#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.

Mayer & Cie. Global gears up tor ITMA Asia 2026

Mayer & Cie. Global will focus on mattress fabric production at ITMA Asia, taking place in Shanghai from 20 to 24 November 2026. The company will showcase one of its flagship models for this application: the OVJA 2.4 EM. Joining the mattress fabric specialist will be an OV 3.2 QCe, presented at ITMA Asia in a configuration for knitting double-face fabrics in E40. This gives the OV 3.2 QCe a combination of capabilities rarely found in the market. The German textile machinery manufacturer will also introduce its new portfolio strategy and share updates from its development team at its Albstadt headquarters.

FET highlights advances in fibre spinning technology at Dornbirn Global Fiber Congress

Fibre Extrusion Technology Limited (FET) presented its latest developments in fibre spinning technology at the Dornbirn Global Fiber Congress in Austria in September 2026. In a presentation entitled “Spinning a good yarn”, Dr Jonny Hunter examined recent technological developments and challenges facing the fibre industry, highlighting the company's expanding range of specialised fibre extrusion and spinning systems.

Vietnam’s market evolution creates new sourcing opportunities at VIATT 2027

As Vietnam’s textile industry continues to upgrade and scale, new opportunities are emerging for suppliers of advanced raw materials, design-led fabrics, production technologies, and sustainability solutions. The Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT) will return 24 – 26 February 2027, presenting a cross-sector platform – spanning apparel, home and technical categories – for overseas companies to connect with manufacturers, brands, sourcing offices, retailers, and industry buyers from Vietnam, ASEAN, and beyond.