The Smart Fabrics Market Report 2019-2023 focuses on the global Smart Fabrics status, future forecast, growth opportunity, key market, and key players.
The Smart Fabrics Market report studies the global market size of Smart Fabrics in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Smart Fabrics in these regions. This research report categorizes the global Smart Fabrics market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.
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The various contributors involved in the value chain of Smart Fabrics include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Players covered in this study:-
- AIQ Smart Clothing
- E. I. Du Pont De Nemours and Company
- Texas Instruments
- Kolon Glotech
- Interactive Wear AG
- Schoeller Textil AG.
Overview of Smart Fabrics Market Research Report 2019-2023:-
The global smart fabrics market was valued at USD 1.72 billion in 2017, and is expected to reach USD 4.08 billion by 2023, at a CAGR of 19.01% over the forecast period (2019-2023). This report provides information about the leading players in the market and a corresponding detailed analysis of the top vendors in the global smart fabrics market. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
Smart fabrics have an electronic chip embedded in them. Their ability to transform, grow, communicate, and even conduct energy differentiates them from the normal textiles, hence adding value to the wearer. Smart fabric is a new market, formed due to the miniaturization of electronics and decline in the prices of electronics and manufacturing costs, of both textiles and semiconductors.
Wearable Devices Adoption to Open New Avenues for Market Growth
Connected wearable devices are evolving as part of a growing trend to move data analysis and communication from the smartphone directly to the body. Technologists are using a combination of sensors, machine learning, and big data analysis to provide consumers more data about their bodies and lives than ever before. This emerging field of products will have a dramatic impact on human computer interaction.
Wearable technology has always been concerned with the computer academia and industry. For example, international technology giants such as Google and Apple have increased their investments into wearable technology, extending into the fashion design field. For instance, Nike, together with Google, launched gym shoes that could track real-time footprints using Google Earth. Wearing this pair of shoes can check movement routes at any time, and control massive motion data. With these advancements, the fashion and entertainment industry can easily afford it to advertise as compared to the other applications, which comprise common people.
North America holds the Largest Market Share
North America held the major share in the smart fabrics market. This region accounted for about half of the market share in 2017. In North America, the United States dominated the market, followed by Canada. North America is the hub for all major enterprises in the world. With the advent of smart gadgets, there has been a growing demand for more sophisticated and smarter gadgets. Noticeably, there has been a rapid growth of low-cost smart wireless sensor networks, which has been driving the market in North America. E-commerce distribution channels are expected to open growth opportunities, during and after the forecast period. Conversely, fluctuating raw material prices and high product costs are expected to hamper the market growth in North America during the forecast period. The Asia-Pacific region is the fastest growing owing to the rapidly developing healthcare industry and construction industry. Countries like India and China are majorly contributing to the growth of smart fabrics in APAC. The increasing market for automobiles in Europe is helping the market register a healthy growth rate in this region.
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Reasons to Purchase the Report
Key questions answered in the Smart Fabrics Market Report are.
- What will the market size be in 2023 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Smart Fabrics market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Major Points from TOC of Smart Fabrics Market Research Report 2019-2023:
1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
- RESEARCH METHODOLOGY
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
4.1.1 Rise in Defence Expenditure of Many Countries
4.1.2 Increasing Demand of Lightweight Materials in the Industry
4.2.1 Need for High Investments in R&D
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Price Analysis
- MARKET SEGMENTATION
1 By Application
5.2 End-user Sector
5.3.2 North America
5.3.4 South America
5.3.5 the Middle East & Africa
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