openPR Logo
Press release

Smart Textile Market to Garner $5,369 Million - Comprehensive and Competitive Analysis of Leading Market Players - DuPont de Nemours & Co., Koninklijke Ten Cate NV, Texas Instruments Inc., Google Inc., Gentherm Inc., Schoeller Textiles AG, Sensoria Inc.,

02-11-2019 05:41 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Smart Textiles Market

Smart Textiles Market

According to a new report published by Allied Market Research, titled, Smart Textile Market by Function, and by End-User Industry - Global Opportunity Analysis and Industry Forecast, 2014 2022 the global smart textile market was valued at $943 million in 2015, growing at a CAGR of 28.4% during the forecast period to reach $5,369 million by 2022. In 2015, the military & defense segment accounted for one-fourth of the total share, in terms of revenue.

Integration of smart textiles & wearables, use of nanotechnology in textiles, applications in smartphones, wearables in healthcare sector, and application in the military, defense & sports sector are the major factors that drive the smart textile market across the globe. Increasing research and development in the smart textile market along with the growing demand in emerging economies such as India and China are acting as major opportunities in the global smart textile market.

Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/2185?utm_source=OPR

North America was the highest revenue-generating region in 2015, which is expected to grow at CAGR of 27.9% during 2016 to 2022. Moreover, North America is expected to maintain its dominant position over the forecast period. Europe and Asia-Pacific are the second and third leading regions for smart textile market respectively.

The significant factors driving smart textile market growth include integration of wearables and smart textiles, increasing use of nanotechnology, and its application in smartphones & other sophisticated gadgets. The electronic components can be miniaturized and integrated with smart textiles, which help to monitor and regulate body temperature, monitor heartbeat, and protects body from outside radiations. In addition, the application of nanotechnology is extended with the production of nanofibers. The use of nanofibers in the fabric is applied widely in the smart textile industry to enhance the performance and functionality of the textile. It provides textiles with anti-bacterial, UV-protection, self-cleaning, water repellence property, maintaining the breathability, and tactile properties of the textiles.

High production cost, high toxic waste production, and lack of government policies encouraging smart textile are some factors that are expected to hinder the growth of the smart textile market while increasing research and development in the smart textile industry is acting as one of the major opportunities for the global smart textile market.

Get Customized Report @ https://www.alliedmarketresearch.com/request-for-customization/2185?utm_source=OPR

Asia-Pacific and Europe collectively contributed more than half of the share to the global smart textile market by revenue in 2015. Asian countries such as China, Japan, and India have transformed been into manufacturing hubs for smart textiles owing to low cost of labor and will be the fastest growing regional market for smart textiles.

Major players that operate in this market are DuPont de Nemours & Co., Koninklijke Ten Cate NV, Texas Instruments Inc., Google Inc., Gentherm Inc., Schoeller Textiles AG, Sensoria Inc., Textronics, Adidas, and Ohmatex.

Key Findings of the Smart Textile Market:

• North America is expected to continue to lead the market during the forecast period followed by Europe.
• Military & defense end user segment generated the highest revenue and is projected to grow with a CAGR of 27.3% during the forecast period.
• Sports & fitness is the fastest growing end user segment in smart textile market registering a CAGR of 30.4% during the forecast period.
• Latin America accounted for more than one-third share of the LAMEA smart textile market in 2015.
• The Indian market is growing at a faster rate in Asia-Pacific smart textile market, registering a CAGR of 31.8% from 2016 to 2022.
• Germany accounted for more than one-fourth of share in the European smart textile market in 2015.

Analyst Review:

Smart textiles are fabrics that are manufactured to include technologies that provide the wearer with increased functionality. Smart textile reacts to different stimuli such as mechanical, electrical, thermal, and chemical, and adapt as per the changes. Technological advancements in the textile industry such as nanotechnology, biosensors, and miniaturized electronics are bringing about a major change in the overall growth dynamics of the global smart textile market.

So far, the major sector for applications of smart textiles has been military & defense. Smart textiles are sensitive to light & temperature and help to deflect the infrared radiation, which increases the effectiveness and safety of the military forces in extreme conditions. The demand for smart textiles in sports & fitness will lead, growing at the highest CAGR during the forecast period. Smart textiles work in integration with sophisticated electronics devices such as fitness belts and watches to monitor health and body vitals in real time, which helps to improve the health and performance of individuals. Moreover, increasing global population has created the demand for improved healthcare and medical facilities that are aiming to use smart textiles for faster patient recovery.

Increasing use of nanotechnology has helped in the creation of smart textile at a microscopic level, which provides a lightweight option as against heavy batteries integrated in garments. Further research & development and advancement in nanotechnology will help to develop smart textiles with innovative features such as battery charger, global positioning systems (GPS), personal physiological status, wireless weapons, heads-up display, chemical & biological threat detectors, and others.

Asian countries such as China, Japan, and India have transformed been into manufacturing hubs for smart textiles owing to low cost of labor and will be the fastest growing regional market for smart textiles. The market for smart textile is concentrated in North America and Europe and this trend is going to ramp up the market demand coupled with innovative technologies.

Access Full Summery @ https://www.alliedmarketresearch.com/smart-textile-market?utm_source=OPR

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart Textile Market to Garner $5,369 Million - Comprehensive and Competitive Analysis of Leading Market Players - DuPont de Nemours & Co., Koninklijke Ten Cate NV, Texas Instruments Inc., Google Inc., Gentherm Inc., Schoeller Textiles AG, Sensoria Inc., here

News-ID: 1578021 • Views:

More Releases from Allied Market Research

Low-Cost Airlines Market Growing at 10.4% CAGR to Hit USD 440.46 billion by 2030 | Growth, Share Analysis, Company Profiles
Low-Cost Airlines Market Growing at 10.4% CAGR to Hit USD 440.46 billion by 2030 …
The low cost airlines market was valued at $155.02 billion in 2016, and is estimated to reach $440.46 billion by 2030, growing at a CAGR of 10.4% from 2022 to 2030. Request The Sample PDF of This Report: @ https://www.alliedmarketresearch.com/request-sample/4562 The domestic segment was the highest revenue contributor to the market, with $88,286.0 million in 2021, and is estimated to reach $310,556.3 million by 2030, with a CAGR of
Athletic Footwear Market CAGR to be at 4.2% | $165.0 Billion Industry Revenue by 2030
Athletic Footwear Market CAGR to be at 4.2% | $165.0 Billion Industry Revenue by …
The global athletic footwear market was valued at $109.7 billion in 2020, and is projected to reach $165.0 billion by 2030, growing at a CAGR of 4.2% from 2021 to 2030. The running & walking shoes segment dominated the market in 2020, in terms of revenue. Get Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/1397 Market Segmentation The athletic footwear market is segmented on the basis of type, end user, distribution
Concierge Services Market Estimated Expansion to $1.1 Billion Market Value by 2032 with a 5.8% CAGR
Concierge Services Market Estimated Expansion to $1.1 Billion Market Value by 20 …
The concierge services market was valued at $647.30 million in 2022, and is estimated to reach $1.1 billion by 2032, growing at a CAGR of 5.8% from 2023 to 2032. Request The Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/107625 Concierge service refers to a variety of services and support to help individuals or businesses navigate their daily lives or optimize their business. These services include a variety of activities including
Culinary tourism market is expected to experience a Compound Annual Growth Rate (CAGR) of 5.7% until 2034.
Culinary tourism market is expected to experience a Compound Annual Growth Rate …
Allied Market Research published a report, titled, "Culinary Tourism Market by Activity Type (Culinary Trials, Cooking Classes, Restaurants, Food Festivals, and Others), Age Group (Baby Boomers, Generation X, Generation Y, and Generation Z) and Mode of Booking (OTA, Traditional Agents, and Direct Travel): Global Opportunity Analysis and Industry Forecast, 2020-2027."According to the report, the global culinary tourism market garnered $1,116.7 billion in 2019, and is estimated to reach $1,796.5 billion

All 5 Releases


More Releases for Smart

Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT
Survey Report on Smart Kitchen Appliances Market 2018: Smart Refrigerator, Smart …
The report analyzes and presents an overview on "Global Smart Kitchen Appliances Market Professional Survey Report 2018" worldwide. This report studies Smart Kitchen Appliances in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. The study objectives of this report are: To study and forecast the market size of Smart
IoT Device Management Market Analysis by Application - Smart Manufacturing, Smar …
IoT device management comprises of multiple operating systems and several varieties of communication methods and protocols targeted at conducting smooth functioning of smart devices. The service of IoT device management has become vital for the business sector in recent years due to the rising use of remote operation in a number of industries and the subsequent need to manage the operation of the devices. The global IoT device management market is
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry. “The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to
Smart Kitchen Appliances Market : Smart Refrigerators, Smart Dishwashers, Smart …
Albany, New York, July 20, 2017 : Recent research and the current scenario as well as future market potential of "Smart Kitchen Appliances Market (Products - Smart Refrigerators, Smart Dishwashers, Smart Ovens, Smart Cookware and Cooktops, Smart Scales and Thermometers and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022" globally. Smart kitchen appliances are premium appliances that are designed for comfortable and efficient operation as