The global Smart Textile Market size is expected to reach USD 7.78 billion by 2025 from USD 4.07 billion in 2020, registering a CAGR of 31.0% over the forecast period.
Major Players in the market involves Milliken & Company, Noble Biomaterials, Sensium Healthcare, VivoMetrics, Infineon Technologies, Koninklijke Ten Cate NV, DuPont de Nemours & Co., Gentherm Inc., Schoeller Textiles AG, Adidas, Texas Instruments Inc., Google Inc., Sensoria Inc., Textronics and Ohmatex.
Sept2020, Milliken & Company joined the Polypropylene Recycling Coalition, an industry collaboration established by The Recycling Partnership to improve polypropylene (PP) plastic recovery and recycling in the U.S. Milliken will tap into its material science expertise to help the organization increase the supply of high-quality recycled PP plastic in a variety of ways, including funding the coalition’s efforts to enhance the PP recycling infrastructure nationwide, establishing consumer education programs that encourage curbside recycling and packaging producer enhance the use of recycled PP plastic material.
Oct 2020- The jointly developed masks by Schoeller Textil AG and Forster Rohner AG can carry now the "TESTEX Community Mask" label. Switzerland receives its first "Community Mask" with TESTEX label. The sustainable and economical quality products consist primarily of recycled performance fabric which can be recycled once again at the end of its service life.
July2020-Noble Biomaterials, company’s Antimicrobial fibers are doing a lot more than fighting odor these days. The sale of the self-cleaning material, typically used in products such as underwear, is soaring since the Covid-19 pandemic began in March, as consumers increasingly seek out health and wellness products. According data provided by Nielsen, sales of health and beauty care products are up 9% year-over-year for the ten-week period ended May 9, while the purchase of vitamins has jumped almost 47%.Sales of its healthcare and personal protective equipment segment rose 356% from 2019 to 2020.
Market has segmented by type, application and it region. By type it includes Passive smart, active Smart and Ultra- smart. By application it has Healthcare, Military and defense, Entertainment, Automotive, Sport and fitness and others. By Region it includes North America (The U.S., Canada, and Mexico), South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, and Costa Rica), Europe (The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, and Denmark), APAC (China, Japan, Australia, South Korea, India, Taiwan, Malaysia, and Hong Kong), Middle East and Africa (Israel, South Africa, and Saudi Arabia). Geographically North America has largest market share accounted in 2019 which expected to increase in further forecast period. Rapidly extending the technological advancement, growing industries, and growing demands from consumer electronics and medical End Users. This ultimately boosts the growth of the smart textiles market. Also Europe is a second largest player in smart textile market.