SMART FABRICS MARKET ANALYSIS

Regional Analysis

Regional Analysis for Smart Fabrics Market

On the basis of geography, the global smart fabrics market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America and Europe are dominant regions in the smart fabrics market, owing to presence of large number of manufacturers of smart fabrics in these regions such as Bebop Sensors, Triton Systems, Vista Medical, Advanced Fabric Technologies (AFT), Loomia, Siren, and Grabit. Furthermore, increasing sales of the sports products and equipment is also, expected to aid in growth of these markets. For instance, according to report by Sport and Fitness Industry Association (SFIA), sports equipment sales in the U.S. increased by 3.1% in 2018 as compared to the previous year. Asia Pacific is expected to show high growth in smart fabrics market, owing to significant rise in the standard of living in some of the emerging economies such as India, China, and Indonesia. Moreover, rising textile industry in this region is expected to aid in growth of the market. For instance, China was the third largest textile industry in the world in 2016-2017 by the records published by International Trade Organization (ITA) and is expected to be the dominant in the region throughout the analysis period (2017-2025).