Market Size of Smart Fabrics for Sports and Fitness Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 25.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Smart Fabrics for Sports & Fitness Market Analysis
Smart fabrics for the sports and fitness market are expected to register a CAGR of 25.7 % over the forecast period. The recent developments in microfiber technology have enabled the production of textiles with advanced features like breathability, waterproofing, etc. These additional abilities to react to heat or light give them a significant edge in adapting to external environmental stimuli over traditional fabrics.
- The recent technological advancements in the microelectronics industry have resulted in developing components scaled down to Nano-scale. These advancements are expected to boost the growth of smart fabrics for the sports and fitness market over the forecast period.
- Major companies have been researching smart fabrics for new possibilities to incorporate fabrics or textiles with emerging technologies, to improve the consumer's lifestyle. For instance, in July last year, Microsoft designed smart fabric with object and gesture detection. Layers of interconnected sensors that can identify an object or motion are woven into the fabric. It can take data from the smart fabric, process it, and transmit it.
- Smart Clothing has witnessed increasing applications in the Sports industry. The German men's national soccer team wears smart tech clothing in the form of jerseys by Adidas that track a wide range of information during the team's games and exercises. Mentors use speed, pulse, and distance metrics to plan future training and create a game strategy.
- An extended period of usage is an important consideration when purchasing smart clothing since it is fitted with electronics that must be durable. At the same time, the fabric must be stretchy and able to wash without damaging the electronics.
- Due to the novel COVID-19 outbreak, the market may not see significant growth, as smart fabric manufacturing requires a high level of automation and advances in textile processing techniques (such as electronic controlling systems, computer-aided design, automated inspection, automated material handling devices, numerical control machine tool, statistical process control, production planning/inventory management software, and pick/place robots).
Smart Fabrics for Sports & Fitness Industry Segmentation
Biometric sensors, minicomputers, circuits, or metallic yarns are all incorporated into innovative fabrics for various functionalities. These materials can be tailored to practically any sports athlete or fitness enthusiast's requirement.
The Smart Fabrics for Sports and Fitness Market is Segmented by Product Type (Ultra-smart Fabric, Active Smart Fabric, Passive Smart Fabric), by Function (Energy Harvesting, Sensing, Thermoelectricity Luminescent), and by Geography (North America (United States, Canada), Europe (Germany, UK, France, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and Middle East & Africa (UAE, Saudi Arabia, South Africa, and Rest of MEA).
The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
| By Product Type | |
| Ultra-smart Fabric | |
| Active Smart Fabric | |
| Passive Smart Fabric |
| By Function | |
| Energy Harvesting | |
| Sensing | |
| Thermoelectricity | |
| Luminescent | |
| Other Functions |
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Smart Fabrics for Sports and Fitness Market Size Summary
The smart fabrics for sports and fitness market is poised for significant growth, driven by advancements in microfiber and microelectronics technologies. These innovations have enabled the creation of textiles with enhanced features such as breathability and waterproofing, which can respond to environmental stimuli like heat and light. The integration of nano-scale components has further propelled the market, allowing for the development of smart fabrics that incorporate biometric sensors and minicomputers. These fabrics are increasingly being used in the sports industry, with applications ranging from tracking performance metrics to enhancing training strategies. Companies like Microsoft and Adidas are at the forefront of this trend, exploring new possibilities for smart textiles that can detect objects and gestures, and provide real-time data to users.
The market is characterized by a competitive landscape with both established players and startups investing in smart materials to drive innovation. North America, particularly the United States, is a key region for market growth due to the presence of major companies and a strong focus on technological advancements. The region's market is supported by factors such as increased healthcare awareness, portable and comfortable usage, and ongoing research and development activities. Initiatives like the Natural Sciences and Engineering Research Council of Canada's funding for e-textile development highlight the growing interest in integrating digital components into fabrics. This trend is expected to continue, with smart fabrics offering new capabilities in data collection, energy transfer, and communication, benefiting sectors like healthcare and fitness.
Smart Fabrics for Sports and Fitness Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitute
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1.2.5 Intensity of Competitive Rivalry
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1.3 Value Chain Analysis
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1.4 Impact of COVID-19 Pandemic on the Market
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Ultra-smart Fabric
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2.1.2 Active Smart Fabric
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2.1.3 Passive Smart Fabric
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2.2 By Function
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2.2.1 Energy Harvesting
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2.2.2 Sensing
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2.2.3 Thermoelectricity
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2.2.4 Luminescent
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2.2.5 Other Functions
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 UK
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2.3.2.3 France
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2.3.2.4 Spain
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2.3.2.5 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Latin America
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2.3.4.1 Brazil
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2.3.4.2 Mexico
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2.3.4.3 Argentina
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2.3.4.4 Rest of Latin America
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2.3.5 Middle East and Africa
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2.3.5.1 UAE
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2.3.5.2 Saudi Arabia
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2.3.5.3 South Africa
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2.3.5.4 Rest of Middle East and Africa
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Smart Fabrics for Sports and Fitness Market Size FAQs
What is the current Smart Fabrics for Sports and Fitness Market size?
The Smart Fabrics for Sports and Fitness Market is projected to register a CAGR of 25.70% during the forecast period (2024-2029)
Who are the key players in Smart Fabrics for Sports and Fitness Market?
AiQ Smart Clothing, Eeonyx Corporation, Interactive Wear AG, Koninklijke Ten Cate NV and Performance Fibers (Indorama) are the major companies operating in the Smart Fabrics for Sports and Fitness Market.
