Smart Fabrics Market
The global smart fabrics market is expected to reach a revenue of USD 9.75 billion in 2027. The growing demand from sports and fitness, protection and military industry as well as healthcare, as well as the growing wearable electronics industry, are driving the market growth.
Smart textiles are fabrics embedded in technology that provide customers with various benefits and features. These tissues can sense and respond to environmental or surrounding stimuli such as heat, pressure, etc. The global demand for smart fabrics is steadily increasing due to the increase in their use in end user industries like sports and fitness, protection and military and healthcare. With the increasing popularity of smart applications in both developed and developing countries of the world, the smart fabrics industry is also said to experience significant growth. Increasing the average disposable income of people, safety and health awareness, advancements in sports and medical industry are expected to drive the market growth during the forecast period.
The growing use of smart wearable devices embedded in technology, the use of nanotechnology in textiles, the growing adoption of smart wearable devices in the healthcare and defense sectors are giving the industry a huge boost. industry. Along with these factors, the developed and developing countries of the world like the United States, China and India are continuously focusing on research and development activities which will result in greater advancements in the industry.
The main players in the market are AIQ Smart Clothing Inc, Adidas AG, Nike Inc, ThermoSoft International Corporation, Kolon Industries Inc, Interactive Wear AG, Ohmatex, Schoeller Textile AG, Sensoria Inc and OTEX Specialty Narrow Fabrics Inc.
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Major Points Covered in the Global Smart Fabrics Market Report:
Market Coverage: This section of the report provides significant details on key aspects of the market including key market segments, scope of product innovation, and macro and micro economic growth indicators. Further, the report segments the global smart fabrics market on the basis of product type, technology landscape, and range of applications.
Executive Summary: In this section, the global market growth rate, competitive landscape, drivers and restraints, trends, limitations and key market segments have been discussed.
Regional Analysis: In this section, the latest report brings out the extensive global presence of the Smart Fabrics Market. This section offers key insights on the latest trends in regional markets including North America, Asia Pacific, Europe, Latin America, Middle East & Africa.
Competitive Landscape: This section of the report highlights the major players in the global smart fabrics market. It further emphasizes the main products and services offered by these companies.
Manufacturer Portfolios: This section includes detailed information regarding each local and global manufacturer’s product portfolio, their strengths and weaknesses, product catalog, production value and capacity, and other vital information.
Other key findings from the report suggest
Ultra-intelligent fabrics follow the principle of artificial intelligence and have the ability to respond to external stimuli. This segment is expected to experience significant growth during the forecast period as these tissues can protect people in life-threatening circumstances such as accidents or battles.
Industry products are likely to find widespread use in medical applications to reduce recovery time. The healthcare and medicine industry has seen large-scale advancements that are expected to fuel the growth of the market during the forecast period.
Energy recovery is expected to have one of the highest CAGRs of x% during the forecast period.
The Asia-Pacific region is expected to register steady growth during the forecast period and the growing domestic demand as well as large-scale manufacturing in this part of the world is fueling the market in this region. The increase in R&D activities for smart fabrics within the FP6 and FP7 programs contributes to the growth of the industry in Europe.
There have been a number of new product launches in the market, including BioMan +, AiQ-Synertial, RFID laundry tags and textile cables from AIQ Smart Clothing Inc, L20 system from Interactive Wear AG and Kevlar. Webbing, Sentry FR Elastic, smart fabric and e-innovations in textile narrow fabrics, Vectran Webbing by OTEX Specialty Narrow Fabrics require special mention.
Schoeller Textile AG has developed innovative technologies for the military sector such as pyroshell for flame protection, c_change membrane for rain protection, 3XDRY for moisture management, ceraspace for maximum resistance to water. abrasion, camoshield for a suppressed thermal signature.
There have been a number of mergers and acquisitions in the industry in 2019, such as Nike Inc acquiring Celect and OTEX Specialty Narrow Fabrics Inc acquiring Carbonite.
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For the purpose of this report, reports and data have segmented the global smart fabrics market on the basis of source, product, application, and region:
Type Outlook (Revenue, Billions USD; 2020-2027)
Passive smart fabrics
Application Outlook (Revenue, USD Billion; 2020-2027)
Sports and fitness
Medical & Health
Automotive and Transportation
Protection & Military
Fashion and entertainment
House & Architecture
Travel and outdoors
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Feature Outlook (Revenue, USD Billion; 2020-2027)
Luminescence & Aesthetics
Regional Outlook (Revenue, USD Billion; 2020-2027)
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