Smart Fabrics and Interactive Textiles: A Global Strategic Business Report
San Jose, CA (PRWEB) March 3, 2008
The market for smart fabric and interactive textile technologies, although in embryonic stages, is poised for tremendous growth. Despite slow adoption rates in several markets, demand for SFIT technology is expected to escalate driven by emergence of advanced products and new application areas with significant potential. The market witnessed substantial growth in the past few years owing to the product's interactive properties and unique features. Biophysical monitoring solutions and phase change materials are expected to be major growth sectors in the future. The level of seamless integration between electronics and fabrics will drive the adoption of electro-active smart fabrics in future applications. Growth will be propelled by niche but lucrative applications in the military, consumer, medical, and industrial markets where the need for SFIT-enabled products is high.
The global landscape is dominated by the United States, which is characterized by the presence of numerous companies and research organizations engaged in research, development, and manufacture of these specialized products. United States is the single largest market for smart fabrics and interactive textiles worldwide. The market is forecast to be about US$193 million in 2008 as stated by Global Industry Analysts, Inc. Consumer products is the largest end-market with an estimated 50% share in 2007. Biomedical and military segments are projected to witness tremendous growth through 2012. Non-US markets are projected to record growth with a compounded annual rate exceeding 12% through 2012.
Competition in the sector is relatively low due to the highly diverse nature of the technology. Several players from various industries dot the competitive landscape - ranging from performance clothing manufacturers, textile component makers, electronic component manufacturers, electronic OEMs and system integrators to niche fabric and garment manufacturers. Market participants include Du Pont, Peratech Limited, Foster-Miller, Gorix, Intelligent Clothing, Interactive Wear AG, International Fashion Machines, Kimberly-Clark Health Care, Marktek Inc, Milliken & Company, Noble Biomaterials, Outlast Technologies Inc, Royal Philips Electronics, Schoeller Textiles, Sensatex, Smartex, Softswitch, Textronics, Toray Industries, VivoMetrics and others.
"Smart Fabrics and Interactive Textiles: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers and inhibitors, product profile, players, end-use analysis, competitive landscape, product introductions, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets including United States and rest of world. Analytics for the US market are provided in terms of end-use segments including Consumer Products, Military, Computing, Biomedical, Vehicle Safety and Comfort, Public Safety/Homeland Defense, and Others.
For more details about this 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 reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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