Press release
Smart Fabrics Market Revenue and Value Chain 2016-2026
Global smart fabrics market – Drivers and Restrains
The ever increasing use of electronics devices in day to day life is driving the smart fabrics market due to major application of smart fabrics as an electronics device. The ease of use of smart fabrics and the integration of electronic devices in it, makes it an integrated device for normal use as a simple fabric, which further contributes in the flourishing global smart fabrics market. The rising awareness and multiple applications of smart fabrics such as energy harvesting, sensing, and thermo-electricity is anticipated to bolster the global smart fabrics market.
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However, the smart fabrics devices require a portable power supply that need to be removed during washing and needs to be charged frequently. Thus this is a factor that can slowdown the growth of global smart fabrics market. Also the initial high cost and the expertise required to manufacture these fabrics can be a hurdle in the path of global smart fabrics market.
Global smart fabrics market – Segmentation
On the basis of the product type, the global smart fabrics market can be segmented as follows:
Ultra-smart fabrics
Active smart fabrics
Passive smart fabrics
On the basis of the functionality, the global smart fabrics market can be segmented as follows:
Thermo-electricity
Energy harvesting
Sensing
Luminance
On the basis of the end use industry, the global smart fabrics market can be segmented as follows:
Healthcare
Automobiles
Electrical & Electronics
Articheture
Construction
Global smart fabrics market – Region wise Outlook
The global smart fabrics market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa. North America is a leading player in the global smart fabrics market due to the ever increasing electronics market in this region and the booming information technology sector. Asia Pacific is the next upcoming region in the global smart fabrics market owing to the flourishing healthcare industry and construction industry. India and China are the leading countries in this region contributing in the growth of global smart fabrics market. The ever increasing automobiles market in Europe is a driving factor for the growth of smart fabrics in this region, thus witnessing a healthy CAGR in the forecast period. Latin America and Middle East and Africa are at a nascent stage in the global smart fabrics market but are projected to have a significant CAGR in the future.
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Global smart fabrics market – Key Players
Some of the key players in the global smart fabrics market are:
adidas Group
Textronics, Inc
Outlast Technologies LLC
Milliken & Company
KCWW
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