Global Smart Fabrics Market Size, Growth Analysis by Top Players 2021: Dynamics and Latest Trends with Global Industry Share, Business Development Plans and Strategies, CAGR and Revenue Forecast to 2030

In a recently published report, Global Smart Fabrics Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Smart Fabrics Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.

Smart fabrics are fabrics that allow digital components such as small computers and electronics to be embedded in them. In Smart Fabrics, the emphasis is placed on the seamless integration of fabrics with electronic elements like microcontrollers, sensors, and actuators thereby providing added value to the wearer. Smart fabrics are made from materials like traditional cotton, polyester nylon, and advanced Kevlar with integrated functionalities. The growing interest of the consumers in smart fabrics has lead to the creation of exclusive designs that cater to the high-end fashion preferences in the market.

End-user/Technology
The end-users of these fabrics are the hospitals, sports training centers, soldiers, pilots, astronauts, fashion industry. They utilize these fabrics for monitoring health using vitals (such as heart rate, respiration rate, temperature, activity, posture), sports training data acquisition, monitoring personnel handling hazardous materials, tracking the location and health of soldiers in action, monitoring driver or pilot’s fatigue, innovative fashion (wearable tech).

Market Dynamics
Major factors driving the growth of global smart fabric market are booming wearable electronics market and miniaturization of electronics. Smart gadgets are driving demand for more sophisticated and smarter gadgets. Decreasing the cost of smart wireless sensor networks is also driving the market demand for these fabrics. Although lack of proper regulations and exhaustive standards have restrained the growth of the smart fabrics market, it is going to boom in the future on the back of its various uses.

Market Segmentation
The global smart fabric market is segmented on the basis of:
function into energy harvesting, sensing, thermo-electricity, luminescence & aesthetics
product type into active smart, passive smart and ultra-smart
end-user into military and protection, healthcare, sports and fitness, architecture, fashion, entertainment and automotive
region into North America, Europe, Asia-Pacific, Latin America and Africa

Regional/Geographic Analysis
North America is a leader in global smart fabrics market because of rapidly growing electronics market and the booming IT sector. Asia Pacific is the next important player in the global smart fabrics market mainly because of the flourishing construction and healthcare industry. In Asia Pacific, India and China are the major contributors to the growth of global smart fabrics market. In Europe, automobiles segment is driving the growth of smart fabrics market.

Opportunities
The increasing use of electronic devices is driving the growth of Smart Fabrics market. The integration of electronic devices into fabrics suitable for normal use further contributes to the flourishing global smart fabrics market. The applications of smart fabrics in sensing, harvesting energy, and generating thermo-electricity are anticipated to bolster its growth in the near future. Although portable power supply, high cost, and expertise required to manufacture these fabrics are some factors constraining their growth, Smart Fabrics market will see a boom in the future with growth in technologies.

Key Players
Some of the major players in the market include Adidas Group, Outlast Technologies, International Fashion Machines, Fibertronic, Eleksen Group, Milliken and Company, and Textronics Inc.
Report ContentsRegional AnalysisReport Highlights
Global Market segments
Global Market Drivers, Restraints and Opportunities
Global Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Global Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Russia
Poland
Rest of Eastern Europe

Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

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