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The smart flooring market size was valued at USD 151.7 million in 2022 and is projected to grow from USD 230.1 million in 2023 to USD 5,873.3 million by 2030, exhibiting a CAGR of 58.9% during the forecast period. North America dominated the global market with a share of 37.64% in 2022.
Smart (intelligent) flooring is an integrated sensor & microelectronics underlay that can be deployed under any kind of flooring such as carpet, PVC, and laminate. It enables users to track people's speed, falls, spills, and gait without any need for pressure-based sensors. In addition to monitoring movements, some advancements also enable electricity generation. With such innovative features, the technology is being implemented in various areas by key players in the market. For instance,
With high-tech enhancements in the market, the growth of the global smart flooring market share can be attributed to several sectors, such as gaming, sports, healthcare, malls, and musical events.
The COVID-19 pandemic surged the demand for smart home products, and awareness regarding these products increased during this period. According to a survey, around 80% of consumers were unaware of smart home technology before the pandemic. Social distancing became the norm during the outbreak and products, such as smart cameras and smart security systems, gained traction across residential and commercial spaces.
The adoption of smart building technologies and connected equipment increased with the enforcement of new policies during the pandemic. The ability of smart building technologies helps to monitor and implement these policies, thus improving building efficiency.
Smart floors - one of the elements of smart buildings - also gained popularity during the pandemic as they ensured the safety of customers while lining up for coffee and food. For instance, the Australian Graphene Industry Association introduced On-Q-Mat, which used state-of-the-art technology to ensure social distancing.
Hence, smart flooring ensured social distancing during the pandemic. However, post-pandemic, the technology solutions will gain traction in residential and commercial spaces for various applications.
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Smart Floors across Retail Sector and Kinetic Dance Floors to Augment Market Growth
Smart floors capture kinetic energy from human movement and transform it into electrical energy. This technology is being used on dance floors to generate electricity. As more companies are leaning toward sustainability, intelligent flooring solutions have gained immense popularity in recent years. According to the United Nations, heat and electricity generation is the most significant source of global greenhouse gas emissions, accounting for about 35%.
Along with key players, governments across the world have also recognized the importance of kinetic dance floors, which can harness power and generate electricity. Governments in several countries have started different initiatives to regulate the power of kinetic dance floors. For instance,
These initiatives are steadily impacting the market growth.
Rising Awareness of Benefits of Smart Flooring Solutions is Driving Market Growth
On the component level, floor sensors are mounted on devices to generate data. This data is used for several purposes, from people management to energy conservation.
IoT sensors have been popular in smart homes and buildings, typically installed in equipment or ceilings. However, with the recent advancements in IoT technology, users are becoming aware of the benefits of smart floors.
Furthermore, key vendors in the market are constantly partnering and merging with leading smart flooring companies to enhance their solution capabilities. This strategy combines the best of their expertise with the acquired firm's capabilities. As the market is still emerging, the vendors aim to develop their solutions according to their customers’ changing requirements.
Smart flooring technology also has potential applications in hospitals and other related medical facilities including retirement homes. This technology helps medical staff monitor a patient's condition in real-time, allowing them to follow their rehabilitation progress or know when a patient falls on the ground.
High Cost of Installing Relevant Software Likely to Curb Market Growth
Smart flooring is a sensitive floor system comprising sensors, walkable solar panels, interactivity, and big data. It uses lots of smaller circuits to integrate the larger ones. This dramatically increases the cost of integration and installation.
As the technology is still new and in its nascent stage, the installation cost of smart flooring is much higher than that of the traditional flooring system. This factor limits the implementation of this technology within small- and medium-sized enterprises and personalized home care systems.
Surge in Use of Smart Fabrics and Smart Carpets to Enhance Adoption of Hardware
There are two components in the smart flooring market - hardware and software. Hardware segment is expected to hold the maximum share during the forecast period.
Numerous applications of hardware solutions, such as sensors, smart fabrics, smart mats, and smart carpets, are driving their adoption. Various players and institutes in the industry are innovating their products by using smart technology. For instance,
These innovations will fuel the smart flooring market growth.
Rising Usage of Smart Floors in Commercial Sector Will Drive Market Expansion
Smart flooring solutions are being used in commercial as well as residential. The commercial segment generated the highest revenue for the market in 2022, and might record the highest CAGR during the analysis period.
Corporate offices and plazas are more inclined toward adopting smart technologies as they provide an effective way for office staff to manage the functional space of these establishments. As the data can be directly sent to the control center or a mobile dashboard, it enables managers to monitor the building from any location.
The residential segment is also considerably growing due to rising requirements for personalized smart technologies for senior living and smart homes. Various key players in the market are forming alliances to deliver enhanced solutions. For instance,
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Increasing Usage of Smart Floors in Healthcare & Rehabilitation Fuels Market Progress
Smart flooring solutions are being used for different applications such as healthcare & rehabilitation, gaming & sports, retail, security, smart homes, and others.
As per FBI analysis, the healthcare & rehabilitation segment accounted for the largest market share in 2022. With easier & faster fall detections, enhanced safety & security, and proactive care, the usage of intelligent flooring in nursing homes and care homes has increased substantially. Various care homes and senior living centers have started installing smart floors to provide better facilities. For instance,
The gaming & sports segment will likely record the maximum CAGR during the forecast period. The growing popularity of physical games among youth and children is expanding the applications of intelligent flooring solutions. Key players, such as Energy Floors and Pavegen, have designed and developed smart floors specifically for gamers.
North America Smart Flooring Market Size, 2022 (USD Million)
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The market is geographically studied across North America, South America, Europe, the Middle East & Africa, and Asia Pacific, and each region is further studied across countries.
According to our research, North America accounted for the largest revenue share in 2022, owing to emerging smart technologies and the rising adoption of smart buildings in the region. North America is also a prominent place for top events, such as music festivals, sports leagues, and product or service launches, thereby boosting the scope of intelligent flooring applications in the region. This is why key players in the market are expanding their reach in the North America region. For instance,
The report also indicates that Asia Pacific will witness the highest CAGR during the forecast period. The increasing adoption of smart buildings in countries, such as India, Singapore, China, Malaysia, and others, will cater to the demand for smart technologies in the region. The region also has a vast presence of emerging tech-based start-ups that contribute toward technological developments in various countries across the region.
With the presence of key players, such as Pavegen, Future-Shape GmbH, among others in Europe, the region has seen significant growth in the market. Government initiatives and technological advancements introduced by these leading companies are driving the European market growth. For instance,
The Middle East & Africa region is predicted to show moderate growth during the forecast period. The region is inclined toward reducing carbon emissions and adopting smart technologies, thereby increasing the demand for energy-efficient smart building solutions. According to a report by the IDC, MEA’s annual investments in smart city technologies reached USD 2.3 billion in 2021. Such hefty investments will create growth opportunities for advanced technologies, such as smart homes and smart flooring.
South America is the most rapidly urbanizing region, and according to research, around 90% of citizens in South America will live in cities by the end of 2050. The region has witnessed significant investments in public infrastructure projects that exhibit the high usage of Internet of Things in intelligent solutions. Thus, South America is estimated to have considerable growth during the analysis period.
Increasing Focus on Global Expansion to Strengthen Key Players’ Market Position
The key players are keen on developing smart technologies in numerous applications, such as gaming & sports, retail, rehabilitation, and security. Securing funds to streamline smart building technologies is one of the key strategies enterprises adopt. Likewise, market players strategically collaborate and form alliances worldwide for global expansion.
An Infographic Representation of Smart Flooring Market
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The study on the market includes prominent areas globally to gain enhanced insights into various industrial sectors. Additionally, the research provides an understanding of the recent industry developments and evaluates modern solutions being adopted globally. It also highlights some growth-stimulating boundaries and components, allowing the reader to obtain an all-inclusive understanding of the market.
CAGR of 58.9% from 2023 to 2030
Value (USD million)
By Component, End-user, Application, Region
The market is projected to reach USD 5,873.3 million by 2030.
In 2022, the market stood at USD 151.7 million.
The market is projected to register a CAGR of 58.9% in the forecast period of 2023-2030.
The gaming & sports application segment is likely to lead the market.
Energy-generating kinetic dance floors will boost the sale of the product.
Pavegen, Future-Shape GmbH, Energy Floors, Technis SA, and MariCare, among others, are the top players in the market.
North America is expected to hold the highest market share.
Healthcare has the largest market share by application.
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