Market Size of Smart Fabrics for Sports and Fitness Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 25.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Smart Fabrics for Sports & Fitness Market Analysis
Smart fabrics for the sports and fitness market are expected to register a CAGR of 25.7 % over the forecast period. The recent developments in microfiber technology have enabled the production of textiles with advanced features like breathability, waterproofing, etc. These additional abilities to react to heat or light give them a significant edge in adapting to external environmental stimuli over traditional fabrics.
- The recent technological advancements in the microelectronics industry have resulted in developing components scaled down to Nano-scale. These advancements are expected to boost the growth of smart fabrics for the sports and fitness market over the forecast period.
- Major companies have been researching smart fabrics for new possibilities to incorporate fabrics or textiles with emerging technologies, to improve the consumer's lifestyle. For instance, in July last year, Microsoft designed smart fabric with object and gesture detection. Layers of interconnected sensors that can identify an object or motion are woven into the fabric. It can take data from the smart fabric, process it, and transmit it.
- Smart Clothing has witnessed increasing applications in the Sports industry. The German men's national soccer team wears smart tech clothing in the form of jerseys by Adidas that track a wide range of information during the team's games and exercises. Mentors use speed, pulse, and distance metrics to plan future training and create a game strategy.
- An extended period of usage is an important consideration when purchasing smart clothing since it is fitted with electronics that must be durable. At the same time, the fabric must be stretchy and able to wash without damaging the electronics.
- Due to the novel COVID-19 outbreak, the market may not see significant growth, as smart fabric manufacturing requires a high level of automation and advances in textile processing techniques (such as electronic controlling systems, 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).
