SMART FABRICS MARKET ANALYSIS

Smart Fabrics MarketSize and Trends

Market Dynamics for Smart Fabrics Market

Reducing size of smart electronic devices which can easily be embedded in smart fabrics is the major factor driving the market growth. Smaller size of electronic components not only reduces the weight of the fabric but also gives comfort to the wearer. These smart fabrics are used in various applications such as health management, communication, and actuation. For instance, D-Shirt offered by France-based Company, Cityzen Sciences, is an example of smart fabrics which is available with wide range of functions to record heart rate, GPS location, route, altitude, and speed. Increasing sale of sport equipment is expected drive growth of the market of smart fabrics as smart fabrics are widely used in sport industry to reduce potential injuries to professional athlete. As per Coherent Market Insights, in 2014, around 12 million sports-related injuries were observed, which led to economic burden of around US$ 33 billion, of which 50% of the injuries were estimated to be preventable by the use of smart fabrics. These performance enhancing smart fabrics are being used in extreme sports and athletic activities to regulate body temperature, control muscle vibration, and reduce wind resistance which may improve the work efficiency of athletics.

Growing applications of smart fabrics across various industries including health, beauty, entertainment, defense, healthcare, transportation, and food & beverages, among others is expected to offer lucrative growth opportunities for the electronic fabrics makers in the near future. Smart fabrics have considerable adoption in defense & military applications where it is used to protect the users from environmental changes. For instance, a bulletproof vest senses the bullets impact and stops penetration in the body.

Increasing number of people are becoming more health conscious and want to maintain a healthy lifestyle. Therefore, demand for smart fabrics is increasingly significantly. These fabrics aid in providing real-time data related to heart rate, body fat, and others. Furthermore, photodynamic therapy uses light emitting textiles and this selective treatment has been used in cancer treatments.