The smart textiles industry is expected to increase at a compound annual growth rate (CAGR) of 25.4 per cent from 2024 to 2030, from its 2024 valuation of US $ 4 billion to US $ 15.6 billion.
The creation and uptake of smart fabrics have been greatly accelerated by technological developments. Advances in materials science, such the creation of flexible electronics and conductive fibres, have made it possible to incorporate electronic components into textiles without sacrificing their wearability or comfort. Furthermore, smart fabrics with improved features like self-cleaning capabilities, UV protection, and antibacterial qualities have been made possible by developments in nanotechnology.
Smart textiles can connect to other smart devices through the use of wireless communication technologies like Bluetooth and NFC, forming an integrated ecosystem that can offer extensive data and insights. Additionally, the mass production of smart textiles has been made easier by the application of modern manufacturing techniques, such as roll-to-roll processing and 3D printing, which has reduced their cost and increased their accessibility.
Given that smart textiles provide special capabilities for tracking and enhancing physical well-being, the expanding consumer awareness of health and fitness as well as the growing desire for wearable technology are significant drivers. Smart textiles are becoming more practical and user-friendly due to technological developments in electrical components and materials, which is promoting their adoption across a range of industries.
Furthermore, the growth of the Internet of Things (IoT) is facilitating the incorporation of smart textiles into larger smart systems, increasing their usefulness and attractiveness. Market expansion is also being aided by government programs and financing for sophisticated textile research and development.
