Home / Knowledge / News / Textiles / 'Smart textiles market to reach $1.8 bn by 2021'
'Smart textiles market to reach $1.8 bn by 2021'
07
Dec '15
A new report titled "Smart Textile Markets 2016-2023" US industry analyst firm n-tech Research says the market for smart textiles, including fabrics manufactured with smart materials and those that utilize embedded sensors, will grow to $1.8 billion by 2021.

The smart textile sector has taken off in the past few years, driven by the keen interest in the Internet-of-things (IoT) and enabled by the latest smart materials and powerful sensing devices. This report provides market coverage of the potential for emerging textile products where the textile is rapidly becoming the sensor.

In this report n-tech focuses especially on electrically conductive yarns and threads, conductive polymers, shape memory materials, color-changing materials, phase-changing materials, self-cleaning and antimicrobial materials and nanomaterials

The report also includes an analysis of applications where n-tech believes smart textiles have a real opportunity to move beyond the lab and expensive demonstrations high-volume commercial applications. End-user applications covered include: medical, health and fitness, military and security, fashion and non-clothing applications.

The new study also contains detailed eight-year market forecasts of smart textiles both in revenue and volume terms with breakouts by type of sensors and smart materials used, as well as the end-user sector in which they are sold.

There is also extensive coverage of the product/market strategies of leading firms in this space including Adidas, AiQ, BASF, Bekaert, BeBop, Bodi Trak, Carre, and Nike among many others.

According to the report, the largest market for smart textiles is to be found in the medical sector, which will become an $843 million market by 2021. Using smart clothing, patients with chronic diseases, such as diabetes and heart problems, will continuously and simply monitor their health and send updates to their physician, providing more useful data and avoiding office visits. Technology of this kind already exists in smart sports clothing and will be extended to medical applications as sensors become more accurate

Meanwhile, the market for self-cleaning textiles will reach $573 million by 2021. While this kind of technology has been available for some time, driving its growth will be ability of self-cleaning textile coatings to become fully omniphobic – being able to rid fabrics of a broader range of dirt, oil and grease, wine stains, etc. In addition, self-cleaning textiles are expected to integrate smart antimicrobial capabilities. Self-cleaning textiles that are hydrophobic on the outside and hydrophilic on inside are also being developed. These repel water and stains from the outside while minimizing perspiration stains.

By 2021 smart textiles are expected to use $134 million in sensors with more than half of those revenues coming from pressure sensors. The report notes that this is an area that is attracting venture capital where it benefits from the current interest of VCs in the related area of IoT sensors. There are also important new textile-specific developments in the sensor area, such as the creation of fabric transistors. (SH)

Fibre2Fashion News Desk - India


Must ReadView All

Courtesy: Trinity Kubassek from Pexels

Textiles | On 19th Aug 2018

Australian wool production to fall 5.7% in 2018-19

Shorn wool production in Australia is likely to fall by 5.7 per cent...

Courtesy: Next Level Apparel

Apparel/Garments | On 19th Aug 2018

Blue Point Capital recapitalises Next Level Apparel

Blue Point Capital Partners has recapitalised Next Level Apparel, a...

Retailers approaching 100% inventory accuracy: Study

Apparel/Garments | On 19th Aug 2018

Retailers approaching 100% inventory accuracy: Study

With computer vision use cases maturing, Artificial Intelligence (AI) ...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search