The smart textiles market will be worth $5.56 billion by 2030, according to new research from advisory firm MarketsandMarkets.
In 2025, the projected market size for smart textiles stands at $2.41 billion. MarketsandMarkets’ five-year growth projection marks an 18.2 percent compound annual growth rate, or CAGR. Smart textiles have an electronic component embedded into them that allows the tracking of various metrics about the person wearing the apparel, depending on what they are designed to monitor. Some applications include tracking how a person moves, body temperature, heart rate, moisture status and more. They typically have applications for medical wear, military and defense and general athleisure — all industries that have a specific interest in the movements or metrics of the human wearer.
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The firm projects that smart textiles meant to monitor mental health, enable smart, sustainable fashion and allow for energy harvesting could lead the way forward. The organization stated that the ongoing advancements in artificial intelligence and machine learning will continue to bolster the growth of the smart textiles sector.
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The Asian market will be a boon for the sector, in large part because of the region’s manufacturing capabilities and its population’s interest in fitness and health.
“Countries like China, Japan, South Korea and India are investing heavily in wearable technologies, advanced fabrics and integrated electronic systems that support the growth of smart textiles,” the report said. “The region’s dominance in textile production, supported by cost-effective labor and robust supply chains, provides a competitive edge for large-scale manufacturing and export of smart textile products. Moreover, rising awareness around health and fitness is driving the adoption of wearable garments that monitor vital signs, especially in urban populations.”
The MarketsandMarkets projection extends primarily to passive smart textiles, which means that the textiles only collect information; active and ultra-smart textiles, on the other hand, react to the inputs measured by the electronic components in the garments. It also stated that the medical field will have a higher CAGR than other industries, because of the textiles’ ability to track key metrics for patients outside the immediate walls of a medical facility.
“Smart textiles embedded with biosensors enable real-time tracking of vital signs such as heart rate, respiratory rate, blood oxygen levels and body temperature. These capabilities are crucial for chronic disease management, elderly care, post-operative recovery and personalized health interventions,” the company said in the report. “The shift toward value-based care and remote patient monitoring has intensified interest from health care providers, prompting greater integration of smart textiles into clinical settings and at-home care.”
While the smart textiles space has grown considerably in value in recent years, it has a relatively consolidated pack of key players. MarketsandMarkets cited U.S.-based DuPont, Gentherm, Jabil Inc. and Sensoria, as well as Taiwan-based AiQ Smart Clothing. Several other companies have started to adapt existing textiles and products to meet demands in workwear and medical wear, the report further noted.