Press release
Smart And Interactive Textiles Market 2024 Top Key Players: DuPont, Toray Industries, Inc., Textronics, Inc, and Sensoria Inc
Global Market Insights
Continuous developments in treatment and disease prevention procedures encourage doctors to use sensor equipped textiles for better results. Global telehealth devices and services market will witness an exponential growth with CAGR above 50% in the next few years, propelling the smart and interactive textiles market demand. Several developed economies have implemented telemonitoring programs with smart textiles for cardiac patients in order to reduce the hospital readmission cost by continuously monitoring and recording the data through their sensor equipped clothing.
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Smart And Interactive Textiles Market size will surpass USD 6.5 billion by 2024; according to a new research report by Global Market Insights, Inc. High product manufacturing cost and market retain price in comparison to conventional fabrics may pose a threat to smart and interactive textiles industr growth in the forecast spell. The product is highly technology oriented with incorporation of specialized sensors and actuators to deliver its desired applicability.
Product manufacturing required a collaboration between electronics, ICT, and textile sectors. Special treatment of fabric is required with materials such as silver nanocomposites, ceramics, etc. in order to inculcate the smart characteristics of the fiber, which increases the overall production cost, hampering the smart and interactive textiles market prospects.
Smart and interactive textiles market has been mainly segmented into chromic materials, wearable electronics, and others such as anti-microbial textiles, self-cleaning textiles, geotextiles, etc. on the basis of product types. Wearable electronics are popular among the tech-savvy and sports enthusiast population and will flourish at a significant rate in the coming years.
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Chromic materials are designed to react to external stimuli such as heat, pressure, light, electricity, or even the presence or absence of certain liquid and gas media. This segment will likely augment the smart and interactive textiles industry growth with its growing popularity among the households of the developed nations.
Smart and interactive textiles market applications include transportation, medical & healthcare, industrial, military & defense, retail & consumer, and others such as space activities, household applications, etc. Extensive product application in aircrafts, automobiles, ships, rail coaches, etc. to develop the aesthetic and safety characteristics makes transportation sector a significant application segment with a market revenue forecast at more than USD 1.5 billion in the year of 2024.
In 2024, medical & healthcare application will likely generate a revenue close to USD 450 million for the overall smart and interactive textiles market and witnessing growth at a rapid pace in forecast years. Rising product acceptance in manufacturing smart dressings, self-cleaning gowns, and smart hospital beds will boost the growth during the forecast spell.
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Notable smart and interactive textiles market players include DuPont, Toray Industries, Koninklijke Ten Cate, Sensoria, Inc, Textronics, Inc, Interactive Wear, Globe Holding Company, Milliken & Company, Schoeller Textil, Indorama Ventures, Outlast Technologies, AiQ Smart Clothing Inc, EXO2, and D3O Lab.
Partial Chapter of the Table of Content:
Chapter 3. Smart And Interactive Textiles Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.1.1. Rapidly developing medical and healthcare sector
3.4.1.2. Increasing acceptance in automobile sector
3.4.1.3. Growing sports and fitness applications
3.4.2. Industry pitfalls & challenges
3.4.2.1. High product manufacturing cost
3.5. Growth potential analysis
3.6. Regulatory trends
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Porter’s analysis
3.8. Company market share analysis, 2015
3.8.1. Strategic landscape
3.9. PESTEL analysis
3.10. Regional price trends
3.10.1. Cost structure analysis
3.10.2. Raw material trends
Chapter 4. Smart And Interactive Textiles Market, By Product
4.1. Global smart and interactive textiles market share by product, 2015 & 2024
4.2. Wearable electronics
4.2.1. Market estimates and forecasts, 2013 - 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3. Chromic materials
4.3.1. Market estimates and forecasts, 2013 - 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024
4.3.3. Photochromic materials
4.3.3.1. Market estimates and forecasts, 2013 - 2024
4.3.3.2. Market estimates and forecasts by region, 2013 – 2024
4.3.4. Thermochromic materials
4.3.4.1. Market estimates and forecasts, 2013 - 2024
4.3.4.2. Market estimates and forecasts by region, 2013 – 2024
4.3.5. Other chromic materials
4.3.5.1. Market estimates and forecasts, 2013 - 2024
4.3.5.2. Market estimates and forecasts by region, 2013 – 2024
4.4. Others
4.4.1. Market estimates and forecasts, 2013 - 2024
4.4.2. Market estimates and forecasts by region, 2013 – 2024
Chapter 5. Smart And Interactive Textiles Market, By Application
5.1. Global smart and interactive textiles market share by application, 2015 & 2024
5.2. Industrial
5.2.1. Market estimates and forecasts, 2013 - 2024
5.2.2. Market estimates and forecasts by region, 2013 – 2024
5.3. Military & defense
5.3.1. Market estimates and forecasts, 2013 - 2024
5.3.2. Market estimates and forecasts by region, 2013 – 2024
5.4. Medical and healthcare
5.4.1. Market estimates and forecasts, 2013 - 2024
5.4.2. Market estimates and forecasts by region, 2013 – 2024
5.5. Retail and consumer
5.5.1. Market estimates and forecasts, 2013 - 2024
5.5.2. Market estimates and forecasts by region, 2013 – 2024
5.6. Transportation
5.6.1. Market estimates and forecasts, 2013 - 2024
5.6.2. Market estimates and forecasts by region, 2013 – 2024
5.7. Others
5.7.1. Market estimates and forecasts, 2013 - 2024
5.7.2. Market estimates and forecasts by region, 2013 – 2024
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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