San Francisco, 11 April 2019: The Report Smart Fabrics Market Size, Share & Trends Analysis Report By Product (Active,
Very Smart), By End Use (Defense & Military, Sports & Fitness), By
Functionality (Sensing, Energy Harvesting), And Segment Forecasts, 2019 - 2025
The global smart textile market size is expected to reach USD 5.55 billion by 2025, registering a CAGR of 30.4% over the forecast period, according to a new report by Grand View Research, Inc. Global demand for smart textile is mainly driven by increasing penetration of smartphones and other high-tech or smart devices, such as iPods. Majority of new smartphones and laptops are equipped with Bluetooth Low Energy (BLE) technology. This enables the connection of sensor-based devices to the internet through mobile phones. Smart textiles can be used to communicate information of the wearer, such as physiological paramters including location, heart rate, blood pressure, and temperature.
This data can then be used in application
areas, such as healthcare and sports & fitness. Moreover, the product is
also used by those suffering from late-stage dementia as it can help refresh
their sense of self. Therefore, wide usage of internet and growth in wireless
technology are expected to have a postitive impact on the market growth.
Rapidly expanding fashion & entertainment industry across the globe is also
expected to propel the market growth in coming years. Moreover, rising product
demand from the sports & fitness sector due to increasing awareness about
leading a healthy lifestyle will contribute to the growth.
Miniaturization of electronics is expected
to significantly fuel market growth further. Industry participants are
increasingly focusing on reducing form factors to facilitate integration, to
make sensors compatible with fabric and ensure optimum comfort and wearability.
Since smart textiles are used in fields, such as healthcare and sports, it has
become increasingly important to ensure that the user is not hindered through
the use of electronic fabric. The use of conventional cables had been a major
hindrance to product adoption. With the advent of smart textiles, which
eliminate the bundled filaments of conventional cables, higher degree of
flexibility can be ensured.
Access Research Report of Smart Textile
Market @ https://www.grandviewresearch.com/industry-analysis/smart-textiles-industry
Further key findings from the study suggest:
· Global smart textile market is anticipated
to witness a substantial growth owing to increasing product demand from several
applications, such as sports & fitness
· The defense & military segment is
anticipated to account for the highest market share by 2025, while sports &
fitness segment will register the fastest CAGR over the forecast years
· North America accounted for over 47% of the
overall share in 2018, thus, leading the global market and is likely to
maintain the dominance even during the estimated period
· Key companies in the market include Adidas
AG; Ohmatex ApS; Peratech Ltd.; Infineon Technologies; Clothing+; Fibertronic
Ltd.; Weartech; and Tektronix, Inc.
· Funding and investments by government
organizations are estimated to help these firms in product development and
innovation
· Industry stakeholders include a number of
entities, such as system integrators and Original Equipment Manufacturers
(OEMs), as well as manufacturers of textiles and electronic components
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/smart-textiles
Grand View Research has
segmented the global smart textile market on the basis of product, end use,
functionality, and region:
Smart Textiles Product Outlook (Revenue,
USD Million, 2015 - 2025)
·
Passive
·
Active
·
Very Smart
Smart Textiles End Use Outlook (Revenue,
USD Million, 2015 - 2025)
·
Fashion & Entertainment
·
Sports & Fitness
·
Medical
·
Transportation
·
Protection & Military
·
Architecture
Smart Textiles Functionality Outlook
(Revenue, USD Million, 2015 - 2025)
·
Sensing
·
Energy Harvesting
·
Luminescence & Aesthetics
·
Thermoelectricity
·
Others
Smart Textiles Regional Outlook (Revenue,
USD Million, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access Press Release of
Smart Textile Market@ https://www.grandviewresearch.com/press-release/global-smart-textiles-industry
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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