Future Market Insights

How Smart Fabrics Market Will Grow in Future? FMI Research Offers Insights

Future Market Insights has announced the addition of the “Smart Fabrics Market: Global Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.

 

Valley Cottage, NY -- (SBWIRE) -- 07/17/2017 -- Smart fabrics, also known as smart textiles, E-textiles or electronic textiles, are the fabrics that has electronics and digital components embedded in them. These are the fabrics that can sense stimuli from environment and adapt and react to those stimuli in a predetermined manner. Smart fabrics can incorporate actuators/sensors, communication and processing for applications in automotive sector, consumer products and health monitoring. The basic elements of smart fabrics are semi conductive and conductive yarns and threads, Nano electronics applied to yarns, fibres or woven elements. Smart fabrics are even chemically treated to provide distinct and special features. Smart fabrics are traditional fabrics with integrated functionalities, which could include storage or power generation, sensing devices, human interface elements, assistive technology or radio frequency functionality. Smart fabrics are distinct from wearable fabrics in a way that wearable devices are only carried and contained by clothing, whereas smart fabrics has wearable devices integrated into the fabrics. Nowadays, smart fabric technology is developing in the fields of sport, medical, artistic communities, fashion etc. The global smart fabrics market is expected to expand at a healthy CAGR in the forecast period.

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
International Fashion Machines
Interactivewear
Fibertronic
Eleksen Group Plc