Smart Fabrics for Transportation Market by Application and Geography - Forecast and Analysis 2022-2026

The smart fabrics for transportation market share is expected to increase by USD 1.25 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 22.35%.

This smart fabrics for transportation market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers smart fabrics for transportation market segmentations by application (automobiles, aerospace, railways, and others) and geography (North America, APAC, Europe, South America, and Middle East and Africa). The smart fabrics for transportation market report also offers information on several market vendors, including Ashimori Industry Co. Ltd., Camira, Freudenberg Performance Materials Holding SE and Co. KG, Kolon Industries Inc., Schoeller Textil AG, and Sefar AG among others.

What will the Smart Fabrics For Transportation Market Size be During the Forecast Period?

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Smart Fabrics For Transportation Market: Key Drivers, Trends, and Challenges

The increasing adoption of BLE technology and miniaturization of electronic components is notably driving the smart fabrics for transportation market growth, although factors such as high manufacturing cost may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the smart fabrics for the transportation industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Smart Fabrics For Transportation Market Driver

• The increasing adoption of BLE technology and miniaturization of electronic components is one of the key drivers fueling the smart fabrics for transportation market growth.
• Bluetooth low energy (BLE) technology is used in many electronic devices, such as smartphones, tablets, and laptops. This technology has a wireless personal area network that is enabled with connectivity to mobile phones for multi-vendor interoperability and low power consumption.
•  BLE technology-enabled garments can sense and monitor data when connected to the Internet. 
• There has been a continuous trend of miniaturization of electronic components and systems, which has expedited the need for smaller assembly components for manufacturing smart fabrics.
• Radical developments in wireless and electronic technologies have enabled miniaturization and their integration into conductive textiles, which will fuel the market growth during the forecast period.

Key Smart Fabrics For Transportation Market Trend

• The rising adoption of mobility management is one of the key smart fabrics for transportation market trends propelling the market growth.
• Mobility management refers to all the technologies that enable drivers to reach their destination safely and quickly while consuming the least amount of gasoline possible by incorporating smart fabrics into the vehicle and enhancing the vehicle's features.
• Vehicles can access real-time traffic information through their onboard navigation systems and re-route automatically to prevent traffic congestion, owing to these smart fabric-sensing systems on interior cabins. The system could also provide information about parking lots and refueling stations, which can reduce the amount of time on the journey. 
• Real-time data analytics has the potential to leverage IoT and big data capabilities to improve mobility systems and assure concentrated device uptime. Hence, this can reduce costs associated with vehicle management and can benefit the transportation industry.

Key Smart Fabrics For Transportation Market Challenge

• High manufacturing cost is one of the key factors impeding the smart fabrics for transportation market growth.
• Smart fabrics are priced much higher than regular fabrics as these products involve the incorporation of electronic components and technologies, such as nanotechnology and BLE technology. The high research and development (R&D) investments required for the development of these products also add to the end cost. 
• Products based on advanced technologies, such as nanotechnology and BLE technology, are integrated into woven fabrics or textiles for developing smart fabrics. 
• The production cost of smart fabrics increased over the years with the growing demand for woven textiles and fabrics, which is expected to impede the market growth during the forecasted period.

This smart fabrics for transportation market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global smart fabrics for transportation market as a part of the global textiles market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the smart fabrics for the transportation market during the forecast period.

Who are the Major Smart Fabrics For Transportation Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Ashimori Industry Co. Ltd.
• Camira
• Freudenberg Performance Materials Holding SE and Co. KG
• Kolon Industries Inc.
• Schoeller Textil AG
• Sefar AG

 

This statistical study of the smart fabrics for the transportation market encompasses successful business strategies deployed by the key vendors. The smart fabrics for transportation market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• camirafabrics.com - The company offers smart fabrics for transportation that includes flat-wovens, moquettes, leathers, vinyls and a range of co-ordinating trims.
• freudenberg-pm.com - The company offers smart fabrics for transportation that includes Freudenberg technology, Lutraflor technology which helps in Induction Heating Systems, Induction Casting Machines, Induction Melters and Custom Coils.
• kolonindustries.com - The company offers smart fabrics for transportation that includes a variety of chemical fibers and textiles such as nylon yarns and fabrics, chamude, tire cord fabrics, and air bag fabrics.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The smart fabrics for transportation market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Smart Fabrics For Transportation Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the smart fabrics for the transportation market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Smart Fabrics For Transportation Market?

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54% of the market’s growth will originate from North America during the forecast period. The US is the key markets for the smart fabrics for the transportation market in North America. Market growth in this region will be faster than the growth of the market in South America.

The technological advancements and increasing technological penetration among users and increasing demand from end-user segments will facilitate the smart fabrics for transportation market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 had adversely impacted on the regional market. However, with the gradual recovery of regional economies from the COVID-19 crisis, the regional smart fabrics for the transportation market is expected to grow at a significant rate during the forecast period.

What are the Revenue-generating Application Segments in the Smart Fabrics For Transportation Market?

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The smart fabrics for transportation market share growth by the automobiles segment will be significant during the forecast period. The automobiles segment is likely to experience stagnant growth during the forecast period. In the transportation industry, smart fabrics are used to manufacture hoses, headliners, airbags, tire cord fabrics, seats, carpets, and automotive upholstery. They are also used for ensuring safety and vehicle weight reduction, and other factors. Smart materials in textiles can form a part of smart systems because they can sense the surrounding environment and respond to external stimuli with interactive technology using actuators and sensors. These factors may boost the segment growth in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the smart fabrics for transportation market size and actionable market insights on post COVID-19 impact on each segment.

 

Smart Fabrics For Transportation Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 22.35%
Market growth 2022-2026	$ 1.25 billion
Market structure	Concentrated
YoY growth (%)	21.19
Regional analysis	North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution	North America at 54%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Ashimori Industry Co. Ltd., Camira, Freudenberg Performance Materials Holding SE and Co. KG, Kolon Industries Inc., Schoeller Textil AG, and Sefar AG
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Smart Fabrics For Transportation Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive smart fabrics for transportation market growth during the next five years
• Precise estimation of the smart fabrics for transportation market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the smart fabrics for the transportation industry across North America, APAC, Europe, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of smart fabrics for transportation market vendors

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