Press release
Smart Textiles Market 2018-2021 in Military Industry | BAE, Mide TechnologyOhmatex, Royal Ten Cate, W. L. Gore, BeBop Sensors, Directa Plus, Intelligent Textiles and Outlast Technologies
Smart Textiles For Military
Market Research Future Published a Cooked Research “Global Smart Textiles for Military Market Research Report - Forecast to 2021” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2021.
The leading market players in the global smart textiles for military market primarily include BAE Systems, Mide Technology, Ohmatex, Royal Ten Cate, W. L. Gore & Associates, Advanced Fabric Technology, BeBop Sensors, Directa Plus, Intelligent Textiles, and Outlast Technologies.
Market Synopsis of Global Smart Textiles For Military Market
The Global Smart Textiles For Military Market is expected to grow at a CAGR of around 11% during 2016-2021. The key factors driving the growth are growing need for lightweight textile for military to enhance performance and miniaturization of electronic materials.
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As per the MRFR analysis, factors restraining the market growth are regulatory issues, resource scarcity, and other industrial challenges to meet unmet needs.
Industry/ Innovation/ Related News:
October, 2017:- Monarch Aircraft Engineering Limited (MAEL) signed a contract with the China Airlines to carry out line maintenance on its aircraft.
June, 2013 - Burlington Industries LLC, a division of International Textile Group (ITG), signed two contracts worth USD 160 million by the Defense Logistics Agency (DGA), to provide fabrics for use in the newly updated military uniforms of the US Army.
Smart Textiles for Military Market – Segments
For the convenience of the report and enhanced understanding; the smart textiles for military market is segmented in to two key dynamics:
Segmentation by End Use: Energy Harvest, Radar, Protection & Mobility, Healing, Sensing, and Thermal Luminescence.
Segmentation by Regions: Comprises Geographical regions –Americas, Europe, APAC and Middle East and Africa.
Smart Textiles for Military Market – Regional Analysis
Asia, mainly the emerging countries such as China and India have provided a major growth in the military segment in the APAC region. The growth of military expenditure in the APAC region is among the highest in the world. Along with the need to equip the military troops for modern warfare, there have been substantial expenditure for new military equipment and also enhanced military clothing.
Since, the manufacturing of traditional textiles has majorly shifted towards countries with cheap labor, the industrialized and development countries in the US and Europe geared up to capture new market opportunity in the field of high-end smart textile. Smart textiles had provided the advanced countries to utilize their skilled manpower, equipment, materials and processes to develop and maintain sustainable growth in the smart textile industry.
However, emerging countries in the APAC region such as China and India have also recently emerged as the major producer and consumer of technical textile. It provides these emerging countries with an attractive share of the growing smart textile market and not to lose the market on the technological front. Few of the other major markets for smart textiles in the APAC region are Japan, South Korea, and Taiwan.
On the other hand, the US, which is the leading market in the Americas, also has a substantially large defense market and military expenditure, which makes it a very attractive market for high-end military products such as the smart textiles for military applications.
Although the US has ended its combat operation in Afghanistan, a smaller number of troops remain. Furthermore, the US has deployed thousands of its troops in various other conflict regions. Also, the US government is funding for new programs to fight against the ISIS. The US will remain the largest spender on military products in the next decade. Military expenditure will also be driven by new initiatives of the US Army to strengthen and regroup its military base in Europe. Thus, despite the defense budget cuts, the need for protective clothing and military expenditure to equip the troops with enhanced high-tech products is expected to provide a growth in the market.
Canada is also expected to provide sufficient expenditure and funding for its military program (including clothing and textiles). It is thus expected that continued military spending along with growing research and development on military safety and protective products including the enhanced military clothing provides a healthy market growth for smart textiles in the Americas.
Target Audience
• Military Textiles OEMs
• System/Equipment Suppliers
• Government Bodies
• Potential Investors
• Key executive (CEO and COO) and strategy growth manager
Scope Of Report
The market report for Global Smart Textiles For Military Marketof Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions
Taste the market data and market information presented through more than 40 market data tables and figures spread over 80 numbers of pages on the project report. Avail the in-depth table of content TOC & market synopsis on the “Global Aircraft Engine Fuel Systems Market Research Report - Forecast to 2023”. @ https://www.marketresearchfuture.com/reports/smart-textiles-for-military-market-1656
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