What is Smart Textiles Market?
Smart textile is the resources that can sense and respond to the environmental or external conditions. Sensors and nanotechnology are the significant factors of the global smart textiles market. Active fabrics, passive smart fabrics and ultra-smart Fabrics are the categories of the smart textiles. The application included gadgets, smartphones, smartwatches, wristbands, wireless sensors, heart rate monitors, pedometers and motion sensors. For military and defense sector Smart textiles used in GPS trackers, helmets, wearable robots, and other equipment.
The market study is being classified by Type (Active Fabrics, Passive Smart Fabrics and Ultra-smart Fabrics) and major geographies with country level break-up.
Intelligent Clothing Ltd. (United Kingdom), Interactive Wear AG (Germany), Peratech Ltd. (United Kingdom), Adidas (Germany), Pireta Ltd (United Kingdom), KYMIRA (United Kingdom), infi-tex (United Kingdom), Sensing Tex (Spain) and Embro GmbH (Germany) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies. Research Analyst at AMA predicts that United Kingdom Vendors will contribute to the maximum growth of Europe Smart Textiles market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Europe Smart Textiles market by Type, Application and Region.
On the basis of geography, the market of Smart Textiles has been segmented into Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Rest of Europe). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Request in Sports and Fitness Sector
- Cost of Small Wireless Sensor is Low
- Increasing Demand of Good Quality Fabric
Market Trend
- Trending Devices such as Heart rate monitors, Pedometers and Motion sensors, Small Wireless Sensors
Restraints
- Slow Acceptance of Smart Textiles
- High Amount of Toxic Waste Production
Opportunities
- Increasing Demand for Healthcare Industries
- High Demand in Military GPS Tracker and Protection Equipment
Challenges
- Unified Integration of Technology into the Fabric
Key Target Audience
Manufacturers of Smart Textiles, Suppliers of Smart Textiles, Wholesalers, Distributors and Retailers of Smart Textiles, Healthcare Industry, Sports Organizations, Regulatory Bodies and Governmental Bodies