What is Smart Fabrics?
Smart fabrics are the resources that can sense and respond to environmental or external conditions. Sensors and nanotechnology are the significant factors of the global smart textiles market. Active fabrics, passive smart fabrics and ultra-smart Fabrics are the categories of smart Fabrics. The application included gadgets, smartphones, smartwatches, wristbands, wireless sensors, heart rate monitors, pedometers and motion sensors. For military and defense sector Smart textiles used in GPS trackers, helmets, wearable robots, and other equipment. Smart fabrics include personal health management through integration, validation, and use of smart clothing this has led to significant growth of the smart fabrics market in the forecast period.
The market study is broken down by Type (Active Smart Fabrics, Passive Smart Fabrics and Ultra-smart Fabrics) and major geographies with country level break-up.
The Vendors having a strong hold in the market are Adidas AG, NIKE Inc., ThermoSoft International Corporation, and Kolon Industries Inc.. Analysts at AMA Research estimates that Vendors from United States and European will contribute to the maximum growth of Global Smart Fabrics market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Adidas AG (Germany), NIKE Inc. (United States), ThermoSoft International Corporation (United States), Kolon Industries Inc. (South Korea), Interactive Wear AG (Germany), Ohmatex (Denmark), Schoeller Textil AG (Switzerland), Sensoria Inc. (United States), OTEX Specialty Narrow Fabrics Inc. (United States) and Intelligent Clothing Ltd. (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are AIQ Smart Clothing Inc. (Taiwan), Peratech Ltd. (United Kingdom), Pireta Ltd (United Kingdom), KYMIRA (United Kingdom), infi-tex (United Kingdom), Sensing Tex (Spain) and Embro GmbH (Germany).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Smart Fabrics market by Type, Application and Region.
On the basis of geography, the market of Smart Fabrics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Smart Fabric Technology will boost the Smart Fabrics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Electrical & electronics will boost the Smart Fabrics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 9th July 2018, OTEX Specialty Narrow Fabrics, Inc. has pleased to announce that OTEX has greatly expanded their portfolio of narrow-woven, high-performance textiles qualified by Underwriters Laboratories (UL) testing to rigorous National Fire Protection Association (NFPA) standards.
On 17th September 2019, Schoeller has introduced that its new PROEARTH collection of biodegradable textiles. The new collection, comprised of bluesign approved fabrics with biodegradable polyester. the company has debuted as part of its Schoeller FTC (SFTC) line, a joint venture between Schoeller Textil AG and the Taiwanese Formosa Taffeta Co. Ltd., at Premiere Vision Paris, September 17-19.
Market Trend
- Trending Devices such as Heart rate monitors, Pedometers and Motion sensors, Small Wireless Sensors
Market Drivers
- The rising demand for the sports and fitness sector and the healthcare industry of smart fabrics is the major driver for the global smart fabric market. Sports and fitness sector and healthcare industries measure similar features, though the sports and fitness industry is not required to go through regulatory issues since the products are not categorized as medical products.
Opportunities
- Unified Integration of Technology into the Fabric
- Increasing Demand for Good Quality Fabric
Restraints
- Slow Acceptance of Smart Fabrics
- High Amount of Toxic Waste Production
Key Target Audience
Manufacturers of Smart Fabrics, Suppliers of Smart Textiles, Wholesalers, Distributors, and Retailers of Smart Fabrics, Healthcare Industry, Sports Organizations, Regulatory Bodies and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.