The global Smart Textile market was valued at 2492.56 Million USD in 2021 and will grow with a CAGR of 19.18% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Smart textiles are defined as textiles that can sense and react via an active control mechanism to environmental conditions or stimuli from mechanical, thermal, chemical, electrical or magnetic sources.Currently, there are many producing companies in the world Smart Textile industry, especially in Europe and North America. The main market players are Textronics, Peratech, DuPont, Clothing+, Outlast, etc. The sale of Smart Textile is about 3400 k units in 2015. North America is the largest supplier of Smart Textile, with a production market share nearly 53% and sales market share nearly 43% in 2015. That is to say, there will be imports in North America, while North America also is the largest consumption region. The second place is Europe; following North America with the production market share of 30.5% and the sales market share over 30%. Asia (Ex. China) is another important market of Smart Textile, enjoying 5% production market share and 14% sales market share. Smart Textile is used in Military Uses, Civil Uses, and Healthcare Uses areas. Report data showed that 30.8% of the Smart Textile market demand in military areas, 33.9% in civil areas, 17.5% in healthcare areas, and 17.8% in other areas in 2015. Briefly speaking, in the next few years, Smart Textile industry will still be a highly energetic industry. Sales of Smart Textile have brought a lot of opportunities, there will more companies enter into this industry, especially in developing countries. A key market and growth area for smart textiles has been designs for personal protective and military clothing.

By Market Verdors:

Textronics

Peratech

DowDuPont

Clothing+

Outlast

d3o lab

Schoeller

Texas Instruments

Exo2

Vista Medical

Ohmatex ApS

By Types:

Passive Smart Textile

Active Smart Textile

Ultra-Smart Textile

By Applications:

Military Uses

Civil Uses

Healthcare Uses

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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