DUBLIN – (COMMERCIAL THREAD)–The “Smart Fabrics in the Fashion and Entertainment Market – Growth, Trends, COVID-19 Impact and Forecast (2021 – 2026)” the report was added to ResearchAndMarkets.com offer.
The smart fabrics market in the fashion and entertainment market is expected to register a CAGR of 31.29% during the forecast period (2021-2026).
The smart fabrics market in the fashion and entertainment industry is mainly driven by the innovation of designers to develop nice new outfits, integrated with useful technical architecture, capable of transmitting information.
The ever increasing use of electronic devices in our daily life is driving the market for smart fabrics. The ease of use of smart fabrics and the integration of electronic devices into textiles make it an integrated device to use as a simple fabric, which further contributes to the growth of the smart fabrics market.
For example, a particular variety of smart fabrics developed at the University of Washington are making way for jackets that can store invisible access codes and open the door to the affected apartment or office.
Additionally, rapid developments in nanotechnology, polymer development, and low-power wireless sensors have transformed the market landscape.
The convergence of the Internet of Things, 3D printing and nanotechnology is creating huge opportunities for the fashion and entertainment industry. With the growing number of products incorporating sensors to generate and respond to data and perform a range of diverse functions, the market is expected to continue to grow.
Key market trends
Adoption of wearable devices to drive market growth
Connected wearable devices are evolving rapidly across the world, as a growing trend moves data analysis and communication from the smartphone, directly to the body. Technologists are increasingly using a combination of sensors, machine learning and big data analytics, to provide consumers with more data about their bodies and lives than ever before. This emerging field of electronic products will have a huge impact on human-machine interaction.
Wearable technology has always been concerned with universities and the computer industry. For example, international tech giants, such as Google and Apple, have significantly increased their investments in wearable technology, extending into the realm of fashion design.
For example, Nike and Google together launched a new athletic shoe that can track a user’s real-time footprints from Google Earth. Wearing this pair of shoes can check movement routes anytime and collect massive movement data which can be used for analysis.
North America occupies the largest market share
Due to the constantly growing electronics market in the region, North America is the leading player in the smart fabrics market in the fashion and entertainment market.
North America leads the smart fabrics market as it demonstrates controlled responsiveness in changing environments. The growing preference of modern customers for automated and high-end machines and gadgets is driving the demand for piezoelectric devices in this region.
The presence of highly informed and enthusiastic consumers in the region further helps leading manufacturers to bring a range of innovative and experimental products to market.
In addition, the presence of leading market players, such as Du Pont, Textronics Inc. and Sensoria Inc., in the United States, contributes significantly to the development of the market studied.
Main topics covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market overview
4.2 Introduction to Market Drivers and Constraints
4.3 Market drivers
4.3.1 Miniaturization of Electronic Components Influencing Market Growth
4.3.2 Growing Use of Wearable Electronics Fueling Popularity of Smart Fabrics in Fashion and Entertainment
4.3.3 Rapid Growth of Low Cost Smart Wireless Sensor Networks
4.4 Market restrictions
4.4.1 Very high implementation costs
4.5 Value chain analysis
4.6 Industry Attractiveness – Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By product type
5.1.1 Passive smart textiles
5.1.2 Active smart textiles
5.1.3 Ultra smart textiles
5.2 By material
5.2.1 Color change
5.2.2 Light emission
5.2.3 Temperature change
5.2.4 Other materials
5.3.1 North America
5.3.4 Latin America
5.3.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company profiles
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information on this report, visit https://www.researchandmarkets.com/r/cnplkn