Global Smart Fabrics for Transportation Market - Segmented by Components (Automobile Interior Carpets, Automotive Airbags, Car Upholstery-Car Body Covers, Helmets, Seat Belt Webbings, Nylon Tire Cord Fabrics, Heated Seats), Materials (Color Changing Material, Light Emitting Materials, Moving Materials, Temperature Changing Material), Application (Mobility management, Vehicle Management, Entertainment, Safety and Security, Passenger Information System), End-user Industry (Automobiles, Shipping, Railways, Aerospace), and Region - Growth, Trends, and Forecast (2018 - 2023)
The global smart fabrics for transportation market was valued at USD 265.16 million in 2017, and is expected to reach a value of USD 692.06 billion by 2023, at a CAGR of 14.14%, during the forecast period (2018 - 2023). The scope of the report is segmented by type, which include components, such as automobile interior carpets, automotive airbags, car upholstery-car body covers, helmets, seat belt webbings, nylon tire cord fabrics, heated seats, materials, like color changing material, light emitting materials, moving materials, temperature changing material and end-user industry are limited to government & public sector, healthcare, banking, finance, services and insurance (BFSI), retail, information and telecommunication technology, media and entertainment. While the region considered in the scope of the report include North America, Europe, Asia pacific, Middle East & Africa, and Latin America.
Miniaturization of Electronic Components
The advancements in the Nano technology and micro-fabrication technologies have enabled miniaturization process, which makes smart sensors cost-effective, driving the future of the smart fabrics market. The 3D printing production processes and Nano materials developed by Nano Dimension have the potential to resolve this challenge and help to create an efficient production technology for smart textiles. Miniaturization of fabric-related sensors is expected to lead to significant benefits in their applications, smaller versions of sensors are more flexible and can be embedded in a variety of devices, for obtaining real-time information and other advanced applications. These research and developments are boosting the smart textile area and setting the stage for more amazing smart fabric solutions.
Mobility Management is the Fastest Growing Market
Mobility management comprises of all the systems that allow drivers to reach their destination safe and quickly, with optimal fuel consumption by deploying smart fabrics into the vehicle, which can enhance the vehicle’s features. Through these smart fabric-sensing systems on interior cabins, vehicles can access real-time traffic information through their onboard navigation systems and re-route automatically, to avoid traffic jams. They can also provide information on parking lots and refueling stations, which can save the travel time. Over the next few years, because of advancements in IoT, drivers would be able to access highway warnings and messages to avoid accidents. Real-time data analytics is capable of clouting the IoT and big data capabilities, to enhance mobility systems and ensure concentrated device uptime. Ultimately, this can reduce costs associated with vehicle management and can benefit the transportation industry.
North America Accounted for Nearly Half of the Global Market Share (In Terms Of Revenue) in 2017
Technological penetration and increasing demand from end-user segments, such as aerospace, automobiles, shipping, and railways are driving the growth of the North American smart fabrics for transportation market. Major players in this region have launched efficient and highly advanced products, to deliver prevailing services. The emergence of information technology and increased usage of IoT in automotive applications has added a new dimension in the manner of conducting business operations in this region. The deployment of smarter fabrics functional systems, based on IoT techniques, help the transportation industry establish and maintain an operational process.
The major players include - AIQ SMART CLOTHING, INC., E. I. DU PONT DE NEMOURS AND COMPANY, GOOGLE, INC., TEXAS INSTRUMENTS, KOLON GLOTECH, INC., INTERACTIVE WEAR AG, OHMATEX, SCHOELLER TEXTIL AG ., SENSORIA, INC, TEXTRONICS, INC., INFINEON TECHNOLOGIES, INTELLIGENT CLOTHING, BODITRAK LLC and BEBOP SENSORS, amongst others.
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