Increasing demand for North America smart fabrics from healthcare sector and rising need for advanced protective clothing are some key factors driving market revenue growth
The global North America smart fabrics market size is expected to reach USD 10.64 Billion in 2028 and register a revenue CAGR of 28.3% over the forecast period, according to a latest report by Reports and Data. Rising adoption of North America smart fabrics in the healthcare sector to monitor patients constantly and remotely is expected to drive market revenue growth over the forecast period.
Digital technology and sensors embedded in smart clothing monitor vitals of patients such as heart rate, blood pressure, blood sugar, and breathing. In addition, North America smart fabrics aid in monitoring ECG, EMG, heart rate, and EEG of the user. Growth of the medical smart textile market is gaining traction due to rising demand for smart fabric products such as smart pediatric wear, smart medical gowns, and medical clothes in hospital, nursing homes, and other medical institutions. Smart clothing products are widely preferred in healthcare facilities due to high efficiency in obtaining accurate patient data with the help of embedded sensors in the clothing. Smart hospital wear is beneficial for hospitals due to ability to track and monitor patient’s data and eliminating need for paper-based records. Moreover, smart pediatric wear for premature babies continuously monitors ECG or heart rate measurements in the ICU.
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Key Companies in the market include: AiQ Smart Clothing, Adidas AG, Nike, Inc., ThermoSoft International Corporation, Kolon Industries, Interactive Wear AG, Ohmatex, Schoeller Textiles AG, Sensoria Inc., and OTEX Specialty Narrow Fabrics Inc.
In February 2020, Google announced its collaboration with Electronic Arts and Adidas to launch smart clothing. The product, which is a single piece or part of an entire line, is expected to be a Google Jacquard project, and would feature fabric with sensors and connectivity. Google announced that it is working with Adidas Football and EA FIFA Mobile and added the tag line “play connected”. The idea behind the collaboration is to let consumers use their accessories and clothes to control devices by gestures and taps on the fabric.
Passive segment is expected to account for largest revenue share in the global North America smart fabrics market over the forecast period. Passive North America smart fabrics are equipped with sensors that sense changes in environment and can be utilized for Eelectrocardiogram (ECG), Electroencephalography (EEG), and Electromyography (EMG) sensing.
Sports fitness segment is expected to register robust revenue growth over the forecast period. Increasing focus on health and fitness, coupled with rising need to track crucial performance vitals among athletes, is driving demand for wearable devices such as smartwatches and fitness trackers driving demand for this segment.
Sensing segment is expected to account for a considerably large revenue share in the global North America smart fabrics market over the forecast period. This is due to ability of smart clothing to sense different environmental conditions and efficiently respond to surroundings such as chemical, thermal or mechanical changes, which are key factors driving demand. Advanced sensing abilities of North America smart fabrics is resulting in its wide usage in end-use applications such as protection and military, healthcare, sports, and fitness.
The North America smart fabrics market in North America is expected to account for largest revenue share over the forecast period. Rising popularity of smart applications and connected wearable products such as smart watches, fitness bands, and smart glass is expected to drive market growth. Moreover, increasing adoption of wearable electronic devices due to rising awareness about health and fitness among individuals is driving demand for smart clothing in countries in this region.
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Market Segmnetation:
Type Outlook (Revenue, USD Billion; 2018-2028)
- Active
- Passive
- Ultra-smart
Application Outlook (Revenue, USD Billion; 2018-2028)
- Sports Fitness
- Protection Military
- Healthcare
Functionality Outlook (Revenue, USD Billion; 2018-2028)
- Sensing
- Energy Harvesting
Regional Outlook:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Key questions covered in the global North America smart fabrics market report:
- What is the expected market size of the global North America smart fabrics market during the forecast period?
- What factors are expected to hamper global North America smart fabrics market growth over the forecast period?
- What key factors are expected to drive global revenue growth between 2021 and 2028?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global North America smart fabrics market?
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