The Global Smart Fabrics Market is projected to reach a market revenue of USD 9.75 billion in 2027. The increasing demand from sports and fitness, protection and military as well as healthcare sector along with the growing wearable electronics industry is driving the market’s growth.
Smart textiles are fabrics that are integrated with technology which offer customers various benefits and functionalities. These fabrics can sense and respond to environmental or surrounding stimuli such as heat, pressure etc. The global demand for smart fabrics is consistently increasing due to the increase in its usage in end user industries like sports and fitness, protection & military and healthcare. With the increasing popularity of smart applications in developed and developing countries of the world, the smart fabrics industry would also witness significant growth. Increase in average disposable income of people, awareness regarding safety and health, advancements in sports as well as medical sector is likely to drive the market’s growth during the forecast period.
Increasing usage of technology integrated smart wearables, use of nanotechnology in textiles, increasing adoption of smart wearables in healthcare and defense sector is providing a huge boost to the industry. Along with these factors, developed and developing countries of the world like the US, China, India are continuously focusing on research and development activities which will result in greater advancements in the industry.
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Key players in the market include 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.
Major Points Covered in the Global Smart Fabrics Market Report:
- Market Coverage: This section of the report provides significant details on key market aspects including the key market segments, product innovation scope, and macro-economic and micro-economic growth indicators. In addition, the report segments the global Smart Fabrics market based on product type, technology landscape, and application range.
- Executive Summary: Under this section, the global market growth rate, competitive landscape, drivers and constraints, trends, limitations, and the key market segments have been discussed.
- Regional Analysis: In this section, the latest report highlights the extensive global presence of the Smart Fabrics market. This section offers key insights into the latest trends in the regional markets including North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
- Competitive Landscape: This section of the report highlights the key players in the global Smart Fabrics market. It further emphasizes the leading products and services offered by these companies.
- Manufacturers’ portfolios: This section includes detailed information regarding the product portfolio of each local and global manufacturer, their strengths and weaknesses, product catalogue, production value and capacity, and other vital information.
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, USD Billion; 2024-2027)
- Active Fabrics
- Passive Smart Fabrics
- Ultra-smart Fabrics
Application Outlook (Revenue, USD Billion; 2024-2027)
- Sports & Fitness
- Medical & Healthcare
- Automotive & Transportation
- Protection & Military
- Fashion & Entertainment
- Home & Architecture
- Travel & Outdoor
- Others
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Functionality Outlook (Revenue, USD Billion; 2024-2027)
- Sensing
- Energy Harvesting
- Thermoelectricity
- Luminescence & Aesthectics
- Others
Further key findings from the report suggest
- Ultra-smart fabrics follow the principle of Artificial Intelligence and have the ability to respond to external stimuli. This segment is predicted to have significant growth during the forecast period since these fabrics can protect people in life threatening circumstances like accidents or battles.
- The products of the industry is likely to find widespread usage in medical applications in order to reduce the recovery time. Healthcare and medical sector has witnessed large scale advancements which is predicted to fuel the market’s growth during the forecast period.
- Energy harvesting is predicted to have one of the highest CAGR of x% during the forecast period.
- Asia Pacific region is predicted to register steady growth during the forecast period and growing domestic demand along with large scale manufacturing in this part of the world is fuelling the market in this region. Increase in R&D activities for smart fabrics within FP6 and FP7 programs is contributing to the industry’s growth in Europe.
- There have been a number of new product launches in the market amongst which BioMan+, AiQ-Synertial, RFID Laundry Tags and Textile Cables by AIQ Smart Clothing Inc, L20 system by Interactive Wear AG and Kevlar Webbing, Sentry FR Elastic, smart fabric and e-textile narrow fabric innovations, Vectran Webbing by OTEX Specialty Narrow Fabrics require special mention.
- Schoeller Textile AG have come up with innovative technologies for military sector like pyroshell for flame protection, c_change membrane for rain protection, 3XDRY for moisture management, ceraspace for maximum abrasion resistance, camoshield for suppressed thermal signature.
- There have been a number of M&A in the industry in 2019 like Nike Inc acquiring Celect and OTEX Specialty Narrow Fabrics Inc acquiring Carbonite.
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Regional Outlook (Revenue, USD Billion; 2024-2027)
- North America
- U.S
- Europe
- U.K
- Germany
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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