Technology Developments to Drive Growth in the Global Smart Fabrics and Interactive Textiles Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Smart Fabrics and Interactive Textiles markets. Global market for Smart Fabrics and Interactive Textiles is projected to reach US$2.9 billion by 2020, driven by advances in textile and fiber technologies, rising consumer demand for wearable technology, and growing miniaturization of electronics.

Smart Fabrics and Interactive Textiles: A Global Strategic Business Report

Follow us on LinkedIn – Advances in textile technology over the years led to the development of smart textiles, which are garments or materials that, due to composition and structure, can sense as well as react to external stimuli. Embedded with digital and electronic components such as actuators, sensors, microcontrollers, and data processes that can read and respond, smart fabrics and interactive textiles are capable of sensing and reacting to environmental conditions as well as stimuli from thermal, mechanical, chemical, magnetic or electrical sources.

Radical developments in material science and fiber technologies including nanofibers, conductive pressure-sensing fabrics and other hybrid fabrics; development of increasingly miniature electronic components, increasing use of electronic textiles in new generation wearable computing smart products, and rapidly expanding applications represent important growth drivers in the near term. The market stands to benefit immensely from technology advances related to the integration of electronic devices into textiles at the yarn level and performance and functionality improvements in integrated textile sensors, switches, and interconnects. In addition, increasing penetration of Bluetooth Low Energy (BLE) enabled smartphones and laptops, which help connect sensor-based materials such as smart fabrics to the Internet, is also fuelling growth in the market.

Increasing adoption of smart textiles in various end-use markets such as military, sports & fitness, and medical and healthcare, among others, represents a major growth driver in the long term. Transportation sector represents the largest end-use market for smart fabrics and interactive textiles. Military clothing is another major end-use market for smart textiles supported by the increasing focus on integration of wearable technologies that can reduce weight from cabling and batteries used for electronic devices in military uniforms. The need for real-time IT in hazardous scenarios and extreme conditions is providing impetus to the development of wearable technologies for defense applications. In the healthcare sector, the demand for smart fabrics and interactive textiles is driven largely by the growing need to enhance drug delivery, nursing care, and administering medical procedures. In sports and fitness sector, growing need for products capable of improving athletic performance in fields such as running, extreme sports and skiing is expected to benefit market growth.

As stated by the new market research report on Smart Fabrics and Interactive Textiles, Europe and the United States represent the largest regional markets worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 18% over the analysis period. Growth in the region is led by growing consumer awareness, increasing disposable income, and strong demand for wearable technology in emerging countries such as India and China.

Key players covered in the report include E. I. Du Pont De Nemours and Company, Exmovere Holdings Inc., Intelligent Clothing Ltd., Interactive Wear AG, International Fashion Machines Inc., Kimberly-Clark Health Care, Marktek Inc., Milliken & Company, Noble Biomaterials Inc., Outlast Technologies LLC, QinetiQ North America, Royal Philips Electronics N.V., Schoeller Textiles AG, Smartex s.r.l, and Textronics Inc., among others.

The research report titled “Smart Fabrics and Interactive Textiles: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, innovations and launches, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets including the US, Canada, Europe, Asia-Pacific and Rest of World. Key end-use applications analyzed for the global market include Consumer Products, Military, Transportation, Biomedical, Industrial, and Others.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Smart_Fabrics_and_Interactive_Textiles_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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