Worldwide Smart Textiles Industry Anticipated For Substantial Growth By 2025 -Market Analysis By Growth, Demand, Supply, SWOT, And Consumption

In 2014, the Worldwide smart textiles Industry 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. 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.

Worldwide smart textiles Industry -Competitive Analysis

Eleksen
Auxetix
Fibretronic Limited
Exo2
Clothing+
ThermoSoft International
Peratech Ltd.
Gentherm

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Worldwide smart textiles Industry -Product Outlook and Trend Analysis:
The passive smart fabrics segment includes wearable clothes which can sense the user as well as surrounding atmosphere and account the same. This section ruled the global market during 2015 since it has less complicated functionalities and it has low cost than the other segments. The very smart textile section has the capability to adapt, react, and sense their performance to the specified conditions as well as follows the artificial intelligence principle.

Worldwide smart textiles Industry -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.

Worldwide smart textiles Industry -Regional Outlook and Trend Analysis
North American market is anticipated to embrace a major global industry share over the projected period. This region reported over 45.5% of the global market during 2015. This can be assigned to the rising requirement for these products in the healthcare and transportation industry. The low cost of labor and raw material in Asian countries, like India, China, and Japan has changed it into a production hub for these technologies. This has contributed to the reduction in the total smart fabrics production in the European regional market. Therefore, major vendors from the Asia Pacific regional market are tapping opportunities to insert such technologically sophisticated products as an element of their product portfolio.

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Major TOC of Report:
1. Introduction
1.1. Report Description

2. Executive Summary
2.1. Key Highlights

3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics

4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market Status and Outlook (2014-2025)
4.1.2. Canada Market Status and Outlook (2014-2025)
4.1.3. Mexico Market Status and Outlook (2014-2025)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market Status and Outlook (2014-2025)
4.2.2. France Market Status and Outlook (2014-2025)
4.2.3. UK Market Status and Outlook (2014-2025)
4.2.4. Russia Market Status and Outlook (2014-2025)
4.2.5. Italy Market Status and Outlook (2014-2025)
4.2.6. Rest of Europe Market Status and Outlook (2014-2025)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific

5. Smart Textiles Market, By Application
5.1. Introduction
5.2. Global Smart Textiles Sales, Revenue and Market Share by Application (2014-2017)
5.2.1. Global Smart Textiles Sales and Sales Share by Application (2014-2017)
5.2.2. Global Smart Textiles Revenue and Revenue Share by Application (2014-2017)
5.3. The Smart Textiles Market Assessment and Forecast, By Application, 2014-2023
5.4. Fashion and Entertainment
5.4.1. Market Assessment and Forecast, By Region, 2014-2023($Million)
5.5. Sports & Fitness
5.5.1. Market Assessment and Forecast, By Region, 2014-2023($Million)
5.6. Medical
5.6.1. Market Assessment and Forecast, By Region, 2014-2023($Million)

6. Smart Textiles Market, By Region
6.1. Introduction
6.2. Smart Textiles Market Assessment and Forecast, By Region, 2014-2023($Million)
6.3. Global Smart Textiles Sales, Revenue and Market Share by Regions
6.3.1. Global Smart Textiles Sales by Regions (2014-2017)
6.3.2. Global Smart Textiles Revenue by Regions (2014-2017)
...

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