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Smart and interactive textiles market Expected To Grow At A Highest CAGR Over The Forecast Timeframe

Author : Rahul Varpe | Published Date : 2019-06-24 

High product manufacturing cost and market retain price in comparison to conventional fabrics may pose a threat to smart and interactive textiles market growth in the forecast spell. The product is highly technology oriented with incorporation of specialized sensors and actuators to deliver its desired applicability. Product manufacturing required a collaboration between electronics, ICT, and textile sectors. Special treatment of fabric is required with materials such as silver nanocomposites, ceramics, etc. in order to inculcate the smart characteristics of the fiber, which increases the overall production cost, hampering the smart and interactive textiles market prospects.

According to a new research report by Global Market Insights, Inc. Smart And Interactive Textiles Market size will surpass USD 6.5 billion by 2024.

Request for a sample copy of this report @  https://www.gminsights.com/request-sample/detail/1432   

Advancements in the healthcare sector will be a significant driving factor for the global smart and interactive textiles market growth in the forecast years. Smart fabrics are slowly being used in wound dressing with pH sensors, bandages, gowns, hospital beds along with bio-monitoring of cardiovascular, neural, muscular, and respiratory activities. Continuous developments in treatment and disease prevention procedures encourage doctors to use sensor equipped textiles for better results.

 Global telehealth devices and services market will witness an exponential growth with CAGR above 50% in the next few years, propelling the smart and interactive textiles market demand. Several developed economies have implemented telemonitoring programs with smart textiles for cardiac patients in order to reduce the hospital readmission cost by continuously monitoring and recording the data through their sensor equipped clothing.

Smart and interactive textiles market has been mainly segmented into chromic materials, wearable electronics, and others such as anti-microbial textiles, self-cleaning textiles, geotextiles, etc. on the basis of product types. Wearable electronics are popular among the tech-savvy and sports enthusiast population and will flourish at a significant rate in the coming years.
 
Chromic materials are designed to react to external stimuli such as heat, pressure, light, electricity, or even the presence or absence of certain liquid and gas media. This segment will likely augment the smart and interactive textiles market growth with its growing popularity among the households of the developed nations.

Browse Complete Summary of this report @ https://www.gminsights.com/industry-analysis/smart-and-interactive-textiles-market
 
Smart and interactive textiles market applications include transportation, medical & healthcare, industrial, military & defense, retail & consumer, and others such as space activities, household applications, etc. Extensive product application in aircrafts, automobiles, ships, rail coaches, etc. to develop the aesthetic and safety characteristics makes transportation sector a significant application segment with a market revenue forecast at more than USD 1.5 billion in the year of 2024.

Europe will account for more than a fifth of the global smart and interactive textiles market in 2024 on the account of a sluggish growth owing to the rapid developments in the application sectors in the regions of North America and Asia Pacific. Growing military expenditures, particularly in the U.S., China, and North Korea, will boost the growth in these regions in the forecast spell. The tech-savvy population of China, Japan, and South Korea will further propel the Asia Pacific smart and interactive textiles market growth.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1432

Notable smart and interactive textiles market players include DuPont, Toray Industries, Koninklijke Ten Cate, Sensoria, Inc, Textronics, Inc, Interactive Wear, Globe Holding Company, Milliken & Company, Schoeller Textil, Indorama Ventures, Outlast Technologies, AiQ Smart Clothing Inc, EXO2, and D3O Lab.


 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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