Global Smart Flooring Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Smart Flooring Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Smart flooring is high tech floors which have motion sensors and electronics that detect movement, weight, pressure and other data to help improve security, construction methods, traffic flow, interior design and more. It is designed and built according to its application but is typically made up of multiple intelligent tiles.

Market Overview:

The latest research study on the global Smart Flooring market finds that the global Smart Flooring market reached a value of USD 147.51 million in 2022. It’s expected that the market will achieve USD 476.72 million by 2028, exhibiting a CAGR of 21.59% during the forecast period.

Returning to work in the wake of the COVID-19 pandemic is not the end of social alienation. It is only the beginning of a new long-term normal. Safeguarding the health of consumers and the workforce is a top priority for businesses and governments to ensure the well-being of employees and customers, business resilience and regulatory compliance. For businesses prone to viral outbreaks within their ranks, this will be a critical time to explore the proactive deployment of automation technologies (e.g., collaborative robots, autonomous material movement, industrial IoT) to reduce worker density across their operations. The use of smart floors and IoT can help colleagues discreetly alert when they get too close and anonymously create contact histories (if infected) using distance data rather than location.

From a smart flooring hardware manufacturer's perspective, the COVID-19 pandemic poses a number of challenges for manufacturers; first, much of the manufacturing work is done onsite and cannot be done remotely. Secondly, the slowdown in economic activity has reduced global demand for industrial products. Especially at this stage of the pandemic, which continues in Europe and the US.

However, at this stage, the promotion of smart flooring is mainly promoted through cooperation between companies and institutions or governments, and is relatively less negatively affected by the macroeconomic outbreak than other industries. The steady progress of the project has kept a low growth rate for smart flooring in 2020.

In summary, COVID-19's blow to the industry chain and consumer demand has reduced the market demand for smart flooring, however, the special model of smart flooring and the opportunities brought by COVID-19 still keep smart flooring growing in 2020. With the gradual economic recovery, increasing smart flooring penetration and technological advancements, the smart flooring industry will witness rapid growth.

The Role of Smart Flooring

Because smart floors have sensors and electronics, they can detect motion, weight, pressure, and other data to help improve safety, construction methods, traffic flow, interior design, and more. Smart Flooring was initially intended for surveillance and medical monitoring. In the area of surveillance, smart flooring solutions can reduce the number of false alarms that occur in homes and businesses. In the medical field, the system can detect a patient's fall, signaling a possible heart attack or other emergency. With devices that medical professionals are accustomed to, the system alerts the appropriate medical facilities, caregivers and emergency personnel to respond to the situation. The smart floor can also send data about daily changes in their daily walking activity and detect potential falls and illnesses. In addition, the Smart Floor can help sports and health care professionals frequently perform gait analysis on athletes and rehabilitators. This includes measuring factors such as stride length and foot spacing. Smart Floors can measure these factors by detecting the position of the foot after stride completion. Users can periodically perform predetermined routines, such as jumping or reaching, and analyze their performance to determine if they are improving over time. In addition to security and medical applications, some smart floors also use the energy displaced by people walking on the floor to generate electricity. Floor tiles and sensors collect kinetic energy from people's footsteps and convert it into energy that is stored in batteries. The stored energy is then evaporated when energy demand increases. Not only can smart floors be used to provide clean energy, but they can also be used to generate useful data. In some commercial establishments, smart floors can analyze consumer behavior by collecting data from pedestrians, thus enabling businesses to better formulate business strategies. Based on these features, the market demand for smart flooring is likely to rise and its popularity will increase as the application scenarios continue to expand.

High costs

Despite the growing market interest in smart flooring, it has not been widely accepted. One of the barriers to widespread adoption include high equipment prices and installation costs, especially when faced with large areas to cover. Since most of the industry players in smart flooring are in their nascent stage, they have yet to develop economies of scale, resulting in high prices for products and services. This, coupled with the limited consumer demand, have hindered the expansion of the market for smart flooring.

Region Overview:

Geographically, Europe held the largest market share – 52.95% in 2022.

Company Overview:

Elsi Smart Floor (MariCare) is one of the major players operating in the Smart Flooring market, holding a share of 20.3% in 2023.

Elsi Smart Floor (MariCare)

MariCare is the leading provider of Sensor & Care Solutions. Since its introduction to the market in 2005, MariCare Systems has been the forerunner, and has been selected for its performance and for its unique new features for improved service and quality in Elderly Care facilities.

Future-Shape GmbH

Future-Shape GmbH has many years of experience in material science, sensor technology, and radio systems. The Future-Shape GmbH was founded in 2005 by Christl Lauterbach and is privately owned.

Segmentation Overview:

As for product types, the On-premise segment held the largest market share in 2022.

On-premise

Smart flooring on-premise software requires that an enterprise purchases a license or a copy of the software to use it. Because the software itself is licensed and the entire instance of software resides within an organization’s premises, there is generally greater protection than with a cloud-based smart flooring. The downside of on-premise environments is that costs associated with managing and maintaining all the solution entails can run exponentially higher than a cloud computing environment.

Cloud

A cloud-based smart flooring utilizes virtual technology to host an application offsite. There are no capital expenses, data can be backed up regularly, and users only have to pay for the resources they use or just use them for free. Cloud smart flooring differs from on-premises software in ways that in a cloud environment, a third-party provider hosts all that for consumers.

Application Overview:

By application, the Health Care and Security segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Smart Flooring market covered in Chapter 3:

Future-Shape GmbH
Scanalytics Inc.
Energy Floors
Zhongrun Optoelectronics
Huaze Show
Pavegen
Technis SA
Elsi Smart Floor (MariCare)

In Chapter 4 and Chapter 14.2, on the basis of types, the Smart Flooring market from 2018 to 2029 is primarily split into:

On-premise
Cloud

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Smart Flooring market from 2018 to 2029 covers:

Smart City
Health Care and Security
Smart Retail
Smart Homes
Transport Hubs
Events
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)