Smart Textiles Market Analysis, Size, Market share, Growth, Trend and Forecast 2023
Smart Textiles Market from Qurate’s Repository provides detailed information, in-depth analysis, and forecast which is developed by a team of experts and professionals
(EMAILWIRE.COM, September 04, 2018 ) Industry Trend Analysis
In 2014, the global smart textiles market was evaluated around USD 0.72 billion and is expected to reach approximately USD 6.80 billion by 2023while registering itself at a compound annual growth rate (CAGR) of 28.41% over the forecast period. The growing popularity of advanced gadgets with diverse technologically advanced operations such as reacting and sensing to the surrounding is expected to boost the demand. The declining costs of manufacturing of fabrics and electronic components together with the electronics miniaturization are projected to fuel the market during the forecast years. Elements like sensor units, actuators, and controllers are integrated into these fabrics for appropriate performance. The smart textiles are utilized by the military professional for safety and protection purpose and by the customer as a clothing entity. The expansion was primarily driven by fitness & sports application. These products have a massive growth potential due to their applicability over several sections like automotive, entertainment, and defense which consecutively expected to drive the industry growth over the forecast years. The increase in demand can also be assigned to the advent of advanced fibers and conductive materials that are utilized to produce these fibers. Nanotechnology has assisted in the formation of these intelligent textiles at a microscopic level as well as in the army equipment & uniforms development.
Request for Free Sample@ https://www.qurateresearch.com/report/sample/RCG/QBI-CMR-RCG-54579
Product Outlook and Trend Analysis
The passive smart fabrics segment includes wearable clothes which can sense the user as well as surrounding atmosphere and account the same. This section ruled the global market during 2015 since it has less complicated functionalities and it has low cost than the other segments. The very smart textile section has the capability to adapt, react, and sense their performance to the specified conditions as well as follows the artificial intelligence principle.
Application Outlook and Trend Analysis
During the forecast period, the sports & fitness application section is projected to experience a major growth with a compound annual growth rate of 35%. Smart fabrics acquire the capability to react to stimulations produced from magnetic, thermal, mechanical, chemical, and electrical sources. With the abovementioned capabilities, it can function in incorporation with advanced electronics devices like fitness watches and belts to observe body and health vitals concurrently. These products are utilized in applications like fashion & entertainment, architecture, transportation, military & security, and medical. In 2015, usage of these fabrics in military and defense segment reported for more than 25.5% of the overall market revenue. The rising global population has produced the demand for enhanced medical and healthcare facilities which are directing the application of smart fabrics for rapid patient recovery. Also, the requirement for improvement of athletic performance is expected to impact the research & development activities in this market favorably.
Regional Outlook and Trend Analysis
North American market is anticipated to embrace a major global industry share over the projected period. This region reported over 45.5% of the global market during 2015. This can be assigned to the rising requirement for these products in the healthcare and transportation industry. The low cost of labor and raw material in Asian countries, like India, China, and Japan has changed it into a production hub for these technologies. This has contributed to the reduction in the total smart fabrics production in the European regional market. Therefore, major vendors from the Asia Pacific regional market are tapping opportunities to insert such technologically sophisticated products as an element of their product portfolio.
Competitive Outlook and Trend Analysis
Key market participants like Adidas AG, Nike Inc., and O’Neill are anticipated to hold a considerable market share due to their capabilities in performance clothing. Other major market players involve Eleksen, Auxetix, Fibretronic Limited, Exo2, Clothing+, ThermoSoft International, Peratech Ltd., and Gentherm. The market contains an extensive number of shareholders that involve system integrators, textile manufacturers, Original Equipment Manufacturers (OEM), together with R&D organizations. System integrators like Fibretronix, Interactive Wear, Ohmatex, Clothing+ and Polar are studied to be major integrators involved in the integration with textile structures, encapsulation of electronics, and industrial & electronics design.
Enquiry About Report@ https://www.qurateresearch.com/report/enquiry/RCG/QBI-CMR-RCG-54579
The global smart textiles market is segmented as follows –
By Product
Passive smart textile
Active smart textile
Very smart textile
By Application
Fashion and entertainment
Sports & fitness
Medical
Transportation
Defense and military
Architecture
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Click on the link to Buy Now@ https://www.qurateresearch.com/report/buy/RCG/QBI-CMR-RCG-54579
Some of the key questions answered by the report are:
· What was the market size in 2014 and forecast from 2014 to 2023?
· What will be the industry market growth from 2014 to 2023?
· What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
· What are the major segments leading the market growth and why?
· Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
In 2014, the global smart textiles market was evaluated around USD 0.72 billion and is expected to reach approximately USD 6.80 billion by 2023while registering itself at a compound annual growth rate (CAGR) of 28.41% over the forecast period. The growing popularity of advanced gadgets with diverse technologically advanced operations such as reacting and sensing to the surrounding is expected to boost the demand. The declining costs of manufacturing of fabrics and electronic components together with the electronics miniaturization are projected to fuel the market during the forecast years. Elements like sensor units, actuators, and controllers are integrated into these fabrics for appropriate performance. The smart textiles are utilized by the military professional for safety and protection purpose and by the customer as a clothing entity. The expansion was primarily driven by fitness & sports application. These products have a massive growth potential due to their applicability over several sections like automotive, entertainment, and defense which consecutively expected to drive the industry growth over the forecast years. The increase in demand can also be assigned to the advent of advanced fibers and conductive materials that are utilized to produce these fibers. Nanotechnology has assisted in the formation of these intelligent textiles at a microscopic level as well as in the army equipment & uniforms development.
Request for Free Sample@ https://www.qurateresearch.com/report/sample/RCG/QBI-CMR-RCG-54579
Product Outlook and Trend Analysis
The passive smart fabrics segment includes wearable clothes which can sense the user as well as surrounding atmosphere and account the same. This section ruled the global market during 2015 since it has less complicated functionalities and it has low cost than the other segments. The very smart textile section has the capability to adapt, react, and sense their performance to the specified conditions as well as follows the artificial intelligence principle.
Application Outlook and Trend Analysis
During the forecast period, the sports & fitness application section is projected to experience a major growth with a compound annual growth rate of 35%. Smart fabrics acquire the capability to react to stimulations produced from magnetic, thermal, mechanical, chemical, and electrical sources. With the abovementioned capabilities, it can function in incorporation with advanced electronics devices like fitness watches and belts to observe body and health vitals concurrently. These products are utilized in applications like fashion & entertainment, architecture, transportation, military & security, and medical. In 2015, usage of these fabrics in military and defense segment reported for more than 25.5% of the overall market revenue. The rising global population has produced the demand for enhanced medical and healthcare facilities which are directing the application of smart fabrics for rapid patient recovery. Also, the requirement for improvement of athletic performance is expected to impact the research & development activities in this market favorably.
Regional Outlook and Trend Analysis
North American market is anticipated to embrace a major global industry share over the projected period. This region reported over 45.5% of the global market during 2015. This can be assigned to the rising requirement for these products in the healthcare and transportation industry. The low cost of labor and raw material in Asian countries, like India, China, and Japan has changed it into a production hub for these technologies. This has contributed to the reduction in the total smart fabrics production in the European regional market. Therefore, major vendors from the Asia Pacific regional market are tapping opportunities to insert such technologically sophisticated products as an element of their product portfolio.
Competitive Outlook and Trend Analysis
Key market participants like Adidas AG, Nike Inc., and O’Neill are anticipated to hold a considerable market share due to their capabilities in performance clothing. Other major market players involve Eleksen, Auxetix, Fibretronic Limited, Exo2, Clothing+, ThermoSoft International, Peratech Ltd., and Gentherm. The market contains an extensive number of shareholders that involve system integrators, textile manufacturers, Original Equipment Manufacturers (OEM), together with R&D organizations. System integrators like Fibretronix, Interactive Wear, Ohmatex, Clothing+ and Polar are studied to be major integrators involved in the integration with textile structures, encapsulation of electronics, and industrial & electronics design.
Enquiry About Report@ https://www.qurateresearch.com/report/enquiry/RCG/QBI-CMR-RCG-54579
The global smart textiles market is segmented as follows –
By Product
Passive smart textile
Active smart textile
Very smart textile
By Application
Fashion and entertainment
Sports & fitness
Medical
Transportation
Defense and military
Architecture
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Click on the link to Buy Now@ https://www.qurateresearch.com/report/buy/RCG/QBI-CMR-RCG-54579
Some of the key questions answered by the report are:
· What was the market size in 2014 and forecast from 2014 to 2023?
· What will be the industry market growth from 2014 to 2023?
· What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
· What are the major segments leading the market growth and why?
· Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Contact Information:
Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results