Global Smart Textiles Market Size, Trends & Growth Opportunity and By Functionality (Sensing, Energy Harvesting, Luminescence & Aesthetics, Thermoelectricity, and Others), By End-use (Fashion & Entertainment, Sports & Fitness, Medical, Transportation, Protection & Military, Architecture, Glass Containers, Electronics, Graphics, Automotive, and Plastic Containers), By Product (Passive, Active, and Very Smart), By Region and Forecast till 2027.
Report ID : IR1001040 | Industries : Energy & Power | Published On :March 2024 | Page Count : 9
Global Smart Textiles Market Size, Trends & Growth Opportunity and By Functionality (Sensing, Energy Harvesting, Luminescence & Aesthetics, Thermoelectricity, and Others), By End-use (Fashion & Entertainment, Sports & Fitness, Medical, Transportation, Protection & Military, Architecture, Glass Containers, Electronics, Graphics, Automotive, and Plastic Containers), By Product (Passive, Active, and Very Smart), By Region and Forecast till 2027.
Global Smart Textiles Market
The Global Smart Textiles Market is expected to grow from US$ 3,560.00 Million in 2021 to US$ 18,900.20 Million by 2027; it is estimated to grow at a CAGR of 26.93% from 2022 to 2027.
Drivers: The smart textiles market is driven by the factors such as; rising of new advancements like man-made reasoning or AI & Internet of Things has totally changed the material business. New shrewd attires are being made incorporated with AI, Bluetooth Low Energy, cloud information & edge figuring which can screen & impart the wearer's data, including pulse rate, circulatory strain, sweat & temperature. Moreover, savvy materials depend on BLE & IoT innovations for an enduring energy source from their implanted battery. The demand for lightweight & durable fabrics in number of applications starting from textile sports automotive to defense and space are driving the market further. The increasing adoption of the semiconductors for the broadband enabled devices & applications acts as one of the major factors driving the smart textiles market. The rise in demand for the consumer electronics devices along with the expansion of wearable electronics industry drives the smart textiles market further.
Restraints: The absence of standards, norms, guidelines, regulations where these are supposed to be a key limits for the market development as it is making it challenging for savvy texture producers to popularize & increase new & gradual innovations. The creation of shrewd materials may present serious natural & wellbeing risks. In a way, the foundation of ecological principles is important to control the contamination brought about by these materials & cowhide enterprises. These factors restrain the growth in smart textiles market in long run. One of the major restraining factor is high cost of production. Smart textiles require high-end raw materials & are highly sophisticated because of which perfect cost price balance is not achieved by manufactures.
Opportunities: The opportunity in smart textiles market lies in the development of multi highlighted and cross breed savvy materials. People normally own different cell phones and are searching for reduced gadgets, which can coordinate all the observing & registering into one solitary gadget. This presents a chance for the improvement of half breed shrewd materials and multi-capacity which makes clients' life simple and get union with number of wearable gadgets. For example, integration of conductive materials into apparel to powerfully interface a few wearable gadgets on the double. This remote body sensor network allow gadgets to pass information with multiple times more grounded signals than ordinary innovations. These are supposed to be utilized in human-machine interfaces (HMI), wellbeing checking, and clinical mediations.
With the changing lifestyle of people around the globe, they are becoming more and more health conscious than ever before and this trend can grow even further due to shifting sentiments in favor of prevention instead of searching for cure. This creates greater market opportunities for smart textiles market.
Impact of Covid-19
The COVID-19 pandemic had negatively impacted the smart textiles market because of the strict lockdowns & social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business & low consumer confidence had impacted the demand for smart textiles. The supply chain of smart textiles got hampered during COVID-19 along with delay logistic activities. However, the smart textiles market is expected to regain its pace during the post pandemic period due to increased demand for wearables & easing restrictions. On the other hand, the sudden outbreak of pandemic has led to the increasing adoption of smart textiles for regulating body temperatures as a preventive measure against the coronavirus infection & offer enhanced comfort to the users.
Segmentation By Functionality: Smart Textiles Market is classified on the basis of Functionality into Sensing, Energy Harvesting, Luminescence & Aesthetics, Thermoelectricity, and Others.
Segmentation By End-use: Smart Textiles Market is classified on the basis of End-use into Fashion & Entertainment, Sports & Fitness, Medical, Transportation, Protection & Military, Architecture, Glass Containers, Electronics, Graphics, Automotive, and Plastic Containers.
Segmentation By Product: Smart Textiles Market is classified on the basis of Product into Passive, Active, and Very Smart.
Segmentation By Region: Smart Textiles Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape: The key players of Smart Textiles Market are Interactive Wear AG, Google Inc., AiQ Smart Clothing, GENTHERM, Touch of Finland, Textronics Inc., Outlast Technologies LLC, Sensoria Inc., Thermosoft International Corporation, and Schoeller Textil AG.
Industrial Development
• On March 2022, Google Health & MEDITECH collaborated to work on an integrated clinical solution. This partnership aims to combine data harmonization, search & summarization capabilities from Google Health’s Care Studio product suite & integrate them into their electronic health record (EHR), MEDITECH Expanse.
• On Nov 2021, Gentherm company was been awarded a Top Workplaces 2021 honor by The Detroit Free Press for its Michigan locations. The anonymous survey measured 15 culture drivers that are important to organizational success such as alignment, execution and connection.
Market Taxonomy
By Functionality
• Sensing
• Energy Harvesting
• Luminescence & Aesthetics
• Thermoelectricity
• Others
By End-use
• Fashion & Entertainment
• Sports & Fitness
• Medical
• Transportation
• Protection & Military
• Architecture
• Glass Containers
• Electronics
• Graphics
• Automotive
• Plastic Containers
By Product
• Passive
• Active
• Very Smart
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Smart Textiles Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
Global Craft Spirits Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Distribution Channel
3 Executive Summary
4 Global Craft Spirits Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Craft Spirits Market, By Distribution Channel
5.1 Y-o-Y Growth Comparison, By Distribution Channel
5.2 Global Craft Spirits Market Share Analysis, By Distribution Channel
5.3 Global Craft Spirits Market Size and Forecast, By Distribution Channel
5.3.1 On-trade Channels
5.3.2 Off-trade Channels
6 Global Craft Spirits Market, By Type
6.1 Y-o-Y Growth Comparison, By Type
6.2 Global Craft Spirits Market Share Analysis, By Type
6.3 Global Craft Spirits Market Size and Forecast, By Type
6.3.1 Whiskey
6.3.2 Gin
6.3.3 Vodka
6.3.4 Brandy
6.3.5 Rum
6.3.6 Other
7 Global Craft Spirits Market, By Region
7.1 Global Craft Spirits Market Share Analysis, By Region
7.2 Global Craft Spirits Market Share Analysis, By Region
7.3 Global Craft Spirits Market Size and Forecast, By Region
8 North America Craft Spirits Market Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Craft Spirits Market Share Analysis, By Distribution Channel
8.3 North America Craft Spirits Market Size and Forecast, By Type
8.4 North America Craft Spirits Market Size and Forecast, By Country
8.5.1 U.S.
8.6.2 Canada
9.7.3 Mexico
9 Europe Craft Spirits Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Craft Spirits Market Share Analysis, By Distribution Channel
9.3 Europe Craft Spirits Market Size and Forecast, By Type
9.4 Europe Craft Spirits Market Size and Forecast, By Country
9.5.1 Germany
9.6.2 France
9.7.3 UK
9.8.4. Rest of Europe
10 Asia Pacific Craft Spirits Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia Pacific Craft Spirits Market Share Analysis, By Distribution Channel
10.3 Asia Pacific Craft Spirits Market Size and Forecast, By Type
10.4 Asia Pacific Craft Spirits Market Size and Forecast, By Country
10.5.1 China
10.6.2 Japan
10.7.3 India
10.8.4. Rest of Asia Pacific
11 Latin America Craft Spirits Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Craft Spirits Market Share Analysis, By Distribution Channel
11.3 Latin America Craft Spirits Market Size and Forecast, By Type
11.4 Latin America Craft Spirits Market Size and Forecast, Country
11.5.1. Brazil
11.6.2. Rest of Latin America
12 Middle East Craft Spirits Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Craft Spirits Market Share Analysis, By Distribution Channel
12.3 Middle East Craft Spirits Market Size and Forecast, By Type
12.4 Middle East Craft Spirits Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.6.2. UAE
12.7.3. Egypt
12.8.4. Kuwait
12.9.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Pernod Ricard
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Rémy Cointreau
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Diageo PLC
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Hotaling & Co.
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Davide Campari-Milano NV
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 William Grant & Sons Ltd
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Rogue Ales & Spirits
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Constellation Brands Inc.
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Bacardi Limited
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Suntory Holdings Ltd.
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies