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Published Date: 2014-07-16Number of Pages: 92

Smart and Interactive Textiles Market for Industrial, Military and Defense, Medical and Healthcare, Retail and Consumer, Transportation and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

Global Smart and Interactive Textiles: Snapshot 

The global smart and interactive textile market has experienced tremendous growth over the past few years owing to the rapid rise in the number of end-user sectors. Currently, industries such as the automotive, medical, healthcare, and sports and fitness are showing an increased uptake of smart textiles. These textiles offer significant potential for medical and healthcare applications as they make diagnosis and risk assessment far more accurate and quick. The growth of the telemedicine market is also expected to have a positive impact the growth of the global market as smart textiles are equipped with sensors that record parameters and transmit them to a central unit. 

On the flip side, high price of smart textiles as compared to conventional textiles is limiting the widespread adoption of smart and interactive textile. Combining all these factors, the market was valued at US$1.97 bn in 2015 and is estimated to reach US$3.81 bn by 2020, rising at a CAGR of 14.0% from 2014 to 2020. 

Transportation Segment to Remain Front-runner Owing to Robust Growth of Automotive Industry 

On the basis of technology, the transportation segment will continue to lead the market until the end of 2020, accounting for 35.2% of the overall revenue share. The flourishing growth of the automotive sector across the globe is one of the key factors contributing to the growth of the global smart and interactive textiles market. A variety of textile structures and materials are used in different means of transportation either for aesthetic applications or for mechanisms. Modern technology is being increasingly implemented in conjunction with the existing textile technology to offer exceptional functionalities such as self-cleaning characteristics, luminosity, energy generation potential, light weight, and self-repair capability. 

Moreover, smart and interactive textiles are being increasingly used in industrial processes such as filtration, insulation, and clearing along with devices protection. These fabrics are also used in various electrical and chemical applications related to mechanical engineering. Demand for smart textiles in these industrial processes is anticipated to rise significantly due to increase in the number of industrial activities in emerging regions such as Asia Pacific, particularly in China. Owing to these factors, the industrial segment is poised to expand at an impressive CAGR of 17.3% during the forecast period. 

High Demand for Smart Fabrics in Military Industry to Fuel Growth of North America 

Europe was the leading regional market in 2015, representing 41.4% of the overall market revenue. The market for smart and interactive textiles in Europe has been witnessing a healthy growth, thanks to the funds by the European Union (EU) for the technological development of smart fabrics and interactive textiles. Moreover, with the robust growth of various end-user sectors in this region, there is a wide scope of application of these fabrics. However, North America is expected to surpass Europe by 2017. The growth of this region can be attributed to momentous consumption of smart textiles in consumer, military, and transportation applications. 

Since 2006, the military industry in the U.S. has been exploring various opportunities for utilizing smart and interactive textile technologies at the U.S. Army Natick Soldier Research, Development and Engineering Center (NRSDEC). The major focus is to integrate the latest technology into army tactical vests and combat uniforms. Other than military, the transportation industry held a large share in the North America smart textiles market as consumers are inclining toward improved the aesthetics of automobiles. North America is expected to account for 37.3% of the overall market revenue by 2020.

The Asia Pacific region is likely to rise at a CAGR of 20.2% during the same period. The rising industrial activities in emerging economies such as China and India are contributing to the growth of the region. Smart textiles are increasingly finding usage in applications such as lifting/conveying and supply chain processes. Furthermore, large smart textile manufacturers are shifting from Western Europe to Asia Pacific due to the presence of cheap labor, which reduces the production cost significantly. Some of the leading players in the global smart and interactive textile market are Fibertronic Ltd., E. I. du Pont de Nemours and Company, Interactive Wear AG, Globe Manufacturing Company LLC, Textronics Inc, Outlast Technologies Inc., and Toray Industries Inc.

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)


 
 
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