Smart Textile Market Scope
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. IT companies are working with textiles for generating e-textiles. Also, athletes cloths having biosensors, which will help to upsurge growth in the global smart textiles market.
According to AMA, the Global Smart Textile market is expected to see growth rate of 28.0%
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Smart Textile market throughout the predicted period.
DuPont de Nemours & Co.(United States), Gentherm Incorporated (United States), Sensoria Inc. (United States), International Fashion Machines, Inc. (United States), Koninklijke Ten Cate NV (Netherland), Textronics, Inc. (United States), Intelligent Clothing Ltd. (United.Kingdom.), Interactive Wear AG (Germany), Schoeller Textiles AG (Switzerland) and Vista Medical Ltd. (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Adidas (Germany), Clothing+ (United States), Nike (United States), Peratech Ltd. (United Kingdom) and AIQ Smart Clothing Inc (Taiwan).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Smart Textile market by Type (Active Fabrics, Passive Smart Fabrics and Ultra-smart Fabrics) and Region with country level break-up.
On the basis of geography, the market of Smart Textile has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 22 March 2018, NIKE Inc. has acquired Zodiac for quickening Nike’s digital transformation, improving data and analytics abilities.
On 4th December 2017, Twinery MAS had inaugurated Nova with on-demand illumination. It is the first essential running jacket designs for racers and outdoor enthusiasts. and On 26th September 2017, Google and Levi Strauss are collaborated to make a “smart jacket”. This jacket branded as “Levi’s Commuter Trucker Jacket with Jacquard by Google” of price 350 dollars.
Market Trend
- Trending Devices such as Heart rate monitors, Pedometers and Motion sensors, Small Wireless Sensors
Market Drivers
- Rising Request in Sports and Fitness Sector
- Cost of Small Wireless Sensor is Low
- Upsurging Demand of Great Quality Fabric
Opportunities
- Rising Demand in Developing Nations
- Observation and Analysis in healthcare Industries
- High Demand in Military GPS Tracker, Protection Equipment's
Restraints
- Slow Acceptance of Smart Textiles
- Strong Race
- High Amount of Toxic Waste Production
Challenges
- Confirming Consumer Friendliness and the unified integration of technology into the fabric
Key Target Audience
Research Organizations, Smart Textiles Manufactures, Medical Institutes, Sports Organisations, Government and Private Labs, Market Research Solutions Providers, Government Regulatory Bodies and Others