Press release
Smart Textile Market Driven By Health Applications
The market has been segmented on the basis of functions including energy harvesting, sensing, thermo electricity, luminescent and others. These segments have also been estimated based on geography in terms of revenue (USD million).
The study includes market attractiveness analysis, where the applications are benchmarked based on growth rate, market scope, and general attractiveness. The report includes company market share analysis of various industry participants.
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The market is hindered due to high cost of production in smart textile market. The cost coupled with electronic devices and components further increase the price of these textiles.
Due to high and excessive cost it has not scattered the market at this stage. Another major challenge faced by this industry is the incompatibility between the smart textile and electronic industry, as they have not worked strongly.
Due to this factor it led to incompatible manufacturing practice between smart textile and electronics industries. More collaboration is required significantly to make some smart textile technology effective in the global market.
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