Currently, the global smart textiles for wearable technology market is expected to grow at rapid pace. The growth in this market can be acknowledged to the drivers such as growing wearable electronics market, growing popularity of smart gadgets with advanced features, and growing demand for low cost smart sensors.
Smart textiles include conductive materials such as silver, copper, nickel. The smart fibers are manufactured by using yarn with woven or knitted interactive materials, which can interact with the environment or the user. Such textiles are also referred to as e-textiles. Smart fabric is a traditional fabric with added interactive functionality such as power generation or storage, sensing, radio frequency functioning, human interface elements and/or assistive technology. Globally the smart textile for wearable technology market is growing at a rapid pace, Infinium Global Research predict the smart technology market to grow at a CAGR more than 30% by 2021.
Globally, the smart textiles were manufactured using woven or knitting technologies, however with the advancements in the printed electronics conductive inks can be printed on textiles. Dupont has invented conductive inks that can be printed on the textiles and can be used for longer period of time. Currently, the global smart textiles for wearable technology market is expected to grow at rapid pace. The growth in this market can be acknowledged to the drivers such as growing wearable electronics market, growing popularity of smart gadgets with advanced features, and growing demand for low cost smart sensors. However, the growth in this market is expected to be restrained by high cost of production of smart textiles and compatibility issues. As per the study a majority of the revenue in the global smart textiles for wearable technology comes from its military and safety applications followed by home and architectural applications.
Geographic Coverage and Analysis:
Among the geographies Europe dominated the market in 2015 followed by North America. Asia Pacific region is expected to grow at the highest CAGR over the forecast period.
The report covers the analysis of global as well as regional markets of smart textiles for wearable technology market. Moreover the report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of smart textiles for wearable technology globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of smart textiles for wearable technology.
Moreover, the study highlights current market trends and provides forecast from 2016 to 2021. We also have highlighted future trends in the smart textiles for wearable technology that will impact the demand during the forecast period. The IGR-Growth Matrix analysis provided in this report highlights key investing markets in the world. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players.
Additionally, the company share analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.
- Google Inc. E.I.
- DuPont De Nemours and Co.
- Milliken & Company
- Intelligent Clothing Ltd.
- Interactive Wear AG.
- Ohmatex ApS
- Outlast Technologies LLC
- Texas Instruments Inc.
- Schoeller Technologies AG.
- Vista Medical Ltd.
- Textronics, Inc.
- Gentherm Incorporated.
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