ICT RESEARCH REPORTS Smart-Fabrics-Market | Page 2

As per Coherent Market Insights, in 2014, around 12 million sports-related injuries were
observed, which led to economic burden of around US$ 33 billion, of which 50% of the injuries
were estimated to be preventable by the use of smart fabrics.
Growing applications of smart fabrics across various industries including health, beauty,
entertainment, defense, healthcare, transportation, and food & beverages, among others is
expected to offer lucrative growth opportunities for the electronic fabrics makers in the near
future. Smart fabrics have considerable adoption in defense & military applications where it is
used to protect the users from environmental changes. For instance, a bulletproof vest senses
the bullets impact and stops penetration in the body.
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insight/smart-fabrics-market-2127
Regional Analysis
On the basis of geography, the global smart fabrics market is segmented into North America,
Europe, Asia Pacific, Latin America, Middle East, and Africa. North America and Europe are
dominant regions in the smart fabrics market, owing to presence of large number of
manufacturers of smart fabrics in these regions such as Bebop Sensors, Triton Systems, Vista
Medical, Advanced Fabric Technologies (AFT), Loomia, Siren, and Grabit. Furthermore, increasing
sales of the sports products and equipment is also, expected to aid in growth of these markets.
For instance, according to report by Sport and Fitness Industry Association (SFIA), sports
equipment sales in the U.S. increased by 3.1% in 2018 as compared to the previous year. China
was the third largest textile industry in the world in 2016-2017 by the records published by
International Trade Organization (ITA) and is expected to be the dominant in the region
throughout the analysis period (2017-2025).
Key players
Key players operating in the smart fabrics market includes AIQ Smart Clothing Inc., E. I. Du Pont
De Nemours and Company, Google, Texas Instruments, Kolon Glotech, Interactive Wear AG,
Ohmatex, Schoeller Textil AG, Sensoria, Textronics, Inc. Adidas Group, Outlast Technologies LLC,
Milliken & Company, KCWW, and International Fashion Machines
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