ALBANY, New York, March 20, 2017 – MarketResearchReports.biz has announced the addition of a new report to its repository, titled “Global Smart Textiles Market 2016–2020.” The report is a comprehensive analysis of all the factors that may impact the demand for smart textiles in the near future, and estimates the scenario of the market until 2020. The report has been prepared to act as a credible document for the audiences such as companies in the smart textiles market, analysts and strategic business planners, technology standards organizations and forums, research organizations, and end users who need in-depth knowledge pertaining to the technological advancements in the smart textiles market.
Since textiles can be transformed into any shape, they are compatible to be integrated with electronic components such as sensors that help in health monitoring, illumination, communication, and heat management. This advancement is poised to revolutionize the products and yield technical textiles or interactive textiles. According to the demand, the factors that will positive influence the demand for smart textiles during the forecast period are: accelerating demand from sports sector, growing adoptability of smart textiles in the healthcare industry for quick response, and miniaturization of electronic components. Conversely, high production cost of smart textiles, which in turn increases the eventual cost to consumers, is the primary factor that is hindering the market from attaining its true potential. Constraints in integrating electronic component into textiles will also negatively impacting the market’s growth rate. Increase in incorporation of Bluetooth low energy (BLE) technology and growing use of nanotechnology are two trends highlighted by the report that must be noted by the existing players in order to gain ground over their competitors.
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The report segments the global smart textile market into passive smart, active smart, and ultra-smart in terms of type, while by end user, the market has been categorized into military and protection, architecture, sports and fitness, transportation, fashion and entertainment, and medical. Out of these, sports and fitness segment is currently most lucrative, with high demand for smart shirt that report heart rates by tracking physical activities. Geographically, the report studies the opportunities in the regions of North America, Asia Pacific, Europe, and rest of the world.
To provide a thorough analysis of the competitive landscape of the global smart textiles market, the report has dedicates chapters on competitive scenario, concentration of the global consumer base, competitive advantages of a few key players, and the buying criteria of the consumers. Porter’s five forces analysis has been included in the report. Some of leading players profiled in the report are Ohmatex, Interactive Wear, Clothing+, Sensoria, and Intelligent Clothing, while other prominent players in the global smart textiles market are International Fashion Machine, Schoeller Textil, Infineon Technologies, and Texas Instruments.
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