Smart Fabrics : The Future of Fabrics / Fashion

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 The fabrics having digital and electronics components entrenched in them are called as E-textiles or electronic textiles or smart fabrics. These fabrics have the ability to recognize and sense stimuli from the surroundings and adapt & respond to those stimuli in a pre-programmed way. Their ability to correspond, grow, transform, and even conducting energy makes them different from the other normal textiles, thus they are adding worth to the wearer of it. With the technological advancement in the electronics industry such as nanotechnology, the smart fabric market is a budding market, created as a result of the tininess of electronics and drop in the costs of electronics as well as manufacturing charges, of both semiconductors and textiles.

7 must-know uses of Smart Fabrics:

v   Rising usage of electronic devices in day-to-day life is impelling the global smart fabrics market as a result of the foremost implementation of smart textiles as an electronics device. 

v  With the integration of electronic components in smart textiles, they are used in various applications such as 

Ø  health management

Ø  actuation

Ø  response

Ø  communication.

v  These textiles also help to control 

Ø  muscle vibrations

Ø  regulate body temperatures

Ø  protect from environmental hazards such as radiation. 

On the other hand, the major restraint for the smart textile market is the high cost of production. Smart textiles require high-end materials and are highly sophisticated due to which perfect cost-price balance is not achieved by manufacturers. The market is hindered due to the cost of electronic devices and components, which further increases the prices of smart textiles. 

Overall, the global smart fabric market was US$ 876.3 Mn in 2018 and expected to reach US$ 7,425.5 Mn by 2027, growing at a CAGR of 26.8% from 2019 to 2027. 

To know more about Smart Fabric Market https://www.acutemarketreports.com/report/smart-fabric-market

Market Players : 

·        AIQ Smart Clothing Inc.

·        Adidas AG

·        NIKE Inc.

·        ThermoSoft International Corporation

·        Kolon Industries Inc.

·        Interactive Wear AG

·        Ohmatex

·        Schoeller Textil AG

·        Sensoria Inc.

·        OTEX Specialty Narrow Fabrics Inc.

·         Others

Key Market Movements:

·  By product type, the passive smart fabric segment captured the largest share in 2018. However, active & ultra-smart fabrics expected show good growth during the forecasted period pertaining to development in AI and nanotechnology.

·   By functionality, the sensing segment expected to show strong growth from 2019 to 2027.

·  By application, the sport & fitness segment expected to grow with the highest CAGR from 2019 to 2027.

·  Based on region, North America was the largest regional smart fabric market in 2018. On the other hand, the Asia Pacific region expected to drive the market growth with the highest CAGR from 2019 to 2027.

Want to Read Press Release For Smart Fabrics Market ? Visit at https://www.acutemarketreports.com/press/global-smart-fabric-market-research

The Global Smart Fabric Market is Segmented into:

ATTRIBUTEDETAILS
Research Period 2017-2027
Base Year2018
Forecast Period 2019-2027
Historical Year 2017
Unit US$ Million
Segmentation

 Fabric Type Segment (2017-2027; US$ Mn)

 Functionality Segment (2017-2027; US$ Mn)

 Application Segment (2017-2027; US$ Mn)

 Geography Segment (2017–2027; US$ Mn)

*Complete segmentation list is on the report page

Unique data points of this report

  • Recent trends across different regions in terms of the development of the smart fabric market
  • Attractive investment proposition for application segment as well as geography

Key questions answered in this report

  • What was the market size of the smart fabric market in 2018 and forecast up to 2027?
  • What are the key factors driving the global smart fabric market?
  • What are the key market trends and high-growth opportunities observed in the smart fabric market?
  • Which is the largest regional market for the smart fabric market?
  • Which segment will grow at a faster pace? Why?
  • Which region will drive the market growth? Why?
  • Which players are leading the smart fabric market?
  • What are the key strategies adopted by the leading players operating in the market?

 

     


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