The global smart fabrics market is expected to rise at significant CAGR during the forecast period. Smart fabrics are also referred to as electronic textiles, smart textiles, or E-textiles. Advancement in technology allows developing new capabilities in apparel, technology, and textile industries. They are distinguished from normal textiles by their ability to grow, match, transform, and even conduct energy, adding value to the wearer. The smart fabric market is a promising market, created as a result of the significant research and development towards wearable textile-based personal systems. Additionally, the growth of the market is driven by rising usage of electronic devices such as sensor in the textile industry. The increase in demand for smart wearables can also be attributed to the introduction of conductive materials and advanced fibers.
The smart fabrics market is segmented on the basis of type into active, passive and ultra-smart. On the basis of application, the market is segmented into fashion, sports, medical, automotive and others. The healthcare industry is projected to be the fastest-growing segment driven by wearable devices determined towards improving patient care. Health monitoring, protection and safety, and healthy lifestyle gained strong interest which is expected to contribute to the global smart fabric marker across the globe. On the basis of region, the market is segmented on the basis of the region including North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is the dominating region in smart fabrics market having about half of the market share due to the rising demand increasing product demand in the transportation and healthcare industries. The key players operating in the market include Thermosoft International Corp., AiQ Smart Clothing, Inc., EXO2 The Heat Inside, Sensing Tex, S.L., Nike, Inc., and Adidas AG. Apple received a major patent for smart fabric that targets future products such as smart Fabrics, Apple TV Remote, MacBooks, and more.
Research Methodology:
The market study of the global smart fabrics market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
- Financial reports of companies involved in the market
- Authentic public databases
- Whitepapers, research-papers and news blogs
- Company websites and their product catalog
The report is intended to smart fabric companies, start-ups, sensor companies, tech investors, third-party integration providers, government organizations, for overall market analysis, and competitive analysis. The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation:
- Global Smart Fabrics Market Research and Analysis by Type
- Global Smart Fabrics Market Research and Analysis by Application
The Report Covers:
- Comprehensive research methodology of the global smart fabrics market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Insights about market determinants which are stimulating the global smart fabrics market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
