The global Smart Fabrics Industry is anticipated to rise at a higher CAGR in the forthcoming period owing to rise in the applications and expansion of scope around the globe. Smart Fabric is a type of fabric that allows various digital components including a battery, a light or various other electronic gear to be inserted in them. It is also popularly known by other names such as Electronic textiles, smart textiles, smart garments, as well as smart clothing. It has been noticed that the smart fabric is being established with the help of modern know-hows that has ultimately increased the value of the product for the users. The most striking features associated with the usage of smart fabrics may include robustness, lightweight, and adaptability.
As far as the military sector goes, smart fabrics are most extensively employed in those applications where innovatory products are manufactured with the assimilation of electronics. That is done to gratify the burgeoning demands for enhanced and well-fortified materials. When it comes to healthcare domain, smart fabrics are combined with medical devices so that the physicians with the help of it can trace the physical state of the patients. With the advent of smart garments, various actins including internal movement and respiration, temperature, muscle activity, heart rate, as well as motion details can be followed. The Smart Fabrics Industry is attaining a huge recognition across the globe due to rising applications across various sectors.
The factors that are influencing the Smart Fabrics market in an optimistic manner may entail industrialization, rapid urbanization, widening applications, rise in the demands among the masses, mounting prerequisites, and rise in the investments by the leading manufacturers. Besides, the concerned manufacturers are also taking up partnerships, joint ventures and acquisitions as their major steps that is ultimately contributing in the organic growth of the market.
Smart Fabrics industry is segmented by product type as Active smart fabrics, Ultra-smart fabrics, Passive smart fabrics, and others. The market is segregated by application as Protection and Safety/Military, Sports and Fitness, Automotive and Transportation, Fashion and Entertainment, Home and Architecture, Medical and Healthcare, and others. Smart Fabrics market is divided by function as Thermoelectricity, Energy Harvesting, Luminescent, Sensing, and others. This market is categorized by geography as North America, Europe, China, Japan, Southeast Asia, and India. Geographically, it has been found that the North America is lately accounting for the largest share in the Smart Fabrics market and it is likely that the region will go on growing with the same pace owing to the factors such as rising research and development activities, augmented demands, and heavy manufacturing base.
In contrast, Europe and Asia Pacific are also expanding at a momentous rate in the Smart Fabrics market owing to wider customer base, developing nations and rising investments by the leading companies. The key players contributing in the Smart Fabrics market are recognized as Milliken & Company, Nike, Inc., Schoeller Textil AG, Toray Industries, Inc., Ohmatex Aps, Infineon Technologies AG, Outlast Technologies LLC, Adidas AG, Oneill Wetsuits L.L.C., and Clothing Plus Oy.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Smart Fabrics in these regions, from 2013 to 2025 (forecast), covering
• North America
• Southeast Asia
Global Smart Fabrics market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Oneill Wetsuits L.L.C
• Adidas AG
• Outlast Technologies LLC
• Milliken & Company
• Toray Industries
• Schoeller Textil AG
• Clothing Plus Oy
• Infineon Technologies AG
• Ohmatex Aps
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Active smart fabrics
• Ultra-smart fabrics
• Passive smart fabrics
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
• Electrical & electronics
• Other industries
Research Support Specialist, USA