The price and lack of standards is currently inhibiting the growth of this market. However, with the amount of research and development currently underway, coupled with the formation of several consortiums, this problem is expected to be addressed in the near future. The global market for smart textiles is expected to cross $4 billion by the end of the forecast period considered in this report at an estimated growth rate of 31%.
Smart Textile Market
The Smart Textile market can be segmented on the basis of type
Thermoelectric, Sensing, Energy Harvesting, Luminescent and Others
Smart textiles are extremely useful for applications such as sports and fitness and medical applications. They can be used to monitor vital statistics of the person wearing clothes made from smart textiles. In hospitals, instead of connecting various wires and probes to patients, this can simply be embedded in the hospital gowns. Smart textiles have also penetrated a critial application, military. Smart textiles are used to transmit a lot of critical information when worn by soldiers either during combat or otherwise as well.
In terms of applications, the Smart Textile market has been segmented across the following
Fashion, Military, Medical, Sports and Fitness, Automotive and Others
The market has been segmented based on the following geographies
North America, South America, APAC, Europe, Middle East and Africa
The need to make textiles smart requires a collaboration of textile manufacturers and technology providers. Hence the major players in the smart textile market comprises a mix of such companies and following are just a few of the companies that are operating in the smart textiles market.
Textronics, Gentherm, Google, Texas Instruments, Milliken & Company
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2. Executive Summary
3. Smart Textile – Market Landscape
3.1. Market Share Analysis
3.2. Comparative Analysis
3.2.1. Product Benchmarking
3.2.2. End User Profiling
3.2.3. Top 5 Financials Analysis
4. Smart Textile – Market Forces
4.1. Market Drivers
4.2. Market Constraints
4.3. Market Challenges
4.4. Attractiveness of the Smart Textile Market
4.4.1. Power of Suppliers
4.4.2. Power of Customers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitution
4.4.5. Degree of Competition
5. Smart Textile Market – Strategic Analysis
5.1. Value Chain Analysis
5.2. Pricing Analysis
5.3. Opportunities Analysis
5.4. Product/Market Life Cycle Analysis
5.5. Suppliers and Distributors
6. Smart Textile Market– By Type:
6.3. Energy Harvesting
7. Smart Textile Market– By Application:
7.5. Sports and Fitness
8. Smart Textile Market– By Geography:
8.2. Global Study
8.3.1. North America
9. Market Entropy
9.1. New Product Launches
9.2. M&As, Collaborations, JVs and Partnerships
10. Company Profiles
10.1. Textronics Inc.
10.2. Clothing Plus
10.3. Google Inc.
10.5. Infineon Technologies
10.6. Texas Instruments
10.7. Fibretronic Limited
10.9. ThermoSoft International
10.10. Sensium Healthcare
10.11. Sensoria Inc.
10.12. AIQ Smart Clothing Inc.
10.13. Schoeller Technologies AG
10.14. Interactive Wear AG
10.15. Gentherm Incorporated
10.16. E.I. DuPont De Nemours and Co.
10.17. Noble Biomaterials Inc.
10.18. Koninklijke Ten Cate N.V.
10.19. Milliken & Company
*More than 40 Companies are profiled in this Research Report, Complete List available on Request*
"*Financials would be provided on a best efforts basis for private companies"
11.3. Research Methodology
11.5. Compilation of Expert Insights