, by End Users, 2024 – 2033 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 Adidas Group
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Nike Inc.
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Google (Project Jacquard)
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Under Armour
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 GENTHERM
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Samsung Electronics
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 OMSignal
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 DuPont
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Sensil® by NILIT
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Carrington Textiles
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 AiQ Smart Clothing
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 E. I. du Pont de Nemours and Company (DuPont)
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.13 Textronics Inc.
- 10.13.1 Overview
- 10.13.2 Financials
- 10.13.3 Product Portfolio
- 10.13.4 Business Strategy
- 10.13.5 Recent Developments
- 10.14 Schoeller Textil AG
- 10.14.1 Overview
- 10.14.2 Financials
- 10.14.3 Product Portfolio
- 10.14.4 Business Strategy
- 10.14.5 Recent Developments
- 10.15 Ohmatex
- 10.15.1 Overview
- 10.15.2 Financials
- 10.15.3 Product Portfolio
- 10.15.4 Business Strategy
- 10.15.5 Recent Developments
- 10.16 Others
- 10.16.1 Overview
- 10.16.2 Financials
- 10.16.3 Product Portfolio
- 10.16.4 Business Strategy
- 10.16.5 Recent Developments
- 10.1 Adidas Group
List Of Figures
Figures No 1 to 37
List Of Tables
Tables No 1 to 102
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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FAQs
The key factors driving the Market are Rising Demand for Wearable Technology, Healthcare Applications, Integration with IoT (Internet of Things), Industrial and Safety Applications, Fashion and Aesthetics And Collaboration and Research.
The “Passive Smart Textiles” category dominated the market in 2022.
The key players in the market are Adidas Group, Nike Inc., Google (Project Jacquard), Under Armour,Inc., Samsung Electronics, OMSignal, DuPont, Sensil® by NILIT, Carrington Textiles, AiQ Smart Clothing, E. I. du Pont de Nemours and Company (DuPont), Textronics Inc., Schoeller Textil AG, Ohmatex, GENTHERM, Others.
“North America” had the largest share in the Novel Smart Textile Market.
The global market is projected to grow at a CAGR of 18.1% during the forecast period, 2023-2032.
The Novel Smart Textile Market size was valued at USD 1.7 Billion in 2023.