According to a market report by Lucintel, the future of the smart textile market looks promising with opportunities in the health care, military and defense, entertainment, automotive, sports and fitness industries. The smart textile market is expected to grow with a CAGR of 33% from 2019 to 2024. The major drivers for this market are growth in the wearable electronics market, miniaturization of electronic component, and growing demand for low cost smart wireless sensor network.
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In this market, various textile type, such as passive, active, and ultra smart textile are used in various end use industry. Within the smart textile market, fashion and entertainment, sports and fitness, medical, transportation, protection and military, and architecture are the major end use industries. Defense and military is the largest segment for smart textiles.
Sensing, energy harvesting, luminescence and aesthetics, and thermoelectricity are the major function types of the smart textile market.
North America will remain the largest region over the forecast period.
Textronics, E.I. DuPont De Nemours, Milliken, Ohmatex, Outlast Technologies, Texas Instruments, Koninklijke Ten Cate, Schoeller Technologies, Gentherm, Noble Biomaterials, and Adidas AG are among the major manufacturers of smart textiles.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the smart textile market on the basis of textile type end use industry, functionality, and region. Lucintel has prepared a comprehensive research report entitled "Growth Opportunities Smart Textiles Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the smart textile market on the basis of textile type, end use industry, functionality, and region as follows :
By Textile Type [$M shipment analysis for 2013 – 2024]:
Active Smart
Passive Smart
Ultra-Smart
By Function [$M shipment analysis for 2013 – 2024]:
Energy harvesting
Sensing
Thermoelectricity
Luminescent
By End Use Industry [$M shipment analysis for 2013 – 2024]:
Health care
Military and defense
Entertainment
Automotive
Sports and fitness
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/smart-textile-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.