MarketResearchReports.Biz
presents this most up-to-date research on "
Smart Textile Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2015 - 2023"
Smart
textile is embedded with electronic components which are
interconnected with each other, thereby offering particular size and
flexibility. The smart textile consists of components like sensors,
actuators, control unit and many more. The smart textile is used for
different application which includes health management, health
monitoring, communication and actuation and response. These textiles
are used in areas such as sports and fitness, automotive, military
and defense, health care, entertainment and many others. The smart
textile also helps in regulating body temperature, helps in
controlling muscle vibrations and also helps to resist wind. These
textiles also protect for environmental hazards such as radiations.
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Report at :http://www.marketresearchreports.biz/analysis/556734
The
market is primarily driven by the increasing usage of nanotechnology
in these fabrics. It produces fabrics with special functionality
including UV protection, water and stain resistant, anti bacterial
and many more. This nanotechnology includes nanoelectronics, nano
materials and nano biotechnology. Where in combination of
nanotechnology the engineering of fabrics is done at a molecular
scale. It helps in modifying the fabrics to much more desirable
properties than original fabrics. The market is also driven by the
rising demand of wearable technology. This is one of the most
important factors driving the market at a global level. Due to
miniaturization of electronic components it has been possible to
integrate the electronic components in textiles, making them as a
part of wearable.
The
market is hindered due to high cost of production in smart textile
market. The cost coupled with electronic devices and components
further increase the price of these textiles. Due to high and
excessive cost it has not scattered the market at this stage. Another
major challenge faced by this industry is the incompatibility between
the smart textile and electronic industry, as they have not worked
strongly. Due to this factor it led to incompatible manufacturing
practice between smart textile and electronics industries. More
collaboration is required significantly to make some smart textile
technology effective in the global market.
Increasing
number of research and development in recent years is acting as one
of the major opportunities in the global smart textile market. With
the increasing research and development in smart textile, new
innovative products are expected to be developed that are likely to
create growth opportunities of this market. It also helps the
existing technology to be improvised and necessary advancement is
likely to be done.
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The
analysis of smart textile market is done on a global level and
provides forecast in terms of revenue (USD million) from 2015 to
2023. It identifies the restraints and drivers affecting the industry
and analyzes their impact during the estimated period. Further, it
recognizes the key opportunities for market growth in the next few
years.
The
smart textile market report is geographically segmented into North
America, Europe, Asia-Pacific, and RoW (Rest of the World). These
segments are predicted in terms of revenue (USD). The market has been
segmented on the basis of functions including energy harvesting,
sensing, thermo electricity, luminescent and others. These segments
have also been estimated based on geography in terms of revenue (USD
million).
The
study includes market attractiveness analysis, where the applications
are benchmarked based on growth rate, market scope, and general
attractiveness. The report includes company market share analysis of
various industry participants.
The
key players have also been profiled based on the basis of company
overview, business strategies, financial overview, and recent
developments. Major market players in this market are Globe
Manufacturing Company, LLC (U.S), E.I. DuPont De Nemours and Co.
(U.S), Milliken & Company (U.S), Ohmatex ApS (Denmark), Outlast
Technologies LLC (U.S), Texas Instruments Inc (U.S), Koninklijke Ten
Cate nv (The Netherland), Schoeller Technologies AG (Switzerland),
Gentherm Inc (U.S), Noble Biomaterials Inc. (U.S) among others.
The
smart textile market has been segmented as:
Global
Smart Textile Market: By Function
- Energy harvesting
- Sensing
- Thermo electricity
- Luminescent
- Others
Global
Smart Textile Market: By Application
- Health Care
- Military and defense
- Entertainment
- Automotive
- Sports and fitness
Global
Smart Textile Market, by Geography:
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Italy
- Spain
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