Smart Fabrics in Fashion and Entertainment Market Size (2024 - 2029)

The smart fabrics market in the fashion and entertainment sector is experiencing significant growth, driven by designer innovations and the increasing integration of electronic devices within textiles. This market expansion is facilitated by advancements in nanotechnology, polymer development, and low-power wireless sensors, which are transforming the industry landscape. The convergence of technologies such as the internet of things and 3D printing is creating substantial opportunities, although high implementation costs pose a challenge. The market's growth was also impacted by the COVID-19 pandemic due to the automation and advanced textile processing techniques required for smart fabric manufacturing.

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Market Size of Smart Fabrics in Fashion and Entertainment Industry

smart fabrics in fashion and entertainment market
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 31.29 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Smart Fabrics in Fashion and Entertainment Market Major Players

*Disclaimer: Major Players sorted in no particular order

Smart Fabrics in Fashion & Entertainment Market Analysis

The smart fabrics in fashion and entertainment market is estimated to record a CAGR of 31.29% over the forecast period. The smart fabrics market in the fashion and entertainment industry is primarily driven by innovation by designers to develop new and pleasing outfits integrated with useful technical architecture capable of transmitting the information.

  • The ever-increasing use of electronic devices in our day-to-day life is driving the smart fabrics market. The ease of use of smart fabrics and the integration of electronic devices within textiles make it an integrated device to be used as a simple fabric, which is further contributing to the growth of the market.
  • For instance, a particular variety of smart fabric developed at the University of Washington is being used for jackets that can store invisible passcodes and open the doors to apartments or offices. Rapid developments in nanotechnology, polymer development, and low-power-consuming wireless sensors have transformed the market landscape.
  • The convergence of the internet of things, 3D printing, and nanotechnologies is creating enormous opportunities for the fashion and entertainment industry. With the increasing number of products integrating sensors to generate and respond to data and perform a range of various functions, the market is expected to grow further.
  • The high cost of implementation is restraining the market's growth as the business incurs huge initial investments, restraining many companies from tapping into the market.
  • Due to the COVID-19 outbreak, the market suffered and could not experience substantial growth, as the manufacturing of smart fabrics requires a high degree of automation and advancements in textile processing techniques (such as electronic controlling system, 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 in Fashion & Entertainment Industry Segmentation

Smart fabrics are fibrous structures that are capable of sensing, actuating, generating/storing power, and/or communicating. The study highlights various stakeholders involved in the manufacturing of smart fabric and the components involved, such as actuator materials, conductive materials, sensor materials, and electronics. The report focuses on the exclusive manufacturers of smart fabric (both public and private companies) with emphasis on their business operations, strategies, product portfolios, and recent developments.

The smart fabrics in fashion and entertainment market is segmented by type of product (passive, active, ultra), material (color changing, light emitting, temperature changing), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa)j.

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Type of Product
Passive Smart Textiles
Active Smart Textiles
Ultra Smart Textiles
Material
Color Changing
Light Emitting
Temperature Changing
Other Materials
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
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Smart Fabrics in Fashion and Entertainment Market Size Summary

The smart fabrics market within the fashion and entertainment sectors is experiencing significant growth, driven by innovative design and technological advancements. Designers are increasingly integrating technical features into clothing, creating garments that not only serve aesthetic purposes but also offer functional benefits, such as data transmission capabilities. The proliferation of electronic devices in daily life further propels this market, as smart fabrics seamlessly incorporate these technologies, enhancing user convenience. The convergence of the Internet of Things, 3D printing, and nanotechnology is opening new avenues for product development, with smart fabrics being used in applications ranging from health monitoring wearables to interactive fashion items. However, the high cost of implementation poses a challenge, limiting market entry for some companies. The COVID-19 pandemic also impacted growth, as the production of smart fabrics requires advanced automation and textile processing technologies.

North America leads the smart fabrics market, supported by a robust electronics industry and a consumer base that values high-tech, automated solutions. The region's market is bolstered by the presence of major players and ongoing technological advancements, such as the development of smart fabrics that can sense and respond to the wearer's movements. Research initiatives and funding in Canada aim to enhance the global e-textile market, focusing on integrating digital components into fabrics for improved data collection and communication. The competitive landscape is marked by product innovation, with key players like AIQ Smart Clothing Inc. and E L Du Pont De Nemours and Company driving advancements. Recent investments and developments, such as Microsoft's smart fabric with gesture detection capabilities, highlight the industry's dynamic nature and potential for future growth.

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Smart Fabrics in Fashion and Entertainment Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Assessment of COVID-19 Impact on the industry

    3. 1.3 Market Drivers

      1. 1.3.1 Miniaturization of Electronic Components Influencing the Growth of the Market

      2. 1.3.2 Increasing Use of Wearable Electronics

      3. 1.3.3 Rapid Growth of Low-cost Smart Wireless Sensor Networks

    4. 1.4 Market Restraints

      1. 1.4.1 Very High Implementation Costs

    5. 1.5 Industry Value Chain Analysis

    6. 1.6 Porter's Five Forces Analysis

      1. 1.6.1 Threat of New Entrants

      2. 1.6.2 Bargaining Power of Buyers/Consumers

      3. 1.6.3 Bargaining Power of Suppliers

      4. 1.6.4 Threat of Substitute Products

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 IMPACT OF COVID-19 ON THE MARKET

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type of Product

      1. 2.1.1 Passive Smart Textiles

      2. 2.1.2 Active Smart Textiles

      3. 2.1.3 Ultra Smart Textiles

    2. 2.2 Material

      1. 2.2.1 Color Changing

      2. 2.2.2 Light Emitting

      3. 2.2.3 Temperature Changing

      4. 2.2.4 Other Materials

    3. 2.3 Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia-Pacific

      4. 2.3.4 Latin America

      5. 2.3.5 Middle East and Africa

Smart Fabrics in Fashion and Entertainment Market Size FAQs

The Smart Fabrics in Fashion and Entertainment Market is projected to register a CAGR of 31.29% during the forecast period (2024-2029)

E L Du Pont De Nemours and Company, Gentherm Incorporated, AIQ Smart Clothing Inc., Schoeller Technologies AG. and Outlast Technologies LLC are the major companies operating in the Smart Fabrics in Fashion and Entertainment Market.

Smart Fabrics in Fashion and Entertainment Report Snapshots

Smart Fabrics in Fashion and Entertainment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)