Smart Textile Market 2024 Key Trends Shows Rapid Growth by 2026

The global smart textile market is highly consolidated, as the leading four players in the market held approx. 46% of the overall market in 2014. E.l. DuPont De Nemours and Co. held 20% of shares in the market; still, it faces strong competition from numerous small and medium-size specialty product-manufacturing companies. Some of the leading players in the market are Koninklijke Ten Cate N.V., E.l. DuPont De Nemours and Co., Texas Instruments Inc., and Gentherm Inc.

As per the TMR, the global smart textile market is estimated to attain a valuation of US$7.73 bn by the end of 2024 progressing from US$0.7 bn in 2014. The market is predicted to rise at an outstanding 30.8% CAGR during the forecast period 2015 to 2024.

Based on application, the military and defense sector led the global smart textile market by holding 28% of shares in terms of revenue in 2014. During the forecast period, military and defense sector is expected to rise at a healthy 28% CAGR and is expected to maintain its dominance in the global market. On the basis of geography, North America led the smart textile market in 2014 by holding 40% of the share in the global market. In terms of revenue, North America will lead the market, especially in the sports and fitness sector by expanding at 32% of CAGR. Europe held the second position in the global smart textile market by holding 30% of the shares in 2014.

Request a Sample –

Rising Use of Wearable Technology to Boost Demand for Smart Textile

The growing preference for wearable technology such as sensors and other types of electronic devices are the key factors responsible for the growing demand for smart textiles. The rising use of wearable technology that is widely used in heart rate sensors and in various other sensors to check fitness will also act as a game changer for the smart textile market. Significant use of these technologies is expected to change the way personal health is monitored.

In addition, integration of wearable technology at a large scale and rapid advancements in the textile manufacturing are projected to revolutionize the global smart textile market in the near future. Some of the other factor factors contributing to the growth of this market are the increasing standard of living, rising disposable income, and growing spending in the medical technology and healthcare. Miniaturizing of electronic components, availability of sophisticated gadgets, and low cost of smart wireless sensors have grown the demand for smart textiles extensively and will augment the growth of the market in coming years.

High Cost of Smart Textile to Restrain Market Growth

Conversely, there are certain restraining factors that may hamper the market growth. The high cost and lack of appropriate standards and regulations to monitor may impede the flourishing smart textile market. The high cost affiliated with the smart textile will also restrict the wearable devices only to the high-end customers that may limit the growth of the market. However, these restraints are not expected to have a long-term impact due to the growing popularity of the smart wearable technologies, thus bringing high growth opportunities in the global smart textile market. In addition to that, increasing research and development activities and rising contribution by the key players and manufacturers will eventually address these issues.

Request For Covid19 Impact Analysis Across Industries And Markets –

The information presented in this review is based on a TMR report, titled “Smart Textile Market (Function – Energy Harvesting, Thermoelectricity, Sensing, and Luminescent; Application – Healthcare, Entertainment, Sports and Fitness, Military and Defense, and Automotive) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2024.”

The Global Smart Textile Market has been segmented as presented below:

Global Smart Textile Market: By Function

  • Energy harvesting
  • Sensing
  • Thermoelectricity
  • Luminescent
  • Others

Global Smart Textile Market: By Application

  • Health care
  • Military and defense
  • Entertainment
  • Automotive
  • Sports and fitness
  • Others

 Global Smart Textile Market, By Geography:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Italy
    • Spain
    • France
    • Germany
    • Rest Of Europe
  • Asia Pacific
    • China
    • India
    • ASEAN
    • Rest Of Asia Pacific
    • Japan
  • Latin America
    • Brazil
    • Mexico
    • Rest of South America
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA

Customization of the Report: This report can be customized as per your needs for additional data or countries. –

Related Reports Press-Release –


About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.”


Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States

Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: [email protected]