According to Coherent Market Insights, the market for intelligent and interactive textiles is expected to exceed the $ 6,455 million mark by the end of 2028
SEATTLE, Dec 2, 2021 / PRNewswire / – According to the latest report, the global smart and interactive textiles market is estimated to be identified 6,455 million with regard to valuables a CAGR of 12.2% in the forecast period (2021-2028).
Smart textiles can be used in a wide variety of industries. For example, biometrics is a way of measuring a person’s physical characteristics and habits. These types of clothing can be programmed to monitor vital signs or diets, and they can also be used to monitor patient vital signs. The possibilities are endless. In addition to health care, smart textiles could be used to track a person’s activity and vital signs, which could be invaluable to an athlete or a dietician. The manufacture of smart textiles is a complex process that requires a multidisciplinary approach from product designers to service providers. The development of an STS requires a data processing element that can be integrated into the fabric. The result is a portable computer with many different sensors connected to a network. In addition, the technology can be human-worn and its functionality can change over time. This means that intelligent textiles can be used to monitor hazardous substances, health conditions and more.
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1. It is expected that the increasing demand for sports and fitness applications will drive the growth of the global smart and interactive textile market in the forecast period
Smart fabrics are used extensively in the manufacture of sportswear because of their numerous advantages over traditional fabrics. Smart fabrics can perceive or communicate environmental conditions as well as recognize the condition of the wearer. In fact, they can use thermal, mechanical, chemical, magnetic, electrical, and other detection systems to detect them. For example in September 2021, Researchers at the rice University of Houston, Texas, USA, has developed a smart shirt that can continuously monitor the wearer’s heart rate.
2. The rapid growth of the wearable electronics industry is expected to enter the global market intelligent and interactive textile market Growth in the forecast period
The wearable electronics industry has seen significant growth in the recent past. Wearable electronics such as smartwatches and wearable fitness trackers are made with smart textiles as they provide real-time information on heart rate, blood oxygen levels, body temperature, etc. Smart and interactive textiles are expected to see a massive increase in the near future.
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1. The development of flexible electronics can offer lucrative growth opportunities
Key companies focus on research and development activities to develop flexible electronics. Flexible electronics is a technology for assembling electronic circuits by mounting electronic devices on a flexible plastic substrate. For example in June 2021Royole Corporation launched RoKit, the first flexible electronics development kit with an open platform in the United States. Japan, Germany, China, and Great Britain
2. The development of multifunctional and hybrid smart textiles can offer great business opportunities
Smart Hybrid Textil is a 100% cotton knitted fabric for clothing. Digital components such as batteries and light and electronics can be embedded in these substances. Therefore, these textiles can be used in the medical field for patient monitoring as well as in the fashion and entertainment sectors.
1. North America trends
Among the regions North America is expected to see significant growth in the global market for intelligent and interactive textiles in the forecast period. This is due to increasing product demand in the transportation and healthcare industries in the region. In addition, growing disposable income and high internet penetration are expected to fuel regional market growth over the forecast period.
2. Asia Pacific Trends
Asia Pacific is expected to show lucrative growth in the global market for intelligent and interactive textiles during the forecast period. This is due to the large presence of small manufacturers of smart textiles and growing initiatives to digitize manufacturing in Japan and South Korea. In addition, the availability of raw materials at a competitive price and low labor costs are expected to fuel regional market growth in the near future.
The main players in the global market for intelligent and interactive textiles are E. I du Pont de Nemours and Company, Fibretronic Limited, Globe Manufacturing Company, LLC, Heapsylon LLC, Intelligent Clothing Ltd., Interactive Wear AG, Koninklijke Ten Cate NV, Milliken & Company, Outlast Technologies, Inc., Performance Fibers, Inc. and Schoeller Textil AG.
For example in May 2021, Nextiles launched a smart fabric that tracks biometric and biomechanical data in real time via Bluetooth.
Global Smart & Interactive Textiles Market, By Region:
- North America
- By country:
- United Kingdom
- the rest of Europe
- Asia Pacific
- By country
- South Korea
- the rest of Asia Pacific
- Latin America
- By country
- the rest of Latin America
- middle East & Africa
- By country:
- GCC countries
- South Africa
- the rest of middle East & Africa
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SOURCE Coherent Market Insights