Press release
Smart Fabrics Market 2021 Analysis and Precise Outlook - Adidas AG, NIKE Inc., ThermoSoft International Corporation, Kolon Industries Inc., Interactive Wear AG
The Global Smart Fabrics Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.The Smart Fabrics Market is expected to grow at a CAGR of 19.89% over the forecast period 2020 to 2025.
Top Companies in the Global Smart Fabrics Market are 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. and others.
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Key Market Trends
Fashion and Entertainment Industry to Have Significant Market Share
- The fashion and entertainment industry is using smart fabrics to incorporate unique aesthetics into clothing. Appearance features, such as color, size, or shape of garments, can be altered using technology woven into fabrics.
- In fashion industry, the market studied is driven by innovations of the designers coming up with new and aesthetically pleasing outfits, integrated with a useful technical architecture capable of relaying information. Many brands, ranging from Uniqlo to Lululemon, are using smart fabrics to set their collections ahead of the pack.
- The French startup Spinali Design makes high-end beachwear with integrated ultraviolet light sensors that tells the wearer when its time to apply sunscreen, and distance trackers that tells the parents when the kids have wandered too close to the surf.
- Since the past few years, Google was working with Levi Straus on a future smart jean jacket under Project Jacquard, that would eventually lead to a jean jacket with smart fabric sleeves with built in touch controls. In November 2019, the project was commercialized on new Jean jackets from Levis. The jacket costs USD 198 USD 248.
North America to Account for a Significant Market Share
- North America is expected to hold a prominent share in the smart fabrics market, with the United States accounting for the major share in the region. Connected wearable products have been gaining significant traction in the region and have been around in various forms, such as fitness bands, smart watches, and smart glasses, among various others.
- According to the Consumer Technology Association, in 2018, around 46.1 million wearable devices were forecasted to be shipped in the United States. Thus, increasing adoption of wearable electronics devices is expected to open new avenues for the smart fabrics market in the region as they offer significant enhancements to human comfort, health and well-being.
- International technology giants, such as Google and Microsoft have increased their investments into wearable technology, extending into the fashion design field. For instance, Microsoft has been working on a smart scarf that will notify users on various things by vibrating and heating up. The scarf can ideally be used to soothe those with disorders, such as autism that have trouble maintaining control of their feelings.
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What are the market factors that are explained in the report?
Executive Summary: It includes key trends of the global Smart Fabrics market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Smart Fabrics market based on production and revenue.
Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Smart Fabrics market.
Market Segments: This part of the report discusses product type and application segments of the global Smart Fabrics market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses the research methodology and approaches Smart Fabrics used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
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Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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