Currently, the global smart textiles for wearable technology market is expected to grow at rapid pace. The growth in this market can be acknowledged to the drivers such as growing wearable electronics market, growing popularity of smart gadgets with advanced features, and growing demand for low cost smart sensors.
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Global smart textiles for wearable technology market
1. GLOBAL SMART TEXTILES FOR WEARABLE TECHNOLOGY MARKET:TRENDS ANALYSIS AND FORECASTS UP TO 2021
Currently, the global smart textiles for wearable technol-
ogy market is expected to grow at rapid pace. The
growth in this market can be acknowledged to the driv-
ers such as growing wearable electronics market, grow-
ing popularity of smart gadgets with advanced features,
and growing demand for low cost smart sensors.
Smart textiles include conductive materials such as sil-
ver, copper, nickel. The smart fibers are manufactured
by using yarn with woven or knitted interactive materials,
which can interact with the environment or the user.
Such textiles are also referred to as e-textiles. Smart
fabric is a traditional fabric with added interactive func-
tionality such as power generation or storage, sensing,
radio frequency functioning, human interface elements
and/or assistive technology. Globally the smart textile for
wearable technology market is growing at a rapid pace,
Infinium Global Research predict the smart technology
market to grow at a CAGR more than 30% by 2021.
Globally, the smart textiles were manufactured using
woven or knitting technologies, however with the ad-
vancements in the printed electronics conductive inks
can be printed on textiles. Dupont has invented conduc-
tive inks that can be printed on the textiles and can be
used for longer period of time. Currently, the global
smart textiles for wearable technology market is ex-
pected to grow at rapid pace. The growth in this market
can be acknowledged to the drivers such as growing
wearable electronics market, growing popularity of smart
gadgets with advanced features, and growing demand
for low cost smart sensors. However, the growth in this
market is expected to be restrained by high cost of pro-
duction of smart textiles and compatibility issues. As per
the study a majority of the revenue in the global smart
textiles for wearable technology comes from its military
and safety applications followed by home and architec-
tural applications.
Among the geographies Europe dominated the market
in 2015 followed by North America. Asia Pacific region is
expected to grow at the highest CAGR over the forecast
period.
Companies Profiled:
Google Inc. E.I.
DuPont De Nemours and Co.
Milliken & Company
Intelligent Clothing Ltd.
Interactive Wear AG.
Ohmatex ApS
Outlast Technologies LLC
Texas Instruments Inc.
Schoeller Technologies AG.
Vista Medical Ltd.
Textronics, Inc.
Gentherm Incorporated
Global smart textiles for wearable technology market applications shares
Global smart textiles for wearable technology market : Regional Highlights
Global smart textiles for wearable technology market: Projection
Merger &
Acquisitions
Joint ventures
New Product
Development
Others
X.X%
X.X%
X.X%
X.X%
Global smart textiles for wearable technology market : industry developments of key participants
Healthcare
50% 100%100%
x.x%
Fashion wear
50% 100%100%
x.x%
Transportation
50% 100%100%
x.x%
Others
50% 100%100%
x,.x%
x.x
%
x.x
%
x.x
% x.x
%
North America
Latin America
Asia
Europe
2014 2021
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