Global Market for Smart Fabrics in Fashion and Entertainment - Growth, Trends and Forecasts (2016-2021)
The advent of technology has changed the way we do and perceive household things. The internet of things has made everything connected. Smart fabrics are a prominent part of this technological transformation and will play a very important role in the future with applications in a wide range of applications like Transportation, Healthcare, Military, Sport/Fitness and Entertainment.
The miniaturization of electronic components combined with the discovery and development of advanced polymers is driving the market ahead. The use of fabrics in automobiles is not restricted to the upholstery; they are used in carpeting and protective floor mats, the interior ceiling, seat belts, interior door panels, trunk liners, steering wheel and gear shift covers. These are only the outward surfaces visible to the eye. These fabrics are also used in making protective barriers and for thermal control. The versatile nature of applications has made fabrics a key component of automobiles.
The transportation industry takes the highest market share with the inhibition of the growth of microbes, eliminating odors and improving the air quality being the major utility areas. The antistatic properties of materials being developed now have tremendous stain proof capabilities and the ability of fabrics to interact with the environment help in the regulation of temperature. This has enabled their use in automotive vehicles.
The continuous innovation in the field of material science with incredible strides being made in the design and development of thermoplastics, polyurethane (PU) foams and elastomeric materials have enabled the development of intelligent fabrics with enhanced functionalities without compromising on the aesthetics of the vehicle. This trend is expected to continue with the increasing spending in R&D by major fabric manufacturers.
With rising concerns over the environmental sustainability of materials being used and increasing awareness of the consumers regarding the ecological footprint of their purchases, eco-friendly products are the future and all innovations will be driven towards them. The EU regulations about recycling are expected to be followed in other parts of the world with governments across the world emphasizing on greener materials.
The increasing adoption of smart technology in transport industry and the new trends in the wearable electronics market are going to contribute largely to the demand growth of smart fabrics in transportation.
The only constraint that could hinder the demand of smart fabrics is its price when compared to conventional fabrics.
WHAT THE REPORT OFFERS
Overview of Global Market for Smart Fabrics for Transportation with information on drivers and restraints In-depth analysis of Market for Smart Fabrics for Transportation and its applications in the industry Identification of factors responsible for changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on global and regional scale Extensively researched competitive landscape with profiles of major companies along with their market shares A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
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