Smart and Interactive Textiles Market Analysis

Smart and Interactive Textiles Market Analysis

The wearable electronics segment was valued at over USD 1.2 billion in 2021 and is expected to grow at a CAGR of over 26.6% from 2022 to 2030. Wearable electronics is integrated with sensors to track the movement of soldiers, sports persons, and racers. It is also used for patients with cardiac diseases.
 

The prevailing widespread applications of wearable electronics in the medical & healthcare sector can be attributed to the accurate & faster diagnosis and risk assessment these materials provide. Additionally, wearable electronics is a more versatile category than any other electronics section and users can detect changes faster and in more convenient ways.
 

The transportation segment is expected to grow at a CAGR of 21.7% through 2030. Smart textiles are used in applications including aerospace, such as airplanes, spaceships, and satellites, and ground transportation railway & automotive to decrease weight, which will ultimately boost efficiency. The textiles are used to make insulation for thermal control inside the vehicle.
 

Additionally, the transportation sector has been growing at a significant pace owing to improving socioeconomic factors, thereby leading to rapidly evolving consumer preference for technically advanced cars and other vehicles.
 

North America smart and interactive textiles market share is estimated to grow at a significant rate and will observe a CAGR of 26.1% from 2022 to 2030. The expanding fitness & sport industry along with the rising penetration of smart phones with Bluetooth Low Energy (BLE) to connect sensors to the internet is expected to boost the product demand in the North America.
 

Increasing technological penetration among users, technological advancements, and the increasing demand for smart textiles from end-user segments, such as healthcare, sports, and transportation, are the major growth drivers for smart & interactive fibers in the region.
 

Additionally, owing to the presence of a vast automotive industry in the U.S., smart fabrics are being implemented in a series of automobile applications, ranging from self-cleaning fabrics to the monitoring of body functions by sensing wearers textiles in steering wheels, seats, belts, and airbags, among others.