Global Smart Textiles Market - Expected to Rise at a CAGR of 34% During 2016-2023
DUBLIN, Dec. 27, 2017 /PRNewswire/ --
The "Global Smart Textiles Market Research Report Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report has been added to Research and Markets' offering.
Smart textiles are electronic wearable that have the ability to monitor physical signals of the patient. The global smart textiles market is expected to rise at a CAGR of about 34% during the forecast period 2016-2023. Evolution of low-cost smart wireless sensor networks in wearable is fueling development in the global smart textiles market during the forecast period. However, lack of exhaustive standards and regulations and high cost associated with the electronic wearable technology are the factors that restrain the growth of the global smart textiles market during the forecast period.
Geographically, North America accounted for the largest market share in terms of revenue for the smart textiles market in 2016 followed by Europe. North America is expected to dominate the smart textiles market during the forecast period due to rising demand for smart textiles across the region. Asia Pacific is expected to be the fastest growing region for the smart textiles market during the forecast period due to rising demand for smart textiles and wearable electronics from developing countries of Asia Pacific.
Global smart textiles market report covers segmentation analysis of functions, type and end users. Report further covers segments of functions which include energy harvesting, luminescence & aesthetics, sensing, thermo electricity and other functions. Sensing held the largest market revenue share in 2016 for the global smart textiles market and it is expected to dominate the market during the forecast period due to its sensing ability which is the most essential characteristics of the smart textile product. It finds applications in sectors such as medical, sports, military etc. Types of smart textiles have been divided as active smart, passive smart and ultra smart.
Furthermore, end users adopting smart textiles include architecture, automotive, fashion and entertainment, healthcare, military and protection, sports and fitness and other end users. Sports and fitness held the largest market revenue share in 2016 for the global smart textiles market and it is expected to dominate the market during the forecast period due to increasing demand for smart textiles and electronic wearable in sports and fitness sector.
Key Topics Covered:
1. Introduction
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Competitive Landscape
6. Geographical Analysis
7. Company Profiles
Companies Mentioned
- Clothing Plus Ltd. (Finland)
- Du Pont De Nemours And Company (U.S.)
- Gentherm Incorporated (U.S.)
- Google Inc. (U.S.)
- Intelligent Clothing Ltd. (U.K.)
- Interactive Wear Ag (Germany)
- International Fashion Machines, Inc. (U.S.)
- Ohmatex (Denmark)
- Outlast Technologies Llc (U.S.)
- Peratech Ltd. (U.K.)
- Schoeller Textiles Ag (Switzerland)
- Sensoria Inc. (U.S.)
- Textronics, Inc. (U.S.)
- Thermosoft International, (U.S.)
- Vista Medical Ltd. (Canada)
For more information about this report visit https://www.researchandmarkets.com/research/xgrf2l/global_smart
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