The Smart Fabric Market is likely to hold the global market at a moderate CAGR of ~20% during the forecast period. The global market holds a forecasted revenue of ~US$ 2.9 Billion in 2022 and is likely to cross ~US$ 14.8 Billion by the end of 2032.
The smart fabric market is anticipated to show promising growth prospects during the forecast period, expanding the smart fabrics market size.
Attribute
Details
The Smart Fabric Market Estimated Size (2021)
~US$ 2.4 Billion
The Smart Fabric Market Estimated Size (2022)
~US$ 2.9 Billion
The Smart Fabric Market Projected Size (2032)
~US$ 14.8 Billion
The Smart Fabric Market CAGR (2022 to 2032)
~20%
The global textile industry is on the rise and always has new trends every incoming year. This textile industry has a high impact on the global market. The textile industry deals with multiple products like yarns, threads, fabrics, garments, and many other sectors.
The textile and fabric sector has gone through some changes and evolved, developing new trends and technologies. The main reason for these changes is the COVID pandemic. People were in lockdown for a year and developed new preferences for clothing. People are constantly in search of comfortable and simple clothing as a habit from lockdown. Manufacturers and marketing companies are also approaching customers using unique methods. These major changes are changing the textile industry.
Along with smart devices and appliances, smart fabrics are also becoming a new trend all over the world. This new trend is having high potential and can change the future of the clothing sector.
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Potential of smart fabric in Healthcare and defence sector might boost the market value in future.
The fabric business is embracing smart fabrics, a brand-new invention that provides clients with numerous simple accessibilities in terms of performance and aesthetics of customers. Due to the hectic lifestyles that the majority of consumers are adopting and the increase in the number of workers, consumers increasingly demand everything they need in their day-to-day lives to be easily accessible.
Smart fabrics are simply the integration of monitors and sensors in clothing. This trend was introduced as a result of the increasing popularity of wearables and smart devices. There is a number of uses for these smart fabrics, especially in the healthcare sector. Smart sensors and monitors are used to detect and record the body temperature, heart rate, and other changes in the body. Such smart clothing will provide all the crucial information about the patient and help in treatment.
The smart fabric is also used in the defense sector for military uniforms. There are many smart features as temperature control and camouflage, which are really unique and revolutionary. The research and development in the sector are working on developing smart clothing with wireless communication technology for ease of accessibility. All these trending innovations are promising growth of the smart fabric market.
Problems like comfort and cost are restraining the smart fabric market.
Smart fabrics are ensuring a promising future for the textile industry, but there are some restraints that this sector has to overcome.
The main problem with smart clothing is comfort. There are lots of wires inside this clothing attached to monitors. This is not comfortable for the user if the individual is working or resting. These wires and monitors can irritate the wearer and can cause rashes on the skin. This is one big concern to solve in front of smart textile companies.
There are chances of glitches and malfunctions of these monitors and sensors. The sensors attached to the smart clothing can malfunction, as there might be sweat, or some other factors disturbing the proper functioning. This problem defeats the whole purpose of smart clothing.
The monitors and sensors used for these smart clothes are expensive, and people on a tight budget cannot afford them. These clothes can be used only by premium-class people with high disposable income. Middle-class people might miss the advantages of this smart clothing.
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Country Insights
The American team of researchers has developed a smart fitting technology embedded cloth.
A team of Researchers at the Massachusetts Institute of Technology (MIT) has created smart fabrics that closely fit the body and employ a cutting-edge fabrication technique to detect the wearer's posture and movements. The incorporation of a unique kind of plastic yarn and a technique known as thermoforming, which involves gently melting the plastic yarn with heat, allowed the researchers to significantly increase the accuracy of pressure sensors, which are woven into multi-layered clothes, with the ‘3DKnITS tag’, monitoring the sensory data.
Japanese and Chinese researchers develop energy-harvesting smart fabric.
A team of researchers from the University of Fukui, Japan, and Nanjing University, China has developed a smart fabric that can charge small devices. This fabric is developed by using triboelectric nanogenerators. These generators use the energy produced by motion into electric energy. The electricity produced by these generators can be used to charge devices while doing physical activities like walking or running. This fabric is multi-layered, making it breathable and comfortable for the wearer.
Competitive Landscape
Some key players in the Smart Fabrics market are Adidas, Footfalls & Heartbeats Ltd., AiQ Smart Clothing, BoditTrak, DuPont, Lifesense, Nextiles, OTEX Specialty Narrow Fabrics, Bally Ribbon Mills, and others. These are popular and well-known brands all over the world.
Nextiles, a smart textile company has developed a smart thread technology that can capture the biometric data of the user. The technology for these clothes is simple, the circuit boards are printed on the cloth and they are sewn together with spandex and nylon cloth. This sportswear is flexible and breathable and can provide details such as power, fatigue, strain, and much more.
Bally Ribbon Mills announced their active participation in Smart Fabrics Summit 2022, and their new creative solutions for product designing and development ideas. BRM also claimed to be showcasing new textile samples which will be used for the development of smart clothes.
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Scope of Report
Attribute
Details
Growth Rate
CAGR of ~20% from 2022 to 2032
The base year for estimation
2021
Historical Data Available for
2017 to 2021
Forecast Period
2022 to 2032
Quantitative units
Revenue in USD Billion, volume in Units, and CAGR from 2022 to 2032
Report Coverage
Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, pricing analysis
Segments Covered
Application, Function, Distribution Channel, Region
Country scope
USA; Canada; Mexico; Germany; UK; France; Italy; Spain; Russia; India; Thailand; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa
Key Companies Profiled
Adidas
Footfalls & Heartbeats Ltd.
AiQ Smart Clothing
BoditTrak
DuPont
Nextiles
LifeSence
OTEX Specialty Narrow Fabrics
Bally Ribbon Mills
Others
Customization scope
Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
Avail customized purchase options to meet your exact research needs.
Key Segments Profiled in the Smart Fabric Market
By Application:
Performance Tracking
Energy Generation
Aesthetics
Others
By Function:
Healthcare
Sports
Defense and Military
Others
By Distribution Channel:
Direct
Indirect
Hypermarket/Supermarket
Specialty Stores
Online Store
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
Frequently Asked Questions
What is the current smart fabric market value?
The smart fabric market is expected to reach a valuation of ~US$ 2.9 Billion in 2022.
What are the key trends driving the smart fabric Market?
The smart textile industry is still in its early stages and have lots of potential for development and research. As smart clothing can offer lots of features that may be useful for monitoring health condition and ease of accessibility, they are becoming a hot topic for many big technology companies, driving the market.
Who are the leading players in the smart fabric market?
Leading players operating in smart fabric market are Adidas, Footfalls & Heartbeats Ltd., AiQ Smart Clothing, BoditTrak, DuPont, Lifesence, OTEX Specialty Narrow Fabrics, Bally Ribbon Mills, Nextiles and among others.
