Smart Textile Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025– the addition of wearable’s in textiles, use of nanotechnology, and application in mobile phones are macroeconomic features that boost the growth of the smart textile market.
Smart Textile Market is valued at USD 93.3 Billion in 2018 and expected to reach USD 475.62 Billion by 2025 with the CAGR of 31.25% over the forecast period.
Clothing is one of the three basic human wants. From primitive age, textile is used for clothing which was extended to domestic and domestic purpose with advanced civilization. A textile is an object made by merging threads or yarns into a fabric. In the beginning, these yarns were made of natural animal or plant-based fibers. With advent in technology enhanced synthetic fibers were manufactured in laboratories that were durable and more multipurpose. Now digital communications technology has extended the point where the same very thin fibers that run through your smartphone and communicate data can be merged into cloth textiles. That’s what a smart textile actually is a cloth that has modern computer-based technology merged into it. The whole clue is that smart textiles are adaptive. For instance, when your laptop overheats, that change is listed as data that creates an automated reaction the computer fan turns on. That’s same it works with smart textiles. The technology merged into the fabrics will be able to notice environmental changes and respond accordingly depending on the programming or type of technology being used.
Global automotive camera market report is segmented on the basis of function, end user and region. On the basis of function is segmented into energy harvesting, sensing, thermoelectricity, luminescent, and others. On the basis end user industry market is segmented into healthcare, military and defense, entertainment, automotive, sport and fitness and others.
The regions covered in this Smart textile Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Smart textile is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global Smart textile Market Reports–
Global Smart textile market report covers prominent players Intelligent Clothing Ltd., International Fashion Machines, Inc., Interactive Wear AG, Vista Medical Ltd., Nike Inc., ONeill, Eleksen, Fibretronic Limited, ThermoSoft International, and Peratech Ltd. and Others.
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Increasing Demand and Adoption of Smart Textiles in Different Sectors
The increasing adoption of smart textiles across numerous applications, including sports & fitness are expected to be the key driving force for the industry. Sports & fitness sector is predicted to continue being the largest market segment for the next six years. Smart clothes are likely to take lead in the fitness segment and the market might see a surge in high finish athletic clothes that have biosensor installed. Growing technological advancements in smart textile are resulting into introduction of several textile products such as smart shirts including of bio-sensing circuitry that can be spun into the fibres. These shirts can simply read the vital signs of the wearer like coronary heart charge, exertion levels, changes in respiratory rate, etc. much easily in contrast to the wrist watches, as the surface of shirt is larger. The emergence of nanotechnology and its rising demand in smart textile industry delivers opportunities to the manufacturers of smart textiles.
North America is expected to Dominated the Smart textile Market
North America is the largest market for the smart textiles in terms of revenue generation followed by Europe. The U.S. is the major contributor to the regional market on account of substantial presence of well-established and leading end use industries such as aerospace & defense, and marine. Asia Pacific is expected to grow at the highest CAGR during the forecast period due to the surging demand from automotive, sports, building & construction industry. The major revenue grossers economies were India, China and Japan.
Key Benefits for Global Smart textile Market Reports –
- Global market report covers in depth historical and forecast analysis.
- Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global market report helps to identify opportunities in market place.
- Global market report covers extensive analysis of emerging trends and competitive landscape.
Smart Textile Market Segmentation –
- Energy harvesting
By End-User Industry
- Military and defense
- Sport and fitness
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East and Africa
- Rest of Middle East and Africa
Smart Textile Market Key Players
Intelligent Clothing Ltd.,
International Fashion Machines, Inc.
Interactive Wear AG
Vista Medical Ltd.