#Market Analysis & Forecasts

2023-03-30

Smart textiles market to reach USD 16.51 Billion by 2030 due to advancements in material science and technology | by SNS insider

Based on SNS Insider analysis, the smart textiles market is expected to grow rapidly in the coming years due to the increasing demand for wearable technology, sports and fitness applications, medical applications, advancements in material science and technology, and government initiatives and funding. SNS Insider reported that the Smart Textiles Market had a valuation of USD 2.97 billion in 2022, and is projected to achieve a market size of USD 16.51 billion by 2030, with a compound annual growth rate (CAGR) of 23.9% during the forecast period spanning from 2023 to 2030.

Smart Textiles Market Scope & Segmentation By Type, By Function, By Vertical, By Regions | Global Forecast 2023-2030

Smart textiles represent an exciting area of research and development that has the potential to revolutionize various industries. Their integration of technology and textiles provides endless possibilities for innovation and creativity, and we can expect to see more groundbreaking applications of smart textiles in the future.

Market Analysis

The growth in the smart textiles market is expected to continue in the coming years. Smart textiles have a wide range of applications, including healthcare, sports and fitness, military, and fashion. Advances in technology and materials science are making it possible to create ever-more sophisticated textiles that can perform a wider range of functions. As the population continues to age and the demand for healthcare services grows, smart textiles are likely to play an increasingly important role in improving patient outcomes and reducing healthcare costs.

Impact of Russia-Ukraine Conflict

The impact of the Russia-Ukraine conflict on the market is complex and multifaceted. While supply chain disruptions and decreased consumer demand are certainly challenges for the industry, there may also be new opportunities for growth in certain sectors. As the conflict continues to evolve, it will be important for smart textiles companies to stay informed and adapt to changing market conditions.

Key Regional Development

Advancements in technology are playing a significant role in driving growth in the North American smart textiles market. Emerging technologies such as wearable sensors, smart fabrics, and conductive materials are creating new opportunities for innovation in the market, and are helping to drive demand for smart textiles-based products and services. Another factor contributing to the growth of the North American market is the region's high rates of food consumption. This has led to an increased demand for smart textiles-based food packaging and preservation solutions that can help to extend the shelf life of perishable products and reduce food waste.

Key Takeaway from Smart Textiles Market Study

In recent years, the passive smart textile segment has dominated the market, and it is anticipated to continue its reign in the forecast period. Passive smart textiles are designed to respond to external stimuli such as temperature, light, and pressure.

The energy harvesting segment is gaining popularity due to its potential to reduce the dependence on conventional energy sources, which are not only finite but also harmful to the environment. Additionally, energy harvesting technology enables the development of self-powered and sustainable smart textile solutions.

Recent Developments Related to Smart Textiles Market

Microsoft has recently made significant progress in the field of smart fabric technology by developing a fabric that can detect objects and gestures. This innovation is a result of the company's relentless efforts to explore the potential of textile-based sensors and bring new dimensions to the world of wearable.

Researchers at Louisiana State University have developed a new type of smart textile that can detect fever in infants. This innovative technology is expected to revolutionize the way healthcare professionals monitor the health of newborns and young children. These sensors can detect changes in body temperature and alert caregivers to potential signs of fever in infants.

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“Production is a product”

From technical textiles and AI-driven robotics to the limitations of textile circularity: Professor Dr Thomas Gries looks back on more than two decades of development at ITA Aachen. In the interview, he explains why production technology remains a decisive success factor, discusses international collaborations and innovation ecosystems, and shares his views on the transformation of production landscapes and the challenges facing an increasingly regulated industry.

“We need to move away from the price trap and return to a value-driven mindset.”

With its new Textile Innovation Center, KARL MAYER is sending a strong signal for innovation, collaboration, and the future of textile applications. In this interview, Karl Josef Mayer discusses new opportunities in warp knitting, the processing of staple fibres, recycling, the changing role of machinery manufacturers, and why the textile industry must once again focus more strongly on the value of textiles. by Oliver Schmidt

“Innovation, resilience and international experience remain the great strengths of the Swiss textile machinery industry”

Geopolitical uncertainty, growing competitive pressure from China, new free trade agreements and the shift towards a circular economy are currently reshaping the global textile industry. In this interview, Cornelia Buchwalder discusses the current mood within the Swiss textile machinery sector, the industry’s distinctive innovative strength, new market opportunities in India and Asia, and the technological trends that could shape the upcoming trade fair cycle leading up to ITMA 2027.

Fluff pulp market maintains steady growth

Despite being impacted by political and economic woes, the global fluff pulp market in 2024 will reach 7.3 million air dried tonnes with a value of $9.7 billion, according to a new Smithers produced study, The Future of Fluff Pulp to 2029. This is up from 6.2 million air dried tonnes valued at $5.5 billion in 2019.

Economic and geopolitical headwinds influence industrial nonwovens growth to 2029

The global consumption of industrial nonwovens in 2024 is 5.3 million tonnes or 83.4 billion square metres (m2), valued at $21.2 billion, according to The Future of Industrial Nonwovens to 2029 from Smithers. Growth rates for 2019-24 were 6.9% (tonnes), 6.9% (m2) and 6.7% ($). This reflects a recovery in some markets from Covid-19 as well as an adjustment to the Russian invasion of Ukraine in 2022 and its repercussions (inflation, energy supply/price, global economic growth reductions).

SHIMA SEIKI brings new flat knitting technologies to FEBRATEX 2026

Leading flat knitting solutions provider SHIMA SEIKI MFG., LTD. of Wakayama, Japan, together with its Brazilian representative BRASTEMA TECNOLOGIA TEXTIL LTDA., will exhibit at the Brazilian Textile Industry Fair (FEBRATEX 2026) this month. On display will be a roundup of SHIMA SEIKI computerized flat knitting technology, represented by WHOLEGARMENT® knitting machines, computerized flat knitting machines featuring a brand-new model with high productivity and excellent cost performance, a glove knitting machine and the latest digital solutions.

Lenzing reports improved half-year results and advances strategic transformation

Despite a persistently challenging market environment in the first half of 2026, characterized by volatile energy and raw material prices, subdued global consumer demand and intensified competition from Asia, the Lenzing Group significantly improved its financial performance. Net result after tax more than doubled to EUR 35.6 million, compared with EUR 15.2 million in the first half of 2025. Free cash flow increased to EUR 45.8 million, while EBITDA amounted to EUR 239.2 million. Revenue totaled EUR 1.27 billion, compared with EUR 1.34 billion in the previous year.

Trützschler’s latest spinning and card clothing innovations at CAITME 2026

From September 8 to 10, 2026, Trützschler will present its latest innovations in spinning and card clothing for state-of-the-art fiber processing at CAITME in Tashkent, Uzbekistan. Visitors are invited to meet the experts at Pavilion 2, Booth D50 and explore solutions designed to increase productivity, streamline processes, and ensure consistently high yarn quality. Key topics include the next-generation card TC 30i, the integrated draw frame IDF 3, the high-performance comber TCO 21XL as well as Trützschler Card Clothing’s new flat top series STEELTOP®.