Market Overview

Smart fabrics, also known as smart garments, smart textiles, electronic textiles, or smart clothing are a type of fabric in which digital components and electronic devices such as LEDs, batteries, integrated circuits, conductors, and others are embedded to offer an added value to the wearer. Smart fabrics can be categorized as aesthetic and performance enhancing. Such fabrics can be made from various types of materials including cotton, polyester, nylon, and Kevlar, among others. Moreover, manufacturers are focusing on developing fabrics with electrical conductivity such as diodes, solar cells, transistors, conductors, and resistors. Smart textiles also incorporate smart materials, encapsulated phase change materials, electronic sensors, shape memory polymers, and communication equipment as well.

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Market Dynamics

Reducing size of smart electronic devices which can easily be embedded in smart fabrics is the major factor driving the market growth. Smaller size of electronic components not only reduces the weight of the fabric but also gives comfort to the wearer. These smart fabrics are used in various applications such as health management, communication, and actuation. For instance, D-Shirt offered by France-based Company, Cityzen Sciences, is an example of smart fabrics which is available with wide range of functions to record heart rate, GPS location, route, altitude, and speed. Increasing sale of sport equipment is expected drive growth of the market of smart fabrics as smart fabrics are widely used in sport industry to reduce potential injuries to professional athlete. As per Coherent Market Insights, in 2014, around 12 million sports-related injuries were observed, which led to economic burden of around US$ 33 billion, of which 50% of the injuries were estimated to be preventable by the use of smart fabrics. These performance enhancing smart fabrics are being used in extreme sports and athletic activities to regulate body temperature, control muscle vibration, and reduce wind resistance which may improve the work efficiency of athletics.

Growing applications of smart fabrics across various industries including health, beauty, entertainment, defense, healthcare, transportation, and food & beverages, among others is expected to offer lucrative growth opportunities for the electronic fabrics makers in the near future. Smart fabrics have considerable adoption in defense & military applications where it is used to protect the users from environmental changes. For instance, a bulletproof vest senses the bullets impact and stops penetration in the body.

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Key players operating in the smart fabrics market includes AIQ Smart Clothing Inc., E. I. Du Pont De Nemours and Company, Google, Texas Instruments, Kolon Glotech, Interactive Wear AG, Ohmatex, Schoeller Textil AG, Sensoria, Textronics, Inc. Adidas Group, Outlast Technologies LLC, Milliken & Company, KCWW, and International Fashion Machines

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