Smart Textile Market: growth in recycling textiles for electronic components to rise by 2021.
Smart textiles are the clothing materials that are embedded with electronic components such as sensors, monitors etc. These smart clothes have applications in various end user industries and increase scope in textile jobs along with electronics and nanotechnology. There is high scope for the Smart Textile Market in various regions across the globe during 2016-2021.
Scope and Regional Forecast of the Smart Textile Market:
According to the IndustryARC research analysis studies on the Smart Textile Market, clothes recycling of the smart textiles and components are possible and its components are highly useful in other applications. The major applications of this industry are medical, industrial and sports sector through 2021. Recycled clothes can be used for industrial and risky applications.
The Smart Textile Market is dominated by North America due to high capital expenditure for the growth and R&D of smart textiles. Europe is expected to witness high demand for textiles recycling due to ecofriendly use of sensors and other electronics.
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Asia Pacific is the largest region for the Smart Textile Market owing to the population size and sale scope for intelligent textiles in the region. China and India are the major markets for the smart clothes owing to the scale of applications in various sectors and recycling textiles industries in the region during 2016-2021.
Segmentation and Key Players of the Smart Textile Market:
The Smart Textile Market is segmented into various categories in the IndustryARC marketing research report by type, by application and by geography as follows:
By type: thermoelectric, sensing, energy harvesting, luminescent and others
By application: fashion, military, medical, automotive, sports and fitness and others
By geography: North America, South America, Europe, Asia Pacific and ROW
The key players in the Smart Textile Market according to the IndustryARC research report that invest high revenue for R&D are as follows:
- Textronics Inc.
- Google Inc.
- Infineon Technologies
- Texas Instruments
- I. DuPont De Nemours and Co.
The Smart Textile Market is a high potential market for smart fabrics which are expected to have high application in various end user industries across the globe. This market is expected to witness high growth owing to the investment for production of intelligent textiles and development of smart textile technology, textile design and textile fabrics according to the textile industry needs for various purposes across the globe during 2016-2021.
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