Smart Fabrics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027

Smart Fabrics has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics have been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio, and recent developments. The Market share and Market size prominent players for 2022 to 2027 are profiled in this report.

Smart Fabrics is envisaged to record an expansion at the CAGR of 14.1% over the forecast period, 2022 - 2028

Competitive Landscape:

 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

Industry News:

- March 2020 - Liquid X partnered with Powercast to help manufacturers implement wearable sensors directly into garments. The offering further serves as a potential to athletics and monitor patients.
- September 2019 - Shenzhen-based Smart Fabric Textile Technology co., Ltd, an industrial internet startup, closed its Series C round, which is led by Tencent and Sequoia by bagging USD 100 million. Smart Fabric aims to help transform both the manufacturing and trading of China's textile industry.

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Scope of the Report

- The growth in the wearable electronics industry?? is driving the market. The growing demand for smart wearables across various end-user industries is the major factor driving the growth of the smart fabric market. A significant amount of effort is witnessed in order to expand what fabric wearables can do with respect to payments. Mastercard developed a partnership with Timex to integrate contactless payments into their watches, while a U.K.-based CashCuff did the same with the cufflinks. When such distinguished applications become mainstream, which it has, the market is very likely to shift to accommodate similar trends on smart fabrics.

Key Market Trends

Fashion and Entertainment Industry to Witness Significant Growth

- 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. Smart fabrics in clothes enable the user with the capability to interact with their surroundings and to communicate data via embedded sensors or conductive yarn through the clothes they wear with the wearable devices.

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North America to Account for a Significant Market Share

- North America is anticipated to substantiate a prominent share in the smart fabrics market, with the United States region accounting for the major share. Connected wearable products are gaining significant trends and have been around in various forms, such as fitness bands, smartwatches, smart glasses, and among others.
- According to the Consumer Technology Association (CTA), in 2018, around 46.1 million wearable devices were expected to be shipped in the United States. This increasing adoption of wearable electronics devices is anticipated to open new avenues for the smart fabrics market as they offer significant enhancements to human comfort, health, and well-being.

Highlights about Smart Fabrics report coverage:

- A complete background analysis, which includes an assessment of the Global Smart Fabrics.

- Important changes in Smart Fabrics dynamics

- Smart Fabrics segmentation up to the second & third level regional bifurcation

- Historical, current, and projected size of the Smart Fabrics with respect to both value (Revenue) and volume (Production & Consumption)

- Reporting and evaluation of recent Smart Fabrics industry developments

- Smart Fabrics shares and strategies of key players

- Emerging niche Smart Fabrics segments and regional markets

- An objective assessment of the trajectory of the Smart Fabrics .

- Recommendations to companies for strengthening their foothold in the Smart Fabrics .

The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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This release was published on openPR.