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Smart Textile Market || Insights, New Project Investment and Potential Growth Scope
Prophecy Market Insights
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Key Highlights:
On March 5, 2019, KARL MAYER Textilmaschinenfabrik GmbH launched smart technology platform. This technology platform helps to develop innovative new knit applications.
In July 2018, Tommy Hilfiger, subsidiary of Murjani Group launched smart clothing that tracks movement of users.
Key Market Insights from the report:
The global smart textile market accounted for US$ XX billion in 2019 and is projected to register a moderate CAGR of XX% over the forecast period. The market report has been segmented on the basis of function, application, and region.
By function, the global smart textile market is segmented into energy harvesting, sensing, thermoelectricity, luminescent, and others.
By application, the protection and military segment is accounted major share in the global smart textile market due to the integration of these products with electronic products offers a lightweight option against heavy batteries.
By region, North America is expected to account for major share in terms of revenue in the global smart textile market over the forecast period. This can be attributed to increasing demand for smart textile in the transportation, defense, and healthcare in countries of the region. Asia Pacific smart textile market is expected to account for fastest growing rate in terms of revenue in the global smart textile market in the near future.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Smart Textile Market, By Function (Energy Harvesting, Sensing, Thermoelectricity, Luminescent, and Others), By Application (Fashion and Entertainment, Sports and Fitness, Medical, Transportation, Protection and Military, And Architecture), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)- forecast till 2029
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The prominent player operating in the global smart textile market include Adidas AG, Ohmatex ApS, Peratech Holdco Limited, Infineon Technologies AG, Jabil Circuit Inc., Fibertronic Ltd, KARL MAYER Textilmaschinenfabrik GmbH, Murjani Group, Tektronix, Inc, and Sensoria Inc.
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Mr Alex (Sales Manager)
Prophecy Market Insights
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About us:
Prophecy is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business.
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