Market Share of Smart Fabrics Industry
The Smart Fabrics Market is fragmented because multiple vendors have been witnessed raising funding recently to be channelized onto productions. For instance, Xenoma raised funds through additional investment by AOKI and TOYOSHIMA. These instances cater to market rivalry. Further, forward integration has been witnessed when considering the integrator-level stakeholders. With companies like Hexoskin and Sensoria, the competition has risen concerning end-consumer manufacturability. Recent developments in the market are -
In May 2023, Schoeller Textil AG has announced to launch its new sustainable collection Re-Source as part of its comprehensive brand strategy. Re-Source uses recycled materials from both bio-based and polyester and spandex fabrics, while offering modern design and high functionality.
In Februray 2023, New textiles developed at Aalto University in Finland that change shape according to temperature levels, where This innovation offers opportunities in the apparel sector for adjustable aesthetics, fabrics that could help monitor people’s health, and improve thermal insulation.
In July 2022, Loomia Technologies, based in Culver City, California, collaborated with Advanced Functional Fabrics of America (AFFOA) to produce highly tactile, heated handwear for commercial/recreational and military customers. AFFOA will lead consumer discovery, provide architectural system designs, and create an interface control unit, while Loomia will contribute its innovative e-textile technology to making heated handwear a reality.
Smart Fabrics Market Leaders
AIQ Smart Clothing Inc.
Adidas AG
NIKE Inc.
ThermoSoft International Corporation
Kolon Industries Inc.
*Disclaimer: Major Players sorted in no particular order
