The global smart fabrics in fashion and entertainment market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing use of electronic devices.
Smart fabrics have an electronic chip embedded in them. Their ability to transform, expand, communicate, and even conduct energy sets them apart from ordinary fabrics, providing added value to the wearer. The connected devices have experienced several changes as a result of expanding tendencies to bring data analysis and transmission from smart devices straight to the human body. Businesses are using a variety of sensors, machine learning, and big data technology to analyze and provide more data about their bodies and lifestyle to their customers.
Market Trends, Drivers, Restraints, and Opportunities
- Rapid developments in the field of nanotechnology and polymer development is expected to drive market growth during forecast period.
- Lack of awareness about smart fabrics can hamper the market growth.
- Growing convergence of the Internet of Things (IoT), 3D printing, and nanotechnologies is anticipated to create lucrative opportunities for the fashion and entertainment industry.
Scope of Smart Fabrics in Fashion and Entertainment Market Report
The report on the global smart fabrics in fashion and entertainment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Smart Fabrics in Fashion and Entertainment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Type of Products (Passive, Active, and Ultra) and Materials (Color Changing, Light Emitting, and Temperature Changing)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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E L Du Pont De Nemours and Company; Gentherm Incorporated; Outlast Technologies LLC; AIQ Smart Clothing Inc.; and Schoeller Technologies AG.
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Smart Fabrics in Fashion and Entertainment Market Segment Insights
Based on type of products, the market is divided into passive, active, and ultra. The passive segment is expected to grow at a rapid pace during the forecast period owing to development of aesthetic appealing outfits. However, the ultra-segment is anticipated to hold a key share of the market in the coming years owing to expansion of innovation in technology such as integration of useful technical architecture and capable of transmitting information.
On the basis of materials, the market is segregated into color changing, light emitting, and temperature changing. The temperature changing segment is projected to expand at a considerable CAGR during the forecast period due to growing preference for automated and high-end machines and gadgets. On the other hand, the color changing segment is anticipated to account for a major market share during the forecast period due to rising demand for different color materials.
In terms of regions, the global smart fabrics in fashion and entertainment market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owning to the presence of leading market players in the region such as such as Du Pont, Textronics Inc., and Sensoria Inc. However, the market in Latin America is anticipated to expand at a rapid pace during the forecast period due to increasing demand for electronic wearables in various countries in Latin America.
Segments
The global smart fabrics in fashion and entertainment market has been segmented on the basis of
Type of Products
Materials
- Color Changing
- Light Emitting
- Temperature Changing
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
The global smart fabrics in fashion and entertainment market is highly competitive, with the presence of many players such as E L Du Pont De Nemours and Company; Gentherm Incorporated; Outlast Technologies LLC; AIQ Smart Clothing Inc.; and Schoeller Technologies AG.
In January 2018, Nova, a high-visibility jacket with on-demand illumination, was introduced by Twinery MAS. This versatile, lightweight jacket was created to be a must-have for any outdoor enthusiast'’s collection. Nova has patent-pending LightGuide technology integrated in the fabric that provide high visibility protection for up to eight hours. A person wearing the Nova jacket can be seen from a distance of roughly three football fields, or 450 feet.
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