Press release
Smart Textiles Market foreseen to witness a Considerable Advancement; Progressive CAGR 28.41% | Eleksen, Auxetix, Fibretronic Limited, Exo2, Clothing+, ThermoSoft International, Peratech Ltd., and Gentherm.
Smart Textiles Market
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Market Trending Outlook:
In 2014, the global smart textiles market was evaluated around USD 0.72 billion and is expected to reach approximately USD 6.80 billion by 2023 while registering itself at a compound annual growth rate (CAGR) of 28.41% over the forecast period.
Regional Insights
The marketing project management software has experience significant adoption rate among larger as well a small organizations, as they have different promoting exercises alongside adequate finances to put resources into marketing project management software for guaranteeing upgraded and enhanced advertising especially in the developing countries of the Asia Pacific region. Besides, North America by and large and United States and Canada specifically are quickly adopting marketing project management software as there is a significant usage of cell phones and online networking crosswise over authoritative work processes for persistent availability among representatives for empowering lithe administrations to its clients.
Competitive Insights
Key market participants like Adidas AG, Nike Inc., and O’Neill are anticipated to hold a considerable market share due to their capabilities in performance clothing. Other major market players involve Eleksen, Auxetix, Fibretronic Limited, Exo2, Clothing+, ThermoSoft International, Peratech Ltd., and Gentherm.
Industry Trend Analysis Overview:
The growing popularity of advanced gadgets with diverse technologically advanced operations such as reacting and sensing to the surrounding is expected to boost the demand. The declining costs of manufacturing of fabrics and electronic components together with the electronics miniaturization are projected to fuel the market during the forecast years. Elements like sensor units, actuators, and controllers are integrated into these fabrics for appropriate performance. The smart textiles are utilized by the military professional for safety and protection purpose and by the customer as a clothing entity. The expansion was primarily driven by fitness & sports application. These products have a massive growth potential due to their applicability over several sections like automotive, entertainment, and defense which consecutively expected to drive the industry growth over the forecast years. The increase in demand can also be assigned to the advent of advanced fibers and conductive materials that are utilized to produce these fibers. Nanotechnology has assisted in the formation of these intelligent textiles at a microscopic level as well as in the army equipment & uniforms development..
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Market Segmentation-
By Product
Passive smart textile
Active smart textile
Very smart textile
By Application
Fashion and entertainment
Sports & fitness
Medical
Transportation
Defense and military
Architecture
By Region-
Middle East And Africa (Saudi Arabia, UAE, Egypt, Nigeria And South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest Of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest Of Asia-Pacific)
Rest Of The World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
Application Outlook and Trend Analysis
During the forecast period, the sports & fitness application section is projected to experience a major growth with a compound annual growth rate of 35%. Smart fabrics acquire the capability to react to stimulations produced from magnetic, thermal, mechanical, chemical, and electrical sources.
With the abovementioned capabilities, it can function in incorporation with advanced electronics devices like fitness watches and belts to observe body and health vitals concurrently. These products are utilized in applications like fashion &entertainment, architecture, transportation, military & security, and medical. In 2015, usage of these fabrics in military and defense segment reported for more than 25.5% of the overall market revenue.
The rising global population has produced the demand for enhanced medical and healthcare facilities which are directing the application of smart fabrics for rapid patient recovery. Also, the requirement for improvement of athletic performance is expected to impact the research & development activities in this market favorably.
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Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
4. Smart Textiles Market, By Product
4.1. Introduction
4.2. Global Smart Textiles Sales, Revenue and Market Share by Product (2014-2017)
4.2.1. Global Smart Textiles Sales and Sales Share by Product (2014-2017)
4.2.2. Global Smart Textiles Revenue and Revenue Share by Product (2014-2017)
4.3. Smart Textiles Market Assessment and Forecast, By Product, 2014-2023
4.4. Passive Smart Textile
4.4.1. Market Assessment and Forecast, By Region, 2014-2023($Million)
4.5. Active Smart Textile
4.5.1. Market Assessment and Forecast, By Region, 2014-2023($Million)
4.6. Very Smart Textile
4.6.1. Market Assessment and Forecast, By Region, 2014-2023($Million)
5. Smart Textiles Market, By Application
6. Smart Textiles Market, By Region
7. Company Profiles
…..CONTINUED FOR TOC
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