+28% CAGR to Be Achieved by Smart Fabrics and Textiles Sales Market 2018 report studied by focusing on top companies like Fibertronic, Milliken & Company, Interactive Wear, Outlast Technologies, Schoeller Textil, Textronic

Global Smart Textile Market size is expected to Grow at a CAGR of +28% from 2018 to 2023.

Smart textiles are fabrics that are manufactured to include technologies that provide the wearer with increased functionality. It senses and responds to heat and mechanical, chemical, magnetic, and other stimuli or environmental conditions from other sources. The global demand for a variety of smart textiles continues to grow due to the growing base of applications in the end-user industry. Much of the demand for smart textiles comes from end-use industries such as military, defense and healthcare. Both developed and developing countries will see an increase in demand with innovative trends. This can be attributed to factors such as improved living standards, increased incomes, awareness of safety and environmental protection, advances in medical technology, expansion of the automotive sector, and increased medical costs.

Top Key Player Covered In This Report:
Fibertronic, Milliken & Company, Interactive Wear, Outlast Technologies, Schoeller Textil, Textronic

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The integration of smart textiles and wearables, the use of nanotechnology in textiles, the application of smartphones, the wearables in the medical sector, and the military, defense and sports sectors are key drivers of the global smart textile market. With rising demand in emerging economies such as India and China, research and development in the smart textile market has become a major opportunity in the global smart textile market.

At present, military & defense, healthcare, and entertainment segments have witnessed large-scale adoption of smart textiles due to increasing demand for functional and superior properties products. Automotive and sports & fitness are other popular segments in the global smart textile market. The rapid growth of smart textiles in the end user application is expected in subsequent years due to rise in demand for higher quality fabrics. These segments have a potential to generate high returns due to expected rise in the adoption of high-end fabrics.

The adoption of smart fibers in the military, defense and entertainment sectors is expected to increase and is seen as a favorable investment target. Compared to other segments, this segment owns a larger market size by value. Other emerging end-user applications such as healthcare, automotive, sports and fitness and others are expected to show good growth over the next few years. However, these applications have an appropriate market size in terms of their current value.

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Sports and fitness applications are expected to grow at a CAGR of 35% over the forecast period. Smart fabrics have the ability to respond to stimuli from electrical, thermal, chemical, mechanical and magnetic sources. The aforementioned features integrate with sophisticated electronic devices such as fitness belts and watches to monitor health and physical activity in real time. These products are used in applications such as architecture, fashion and entertainment, transportation, medical, military and security. The application of these fabrics in the defense and military sectors accounted for more than 25.5% of total sales in 2017.
By integrating electronic components into smart fibers, it is used in a variety of applications such as healthcare, operation, response and communications. Sensors, actuators, and control units. Wear ability technology is primarily related to textiles, electronics and clothing. These fibers regulate muscle vibration, control body temperature and protect against environmental hazards such as radiation. Because electronic components can be miniaturized, it is possible to integrate fabrics and electronic components. These are the drivers of the global smart textile market.

The Smart Fabrics and Textiles Sales Market Report mainly covers following Content.
Chapter 1 Smart Fabrics and Textiles Sales Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturer
Chapter 4 Production, Revenue (Value) by Region
Chapter 5 Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast
Continued…

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