According to a market report by Lucintel, the future of the smart textile market looks promising with opportunities in the health care, military and defense, entertainment, automotive, sports and fitness industries. The smart textile market is expected to grow with a CAGR of 33% from 2019 to 2024. The major drivers for this market are growth in the wearable electronics market, miniaturization of electronic component, and growing demand for low cost smart wireless sensor network.
In this market, various textile type, such as passive, active, and ultra smart textile are used in various end use industry. Within the smart textile market, fashion and entertainment, sports and fitness, medical, transportation, protection and military, and architecture are the major end use industries. Defense and military is the largest segment for smart textiles.
Sensing, energy harvesting, luminescence and aesthetics, and thermoelectricity are the major function types of the smart textile market. North America will remain the largest region over the forecast period.
Textronics, E.I. DuPont De Nemours, Milliken, Ohmatex, Outlast Technologies, Texas Instruments, Koninklijke Ten Cate, Schoeller Technologies, Gentherm, Noble Biomaterials, and Adidas AG are among the major manufacturers of smart textiles.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the smart textile market on the basis of textile type end use industry, functionality, and region. Lucintel has prepared a comprehensive research report entitled "Growth Opportunities Smart Textiles Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the smart textile market on the basis of textile type, end use industry, functionality, and region as follows :

By Textile Type [$M shipment analysis for 2013 – 2024]:

• Active Smart
• Passive Smart
• Ultra-Smart

By Function [$M shipment analysis for 2013 – 2024]:

• Energy harvesting
• Sensing
• Thermoelectricity
• Luminescent

By End Use Industry [$M shipment analysis for 2013 – 2024]:

• Health care
• Military and defense
• Entertainment
• Automotive
• Sports and fitness
• Others

By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– UK
– Germany
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World

A more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the smart textiles market by textile type (passive, active, and ultra-smart textile), function (energy harvesting, sensing, thermoelectricity ,and luminescent), end use industry (health care, military and defense , entertainment, automotive, and sports and fitness) and region (North America, Europe, APAC, and ROW)?

Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the smart textile market?
Q.5 What are the business risks and threats to the smart textile market?
Q.6 What are the emerging trends in this smart textiles market and the reasons behind them?
Q.7 What are of the changing demands of customers in the smart textile market?
Q.8 What are the new developments in the smart textiles market? Which companies are leading these developments?
Q.9 Who are the major players in this smart textile market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this smart textiles area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities have taken place in the last 5 years in this smart textiles market?