Smart Textile Market Deep Research Report Analysis, Public Demand, Forecast and Outlook by 2023
Smart textiles are those textiles which are embedded with electronic components that are interconnected with each other. The interconnections and components are embedded to the fabric, thus making it less visible and vulnerable of getting effected by surrounding objects or radio frequency wavelengths. 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.
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The smart textile is primarily driven by the increasing demand of wearable technology globally. The wearable technologies include electronic devices or circuits that are easy to wear. Moreover, smart textile includes garments incorporating smart phones and music players. Smart textile also includes different sensors like heart rate sensors, accelerometers and many more. The market is also fuelled by the rising demand of nanotechnology. Use of nanotechnology has shown tremendous growth in the smart textile industries because of its valuable and unique properties. This technology helps the textiles to become multifunctional and also helps in embedding electronic components in to the textile. Moreover, nano technology helps in producing 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.
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The smart textiles market in this report is geographically segmented into four regions: North America, Europe, Asia-Pacific and Rest of the World. The market is segmented based on function which includes energy harvesting, sensing, thermoelectricity, luminescent and others. Moreover, the smart textile market is segmented based on its applications including health care, military and defense, entertainment, automotive, sports and fitness and others. The military and defense sectors had the highest market share of 28.7% in 2014. The North America smart textile market held the largest market share of 40.1% in 2014 and is growing at a CAGR of 30.3% during the forecast period.
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Major industry participants include. 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.
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