Albany, NY -- (SBWire) -- 10/10/2016 --Textiles can be conformed to any shape; hence, they can be easily integrated with electronic components to produce revolutionary products and meet the ongoing demand for better-equipped materials. Smart textiles, also known as technical textiles or interactive textiles, are integrated with electronic components like sensors for application in health monitoring, heat management, illumination, sensing, communication, and other related uses.
The global smart textiles market to grow at a CAGR of 24.6% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global smart textiles market for 2016-2020. To calculate the market size, the report considers the sales of smart textiles to end-users such military and protection, architecture, sports and fitness, transportation, fashion and entertainment, and medical industries.
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Technavio's report, Global Smart Textiles Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Clothing+
- Interactive Wear
- Intelligent Clothing
- Ohmatex
- Sensoria
Other prominent vendors
- Infineon Technologies
- Texas Instruments
- Schoeller Textil
- International Fashion Machine
Market driver
- Growing demand from the healthcare sector
- For a full, detailed list, view our report
Market challenge
- Constraints in integrating electronic components into textiles
- For a full, detailed list, view our report
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Key questions answered in this report:-
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Global Smart Textiles Market Will Grow at a CAGR of 24.6% During Forecast Period 2016-2020, Expert Says
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