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Smart Fabrics - Global Market Trajectory & Analytics

  • ID: 595582
  • Report
  • July 2020
  • Region: Global
  • 167 Pages
  • Global Industry Analysts, Inc
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Global Smart Fabrics Market to Reach $11.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Smart Fabrics estimated at US$3.6 Billion in the year 2020, is projected to reach a revised size of US$11.4 Billion by 2027, growing at a CAGR of 18% over the analysis period 2020-2027. Transportation, one of the segments analyzed in the report, is projected to record a 16.3% CAGR and reach US$2.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Defense/Government segment is readjusted to a revised 16.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 17.4% CAGR

The Smart Fabrics market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2027 trailing a CAGR of 17.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.8% and 15.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.4% CAGR.

Fitness & Sports Segment to Record 18.4% CAGR

In the global Fitness & Sports segment, USA, Canada, Japan, China and Europe will drive the 18.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$523.5 Million in the year 2020 will reach a projected size of US$1.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.4 Billion by the year 2027.We bring years of research experience to this 19th edition of our report. The 167-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • AiQ Smart Clothing Inc.
  • Clothing+
  • Dow Inc.
  • EXO2
  • Globe Manufacturing Company LLC
  • Intelligent Clothing Ltd.
  • Interactive Wear AG
  • Marktek Inc.
  • Milliken & Company
  • Ohmatex ApS
  • Outlast Technologies LLC
  • Schoeller Textiles AG
  • Sensoria Inc.
  • Smartex s.r.l
  • Toray Industries Inc.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Smart Fabrics: When Technology Meets Textile!

Recent Market Activity

Smart Fabrics - A Nascent Yet High Growth Market

Growth Drivers and Market Restraints - In a Nutshell

R&D Initiatives, Technology Innovations and Material Advancements: Playing a Critical Role in Expansion of Smart Fabrics Market

Promising Future Ahead for the Smart Textiles Market

Expanding Applications Bode Well for Smart Fabrics Market

Smart T-Shirts & Jackets: Promising Segments in Smart Fabrics Market

Developed Markets Hold Ground in Smart Fabrics Market, Developing Economies Positioned for Long-term Growth

High Cost, Compatibility & Power Supply Issues, and Privacy Concerns: Major Concerns to Address for the Smart Fabrics Market

Integration of Sensors into Garments - A Major Challenge for Smart Fabric Makers

Global Competitor Market Shares

Smart Fabrics Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

AiQ Smart Clothing, Inc. (Taiwan)

Clothing+ (Finland)

DowDuPont, Inc. (USA)

EXO2 (USA)

Globe Manufacturing Company, LLC (USA)

Hexoskin (Canada)

Intelligent Clothing Ltd. (UK)

Interactive Wear AG (Germany)

International Fashion Machines, Inc. (USA)

Marktek, Inc. (USA)

Milliken & Company (USA)

Noble Biomaterials, Inc. (USA)

Ohmatex ApS (Denmark)

Outlast Technologies LLC (USA)

Schoeller Textiles AG (Switzerland)

Sensoria, Inc. (USA)

Smartex s.r.l (Italy)

Toray Industries, Inc. (Japan)

3. MARKET TRENDS & DRIVERS

Industry Evolves from Passive to Active to Ultra-Smart Textiles

Smart Clothing Transforming the Wearable Technology Products Market

Smart Fabrics - the Next Big Wave of Wearables

Microencapsulation & Nanotechnology: Harbingers of Future Growth

Military - A Lucrative End-Use Sector

Increased R&D Initiatives in Smart Textiles for Military Applications

Healthcare - The Fastest Growing Application Market for Smart Textiles

Smart Textile Applications in Healthcare Industry

Smart Clothing Gains Acceptance in Neonatal Monitoring

Wearable Biomedical Sensors - A Potential Market Segment

Smart Sutures

Smart Socks Grow in Demand

A Glance at Few Startups in the Smart Medical Textiles Market

Telemonitoring for the Elderly: Opportunities for Smart Textiles Market

Aging Population: Opportunity for Telemonitoring

Smart Fabrics for Transportation Market: The Major End-Use Segment

Sports & Fitness - A Significant Revenue Contributor

Smart Inner Wear & Socks - Unique Wearables for Sports & Fitness Market

New Smart Wearables for Ensure Better Workouts

Improving Performance of Athletes in Professional Sports

Smart Clothing with Thermal Changes

Growing Use in the Fashion Industry Drives Smart Textiles Market

An Insight into Select Smart Fashion Brands

Ambient Computing Key to Fashion Technology

Demand for Smart Textiles in Space Application Grows

Energy-Producing Textiles Offer High Growth Potential

Smart Workwear - Addressing Needs of Employees in Hazardous Environments

Light Conducting Fibers Hold Enormous Potential

Self-Cleaning Textiles: The Focus of Innovations in Smart Fabrics Market

RMIT University Researchers Develop Self-Cleaning Nano-Enhanced Textiles

Smart Fabric Designs: Focus on Simplifying Interactions

Actuation and Response Applications Determine Market for SFITs

Product Innovations Stimulate Growth in Smart Fabrics Market

A Review of Select Product Developments in the Smart Fabric Market

A Look at Other Recent Launches/Developments in the Smart Fabric Market

Rigorous R&D Investments Spearhead Growth

Multidisciplinary Approach to a Complex R&D Structure

Public Funding for Smart Textiles R&D

A Review of Select Smart Fabric Research Initiatives

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Smart Fabrics Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Smart Fabrics Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Smart Fabrics Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Transportation (Application) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
TABLE 5: Transportation (Application) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
TABLE 6: Transportation (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Defense/Government (Application) Worldwide Sales in US$ Million by Region/Country: 2020-2027
TABLE 8: Defense/Government (Application) Historic Demand Patterns in US$ Million by Region/Country: 2012-2019
TABLE 9: Defense/Government (Application) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
TABLE 10: Fitness & Sports (Application) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 11: Fitness & Sports (Application) Retrospective Demand Analysis in US$ Million by Region/Country: 2012-2019
TABLE 12: Fitness & Sports (Application) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Commercial/Industrial (Application) Demand Potential Worldwide in US$ Million by Region/Country: 2020-2027
TABLE 14: Commercial/Industrial (Application) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
TABLE 15: Commercial/Industrial (Application) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027
TABLE 16: Healthcare (Application) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 17: Healthcare (Application) Global Historic Analysis in US$ Million by Region/Country: 2012-2019
TABLE 18: Healthcare (Application) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 19: Other End-Uses (Application) Sales Estimates and Forecasts in US$ Million by Region/Country for the Years 2020 through 2027
TABLE 20: Other End-Uses (Application) Analysis of Historic Sales in US$ Million by Region/Country for the Years 2012 to 2019
TABLE 21: Other End-Uses (Application) Global Market Share Distribution by Region/Country for 2012, 2020, and 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Smart Fabrics Market Share (in %) by Company: 2020 & 2025

Market Analytics
TABLE 22: United States Smart Fabrics Latent Demand Forecasts in US$ Million by Application: 2020 to 2027
TABLE 23: Smart Fabrics Historic Demand Patterns in the United States by Application in US$ Million for 2012-2019
TABLE 24: Smart Fabrics Market Share Breakdown in the United States by Application: 2012 VS 2020 VS 2027

CANADA

TABLE 25: Canadian Smart Fabrics Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
TABLE 26: Smart Fabrics Market in Canada: Summarization of Historic Demand Patterns in US$ Million by Application for 2012-2019
TABLE 27: Canadian Smart Fabrics Market Share Analysis by Application: 2012 VS 2020 VS 2027

JAPAN

TABLE 28: Japanese Demand Estimates and Forecasts for Smart Fabrics in US$ Million by Application: 2020 to 2027
TABLE 29: Japanese Smart Fabrics Market in US$ Million by Application: 2012-2019
TABLE 30: Smart Fabrics Market Share Shift in Japan by Application: 2012 VS 2020 VS 2027

CHINA

TABLE 31: Chinese Demand for Smart Fabrics in US$ Million by Application: 2020 to 2027
TABLE 32: Smart Fabrics Market Review in China in US$ Million by Application: 2012-2019
TABLE 33: Chinese Smart Fabrics Market Share Breakdown by Application: 2012 VS 2020 VS 2027

EUROPE

Market Facts & Figures

European Smart Fabrics Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analytics
TABLE 34: European Smart Fabrics Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 35: Smart Fabrics Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 36: European Smart Fabrics Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 37: European Smart Fabrics Addressable Market Opportunity in US$ Million by Application: 2020-2027
TABLE 38: Smart Fabrics Market in Europe: Summarization of Historic Demand in US$ Million by Application for the Period 2012-2019
TABLE 39: European Smart Fabrics Market Share Analysis by Application: 2012 VS 2020 VS 2027

FRANCE

TABLE 40: Smart Fabrics Quantitative Demand Analysis in France in US$ Million by Application: 2020-2027
TABLE 41: French Smart Fabrics Historic Market Review in US$ Million by Application: 2012-2019
TABLE 42: French Smart Fabrics Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027

GERMANY

TABLE 43: Smart Fabrics Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2020-2027
TABLE 44: German Smart Fabrics Market in Retrospect in US$ Million by Application: 2012-2019
TABLE 45: Smart Fabrics Market Share Distribution in Germany by Application: 2012 VS 2020 VS 2027

ITALY

TABLE 46: Italian Demand for Smart Fabrics in US$ Million by Application: 2020 to 2027
TABLE 47: Smart Fabrics Market Review in Italy in US$ Million by Application: 2012-2019
TABLE 48: Italian Smart Fabrics Market Share Breakdown by Application: 2012 VS 2020 VS 2027

UNITED KINGDOM

TABLE 49: United Kingdom Demand Estimates and Forecasts for Smart Fabrics in US$ Million by Application: 2020 to 2027
TABLE 50: United Kingdom Smart Fabrics Market in US$ Million by Application: 2012-2019
TABLE 51: Smart Fabrics Market Share Shift in the United Kingdom by Application: 2012 VS 2020 VS 2027

REST OF EUROPE

TABLE 52: Rest of Europe Smart Fabrics Addressable Market Opportunity in US$ Million by Application: 2020-2027
TABLE 53: Smart Fabrics Market in Rest of Europe: Summarization of Historic Demand in US$ Million by Application for the Period 2012-2019
TABLE 54: Rest of Europe Smart Fabrics Market Share Analysis by Application: 2012 VS 2020 VS 2027

ASIA-PACIFIC

TABLE 55: Smart Fabrics Quantitative Demand Analysis in Asia-Pacific in US$ Million by Application: 2020-2027
TABLE 56: Asia-Pacific Smart Fabrics Historic Market Review in US$ Million by Application: 2012-2019
TABLE 57: Asia-Pacific Smart Fabrics Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027

REST OF WORLD

TABLE 58: Rest of World Smart Fabrics Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
TABLE 59: Smart Fabrics Market in Rest of World: Summarization of Historic Demand Patterns in US$ Million by Application for 2012-2019
TABLE 60: Rest of World Smart Fabrics Market Share Analysis by Application: 2012 VS 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 71

Note: Product cover images may vary from those shown
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