Smart Clothing Market-By Industry Analysis, Size, Share, Growth, Trends and Forecast 2024- Acumen Research and Consulting
Introduction:
The popularity of integration of practical gadgets with numerous advanced technical functions such as reacting to the overall surrounding and sensing into clothing is expected to boost the demand for Smart Clothing Market. The diminishing manufacturing costs of fabrics and electronic components along with the reduction in size of electronics devices is anticipated to propel the market growth in coming years. Various components such as controllers, actuators, and sensor units are integrated into these fabrics for proper functioning. These smart textiles are utilized by consumers both as a clothing entity and by the military professional for their safety and protection purpose.
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Market Dynamics:
The project termed as Clothing Area Network (CLAN) is concentrated towards developing technology that enables both, wireless & wired data as well as power transfer between intelligent modules such as user interfaces, sensors processors, and batteries. If implemented, the data transfer capability can accentuate its usability in the commercial sector. Also, the power transfer capability can be used to charge phone without making use of an electrical source. The wearable clothing that can sense the user as well as surrounding environment is called passive smart fabrics. Currently, this market segment has commanded the largest share in the industry owing to the presence of functionalities that are less and are available at low price in comparison to other variants. The very smart textile segment follows the principle of artificial intelligence and has the ability to react, sense, and adapt its behavior as per the given circumstances.
Market Classification and Overview:
The sports & fitness application segment is estimated to grow at a significant pace throughout the future years. Smart fabrics have the ability to react to stimuli produced from thermal, electrical, magnetic, mechanical, and chemical sources. Owing to the above mentioned capabilities, it can be integrated with sophisticated electronics devices such as watches and fitness belts to measure health and body vitals in real time. These products are useful in varied applications such as architecture, fashion & entertainment, transportation, medical, and military & security. The application of smart fabrics in military and defense segment commanded over a quarter of total revenue in 2015.
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The incorporation of these products with electronic products provides a competent option as opposed to the heavy batteries incorporated in garments, which are put on by the soldiers. In the coming years, warrior systems are expected to be integrated with heads-up display, wireless weapons, chemical and biological threat detectors, combat ID sensors, battery power, global positioning systems (GPS), and personal physiological status sensors to help soldiers fight battle in an efficient manner. Also, the smart fabrics are utilized in medical applications, mainly to shorten the recovery time of patients. There has been a rising demand for improved medical and healthcare facilities due to rising global population that aim to use smart fabrics for quick patient recovery. Additionally, the athletic performance needs to be accentuated that will have a positive impact on research & development activities in this industry. Based on geography, North America is analyzed to command a majority share in the global smart fabrics industry over the future years. Increasing demand for these products, especially in healthcare and transportation industry is expected to fuel the growth in this region.
Regional Overview:
The European market growth was driven majorly by sports & fitness application. These products have varied applicability across different industries such as automotive, defense, and entertainment which will propel the market growth during the future years. Owing to the introduction of advanced fibers and conducive materials in manufacturing process, the demand is expected to be fuelled in smart fabrics market. However, the availability of cheap labor and raw materials in Asia-Pacific countries such as Japan, China, and India has changed it into a manufacturing hub for smart technology. Thus, major vendors based in this region are discovering opportunities to add technologically advanced products in their portfolio.
Market Participants:
The major companies operating in this market include Nike Inc., Auxetix, O’Neill and Adidas AG, Eleksen, Clothing+, Fibretronic Limited, Gentherm, ThermoSoft International, Exo2, and Peratech Ltd.
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Market Segmentation
Market by Products
Shoes
Shirts
Pants
Jackets
Others (Undergarments, Socks)
Market by Application
Healthcare
Military and Defense
Entertainment
Industrial
Sports and Fitness
Market by Geography
North America
o US
o Canada
o Mexico
Europe
o UK
o Germany
o France
o Rest of Europe
Asia-Pacific
o China
o Japan
o India
o Philippines
o Rest of Asia-Pacific
Latin America
o Brazil
o Chile
o Rest of Latin America
Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
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