Smart Fabrics Market Size, Share, Growth Report 2032

Smart Fabrics Market Size

The global Smart Fabrics market size was worth around USD 3.36 billion in 2023 and is predicted to grow to around USD 37.24 billion by 2032 with a compound annual growth rate (CAGR) of roughly 30.64% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Smart Fabrics market on a global and regional level.

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Global Smart Fabrics Market: Overview

Smart fabrics also referred as E-textiles, electronic textiles, or smart textiles, are the fabrics that have digital and electronics components entrenched in them. These fabrics can recognize sense stimuli from the surroundings and adapt & respond to those stimuli in a predestined way. Their capability to grow, correspond, transform, and even conduct energy makes them different from the normal textiles, thus adding worth to the wearer. The smart fabric market is a budding market, created as a result of the tininess of electronics and drop in the costs of electronics as well as manufacturing charges, of both semiconductors and textiles.

Global Smart Fabrics Market: Growth Factors

The rising usage of electronic devices in everyday life is impelling the worldwide smart fabrics market as a result of the foremost implementation of the smart textiles as an electronics device. The user-friendliness of smart fabrics and the incorporation of electronic devices in it make it an integrated tool for ordinary usage as a simple fabric that further drives the growth of the worldwide smart fabrics market. The increasing alertness and several applications of the smart fabrics, such as thermo-electricity, energy harvesting, and sensing, are projected to spur the growth of the smart fabrics market.

On the other hand, the smart fabrics devices need a portable power supply that should be detached during washing and requires to be charged often. Thereby, this is one of the factors that can hamper the growth of smart fabrics market. Furthermore, the initial huge price and the expertise needed to produce these fabrics can be an obstacle to the growth of the worldwide smart fabrics market.

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Global Smart Fabrics Market: Segmentation

The worldwide smart fabrics market is segmented based on functionality, product type, end-use industry, and region.

By functionality segment of the market is bifurcated into energy harvesting, luminance, thermo-electricity, sensing, and other functionalities.

By product type segment of the worldwide smart fabrics market is divided into active smart fabrics, ultra-smart fabrics, and passive smart fabrics.

By end-use industry segment of the market is classified into electrical & electronics, construction, healthcare, architecture, automobiles, and other industries.

Based on geography, the worldwide smart fabrics market is categorized into North America, Europe, the Middle East & Africa, Latin America, and the Asia Pacific.

Smart Fabrics Market: Report Scope

Global Smart Fabrics Market: Regional Analysis

North America is the dominating region in the worldwide smart fabrics market owing to the growing market for electronics in this region and the flourishing information technology segment. Also, Asia Pacific is anticipated to grow in the smart fabrics market on account of the booming construction industry and healthcare industry in this region.

Global Smart Fabrics Market: Competitive Players

The key players in the worldwide smart fabrics market include:

• Nike Inc.
• Oneill Wetsuits L.L.C.
• Adidas AG
• Outlast Technologies LLC
• Milliken & Company.
• Toray Industries Inc.
• Schoeller Textil AG
• Clothing Plus Oy
• Infineon Technologies AG
• Ohmatex Aps.

The Global Smart Fabrics Market is segmented as follows:

By Functionality 

• Energy Harvesting
• Luminance
• Thermo-Electricity
• Sensing
• Other

By Product Type 

• Active Smart Fabrics
• Ultra-Smart Fabrics
• Passive Smart Fabrics

By End-User Industry 

• Electrical & Electronics
• Construction
• Healthcare
• Architecture
• Automobiles
• Other

Global Smart Fabrics Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • The UK
  • France
  • Germany
• The Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.