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Smart And Interactive Textiles Market Analysis, Application, Regional Outlook, Competitive Strategies and Forecast to 2024

Author : Rahul Varpe | Published Date : 2019-08-19 

Excellent growth prospects have been forecast for Smart And Interactive Textiles Market over the forthcoming years, essentially pertaining to the increasing demand for low weight, smart, and comfortable fabrics for better athletic performance and comfort while driving automobiles.

The rapidly changing consumer trends toward comfort and luxury, their rising disposable incomes, and the subsequently high purchase parity are key factors that are slated to augment the expansion of smart and interactive textiles industry over the coming years. As per reliable estimates, global smart and interactive textiles market is anticipated to cross a valuation of USD 6.5 billion by 2024, with a CAGR projection of 14% over 2016-2024.

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Speaking of which, smart textiles find massive applications in the retail & consumer, household, healthcare, industrial, transportation, space research, and military sectors. These fabrics provide aesthetics and safety at the same time, owing to which they are used in automobiles, railway coaches, ships, and aircrafts. Back in 2015, smart and interactive textiles market registered a revenue of more than USD 750 million from the transportations sector.

 The rising need to enhance the mechanical features of transportation vehicles and the huge demand for light weight functional components to increase the fuel efficiency will double the revenue of smart and interactive textiles industry from the transportation sector, slated to cross a valuation of USD 1.5 billion by 2024.

Speaking of which, smart textiles find massive applications in the retail & consumer, household, healthcare, industrial, transportation, space research, and military sectors. These fabrics provide aesthetics and safety at the same time, owing to which they are used in automobiles, railway coaches, ships, and aircrafts. Back in 2015, smart and interactive textiles market registered a revenue of more than USD 750 million from the transportations sector.

The rising need to enhance the mechanical features of transportation vehicles and the huge demand for light weight functional components to increase the fuel efficiency will double the revenue of smart and interactive textiles industry from the transportation sector, slated to cross a valuation of USD 1.5 billion by 2024.

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Speaking of which, smart textiles find massive applications in the retail & consumer, household, healthcare, industrial, transportation, space research, and military sectors. These fabrics provide aesthetics and safety at the same time, owing to which they are used in automobiles, railway coaches, ships, and aircrafts. Back in 2015, smart and interactive textiles market registered a revenue of more than USD 750 million from the transportations sector. The rising need to enhance the mechanical features of transportation vehicles and the huge demand for light weight functional components to increase the fuel efficiency will double the revenue of smart and interactive textiles industry from the transportation sector, slated to cross a valuation of USD 1.5 billion by 2024.

Of late, sport apparel is being embedded with sensors to monitor the metabolism rate. Global sports apparel market held a valuation of more than USD 100 billion in 2015 and will continue to grow with prominently over the years ahead, especially with rising demand for wearable electronics. Speaking along similar lines, smart and interactive textiles industry from wearable electronics will gain heavy returns by 2024, owing to their rising popularity among the tech-savvy crowd. Their easy connectivity with smart phones and tracking devices will increase their demand in the sports and military sectors, thereby augmenting the overall growth of smart and interactive textiles market.

Partial Chapter of the Table of Content:

1.2.2.     Primary

Chapter 2.  Executive Summary

2.1.  Smart and interactive textiles industry 360° synopsis, 2013 – 2024

2.1.1.     Business trends

2.1.2.     Product trends

2.1.3.     Application trends

2.1.4.     Regional trends

Chapter 3.  Smart And Interactive Textiles Industry Insights

3.1.  Industry segmentation

3.2.  Industry size and forecast, 2013 - 2024

3.3.  Industry ecosystem analysis

3.3.1.     Vendor matrix

3.3.2.     Distributor channel analysis

3.4.  Industry impact forces

3.4.1.     Growth drivers

3.4.1.1.         Rapidly developing medical and healthcare sector

3.4.1.2.         Increasing acceptance in automobile sector

3.4.1.3.         Growing sports and fitness applications

3.4.2.     Industry pitfalls & challenges

3.4.2.1.         High product manufacturing cost

3.5.  Growth potential analysis

3.6.  Regulatory trends

3.6.1.     U.S.

3.6.2.     Europe

3.6.3.     China

3.7.  Porter’s analysis

3.8.  Company market share analysis, 2015

3.8.1.     Strategic landscape

3.9.  PESTEL analysis

3.10.  Regional price trends

3.10.1.   Cost structure analysis

3.10.2.   Raw material trends

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Major players across smart and interactive textiles industry include Globe Holding Company, DuPont, Outlast Technologies, Interactive Wear, Toray Industries, EXO2, and Milliken & Company.

 

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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