The global smart fabrics market features a highly competitive market with numerous companies focused on expanding their market share through research and development activities, reports Transparency Market Research (TMR). Recent advancements in technologies has driven the competition in this market.
Major players in the global smart fabrics market encompass Toray Industries, Milliken & Company, Ohmatex Aps, Oneill Wetsuits L.L.C., Adidas AG, Infineon Technologies AG, and Outlast Technologies LLC. ). Prominent players in the market are emphasizing on leveraging new technologies to come up with new products to strengthen their hold in the global smart fabrics market.
As per expert analysts, the global smart fabrics market is anticipated to grow vigorously during 2017 to 2022 with a CAGR of 19.6%. In 2017, the market recorded a valuation of U.S. $2.2 bn which is estimated to rise to U.S. $5.5 bn by the end of forecast period.
In terms of product type, passive smart fabrics segment is envisioned to lead the smart fabrics market. This is on account of the numerous benefits it offers such as high efficiency and ease of manufacturing. On the geographical frontier, North America dominates the market owing to technological advancements and gadget sales in this region.
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Rising Demand for Wireless Devices to Soar the Market’s Growth
Discovery of smart fabrics is a landmark in the ever growing wearable devices industry. Consequently, it has it has boosted the demand for wearable devices, thereby ascending the growth of global smart fabrics market. Moreover, the consumer preference has shifted to miniaturized electronic devices that offer comfort and convenience. This has played a key role in booming the smart fabrics market.
Smart fabrics are superior to other wearable devices in many aspects such as data transfer, communication, and electric conductivity. These factors have led to a rise in demand for smart fabrics, thus expediting the smart fabric market’s growth. Additionally, the ease of use offered by smart fabrics has spurred the market’s growth.
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In addition to the aforesaid drivers, development of smart fabrics that offer recyclability and reusability has increased the consumer base of the market leading to its expansion. Furthermore, features such as low power consumption and integration of Bluetooth Low Energy (BLE) technology that offer better regulation of data will boost the smart fabric market’s growth. The development of low-cost wireless sensors has also led to the market’s expansion.
However, there are a few hindrances that may thwart the global smart fabrics market’s growth. Factors such as lack of workforce and initial investment may cause a shortfall in the global smart fabrics market. Nonetheless, companies are focusing on improving the functionality and aesthetics of the product. Additionally, they are emphasizing on new product developments. These factors may present new growth opportunities for the global smart fabrics market.
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High Demand from Healthcare Industry to Pave New Avenue for the Market
Healthcare industry demands real-time monitoring of patients using devices offer motion sensing. Smart fabrics optimally serve the purpose by offering benefits such as pressure sensing and electrocardiograms. This has presented several growth opportunities for the global smart fabrics market. Moreover, the new smart jacket launched by Nova known as the Twinery MAS has helped smart fabrics market expand its frontiers globally. Nova has used LightGuide technology that facilitates high visibility through illumination. In addition to this, it has a tiny detachable battery and is machine washable. This is a major breakthrough in the smart fabrics technology and will create new growth prospects for the smart fabrics market.
The study presented here is based on a report by Transparency Market Research (TMR) titled, “Smart Fabrics Market (Product - Ultra-smart Fabrics, Active Smart Fabrics, and Passive Smart Fabrics; Application - Sports and Fitness, Medical and Healthcare, Automotive and Transportation, Protection and Safety/Military, Fashion and Entertainment, and Home and Architecture; Function - Energy Harvesting, Sensing, Thermoelectricity, and Luminescent) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022”.
Abstract: Smart Fabrics report researches the worldwide its market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.Electronic textiles, also known as smart garments,smart clothing,smart textiles, orsmart fabrics, are fabrics that enabledigitalcomponents such as a battery and a light (including small computers), and electronics to be embedded in them.
Smart textiles are fabrics that have been developed with new technologies that provide added value to the wearer.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/32598/global-smart-fabrics-2025-599 Global Smart Fabrics market size will increase to 4.08 billion US$ by 2023, from 1.72 billion US$ in 2017, at a CAGR of 19% during the forecast period 2018-2023.
Get the Complete Report @ https://www.24chemicalresearch.com/reports/32598/global-smart-fabrics-2025-599In this study, 2018 has been considered as the base year and 2018 to 2023 as the forecast period to estimate the market size for Smart Fabrics.This study categorizes the global Smart Fabrics breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers Of Smart Fabrics are covered in this report: Resil ChemicalsPlussMahleSRFReliance IndustriesSterilite Optical TechnologiesAditya BirlaCentury Enka Smart Fabrics Breakdown Data by Type First Generation ProductSecond Generation ProductThird Generation ProductOthers Smart Fabrics Breakdown Data by Application Fashion Entertainmentphysical FitnessMedicalTransportationMilitaryConstructionOthers Smart Fabrics Production Breakdown Data by Region United StatesEuropeChinaJapanOther Regions Smart Fabrics Consumption Breakdown Data by Region North AmericaUnited StatesCanadaMexicoAsia-PacificChinaIndiaJapanSouth KoreaAustraliaIndonesiaMalaysiaPhilippinesThailandVietnamEuropeGermanyFranceUKItalyRussiaRest of EuropeCentral & South AmericaBrazilRest of South AmericaMiddle East & AfricaGCC CountriesTurkeyEgyptSouth AfricaRest of Middle East & Africa The study objectives are: To analyze and research the global Smart Fabrics capacity, production, value, consumption, status and forecast;To focus on the key Smart Fabrics manufacturers and study the capacity, production, value, market share and development plans in next few years.To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.To define, describe and forecast the market by type, application and region.To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.To identify significant trends and factors driving or inhibiting the market growth.To analyze the opportunities in the market for stakeholders by identifying the high growth segments.To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Smart Fabrics : History Year: 2014-2018Base Year: 2018Estimated Year: 2019Forecast Year 2019 to 2025 For the data information by region, company, type and application, 2018 is considered as the base year.
Whenever data information was unavailable for the base year, the prior year has been considered.
The Global Smart Fabrics Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.Smart fabrics are materials, which enable digital and electronics components to be embedded in the fabrics.
Smart fabrics are different from wearable devices as it emphasizes on seamless integration with electronic elements.
Remarkable innovations include photovoltaic fabrics and illuminated fashion as solar-powered tents, canopy covers for parking lots, charging stations, awnings for solar shadings, sailboat sails, truck tarp, boat covers, LEDs embedded fabrics, smart bandages and others.This report is segmented on the basis of applications, technologies and geography.
Fashion & entertainment and sports & fitness sectors are the leading application market for smart fabrics industries.
Nanofibers, conductive pressure-sensing fabrics and hybrid fabrics are the technologies used for the manufacturing and processing of smart fabricsMiniaturization of electronics, developments in material science and fiber technologies are driving the growth of smart fabrics at high pace over the forecast period.
Increasing usage of electronic devices, growing advent of wireless technologies, rapid technological advancements and incorporation of the same in manufacturing fabrics that could further be re-cycled, are the major factors for driving the growth of Global Smart Fabrics Market.Scope of Global Smart Fabrics Market Report-Smart fabrics are fabrics in which digital and electronic components are integrated.
These tissues can recognize sensory stimuli in the surrounding environment and adapt and respond to these stimuli in a predetermined manner.
Since most consumers are adopting a busy lifestyle, which is caused by the growth of a large workforce, consumers today are keen to get everything they want in their daily lives.
In terms of performance, smart fabrics have been widely used in extreme sports, athletics and the military, including controlled muscle vibration, wind resistance and body temperature regulation.
On the basis of function, market is segmented into sensing, luminescence, thermal electricity, energy harvesting and others.
On the basis of country level, market of smart Fabrics is subdivided into U.S., Mexico, Canada, U.K., Germany, France, Italy, China, Japan, South East Asia, Africa, etc.Smart Fabrics Manufacturers:Smart Fabrics Market report covers major key players in the market like,Google Inc.AdidasBally Ribbon MillsInternational Fashion Machines, Inc.Intelligent Clothing Ltd.Interactive Wear AGTextronics, Inc.AiQ Smart ClothingVista Medical Ltd.Schoeller Textiles AGGentherm IncorporatedSensoria IncOTEX Special Narrow FabricsOthers.Global Smart Fabrics Market Dynamics-Increasing usage of electronic devices, growing advent of wireless technologies, rapid technological advancements and incorporation of the same in manufacturing fabrics and textiles that could further be re-cycled and reused, are the major factors for driving the growth of Global Smart Fabrics Market.
A global research report called Smart Fabrics market was recently published by Reports and Data to provide guidance for business.
The report also focuses on global major leading industry players of the Smart Fabrics market providing information such as company profiles, product picture, and specification, price, capacity, cost, production, revenue, and contact information.
This report also states import and export consumption, supply and demand figures, cost, price, revenue, and gross margins.The report also presents a comprehensive analysis of the global Smart Fabrics market in view of the Covid-19 pandemic.
The pandemic has affected the market in terms of sales, production, financial investment, international trade activities, and market disruption.
The global Smart Fabrics market is expected to reach USD 10.64 Billion in 2028 from USD 1.46 Billion in 2020 at a CAGR of 28.3%.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3194 Digital technology and sensors embedded in smart clothing monitor the vitals of patients such as heart rate, blood pressure, blood sugar, and breathing.
Smart clothing products are widely preferred in healthcare facilities due to their high efficiency in obtaining accurate patient data with the help of embedded sensors in the clothing.
The global Smart Textiles/Fabrics Market is to witness a substantial growth due to the high-end demand for sophisticated miniature electronic products with advanced sensing & reacting capabilities.
Development of Bluetooth Low Energy (BLE) technology for connecting sensor-based devices to the Internet is anticipated to favor the growth of smart textiles market in the upcoming years.
Smart textiles are gaining traction in various end-use application sector such as sports & fitness industry and defense & military sector, thereby offering lucrative growth prospects to market players in the past few years.
Use of smart textile offer cost efficient and less time consuming production cycles, thereby further contributing to the overall industry demand.
Inc., Clothing Plus Oy, Adidas AG, Infineon Technologies AG, Weartech, Fibertronic Ltd., and Peratech Ltd. Market Segment: Smart Textile Product Outlook (USD Million; 2014 - 2024)• Passive• Active• Very Smart Smart Textile Application Outlook (USD Million; 2014 - 2024)• Fashion & Entertainment• Sports & Fitness• Medical• Transportation• Protection & Military• Architecture Smart Textile Regional Outlook (USD Million; 2014 - 2024)• North America• U.S.• Canada• Europe• Germany• UK• Asia Pacific• China• India• Japan• Latin America• Brazil• Middle East & Africa Browse Full Research Report with TOC @ https://www.millioninsights.com/industry-reports/smart-textiles-market-size Table of Contents Chapter 1.
List of Data Sources Chapter 2.
