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Smart And Interactive Textiles Market is Expected to Gain Huge Growth from Healthcare and Automotive sector; Toray Industries, DuPont, Sensoria, Inc, Koninklijke Ten Cate, Textronics, Inc are leading players

Author : Rahul Varpe | Published Date : 2019-04-11 

Global Market Insights provides a detailed overview of Smart And Interactive Textiles market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Smart And Interactive Textiles market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

The smart and interactive textiles market growth will be attributed to the developments in the healthcare and automotive sector, in the coming years. The market is projected to exceed USD 6.5 billion according to this new research report.

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Continuous developments in disease prevention and treatment procedures have inspired doctors for using textiles equipped with sensor for superior results in the recent years. Smart fabrics are gaining popularity in applications such as wound dressing with bandages, pH sensors, hospital beds, gowns as well as bio-monitoring of neural, cardiovascular, respiratory and muscular activities. This portrays brighter growth aspects for the product demand in the forecast period.

The telehealth devices and services industry is likely to observe exponential growth with the CAGR over 50% in the coming years, driving the product market demand. Many developed economies have instigated telemonitoring programs with smart textiles particularly for cardiac patients to reduce the hospital readmission costs by consistent recording and monitoring the data using the clothing equipped with sensor.

Smart And Interactive Textiles Market players are:

  • Toray Industries
  • DuPont
  • Sensoria Inc
  • Koninklijke Ten Cate
  • Textronics Inc
  • Globe Holding Company
  • Interactive Wear
  • Milliken & Company
  • Indorama Ventures
  • Schoeller Textil
  • D3O Lab
  • Outlast Technologies
  • EXO2
  • AiQ Smart Clothing Inc.

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Chromic materials segment is expected to boost the smart and interactive textiles market growth with their increasing popularity in the developed economies in the forecast period. Their unique capabilities to react to exterior stimuli like electricity, heat, light, pressure, as well as the absence or presence of certain gas and liquid media, will be the drivers to the product popularity by 2014.

Medical & healthcare segment will generate a revenue nearly USD 450 million in forecast timespan. Increasing product acceptance for manufacturing self-cleaning gowns, smart hospital beds and smart dressings will be the major growth drivers for the product by 2024.

Europe is expected to hold a share over one fifth of the smart and interactive textiles market by 2024, owing to the sluggish regional market growth. It is attributed to rapid advances in the application sectors in Asia Pacific and North America regions. Mounting military expenditures, mainly in the U.S., North Korea, and China will propel the growth in the forecast timeframe. Also, the tech-savvy populace of China, South Korea and Japan will further fuel the Asia Pacific product market growth.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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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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