#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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Texprocess 2026: Automation, digitalisation and AI redefine textile processing

Making investment decisions in textile processing has become significantly more demanding. Increasing energy costs, a shortage of skilled labour and ongoing geopolitical uncertainties are compelling companies to focus on technologies that deliver clear gains in efficiency and process reliability. This applies equally to apparel manufacturing and to the processing of technical textiles and high-performance materials. As a result, modernisation initiatives are assessed more carefully – even as the need to upgrade production systems continues to intensify.

Techtextil 2026: Between innovation pressure & market reality

From 21 to 24 April 2026, Techtextil in Frankfurt am Main will once again become the central meeting point for the international technical textiles and nonwovens industry. Running in parallel, Texprocess will focus on the industrial implementation of textile processing technologies as the leading platform in this field. Together, the two trade fairs form a closely integrated presentation and working platform along the entire textile value chain – from material development to finished applications.

Between geopolitical pressure and industrial resilience

In this interview, Dr. Janpeter Horn (VDMA) discusses the current challenges facing textile machinery manufacturers, shaped by geopolitical tensions, regulatory developments and subdued investment. He also outlines why innovation strength, integrated solutions and strategic positioning remain key to global competitiveness.

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).

FET’s revolutionary gel spinning system wins Techtextil Innovation Award

FET has received the prestigious Techtextil Innovation Award 2026 in the New Production Technology category. The Techtextil Innovation Award honours outstanding ideas in textile technology, sustainability, AI and the creation of technical textiles, selected by an international jury of experts. Ranging from new materials to new production technologies, this award recognises progressive ideas that are driving forces for numerous industries, such as automotive, medical and construction.

Savio Macchine Tessili will exhibit at ITM Istanbul 2026 presenting its flagship technologies

Savio Macchine Tessili will participate in ITM Istanbul 2026 in a corporate booth of Vandewiele Group, showcasing a selection of its most advanced winding and spinning solutions designed to support textile mills in achieving higher efficiency, flexibility and yarn quality. The company will bring to the show three flagship solutions: Proxima Smartconer®, Lybra Smartspinner® and the Phoenix Assembly Winder.

Rieter at ITM 2026: Spinning Redefined with Automation and Intelligence

Spinning mills need solutions that deliver stability, efficiency and future-proof performance. Rieter has put together a powerful portfolio for ITM 2026 in Istanbul, Türkiye. These innovations give customers the tools to enhance cost efficiency, improve responsiveness and actively develop their competitive edge. Step-by-step, Rieter is moving closer to its Vision 2027 – the fully automated spinning mill. With each new technology, Rieter enables spinning mills worldwide to operate with greater precision and reliability, ensuring they remain at the forefront of an increasingly demanding global market.