The Global Smart Fabrics Market accounted for 1,920.8 Million in 2021.

Smart fabrics are advanced fabrics developed with novel technologies, which offer value add to the users. Some of these fabrics also accumulate energy from the surroundings by extracting vibrations, heat, or sound, and by responding to the inputs provided. Such textiles have varied applications to enhance performance and add aesthetic value. For instance, the fashion industry uses such kind of fabric by which the costumes have been made because of its light-up and color-changing properties.

The advancement and implementation of smart technologies such as artificial intelligence (AI) & the internet of things (IoT) are augmenting the growth of the Smart Fabrics Market during the projected years. The increased use of electronic wearables and large demand for smart fabrics are the factors that are expected to drive the growth of the Smart Fabrics Market in the coming years.

New emerging technologies such as artificial intelligence (AI) and the Internet of Things (IoT) have completely changed the look and feel of the textile industry. Smart apparel is being produced with the aid of integrated AI, Bluetooth Low Energy (BLE), edge computing, and cloud technology.  This technology helps to monitors & communicate the user's information, including blood pressure, heart rate, perspiration, and temperature. AI gathers historical and real-time operational data & provides insights, which can enhance the user’s efficiency. Defect detection, pattern inspection, and color management are some of the key applications of AI in fabric manufacturing. The use of artificial intelligence has made it possible to increase the production of smart apparel that helps IoT and electronic sensors to create a rewarding user experience. The technology integration in textiles helps to provide a more comfortable and health-focused experience. Since a major portion of the body is covered with smart textiles, it potentially provides different types of data information. Besides, these types of textiles highly depend on BLE and IoT technologies for a long-lasting energy source from their battery embedded inside the costume. Therefore, all the above factors are responsible for bolstering the growth of the Smart Fabrics Market in the near future.

The lack of standards and regulations has become one of the keys restraining the market growth and is making it difficult for smart fabric manufacturers to scale up and commercialize new and incremental technologies for the fabric market. The production of smart textiles can pose serious environmental and health hazards. Some of the major operations of the textile industry are dying, de-sizing, bleaching, scouring, neutralizing mercerizing, printing, and finishing. This led to the discharge of high-level toxic effluent that contaminate soil, air, groundwater, and surface water.

North America held the largest market share in 2021. The high demand for smart textiles in the United States especially from the military & protection, healthcare, and sports & fitness verticals, is one of the key factors that fuel the growth of the smart textiles market in this region. In addition, the large presence of several prominent smart textile manufacturers such as Gentherm (US), Alphabet (US), Sensoria (US), Jabil (US), and DuPont (US), is also another factor that boosting the growth of Smart Fabrics Market in this region.

Some of the prominent players operating in the Global Smart Fabrics Market are - Adidas AG, AiQ Smart Clothing Inc., Clothing+ (Jabil Circuit, Inc.), EXO2, OTEX Specialty Narrow Fabrics Inc., Gentherm, Inc., Mide Technology Corporation, Nike, Inc., Ohmatex ApS, Sensing Tex SL, Sensoria Inc., Thermosoft International Corporation, and Kolon Industries Inc.