Global Smart and Interactive Textiles Market: Snapshot

In the last few years, the smart and interactive textiles market has been growing at a healthy pace. The rising number of applications and the rising competition are expected to encourage the growth of the market in the next few years. According to the market research study by Transparency Market Research, in 2015, the global market for smart and interactive textiles was worth US$1.97 bn and is estimated to reach a value of US$3.81 bn by the end of 2020. The market is estimated to register a promising 14.0% CAGR between 2014 and 2020

Development of Wearable Electronics Sector to Encourage Growth

The rising popularity of sophisticated gadgets with advanced functions is one of the major factors estimated to encourage the growth of the global smart and interactive textiles market in the next few years. The strong growth of the low-cost smart wireless sensor networks and the miniaturization of electronic components are some of the other factors that are predicted to enhance the growth of the market in the coming years. In addition to this, the rising popularity of the wearable electronics is likely to accelerate the market growth in the near future.

On the flip side, the high cost of smart and interactive textiles and the lack of exhaustive regulations and standards are predicted to hamper the growth of the overall market in the next few years. Moreover, the technical concerns related to the integration of textiles and electronics are further estimated to restrict the growth of the market in the coming years. Nonetheless, the rising applications of smart and interactive textiles in the wearable market and the rapid development of the key enabling technologies are predicted to generate promising growth opportunities for the market players in the next few years.   

Europe to Lead Global Smart and Interactive Textiles Market

The global market for smart and interactive textiles has been classified on the basis of geography into the Middle East and Africa, North America, Latin America, Asia Pacific, and Europe. In the last few years, Europe held a major share of the global smart and interactive textiles market and is likely to remain in the leading position in the next few years. The rising demand for smart and interactive textiles from transportation, healthcare, and military sectors is estimated to enhance the growth of the Europe market in the next few years. Furthermore, North America is predicted to grow at a healthy pace in the next few years and retain its second leading position in the coming years. Asia Pacific, on the other hand, is likely to offer promising growth opportunities for the market players in the next few years.

The global market for smart and interactive textiles is at a developing stage and is projected to witness an intense competition among the key players in the next few years. A significant rise in the number of new entrants is predicted to enhance the competitive environment in the coming few years. Furthermore, the increasing number of mergers and acquisitions and collaborations are estimated to accelerate the growth of the market in the near future. Some of the key players operating in the smart and interactive textiles market across the globe are Outlast Technologies Inc., E. I. du Pont de Nemours and Company, Globe Manufacturing Company LLC, Textronics Inc, Interactive Wear AG, Toray Industries Inc., and Fibertronic Ltd.

Smart and interactive textiles are advanced fabric products incorporated with electronic components such as sensors for various applications such as health monitoring, heat management, actuation and response, and communication. Major end-users of smart and interactive textiles include transportation, military and defense, consumer applications such as sports and fitness, and medical.
 
Inflation is not a part of pricing in this report. This report provides the market size of smart and interactive textiles for 2013, and forecast for the next six years, from 2014 to 2020. The global market size of smart and interactive textiles is given in terms of revenue. Market revenue has been estimated and forecast in USD million. Market numbers are estimated based on various key end-user markets of smart and interactive textiles. Market size and forecast for each major end-user is provided in the context of the global as well as regional markets.
 
The report on smart and interactive textiles covers the data pertaining to smart and interactive textiles including textiles, enabling components such as electronic components and fabric components. Various electronic components have been included in the report such as power supply devices and display units. Fabric components such as films, filaments and fibers have been considered in this report. 
 
In order to compile this research report, we conducted in-depth interviews and discussions with numerous key industry participants and opinion leaders. Primary research represents the bulk of our research efforts coupled with an extensive secondary research. We reviewed key players’ annual reports, product portfolio, press releases and relevant documents for competitive analyses and better understanding of the market. Secondary research includes in-depth research on current trends, technical writing, recent trades, internet sources, trade associations, statistical data from government websites and associated authorized agency websites. This has proved to be the most successful, effective and reliable approach for obtaining concise data, capturing industry participants’ insights and recognizing opportunities and growth.
 
This report provides detailed analysis and forecast of the smart and interactive textiles market on a global and regional level from 2014 to 2020. On the global level, the market has been segmented based on revenue (USD million) from 2014 to 2020. For in-depth understanding of the market at the regional level, demand has been forecast in terms of revenue (USD million) from 2014 to 2020. The report includes drivers and restraints, and their impact on the growth of the market during the forecast period. Furthermore, the study encompasses opportunities for market growth at the global and regional level.
 
We have included a thorough analysis of the value chain in order to provide detailed understanding of the market. Additionally, we have included Porter’s five forces model, which provides an insight into the intensity of competition in the market. Furthermore, the study comprises a market attractiveness analysis, wherein numerous applications are benchmarked based on market size, growth rate and general attractiveness.
 
The market has been segmented based on various applications. Each segment has been analyzed and forecast based on revenue (USD million) from 2014 to 2020. Additionally, the segment has been analyzed and forecast based on current trends at the global and regional level during the given time period. Geographically, the market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). Demand has been analyzed and forecast based on current trends for the period of six years. 
 
Profiles of leading companies have been provided in the report along with detailed analysis of their market share. The study features profiles of companies such as E. I. du Pont de Nemours and Company, Fibertronic Ltd., Globe Manufacturing Company, LLC, Interactive Wear AG, Outlast Technologies Inc., Textronics Inc, and Toray Industries Inc. The market has been segmented as below:
 
Smart and Interactive Textiles Market - Application Analysis
  • Industrial
  • Military and defense
  • Medical and healthcare
  • Retail and consumer
  • Transportation
  • Others (Space, household applications, etc.)
Smart and Interactive Textiles Market - Regional Analysis
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)
.