The top four players in the global smart textile market, namely E.I. DuPont De Nemours and Co., Koninklijke Ten Cate nv, Gentherm Inc., and Texas Instruments Inc., accounted for nearly 46% of the overall market in 2014. Despite commanding a dominant share of over 20% in the overall market
The rising popularity of textiles embedded with wearable technology elements such as sensors or other varieties of electronic devices or circuits has granted significant momentum to the overall development of the global smart textiles market in the past few years. Smart textiles embedded with wearable devices such as heart rate sensors hold immense promise of bringing about a major transformation in the way personal health is monitored.
The integration of nanotechnology principles in the textile industry also holds tremendous growth promise for the smart textile market. Enabling the production of effective smart textiles with special functionalities such as advanced UV protection, antibacterial properties, and water and strain resistance, developments in nanotechnology are expected to have a key influence on the overall development of smart textiles in the years to come.
On a regional front, North America and Europe are presently the leading and most promising segments for the global smart textiles market. In 2014, North America accounted for a 40% share and Europe accounted for a 30% share in the global market.
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