The Global Market for smart Fabrics in sports and fitness is valued at USD XX.XX billion in 2016 and is expected to reach a value of USD XX.XX billion by the end of 2022, growing at a projected CAGR of XX.XX% during the forecast period of 2017 – 2022.
The advent of technology has changed the way we do and perceive household things. The internet of things has made everything connected. Smart fabrics are a prominent part of this technological transformation and will play a very important role in the future with applications in a wide range of applications like Transportation, Healthcare, Military, Sport/Fitness and Entertainment. The miniaturization of electronic components combined with the discovery and development of advanced polymers is driving the market ahead.
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The developments in the field of microfiber technology have enabled the production of textiles with features like breathability, waterproofing. Their additional abilities of reacting to heat or light give them a considerable edge in adapting to environmental stimuli over traditional fabrics. With electronics now being miniaturized to be able to integrate seamlessly into wearables, athletes have the chance of monitoring and tracking their performance on a real time basis with feedback. This has resulted in a considerable improvement in their performance. The usage of science in sports and fitness monitoring is an important driver for the market of smart fabrics. The continuous innovation in the field of material science with incredible strides being made in the design and development of thermoplastics, polyurethane (PU) foams and elastomeric materials have enabled the development of intelligent fabrics with enhanced functionalities without compromising on the aesthetics of the garment. This trend is expected to continue with the increasing spending in R&D by major fabric manufacturers.
There is a huge pool of companies out there that manufacture numerous wearable technology gadgets, from Fitbit’s fitness trackers (bands), Nike’s FuelBand to other major Sports brand watches, to meet our Sports and Fitness requirements.
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The new segment of wearable devices, called the E-textile or Smart fabrics have changed the way we now wear these devices. Smart fabrics are one that have biometric sensors, mini computers, circuits or metallic yarns integrated into them. These fabrics can be designed accordingly to meet almost all the basic and the high-end requirements of a sports athlete or any fitness buff.
Considering the Sports and Fitness industry, these fabrics are capable of being modified as per the user’s needs. Smart Fabrics can be water resistant and can measure the chemical composition of your body, monitor your heart rate, and also, keep a track of your physical activities as well as your local environment. Apart from tracking your health, it is also capable of changing temperatures as per your body requirements and your surrounding area.
Increasing focus towards sports and fitness among the potential buyers is what is going to keep this market demand on the higher side.
The only constraint that could hinder the demand of smart fabrics is its price when compared to conventional fabrics.
WHAT THE REPORT OFFERS
- Overview of Global Market for Smart Fabrics in Sports and Fitness with information on drivers and restraints
- In-depth analysis of Market for Smart Fabrics in Sports and Fitness and its applications in the industry
- Identification of factors responsible for changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on global and regional scale
- Extensively researched competitive landscape with profiles of major companies along with their market shares
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
- Global Smart Fabrics Market – Growth, Trends and Forecasts (2015- 2020)
- Global Market for Smart Fabrics for Transportation – Growth, Trends and Forecasts (2015 – 2020)
- Global Market for Smart Fabrics in Fashion and Entertainment – Growth, Trends and Forecasts (2015 – 2020)
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