Global
Smart Textiles Market was valued at $674.8 Million in 2015 and is estimated to
grow at a CAGR of over 33% from 2017 to 2024.
The
global smart textiles market is growing rapidly on account of key drivers such
as increasing demand for wearables, technological advancements, high adoption
of mobile and smart gadgets, increasing disposable income across various
emerging countries. The market is anticipated to reach a value of USD 8.98
billion by 2024. The high growth is anticipated due to smart innovations in the
textile industry and electronics sector. The integration of sophisticated
gadgets, sensors, chips in various type of textile fabrics is generating huge
interest from various stakeholders.
The
demand for smart textiles is growing rapidly from the military and defense
sectors, retail sector, healthcare and other end users. The growth of
nanotechnology has played a vital role in the manufacture of smart fabrics. The
smart textiles market is segmented based on function, type, end-user and
region. Based on function, the market is categorized as sensing,
thermo-electricity, energy harvesting, and luminescence & aesthetics. Based
on end user industry, the market is categorized into automotive, fashion,
military, sports & fitness, and healthcare.
Based
on region, the market is split into North America, Europe, Asia Pacific, Latin
America and Middle East and Africa. In 2015, North America accounted for the
majority of the market share. The high disposable income of the U.S. and
Canadian population, high military spending, the presence of world-class
technology companies contribute to the dominant position held by the North
America in the market.
Estimated
average product cost – $ xx globally. However, the average cost differ in each
segment due to the different product specifications. Furthermore, with the
growth in wearable technology, growing solution implementation and increasing SMEs,
OPP and range of acceptable Prices (RAP) are going to change. We at Ameri
Research continuously track these prices with our proprietary pricing model.
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the link below to view the report description:
Key findings from the study: -
·
Global Smart Textiles Market was valued at $523
Million in 2015 and is estimated to grow at a CAGR of over 34.5%from 2016 to
2024.
·
The market is anticipated to reach a value of
USD 8.8 billion by 2024.
·
The demand for smart textiles is growing rapidly
from the military and defense sectors, retail sector, healthcare and other end
users.
Ameri
Research has segmented the SmartTextiles Market by material
categories, product type, end-use and region:
Market
Segmentation
Smart Textiles Market, by Product (Revenue, USD Billion)
·
Active
·
Passive
·
Very Smart
Smart Textiles Market, by Application (Revenue, USD Billion)
·
Sensing
·
Thermo-Electricity
·
Energy Harvesting
·
Luminescence & Aesthetics
Smart Textiles Market, by End-Use (Revenue, USD Billion)
·
Fashion & Entertainment
·
Defense & Military
·
Sports & Fitness
·
Architecture
·
Medical
·
Others
Smart Textiles Market, by Region (Revenue, USD Billion)
·
North America
o U.S.
o Canada
·
Europe
o UK
o Germany
o France
o Italy
o Spain
·
Asia Pacific
o Japan
o China
o India
o Australia
·
Latin America
o Brazil
o Mexico
o Columbia
·
Middle East and Africa
o South
Africa
o Saudi
Arabia
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