Smart Textiles Market By Product And Application - Global Industry Analysis And Forecast To 2023

Published On : February 2018 Pages : 80 Category: Personal Care & Cosmetics Report Code : CG02592

Industry Trend Analysis

In 2014, the global smart textiles market was evaluated around USD 0.72 billion and is expected to reach approximately USD 6.80 billion by 2023 while registering itself at a compound annual growth rate (CAGR) of 28.41% over the forecast period. The growing popularity of advanced gadgets with diverse technologically advanced operations such as reacting and sensing to the surrounding is expected to boost the demand. The declining costs of manufacturing of fabrics and electronic components together with the electronics miniaturization are projected to fuel the market during the forecast years. Elements like sensor units, actuators, and controllers are integrated into these fabrics for appropriate performance. The smart textiles are utilized by the military professional for safety and protection purpose and by the customer as a clothing entity. The expansion was primarily driven by fitness & sports application. These products have a massive growth potential due to their applicability over several sections like automotive, entertainment, and defense which consecutively expected to drive the industry growth over the forecast years. The increase in demand can also be assigned to the advent of advanced fibers and conductive materials that are utilized to produce these fibers. Nanotechnology has assisted in the formation of these intelligent textiles at a microscopic level as well as in the army equipment & uniforms development.

Product Outlook and Trend Analysis

The passive smart fabrics segment includes wearable clothes which can sense the user as well as surrounding atmosphere and account the same. This section ruled the global market during 2015 since it has less complicated functionalities and it has low cost than the other segments. The very smart textile section has the capability to adapt, react, and sense their performance to the specified conditions as well as follows the artificial intelligence principle.

Application Outlook and Trend Analysis

During the forecast period, the sports & fitness application section is projected to experience a major growth with a compound annual growth rate of 35%. Smart fabrics acquire the capability to react to stimulations produced from magnetic, thermal, mechanical, chemical, and electrical sources. With the abovementioned capabilities, it can function in incorporation with advanced electronics devices like fitness watches and belts to observe body and health vitals concurrently. These products are utilized in applications like fashion &entertainment, architecture, transportation, military & security, and medical. In 2015, usage of these fabrics in military and defense segment reported for more than 25.5% of the overall market revenue. The rising global population has produced the demand for enhanced medical and healthcare facilities which are directing the application of smart fabrics for rapid patient recovery. Also, the requirement for improvement of athletic performance is expected to impact the research & development activities in this market favorably.

Regional Outlook and Trend Analysis

North American market is anticipated to embrace a major global industry share over the projected period. This region reported over 45.5% of the global market during 2015. This can be assigned to the rising requirement for these products in the healthcare and transportation industry. The low cost of labor and raw material in Asian countries, like India, China, and Japan has changed it into a production hub for these technologies. This has contributed to the reduction in the total smart fabrics production in the European regional market. Therefore, major vendors from the Asia Pacific regional market are tapping opportunities to insert such technologically sophisticated products as an element of their product portfolio.

Competitive Outlook and Trend Analysis

Key market participants like Adidas AG, Nike Inc., and O’Neill are anticipated to hold a considerable market share due to their capabilities in performance clothing. Other major market players involve Eleksen, Auxetix, Fibretronic Limited, Exo2, Clothing+, ThermoSoft International, Peratech Ltd., and Gentherm. The market contains an extensive number of shareholders that involve system integrators, textile manufacturers, Original Equipment Manufacturers (OEM), together with R&D organizations. System integrators like Fibretronix, Interactive Wear, Ohmatex, Clothing+ and Polar are studied to be major integrators involved in the integration with textile structures, encapsulation of electronics, and industrial & electronics design.

The global smart textiles market is segmented as follows –

By Product

  • Passive smart textile
  • Active smart textile
  • Very smart textile

By Application

  • Fashion and entertainment
  • Sports & fitness
  • Medical
  • Transportation
  • Defense and military
  • Architecture

By Region

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • United Arab Emirates
  • Others

Some of the key questions answered by the report are:

· What was the market size in 2012 and forecast from 2013 to 2022?

· What will be the industry market growth from 2013 to 2022?

· What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?

· What are the major segments leading the market growth and why?

· Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

Market Classification

  • Smart Textiles Market, By Product, Estimates and Forecast, 2014-2023 ($Million)
    • Passive Smart Textile
    • Active Smart Textile
    • Very Smart Textile
  • Smart Textiles Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
    • Fashion and Entertainment
    • Sports & Fitness
    • Medical
    • Transportation
    • Defense and Military
    • Architecture
  • Smart Textiles Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
    • North America
  • North America Smart Textiles Market, By Country
  • North America Smart Textiles Market, By Product
  • North America Smart Textiles Market, By Application
    • U.S. Smart Textiles Market, By Product
    • U.S. Smart Textiles Market, By Application
    • Canada Smart Textiles Market, By Product
    • Canada Smart Textiles Market, By Application
    • Mexico Smart Textiles Market, By Product
    • Mexico Smart Textiles Market, By Application
    • Europe
  • Europe Smart Textiles Market, By Country
  • Europe Smart Textiles Market, By Product
  • Europe Smart Textiles Market, By Application
    • Germany Smart Textiles Market, By Product
    • Germany Smart Textiles Market, By Application
    • France Smart Textiles Market, By Product
    • France Smart Textiles Market, By Application
    • UK Smart Textiles Market, By Product
    • UK Smart Textiles Market, By Application
    • Italy Smart Textiles Market, By Product
    • Italy Smart Textiles Market, By Application
    • Spain Smart Textiles Market, By Product
    • Spain Smart Textiles Market, By Application
    • Rest of Europe Smart Textiles Market, By Product
    • Rest of Europe Smart Textiles Market, By Application
    • Asia-Pacific
      • Asia-Pacific Smart Textiles Market, By Country
      • Asia-Pacific Smart Textiles Market, By Product
      • Asia-Pacific Smart Textiles Market, By Application
        • Japan Smart Textiles Market, By Product
        • Japan Smart Textiles Market, By Application
        • Australia Smart Textiles Market, By Product
        • Australia Smart Textiles Market, By Application
        • India Smart Textiles Market, By Product
        • India Smart Textiles Market, By Application
        • South Korea Smart Textiles Market, By Product
        • South Korea Smart Textiles Market, By Application
        • Rest of Asia-Pacific Smart Textiles Market, By Product
        • Rest of Asia-Pacific Smart Textiles Market, By Application
    • Rest of the World
      • Rest of the World Smart Textiles Market, By Country
      • Rest of the World Smart Textiles Market, By Product
      • Rest of the World Smart Textiles Market, By Application
        • Brazil Smart Textiles Market, By Product
        • Brazil Smart Textiles Market, By Application
        • South Africa Smart Textiles Market, By Product
        • South Africa Smart Textiles Market, By Application
        • Saudi Arabia Smart Textiles Market, By Product
        • Saudi Arabia Smart Textiles Market, By Application
        • Turkey Smart Textiles Market, By Product
        • Turkey Smart Textiles Market, By Application
        • United Arab Emirates Smart Textiles Market, By Product
        • United Arab Emirates Smart Textiles Market, By Application
        • Others Smart Textiles Market, By Product
        • Others Smart Textiles Market, By Application

Table of Contents

1.       Introduction

1.1.       Report Description

1.2.       Research Methodology

2.       Executive Summary

2.1.       Key Highlights

3.       Market Overview

3.1.       Introduction

3.1.1.  Market Definition

3.1.2.  Market Segmentation

3.2.       Market Dynamics

3.2.1.  Drivers

3.2.1.1.    Penetration of Smartphones

3.2.1.2.    Miniaturization of Electronics and Advancements in the Wireless Technology

3.2.2.  Restraints

3.2.2.1.    Garment Wash ability

3.2.2.2.    Need for Efficient Battery

3.2.3.  Opportunities

3.2.3.1.    Emerging Markets to Offer Lucrative Growth Opportunities

4.       Smart Textiles Market, By Product

4.1.       Introduction

4.2.       Global Smart Textiles Sales, Revenue and Market Share by Product (2014-2017)

4.2.1.  Global Smart Textiles Sales and Sales Share by Product (2014-2017)

4.2.2.  Global Smart Textiles Revenue and Revenue Share by Product (2014-2017)

4.3.       Smart Textiles Market Assessment and Forecast, By Product, 2014-2023

4.4.       Passive Smart Textile

4.4.1.  Market Assessment and Forecast, By Region, 2014-2023($Million)

4.5.       Active Smart Textile

4.5.1.  Market Assessment and Forecast, By Region, 2014-2023($Million)

4.6.       Very Smart Textile

4.6.1.  Market Assessment and Forecast, By Region, 2014-2023($Million)

5.       Smart Textiles Market, By Application

5.1.       Introduction

5.2.       Global Smart Textiles Sales, Revenue and Market Share by Application (2014-2017)

5.2.1.  Global Smart Textiles Sales and Sales Share by Application (2014-2017)

5.2.2.  Global Smart Textiles Revenue and Revenue Share by Application (2014-2017)

5.3.       The Smart Textiles Market Assessment and Forecast, By Application, 2014-2023

5.4.       Fashion and Entertainment

5.4.1.  Market Assessment and Forecast, By Region, 2014-2023($Million)

5.5.       Sports & Fitness

5.5.1.  Market Assessment and Forecast, By Region, 2014-2023($Million)

5.6.       Medical

5.6.1.  Market Assessment and Forecast, By Region, 2014-2023($Million)

5.7.       Transportation

5.7.1.  Market Assessment and Forecast, By Region, 2014-2023($Million)

5.8.       Defense and Military

5.8.1.  Market Assessment and Forecast, By Region, 2014-2023($Million)

5.9.       Architecture

5.9.1.  Market Assessment and Forecast, By Region, 2014-2023($Million)

6.       Smart Textiles Market, By Region

6.1.       Introduction

6.2.       Smart Textiles Market Assessment and Forecast, By Region, 2014-2023($Million)

6.3.       Global Smart Textiles Sales, Revenue and Market Share by Regions

6.3.1.  Global Smart Textiles Sales by Regions (2014-2017)

6.3.2.  Global Smart Textiles Revenue by Regions (2014-2017)

6.4.       North America

6.4.1.  North America Smart Textiles Sales and Growth Rate (2014-2017)

6.4.2.  Market Assessment and Forecast, By Country, 2014-2023($Million)

6.4.3.  Market Assessment and Forecast, By Product, 2014-2023($Million)

6.4.4.  Market Assessment and Forecast, By Application, 2014-2023($Million)

6.4.5.  U.S.

6.4.5.1.    Market Assessment and Forecast, By Product, 2014-2023($Million)

6.4.5.2.    Market Assessment and Forecast, By Application, 2014-2023($Million)

6.4.6.  Canada

6.4.6.1.    Market Assessment and Forecast, By Product, 2014-2023($Million)

6.4.6.2.    Market Assessment and Forecast, By Application, 2014-2023($Million)

6.4.7.  Mexico

6.4.7.1.    Market Assessment and Forecast, By Product, 2014-2023($Million)

6.4.7.2.    Market Assessment and Forecast, By Application, 2014-2023($Million)

6.5.       Europe

6.5.1.  Europe Smart Textiles Sales and Growth Rate (2014-2017)

6.5.2.  Market Assessment and Forecast, By Country, 2014-2023($Million)

6.5.3.  Market Assessment and Forecast, By Product, 2014-2023($Million)

6.5.4.  Market Assessment and Forecast, By Application, 2014-2023($Million)

6.5.5.  Germany

6.5.5.1.    Market Assessment and Forecast, By Product, 2014-2023($Million)

6.5.5.2.    Market Assessment and Forecast, By Application, 2014-2023($Million)

6.5.6.  France

6.5.6.1.    Market Assessment and Forecast, By Product, 2014-2023($Million)

6.5.6.2.    Market Assessment and Forecast, By Application, 2014-2023($Million)

6.5.7.  UK

6.5.7.1.    Market Assessment and Forecast, By Product, 2014-2023($Million)

6.5.7.2.    Market Assessment and Forecast, By Application, 2014-2023($Million)

6.5.8.  Italy

6.5.8.1.    Market Assessment and Forecast, By Product, 2014-2023($Million)

6.5.8.2.    Market Assessment and Forecast, By Application, 2014-2023($Million)

6.5.9.  Spain

6.5.9.1.    Market Assessment and Forecast, By Product, 2014-2023($Million)

6.5.9.2.    Market Assessment and Forecast, By Application, 2014-2023($Million)

6.5.10.      Rest of Europe

6.5.10.1. Market Assessment and Forecast, By Product, 2014-2023($Million)

6.5.10.2. Market Assessment and Forecast, By Application, 2014-2023($Million)

6.6.       Asia-Pacific

6.6.1.  Asia-Pacific Smart Textiles Sales and Growth Rate (2014-2017)

6.6.2.  Market Assessment and Forecast, By Country, 2014-2023($Million)

6.6.3.  Market Assessment and Forecast, By Product, 2014-2023($Million)

6.6.4.  Market Assessment and Forecast, By Application, 2014-2023($Million)

6.6.5.  Japan

6.6.5.1.    Market Assessment and Forecast, By Product, 2014-2023($Million)

6.6.5.2.    Market Assessment and Forecast, By Application, 2014-2023($Million)

6.6.6.  China

6.6.6.1.    Market Assessment and Forecast, By Product, 2014-2023($Million)

6.6.6.2.    Market Assessment and Forecast, By Application, 2014-2023($Million)

6.6.7.  Australia

6.6.7.1.    Market Assessment and Forecast, By Product, 2014-2023($Million)

6.6.7.2.    Market Assessment and Forecast, By Application, 2014-2023($Million)

6.6.8.  India

6.6.8.1.    Market Assessment and Forecast, By Product, 2014-2023($Million)

6.6.8.2.    Market Assessment and Forecast, By Application, 2014-2023($Million)

6.6.9.  South Korea

6.6.9.1.    Market Assessment and Forecast, By Product, 2014-2023($Million)

6.6.9.2.    Market Assessment and Forecast, By Application, 2014-2023($Million)

6.6.10.      Rest of Asia-Pacific

6.6.10.1. Market Assessment and Forecast, By Product, 2014-2023($Million)

6.6.10.2. Market Assessment and Forecast, By Application, 2014-2023($Million)

6.7.       Rest of the World

6.7.1.  Rest of the World Smart Textiles Sales and Growth Rate (2014-2017)

6.7.2.  Market Assessment and Forecast, By Country, 2014-2023($Million)

6.7.3.  Market Assessment and Forecast, By Product, 2014-2023($Million)

6.7.4.  Market Assessment and Forecast, By Application, 2014-2023($Million)

6.7.5.  Brazil

6.7.5.1.    Market Assessment and Forecast, By Product, 2014-2023($Million)

6.7.5.2.    Market Assessment and Forecast, By Application, 2014-2023($Million)

6.7.6.  Turkey

6.7.6.1.    Market Assessment and Forecast, By Product, 2014-2023($Million)

6.7.6.2.    Market Assessment and Forecast, By Application, 2014-2023($Million)

6.7.7.  Saudi Arabia

6.7.7.1.    Market Assessment and Forecast, By Product, 2014-2023($Million)

6.7.7.2.    Market Assessment and Forecast, By Application, 2014-2023($Million)

6.7.8.  South Africa

6.7.8.1.    Market Assessment and Forecast, By Product, 2014-2023($Million)

6.7.8.2.    Market Assessment and Forecast, By Application, 2014-2023($Million)

6.7.9.  United Arab Emirates

6.7.9.1.    Market Assessment and Forecast, By Product, 2014-2023($Million)

6.7.9.2.    Market Assessment and Forecast, By Application, 2014-2023($Million)

6.7.10.      Others

6.7.10.1. Market Assessment and Forecast, By Product, 2014-2023($Million)

6.7.10.2. Market Assessment and Forecast, By Application, 2014-2023($Million)

7.       Company Profiles

7.1.       AiQ Smart Clothing Ltd.

7.1.1.  Business Overview

7.1.2.  Product Portfolio

7.1.3.  Strategic Developments

7.1.4.  Smart Textiles Sales, Revenue and Market Share

7.2.       Clothing+

7.2.1.  Business Overview

7.2.2.  Product Portfolio

7.2.3.  Strategic Developments

7.2.4.  Smart Textiles Sales, Revenue and Market Share

7.3.       EXO2 The Heat Inside

7.3.1.  Business Overview

7.3.2.  Product Portfolio

7.3.3.  Strategic Developments

7.3.4.  Smart Textiles Sales, Revenue and Market Share

7.4.       Gentherm

7.4.1.  Business Overview

7.4.2.  Product Portfolio

7.4.3.  Strategic Developments

7.4.4.  Smart Textiles Sales, Revenue and Market Share

7.5.       Mide Technology Corporation

7.5.1.  Business Overview

7.5.2.  Product Portfolio

7.5.3.  Strategic Developments

7.5.4.  Smart Textiles Sales, Revenue and Market Share

7.6.       Ohmatex ApS

7.6.1.  Business Overview

7.6.2.  Product Portfolio

7.6.3.  Strategic Developments

7.6.4.  Smart Textiles Sales, Revenue and Market Share

7.7.       Peratech Ltd.

7.7.1.  Business Overview

7.7.2.  Product Portfolio

7.7.3.  Strategic Developments

7.7.4.  Smart Textiles Sales, Revenue and Market Share

7.8.       Sensing Tex

7.8.1.  Business Overview

7.8.2.  Product Portfolio

7.8.3.  Strategic Developments

7.8.4.  Smart Textiles Sales, Revenue and Market Share

7.9.       Textronics, Inc.

7.9.1.  Business Overview

7.9.2.  Product Portfolio

7.9.3.  Strategic Developments

7.9.4.  Smart Textiles Sales, Revenue and Market Share

7.10.    ThermoSoft International

7.10.1.      Business Overview

7.10.2.      Product Portfolio

7.10.3.      Strategic Developments

7.10.4.      Smart Textiles Sales, Revenue and Market Share

7.11.    VivoMetrics

7.11.1.      Business Overview

7.11.2.      Product Portfolio

7.11.3.      Strategic Developments

7.11.4.      Smart Textiles Sales, Revenue and Market Share

8.       Global Smart Textiles Market Competition, by Manufacturer

8.1.       Global Smart Textiles Sales and Market Share by Manufacturer (2016-2017)

8.2.       Global Smart Textiles Revenue and Market Share by Manufacturer (2016-2017)

8.3.       Top 5 Smart Textiles Manufacturer Market Share

8.4.       Market Competition Trend


List of Tables

*You can glance through the list of Tables and Figures when you view the sample copy of Smart Textiles Market.


Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

data triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

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