Smart Textile Market Size, Share | Industry Growth and Analysis

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Smart Textile Market
Opportunities and Forecasts, 2014- 2022
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• The global smart textile market was valued at
  943 million in 2015, growing at a CAGR of 28.4
  during the forecast period to reach 5,369
  million by 2022.
• Smart textiles are fabrics that are manufactured
  to include technologies that provide the wearer
  with increased functionality.
• The global demand for various smart textile
  products has increased continuously due to their
  expanding base of applications in end user
  industries.
• Increasing research and development in the smart
  textile market along with the growing demand in
  emerging economies such as India and China are
  acting as major opportunities in the global smart
  textile market.
• The smart textile market research report provides
  a quantitative and qualitative analysis of the
  current market trends, estimations, and dynamics
  through 2014-2022, which assist in identifying
  the prevailing market opportunities in different
  end user segments.

Smart Textile Market Overview
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Smart Textile Market Segmentation
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• The significant factors driving smart textile
  market growth include integration of wearables
  and smart textiles, increasing use of
  nanotechnology, and its application in
  smartphones other sophisticated gadgets.
• The electronic components can be miniaturized and
  integrated with smart textiles, which help to
  monitor and regulate body temperature, monitor
  heartbeat, and protects body from outside
  radiations.
• In addition, the application of nanotechnology is
  extended with the production of nanofibers. The
  use of nanofibers in the fabric is applied widely
  in the smart textile industry to enhance the
  performance and functionality of the textile.
• It provides textiles with anti-bacterial,
  UV-protection, self-cleaning, water repellence
  property, maintaining the breathability, and
  tactile properties of the textiles.

Key Factors Impact Smart Textile Market
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Smart Textile Market Top Investment Pockets
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• Smart Textile Market by function, and by end-user
  industry with global opportunity analysis and
  industry forecast, 2014-2022.
• In 2015, the military defense segment accounted
  for one-fourth of the total share, in terms of
  revenue.
• North America was the highest revenue-generating
  region in 2015, which is expected to grow at CAGR
  of 27.9 during 2016 to 2022.
• Factors such as increase in standard of living,
  rising incomes, awareness of safety and
  environmentalism, advances in medical technology,
  expanding automotive sectors, and increased
  spending on healthcare impact the growth of Smart
  Textile Market globally within the developed and
  developing countries.

Smart Textile Market Analysis
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Latin America Smart Textile Market Analysis
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• North America is expected to continue to lead the
  market during the forecast period followed by
  Europe.
• Military defense end user segment generated the
  highest revenue and is projected to grow with a
  CAGR of 27.3 during the forecast period.
• Sports fitness is the fastest growing end user
  segment in smart textile market registering a
  CAGR of 30.4 during the forecast period.
• Latin America accounted for more than one-third
  share of the LAMEA smart textile market in 2015.
• The Indian market is growing at a faster rate in
  Asia-Pacific smart textile market, registering a
  CAGR of 31.8 from 2016 to 2022.
• Germany accounted for more than one-fourth of
  share in the European smart textile market in
  2015.

Key findings of the Smart Textile Market
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Continuous innovation and surge in wearable
technology is expected to drive the growth of the
smart textile market. Komal Sharma, Research
Analyst, Semiconductor and Electronics at AMR
Smart Textile Market
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