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.
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.
Smart Technology in Fabrics: http://bit.ly/2arMZPg
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.
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.
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