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Smart Fabrics Market Size, Application, Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2024 -2032
Smart Fabrics Market
Key Market Drivers
One of the key drivers for the growth of the smart fabrics market is the rising adoption of smart wearables. Devices like fitness trackers and smartwatches have seen widespread use in healthcare, fitness, and lifestyle applications. By 2024, it is projected that up to 440 million wearable medical devices could be in use globally, enabling real-time health monitoring and other innovative functionalities.
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Additionally, the integration of contactless payment features into wearable technology is opening new avenues for smart fabrics. Companies like MasterCard and Timex have collaborated to incorporate this functionality into their devices, paving the way for future developments in the market.
The miniaturization of electronics and advancements in flexible electronics are further propelling market growth. Research institutions, like UMass Lowell, are leading efforts to develop wearable antennas and carbon-based transistors that enhance the functionality of smart fabrics.
Market Challenges
Despite the growth prospects, high production costs present a significant barrier to market expansion. Incorporating sensors and microprocessors into fabric requires costly manufacturing processes. Additionally, concerns around data security and privacy are expected to be challenges for the market. Smart fabrics often collect sensitive data, which can be vulnerable to breaches if proper protections are not in place.
Segment Highlights
The active smart fabrics segment held the largest market share in 2022, driven by high demand in sports and fitness applications. These fabrics are integrated into products like running shoes, fitness bands, and workout clothes, offering enhanced performance and comfort through features like moisture-wicking and temperature control. Brands like Adidas are pushing the boundaries with innovative materials like SPINNOVA fibers, promoting sustainability alongside functionality.
Meanwhile, the passive smart fabrics segment is projected to experience the fastest growth during the forecast period. Passive fabrics, which detect external factors such as human movement, offer cost-effective solutions and enhanced functionalities, including being bulletproof and anti-microbial.
Functional and Application Insights
In terms of functionality, the sensing segment leads the market, with fabrics embedded with sensors that monitor temperature, pressure, and movement. These fabrics are widely used in military, healthcare, and fitness applications. The development of energy-harvesting fabrics, which can store energy from sources like solar power, is also gaining momentum, driving further market growth.
The military and defense sector accounted for the largest market share in 2022, where smart fabrics are used to enhance soldier safety and performance through body monitoring and communication systems. On the other hand, the sports and fitness segment is expected to register significant growth, as smart fabrics continue to be integrated into fitness tracking and health monitoring devices.
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Smart Fabrics Top Companies and Competitive Landscape
The global smart fabrics market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective smart fabrics.
Some major players included in the global smart fabrics market report are:
Adidas AG
AiQ Smart Cothing Inc.
Clothing Plus Ltd.
Dupont De Nemours Inc.
Gentherm Incorporated
Google LLC
Interactive Wear AG
Ohmatex A/S
Schoellar Textil AG
Sensoria Inc.
Texas Instruments Incorporated
Textronics
Vista Medical Ltd.
Nike, Inc
Jabil Inc.
Smart Fabrics Latest Industry Updates
In February 2021, DuPont purchased Tex Tech's Core Matrix Technologies. This monolithic fabric structure can improve ballistic and fragment performance for law enforcement and military personnel while also reducing back face injuries. The National Institute of Justice (NIJ) becomes able to fulfil new criteria for greater durability with the most flexible and lightweight ballistic solutions due to this acquisition, which adds to the company's already extensive portfolio of life protection solutions. The new technology not only improves protection but also makes wearing bullet-resistant body armour more comfortable.
In April 2023, scientists in the United Kingdom made a big breakthrough by creating the world's first smart fabric, capable of changing shape and colour in response to two different stimuli: electricity and heat. This innovative discovery opens up a wide range of opportunities in several fields, such as robotics and virtual reality. Stimuli-responsive materials (SRMs) used in the fabric respond to outside stimuli including light, temperature, magnetic forces, and electricity. The SRM changes in mechanical characteristics, molecular makeup, or structure in response to various inputs. This development opens the door to novel uses and improvements in responsive fabrics.
Smart Fabrics Market Segmentation Analysis
For the purpose of this report, Emergen Research has segmented global smart fabrics market on the basis of type, functionality, application, and region:
Type Outlook (Revenue, USD Billion; 2019-2032)
Passive Smart Fabrics
Active Fabrics
Ultra-smart Fabrics
Functionality Outlook (Revenue, USD Billion; 2019-2032)
Sensing
Energy Harvesting
Luminescence & Aesthetics
Thermoelectricity
Others
Application Outlook (Revenue, USD Billion; 2019-2032)
Military and Defense
Architecture
Healthcare
Sports and Fitness
Fashion and Entertainment
Automotive
Others
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Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Russia
Rest of Europe
Asia Pacific
China
Japan
South Korea
India
ASEAN Countries
Oceania
Rest of APAC
Latin America
Brazil
Mexico
Rest of LATAM
Middle East & Africa
GCC Countries
Israel
Turkey
South Africa
Rest of MEA
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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