Protective textiles used for military applications must fulfill a variety of functional requirements, including durability, resistance to environmental conditions and ballistic threats, all while being comfortable and lightweight. In addition, these textiles must provide camouflage and concealment under various environmental conditions and, thus, a range of wavelengths on the electromagnetic spectrum. Similar requirements may exist for other applications, for instance hunting. With improvements in infrared sensing technology, the focus of protective textile research and development has shifted solely from providing visible camouflage to providing camouflage in the infrared (IR) region. Smart textiles, which can monitor and react to the textile wearer or environmental stimuli, have been applied to protective textiles to improve camouflage in the IR spectral range. This study presents a review of current smart textile technologies for visible and IR signature control of protective textiles, including coloration techniques, chromic materials, conductive polymers, and phase change materials. We propose novel fabrication technology combinations using various microfabrication techniques (e.g., three-dimensional (3D) printing; microfluidics; machine learning) to improve the visible and IR signature management of protective textiles and discuss possible challenges in terms of compatibility with the different textile performance requirements.