Aug 12, 2015
Smart fabrics market expected to reach $1.59 billion dollars by 2020
Aug 12, 2015
A research report by Grand View shows that the global smart textile/fabric market is expected to be valued at $1.59 billion dollars by 2020, growing at a compound annual growth rate of 24.1% from 2013 to 2020.
As the electronics get smaller and more integrated into smart garments, laundering is becoming a bigger challenge, suggests the report. Washability has to deal with electronic components' resistance against high temperature and mechanical stresses, as well as chemical resistance against moisture and detergents.
Further key findings suggest that consumers have been focusing on fashionable products that go a step further from traditional functions of fabric. Growth in the fashion and entertainment industry is expected to propel overall smart fabric market growth.
Additionally, demand from the sports and fitness sector has been increasing on account of growing awareness pertaining to the benefits of a healthy lifestyle. Brands like Adidas and Clothing+ are essential in this market.
The smart textiles field, which is expected to be prominent in the military and health sector, according to the Grand View Report, needs to ensure efficient power supply, since using conventional batteries may render the target garment too bulky for wear. Efforts to combat this drawback include development of a lightweight fabric that acts as a credible power supply, thus fulfilling the dual purpose of wearability and functionality.
Designers who have created wearable tech garments include Hussein Chalayan, Anouk Wipprecht and the London-based studio CuteCircuit.
Written by Barbara Santamaria
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