Global Smart Textile Market 2021 – Huge Market Growth Till 2029: AIQ Smart Clothing Inc., Koninklijke Ten Cate bv, Texas Instruments Incorporated etc.

The final Report will add the analysis of the impact of COVID-19 on this industry

Advancement in smart textile material has significantly revolutionized the textile industry, enabling them to penetrate the field of high-tech applications and cover markets beyond the scope of the traditional textile industry. Smart textiles are fabrics integrated with computing power that provides additional functionalities, such as monitoring, communication, and stimulation. The growth of the wearable electronics market, debouching trends of miniaturization in modern electronics, and increasing demand for smart devices drive the market growth. Additionally, the advent of nanotechnology, RFID, and sensor technology in textile provide an impetus to the market growth. However, the high cost associated with these textiles might hinder the market growth.

The advent of nanotechnology and RFID technology offers lucrative growth opportunities to the players in the smart textile markets to expand their product portfolio. The RFID tags and sensors are largely used in shirts, reinforced textile with nanomaterials, power generating shirts, and intelligent band-aids, further driving the market growth. Similarly, the Bluetooth low energy (BLE) technology aids in building wireless connections across various electronic devices, allowing them to send monitored information of the body to the smart devices.

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The Major Players Covered in this Report: AIQ Smart Clothing Inc., Koninklijke Ten Cate bv, Texas Instruments Incorporated, SchoellerTextil AG, Clothing Plus Ltd., Du Pont De Nemours, Inc., Gentherm Incorporated, Google Inc., Textronics Design System Pvt.ltd, Interactive Wear AG, Outlast Technologies LLC, Sensoria, Inc., ThermoSoft International Corporation, Nike, Inc., Wearable Technologies Ltd, Peratech Holdco Limited, & More...

By Type, Passive textiles, Active textiles, Ultra smart textiles
By Function, Sensing, Energy harvesting, Luminescence & aesthetics, Thermo-electricity
By End-User, Healthcare, Military & defense, Sports & fitness, Fashion and entertainment, Automotive, Architecture,

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Smart Textile in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Smart Textile market during the forecast period 2021-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Smart Textile and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Smart Textile. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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The report covers exhaustive analysis on:
Overview of the parent market
Global Smart Textile Market Segments, Dynamics, Market Size, Share, Price, Volume, and Cost
Historical, current and projected market size in terms of volume and value
Global Smart Textile Market Forecast 2021 to 2029
Supply & Demand Value Chain
Global Smart Textile Market dynamics, including the current trends/drivers/threats/restraints/challenges
Potential and niche segments/regions exhibiting promising growth
Market landscape, competition, and leading companies involved
Strategies of leading companies and product offerings
Technological advancements

Key questions answered in this report:
What will be the market size by the end of the forecast period?
What are the factors driving the growth of the market?
What are the trends and developments that are likely to drive the growth of the market?
Who are the key players operating in the market?
What are the challenges, threats, and opportunities faced by the leading players?
What are the strengths and weaknesses of the key players of the market?

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