Smart Fabrics Market Trends, Growth Opportunity and Statistics Forecast To 2027

Posted by RakshaGajbhiye on February 2nd, 2021

The Smart Fabrics market is set to attain a valuation of USD 9.75 billion by 2027, registering a CAGR of 30.9%, according to the latest report by Reports and Data. Smart Fabrics are technologically advanced fabrics used to improve aesthetic value and performance. The applications of Smart Fabrics are widespread in several industries, including sports & fitness, protection & military, medical & healthcare, fashion & entertainment, automotive & transportation, and home & architecture.

The manufacturing process of these types of fabrics is quite costly, and the lack of exhaustive standards or regulations are creating problems for small manufacturers who want to scale up and commercialize new technologies. Since the products are of high price, the customer segment is also becoming confined to rich people.

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.

Market Drivers 

The major driving force for the development of the Smart Fabrics market is the increasing demand from protection, sports and fitness, healthcare sector and military along with the growing wearable electronics production. Smart Fabrics now offer multi-vendor interoperability due to Bluetooth Low Energy (BLE) technology integration, and also help in regulating data if connected with internet. These technology-enabled factors with their growing popularity are driving the market growth. Large manufacturers are also looking for innovative manufacturing solutions so that the price can be reduced.

Reports and Data have segmented the global Smart Fabrics market on the basis of Source, Product, Application and region:

Type Outlook (Revenue, USD Billion; 2020-2027)

  • Active Fabrics
  • Passive Smart Fabrics
  • Ultra-Smart Fabrics

Application Outlook (Revenue, USD Billion; 2020-2027)

  • Sports & Fitness
  • Medical & Healthcare
  • Automotive & Transportation
  • Protection & Military
  • Fashion & Entertainment
  • Home & Architecture
  • Travel & Outdoor
  • Others

Functionality Outlook (Revenue, USD Billion; 2020-2027)

  • Sensing
  • Energy Harvesting
  • Thermoelectricity
  • Luminescence & Aesthectics
  • Others

Regional Analysis

According to 2019 reports, the North American region was the leading consumer in the Smart Fabrics market. The growing popularity of smart and technology-enabled applications and connected wearable products like smartwatches, fitness bands, and smart glasses in the U.S. is positively affecting the market over the forecast period. The average disposable income of people in this region is higher, which is providing a huge boost to the industry.

Reasons to buy this market intelligence report:

  • Detailed market evaluation both at regional and global levels.

  • Significant changes in market scenario, along with an extensive competitive analysis.

  • Classification of the industry based on product type, application, and region.

  • Market segments segregated on the basis of type, application, and geography.

  • Comprehensive analysis of the historical data and contemporary market scenario to infer industry size, volume, share, growth, and sales.

  • Investigation of significant developments in the market dynamics.

  • Niche market segments and regions.

Thank you for reading our report. For further inquiry, please connect with us, and our team will make sure the report is customized according to your requirements.


About the Author

Joined: January 10th, 2020
Articles Posted: 374

BitKong: Fairest and most thrilling Bitcoin casino on the market
Win serious funds fast when you stack the BitKong bonus combo, cash in on the referral program, or hit the massive jackpot then walk away with your life changed.
CryptoKnight Capital - Earn Crypto on Auto-Pilot!
Start investing safely in crypto when you follow our automated cryptocurrency trading portfolios. Let us do the work and earn you money!
RocketPot Crypto Casino
Online casino ¤ Level up and open chests with total rewards more than 100 BTC ¤ Play online casino with BTC, ETH, LTC. Join our community
Claim 1 FREE Stock! No Purchase Necessary!
You have a 100% chance of receiving one free stock! Click to claim and have a chance to get one share of Facebook, Visa, Microsoft and others for free!
FREE App - Earn up to 25/gal cash back on gas!
Download this FREE app and earn cash-back when you buy gas, groceries and food! 100% FREE to join and FREE to earn cash back on your everyday purchases!
Quality Office Furniture USA Shipped Direct - Madison Liquidators
Nationwide vendor of quality office furnishings including Desks, Office Chairs, Conference Tables, Cubicles and more!