Smart And Interactive Textiles Market outlook, regional growth & industry share by 2024

The global Smart And Interactive Textiles Market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers.

Smart and interactive textiles market has been gaining huge popularity among automotive giants across the globe, on account of the fact that manufacturers are now focusing on the comfort and luxury factor of passengers. The advent of IoT and connected technology are likely to influence the business trends. In addition, the ongoing research activities to innovate new products are slated to propel smart and interactive textiles industry size. According to Global Market Insights, Inc., "Worldwide smart and interactive textiles market generated a revenue of USD 2 billion in 2015 and will record an annual growth rate of more than 14% over the coming seven years."

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Based on the application, smart and interactive textiles market is mainly divided into transportation, industrial, medical & healthcare, military & defense, and retail & consumer. In 2015, transportation application segment collected a revenue of USD 750 million and will surpass a revenue collection of USD 1.5 billion by the end of 2024. Extensive use of the product for railway coaches, aircrafts, ships, and automobiles to improve their mechanical properties and aesthetic features will boost the industry growth notably. Moreover, surging requirement of lightweight materials to enhance the fuel efficiency of automobiles and aircrafts will propel the overall smart and interactive textiles industry size.

Chromic materials and wearable electronics are the primary products of smart and interactive textiles market. Wearable electronics product segment will register a flourishing annual growth rate over the coming timeframe, owing to the increasing popularity of the product among sports persons and the geriatric population susceptible to cardiac problems, given that these products help to monitor their metabolism rate and vital signs.

Geographically, North America smart and interactive textiles market generated a revenue of USD 700 million in 2015 and will exhibit notable growth over the years ahead. The U.S. dominated the regional revenue contribution in 2015. The regional governments have been investing heavily to improve the safety and performance of military equipment and apparel, which will fuel North America smart and interactive textiles market growth. In addition, escalating R&D activities across the medical sector will also impel the product demand.

Asia Pacific smart & interactive textile market will generate a significant revenue with an annual growth rate of 20% over the coming seven years. Rapid industrialization and growing expansion of the automotive sector across this region will stimulate the product demand noticeably. India, Japan, and China will be the prominent revenue contributors.

The noteworthy participants in smart and interactive textiles market are Sensoria, Inc., Toray Industries, DuPont, Koninklijke Ten Cate, Textronics, Inc., Interactive Wear AG, Milliken & Company, Outlast Technologies LLC., AiQ Smart Clothing Inc., Globe Holding Company LLC., and Schoeller Textil AG.

Report Content

Chapter 1. Methodology and Scope

1.1. Research methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Definitions & forecast parameters

1.2. Data sources

1.2.1. Secondary

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

This latest Smart And Interactive Textiles Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Smart And Interactive Textiles industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

Reasons to Buy This Report

• Global Smart And Interactive Textiles Market size & forecast by product & application.
• Growth drivers, pitfalls & industry challenges.
• Key Smart And Interactive Textiles Market growth opportunities & emerging business models.
• Competitive benchmarking with market share analysis and company profiles.

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About Global Market Insights, Inc. 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.