Smart textiles (also known as e textiles) have electronic devices including digital components such as a sensor, battery, light emitting diodes, data transfer systems, antennas etc. embedded in the garment. These are used to monitor and control physical conditions of the person such as pulse rate, muscle stretch, body temperature, blood pressure etc. The obtained data is transmitted via Bluetooth device to an application in real time. The global smart textiles market is expected to rise at a CAGR of about 34% during the forecast period 2016-2023.Traditional textiles are integrated with electronic components and to produce smart textile and are used to monitor signals in healthcare sector and performance in sports sector. Rapid technological developments such as cloud, IoT in electronics and wireless field has led to miniaturization of electronic components, making it possible to integrate it with traditional textiles. This contributes to the growth of the global smart textiles market during the forecast period.
Growth of low-cost smart wireless sensor networks in wearable is fueling growth in the global smart textiles market during the forecast period. According to United States based Institute for Electrical and Electronics Engineers (IEEE), hundreds of cost effective sensors are accommodated in a textile which is used to provide power and data transmission lines in e-textile. Also,sensor network play an important role in tracking and monitoring, early detection, physical therapy and treatment in medical field. This contributes to the growth of the global smart textiles market during the forecast period.
Source: OBRC Analysis
The report on global smart textiles market is segmented on the basis of its segments which include functions, type and end users.
Functions of smart textiles include:
- Energy harvesting
- Luminescence & aesthetics
- Sensing
- Thermoelectricity
- Other functions
Types of smart textiles have been divided as:
- Active smart
- Passive smart
- Ultra smart
End users adopting smart textiles include:
- Architecture
- Automotive
- Fashion and entertainment
- Healthcare
- Military and protection
- Sports and fitness
- Other end users
The report scope is widely categorized on the basis of its segments such as functions, type and end users. Moreover, the market revenue estimates and forecast includesonly the smart textiles. However, the report scope excludes conventional garments and textiles.
Geographically, the global smart textiles market report has been segmented in:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
North America accounted for the largest market share in terms of revenue for the smart textiles market in 2016 followed by Europe. North America is expected to dominate the smart textiles market during the forecast period due to rising demand for smart textiles from consumer electronics and medical applications. Moreover, according to physorg (science, research and technology churnalism website) in 2016, United States Department of Defense invested $75 million for advanced functional fabricsincorporated with GPS and lightweight sensors. These factors are responsible for the dominance of the North America smart textiles market during the forecast period. However, Asia Pacific is expected to be the fastest growing region for the smart textiles market during the forecast period. The fastest growth is witnessed due torising demand for smart textiles and wearable electronics from developing countries such as China, India, South Korea and Japan of Asia Pacific.
Global smart textiles market report covers segmentation analysis of functions, type and end users. Report further covers segmentsof functions which includeenergy harvesting, luminescence & aesthetics, sensing, thermo electricity and other functions. Sensing held the largest market share in terms of revenue in 2016 for the global smart textiles market and it is expected to dominate the market during the forecast period. Dominance of sensing segment is witnessed due to its sensing ability which is the most essential characteristics of the smart textile product.It finds applications in sectors such as medical, sports, military etc. Types of smart textiles have been divided as active smart, passive smart and ultra smart. Furthermore, end users adopting smart textiles includearchitecture, automotive, fashion and entertainment, healthcare, military and protection, sports and fitness and other end users. Sports and fitnessheld the largest market share in terms of revenue in 2016 for the global smart textiles market and it is expected to dominate the market during the forecast period. Dominance of the segment is witnessed due to increasing demand for smart textiles and electronic wearable in sports and fitness sector.
The major market players of the global smart textiles market are:
- GOOGLE INC.
- INTERNATIONAL FASHION MACHINES, INC.
- SCHOELLER TEXTILES AG
- TEXTRONICS, INC.
- VISTA MEDICAL LTD.
- OTHERS
These companies use various strategies such as merger & acquisition, collaboration, partnership and product launch whereas, product launch is the key strategy adopted by the major companies of the global smart textilesmarket.
For example:In 2017, Google Inc. announced to launch its new product. The new product is a smart jacket primarily aimed for urban bike riders to collect real time data for monitoring. It uses Google’s Jacquard technology which can be gesture controlled.
The report covers detailed analysis of companies which comprises overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in the global smart textilesmarket.
Key reasons to buy the report:
- The report includes market estimation, forecast and analysis for the year 2016-2023 of the global smart textilesmarket.
- Report includes detailed analysis of different segments such as functions, type and end usersof the global smart textilesmarket.
- Identify and understand the strength, opportunities, challenges and threat of the global smart textilesmarket during the forecast period.
- Covers details analysis of Porters 5 force model and other strategic models. Also covers revenues, market share analysis, and competitive landscape analysis of major players of the global smart textilesmarket.
- Detailed analysis of various the regulatory policies which are affecting the global smart textilesmarket during the forecast period.
How are we different from others:
At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on the global smart textilesmarket offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of the global smart textilesmarket, with giving extensive SCOT analysis of key companies.
Key findings of the global smart textiles market:
- Growth of low cost smart wireless sensor networks in wearable is adding growth in the global smart textiles market during the forecast period.
- North America held for the largest market share in terms of revenue in 2016 and is expected to dominate the smart textiles market during the forecast period.
- Sensing is the fastest growing segment for the global smart textiles market during the forecast period due to increasingapplications in sectors such as medical, sports, military etc.
- Product launch is the key strategy adopted by the major players of the global smart textiles market.