Press release
DuPont, Toray Industries, Profiled in Smart And Interactive Textiles Market Forecast 2024 | Top Companies Koninklijke Ten Cate, Sensoria, Inc, Textronics, Inc, Interactive Wear, Globe Holding Company, Milliken & Company, Schoeller Textil, Indorama Venture
Smart And Interactive Textiles Market, Global Smart And Interactive Textiles Market Size, Smart And Interactive Textiles Industry
Advancements in the healthcare sector will be a significant driving factor for the global smart and interactive textiles market growth in the forecast years. Smart fabrics are slowly being used in wound dressing with pH sensors, bandages, gowns, hospital beds along with bio-monitoring of cardiovascular, neural, muscular, and respiratory activities. 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. Smart And Interactive Textiles Market size will surpass USD 6.5 billion by 2024; according to a new research report.
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High product manufacturing cost and market retain price in comparison to conventional fabrics may pose a threat to smart and interactive textiles market 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.
Europe will account for more than a fifth of the global smart and interactive textiles market in 2024 on the account of a sluggish growth owing to the rapid developments in the application sectors in the regions of North America and Asia Pacific. Growing military expenditures, particularly in the U.S., China, and North Korea, will boost the growth in these regions in the forecast spell. The tech-savvy population of China, Japan, and South Korea will further propel the Asia Pacific smart and interactive textiles market growth.
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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.
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.
Table of Content:
Chapter 1. Smart And Interactive Textiles Market Methodology and Scope
Chapter 2. Smart And Interactive Textiles Market Executive Summary
Chapter 3. Smart And Interactive Textiles Industry Insights
Chapter 4. Smart And Interactive Textiles Market, By Product
Chapter 5. Smart And Interactive Textiles Market, By Application
Chapter 6. Smart And Interactive Textiles Market Company Profiles
For more information on this report, Please visit at: https://www.marketstudyreport.com/reports/smart-and-interactive-textiles-market/?utm_source=OPR-SP
Related Report:
2012-2022 Global Smart and Interactive Textiles Industry Report
This report is an essential reference for those who look for detailed information on global Smart and Interactive Textiles market. The report covers data on national, regional, and global markets, including historical and future trends for supply, demand, prices, trading, competition as well as global major vendors' information. In addition to the data part, the report also provides overview of Smart and Interactive Textiles market, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics.
https://www.marketstudyreport.com/reports/2012-2022-global-smart-and-interactive-textiles-industry-report?utm_source=RR-SP
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