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Smart and Interactive Textiles Market Expected to Witness a CAGR of 14.0 % through 2014-2020
A new report has been published by Transparency Market Research on the global smart and interactive textiles market. As per the report, the global smart and interactive textiles market is expected to expand at a 14.0% CAGR from the period between 2014 and 2020. The report, titled ‘Smart and Interactive Textiles Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020’, states that the global smart and interactive textiles market is expected to progress from US$1.5 bn in 2013 to US$3.8 bn by 2020.Request For Report Sample@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=500
Smart and interactive textiles are fabric products possessing the ability to sense and react to a specific environment or stimuli such as heat or light. Smart and interactive textiles, also known as smart fabrics or smart textiles, provide additional applicability and functionality as compared to traditional ones. Smart textiles can also be used in protection, monitoring, medical, and entertainment applications and can be used in the technical textiles industry and fashion and clothing segments.
Request For Report Table of Content (TOC): https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=500
The global smart and interactive textiles market is segmented on the basis of application and region. Based on application, the global smart and interactive textiles market is classified into industrial, medical and healthcare, military and defense, transportation, retail and consumer, and others. In 2013, the global smart and interactive textiles market was led by the transportation segment. The transportation segment accounted for over 38% of the total market. New applications including heating of seats, measuring heart rate, steering wheel functioning, and smart seat belts hold huge potential in the auto industry. The industrial application segment is expected to expand at a 17.30% CAGR during the period from 2014 to 2020 due to an increase in industrial activities.
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Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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