- The key vendors in the global smart fabrics and interactive textiles market 2015-2019 are Fibertronic, Interactive Wear AG, Milliken & Co., Outlast Technologies, Schoeller Textil AG and Textronics
London, 24 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global smart fabrics and interactive textiles market 2015-2019. The growing use of nanotechnology in SFIT is one of the key trends being witnessed in this market. Nanotechnology enables textiles to showcase various properties such as the ability to repel water and UV absorption protection. The use of nanotechnology in smart fabrics provides opportunities for the clothing and apparel, military, sports, medical, and other related sectors to increase performance. The global smart fabrics and interactive textiles market is expected to grow steadily at a CAGR of 20.18% during the forecast period of 2014-2019.
The global smart fabrics and interactive textiles market is expected to grow speedily mainly on account of the increasing use of smart fabrics and interactive textiles in transportation, military, and industrial applications. One of the major factors driving the market is the technical development in smart fabrics and interactive textiles, which replaces metallic fibers with conductive polymers such as polyaniline and polypyrrole.
“Of late, production facilities have been relocated to low-wage countries, which is leading the EU to invest heavily in continuous R&D, so that the European textile industry can retain its competitive edge,” says Faisal Ghaus, Vice President of Technavio Research.
“EU funding is mainly concentrated on personal health monitoring, through smart fabric wearable systems, integrating sensors, communication, and processing.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
