Smart Fabric Market | Trends, Dynamics and Valuable Opportunities for Emerging Players- Credence Research

Smart Fabrics refers to the fabrics that have embodied technological components woven into them. The fabrics are reinforced with electronic components to make the fabric more adaptable. They are currently used for limited applications such as the production of different sports and fitness apparel, healthcare, transport, fashion and design apparel, etc. It can be either of the two types – smart fiber aesthetics or smart fiber performance – that define their future applications. Some Smart Fabrics accumulate energy from the surroundings by extracting sound, heat, or vibrations that respond to these inputs. Based on the functionality, they are classified into Sensing, Energy Harvesting, Luminescence & Aesthetics, Thermoelectricity, and Others. Based on the end-user, the market is bifurcated into Sports & Fitness, Medical, Transportation, and Others.

The global smart fabric market was US$ 876.3 Mn in 2018 and expected to progress with CAGR of 26.8% from 2019 to 2027, reaching US$ 7,425.5 Mn in 2027.

Market Insights

“Growing application of smart fabrics, driving the market growth”

Smart fabrics are manufactured to include technologies that increase the functionality of the wearer. It senses and reacts to stimuli or to environmental conditions, such as those from thermal, mechanical, chemical, magnetic and other sources. Global demand for various smart textile products has steadily increased as a result of their growing application base in end-user industries. Most of the demand for smart textiles comes from end-use industries such as military and defense and healthcare. In both developed and developing countries, there will be an increase in demand with innovative trends. This can be attributed to the factors such as increase in standard of living, rising incomes, awareness of safety and environmentalism, advances in medical technology, expanding automotive sectors, and increased spending on healthcare. 

Integration of smart textiles & wearables, use of nanotechnology in textiles, applications in smartphones, wearables in healthcare sector, and application in the military, defense & sports sector are the major factors that drive the smart textile market across the globe. Increasing research and development in the smart textile market along with the growing demand in emerging economies such as India and China are acting as major opportunities in the global smart textile market. 

The overall smart fabric market is competitive in nature and it is growing at moderate rate. The market players are adopting strategies such as launching innovative & new products, agreements, partnership & collaboration, and investment in R&D to stay competitive in the market.

Industrial Developments

• In January 2018, DuPont Advanced Materials (DuPont) announced today its latest smart clothing technology under a new brand identity – DuPont™ Intexar™. Intexar™ transforms ordinary fabrics into active, connected, intelligent garments that enable critical biometric data collection including heart rate, breathing rate, form awareness and muscle tension. 
• The Intexar™ product line includes a set of unique, compatible, and stretchable inks and films that enable comfortable, durable and washable smart garments. Intexar™ offers superior stretch and comfort and is easily integrated into garments to make smart clothing. Intexar™ smart clothing technology used for sports, fitness and wellness.

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Key Market Movements:

• Based on product type, passive smart fabric segment captured the largest share in 2018. However, active & ultra-smart fabrics expected show good growth during the forecasted period pertaining to development in AI and nanotechnology.
• Based on functionality, sensing segment expected to show strong growth from 2019 to 2027.
• Based on application, sport & fitness segment expected to grow with highest CAGR from 2019 to 2027. 
• Based on region, North America was the largest regional smart fabric market in 2018. On the other hand, Asia Pacific region expected to drive the market growth with the highest CAGR from 2019 to 2027.

List of Companies Covered:

• AIQ Smart Clothing Inc.
• Adidas AG
• NIKE Inc.
• ThermoSoft International Corporation
• Kolon Industries Inc.
• Interactive Wear AG
• Ohmatex
• Schoeller Textil AG
• Sensoria Inc.
• OTEX Specialty Narrow Fabrics Inc.
• Others

Table of Contents:

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Smart Fabric (SF) Market
2.2. By Fabric Type, 2018 (US$ Mn)
2.3. By Functionality, 2018 (US$ Mn)
2.4. By Application, 2018 (US$ Mn)
2.5. By Geography, 2018 (US$ Mn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global SF Market Value, 2017 – 2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Market Trends
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Smart Fabric (SF) Market, by Fabric Type , 2017 – 2027 (US$ Mn)
4.1. Overview
4.2. Passive Smart Fabrics
4.3. Active Fabrics
4.4. Ultra-smart Fabrics

5. Global Smart Fabric (SF) Market, by Functionality, 2017 – 2027 (US$ Mn)
5.1. Overview
5.2. Sensing
5.3. Energy Harvesting
5.4. Luminescence & Aesthetics
5.5. Thermoelectricity
5.6. Others

6. Global Smart Fabric (SF) Market, by Application, 2017 – 2027 (US$ Mn)
6.1. Overview
6.2. Protection & Military
6.3. Fashion & Entertainment
6.4. Sports & Fitness
6.5. Medical
6.6. Transportation
6.7. Architecture

7. North America Smart Fabric (SF) Market Analysis, 2017 – 2027 (US$ Mn)
………

8. Europe Smart Fabric (SF) Market Analysis, 2017 – 2027 (US$ Mn)
………

9. Asia Pacific Smart Fabric (SF) Market Analysis, 2017 – 2027 (US$ Mn)
………

10. Rest of the World Smart Fabric (SF) Market Analysis, 2017 – 2027 (US$ Mn)
………

11. Company Profiles
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