Press release
Smart and Interactive Textiles Market revenue to triple by 2024, Asia Pacific to be a key revenue contributor
Smart and Interactive Textiles market is forecast to witness a prominent growth subject to the product’s widespread applications in retail & consumer, sports, industrial, transportation, medical, and military & defense sectors. Specialty textiles help regulate the body temperature of sports persons who undergo rigorous training activities on a daily basis, and thus help in elevating the performance of the athletes, owing to which smart and interactive textiles market from sports applications will witness a rapid surge over the next few years.
Request for sample of this report@
www.gminsights.com/request-sample/detail/1432
Transportation applications, which contributed to a revenue of more than USD 750 million in 2015, is likely to amass a share of over USD 1.5 billion by 2024. Escalated use of lightweight and comfortable fabrics in railway coaches, vehicles, ships, and aircrafts is expected to influence the revenue. Rise in the sales of personal cars will also generate heavy demand for the product across the transportation sector, thereby stimulating smart and interactive textiles market.
Smart and interactive textiles market revenue from medical & healthcare applications is projected to hit USD 450 million by 2024. Rising preference for smart clothing for hospital beds, bandages, and gowns along with the increasing use of sensor equipped fabrics by doctors will spur the growth of smart and interactive textiles industry. Most of the developed countries have introduced telehealth monitoring programs with sensor equipped smart clothing for heart patients to restrict hospital readmission charges, thereby propelling smart and interactive textiles market.
Rising concerns regarding employee safety along with the product’s ability to adjust to ambient weather conditions will spur smart and interactive textiles industry size from industrial applications. High rate of industrialization in the Asia Pacific region coupled with strict implementation of legislations by the government for increasing the safety of the workers working in mine fields will result in the expansion of regional smart and interactive textiles market.
Browse Source Report@
https://www.gminsights.com/industry-analysis/smart-and-interactive-textiles-market
North America smart and interactive textiles industry size, which was estimated at USD 700 million in 2015, is foreseen to experience a massive growth in the future. U.S. smart and interactive textiles market is expected to drive the regional revenue, owing to high fund allocations for the purchase of apparels & military equipment along with extensive financing for medical research activities.
Asia Pacific smart and interactive textiles market size is anticipated to grow at an annual rate of 20% during the period of 2016 to 2024. The growth can be credited to the rise in the industrial establishments in the region coupled with an increase in the automobile sales of emerging regions such as China, India, South Korea, and Japan.
Chromic materials and wearable electronics are the key products of smart and interactive textiles. As per surveys, most of the tech-savvy population and sports fans prefer wearable electronics due to their effective device connectivity features. Integration of the product with actuators and sensors helps in the measurement of the body metabolism of army personnel, motorcycle racers, and sportspersons. Wearable electronics, which dominated the product landscape in 2015, are expected to make significant contributions towards smart and interactive textiles market share over the years ahead.
Make an inquiry to purchase this report@
www.gminsights.com/inquiry-before-buying/1432
Chromic materials are forecast to contribute notably towards smart and interactive textiles industry size over the next few years, owing to high product demand across the developed economies. The product’s ability to change colors to counter the hazardous effects of the exterior stimuli such as liquid media, pressure, gas media, power supply, heat, and light will further boost the revenue.
Smart and interactive textiles industry is extremely fragmented with top five manufacturers contributing to less than 20% of the overall revenue in 2015. Market players are trying to focus extensively on product development and R&D activities to improve their product portfolio as well as industry position.
Schoeller Textil AG, AiQ Smart Clothing Incorporation, Indorama Ventures Public Company Limited, Koninklijke Ten Cate NV Company, Toray Industries Incorporation, Globe Holding Company LLC, E. I. du Pont de Nemours and Company, Sensoria Incorporation, Milliken & Company, Outlast Technologies LLC, Textronics Incorporation, and Interactive Wear AG are the major participants of smart and interactive textiles industry.
About Global Market Insights, Inc.:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.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 and Interactive Textiles Market revenue to triple by 2024, Asia Pacific to be a key revenue contributor here
News-ID: 715185 • Views: …
More Releases from Global Market Insights
Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers.
Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several…
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies.
Meanwhile, yet other company, Boston Metal has declared having raised over USD 20…
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against…
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses.
Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet…
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…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
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…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
