Smart Textile Market Growth Outlook to 2027 by Leading Players - Google (Alphabet Inc.), Interactive Wear, Koninklijke Ten Cate, Ohmatex

According to the new research report published by The Insight Partners, titled "Smart textile Market - Global Analysis and Forecasts to 2027", the global Smart textile market is expected to reach US$ 13.63 Bn in 2027, by registering a CAGR of 26.1% during the forecast period 2019-2027.

Smart textiles and interactive fabrics are used for personal health management by integrating, validating, and use of smart clothing with the integration of sensors/ actuators, processing, energy sources, and communication used for personal applications such as emergency, protection/safety, and healthcare. The sensing function is basically performed with the help of sensors integrated in the textile used for sensing the environment or stimuli, human body senses, and accordingly respond. There are various sensors integrated with the textile to sense the environment and have various advantage over the conventional sensors.

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The List of Companies - Smart Textile Market

1. Applycon, s. r. o
2. Adidas AG
3. E. I. Du Pont De Nemours and Company
4. Google (Alphabet Inc.)
5. Interactive Wear AG
6. Koninklijke Ten Cate bv
7. Ohmatex A/S
8. Schoeller Textil AG
9. Thermosoft International Corporation
10. W.L. Gore & Associates

The transport industry is also exploring the usage of smart textiles to improve the safety and comfort of the traveler with control panels allowing activating heated seats, and airbags, among others. The vital data can be used to detect early signs of fatigue to warn the driver. For instance, the company BeBop sensors, which has manufactured a smart fabric sensor technology loaded with what it's calling the Automotive Occupant Classification System. These sensors get pressure information and movement from the entire seat in real-time. They are able to collect data points for all aspects of physical contact between the occupant and the seat, including leaning forward or back, left or right, crossing legs, occupant size, and weight. This opportunity is predicted to pitch over the period leading to a huge opportunity for the Smart Textile players.

The smart textile market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, MEA, and SAM. The North America region holds the highest market share, whereas APAC is projected to be the fastest-growing region as well in the coming years. The countries of Asia are accounted to contribute nearly 28% of the total global military spending. The favorable increase in the economic structure in many of the Asian countries has boosted the military expenditure in recent years. Due to rising tension and conflicts with China and Pakistan, the Indian military's strategic procurement of significantly large numbers of smart technology-based uniforms for their soldiers has positively impacted the smart textile market. China, Vietnam, Bangladesh, and Singapore, among others, are some of the leading countries in the apparel sector and therefore are taking advantage of smart textiles. The above-mentioned growing industries have the potential to boost the business of the smart textile market.

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Reasons to Buy:

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global smart textile market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the global smart textile market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.