Smart Textile Market to Benefit from Rising Use of Nanotechnology in Fabrics

Smart textile is embedded with electronic components which are interconnected with each other, thereby offering particular size and flexibility. The smart textile consists of components like sensors, actuators, control unit and many more. The smart textile is used for different application which includes health management, health monitoring, communication and actuation and response. These textiles are used in areas such as sports and fitness, automotive, military and defense, health care, entertainment and many others. The smart textile also helps in regulating body temperature, helps in controlling muscle vibrations and also helps to resist wind. These textiles also protect for environmental hazards such as radiations. The Smart Textile Market was valued at US$700 million in 2014, which is expected to reach US$7,730.0 million by 2023, growing at a CAGR of 30.8% from 2015 to 2023.

Smart Textile Market and its Description: https://is.gd/HZgULj

Market of Smart Textile is primarily driven by the increasing usage of nanotechnology in these fabrics. This nanotechnology helps in producing fabrics with special functionality including UV protection, water and stain resistant, anti bacterial and many more. This nanotechnology includes nano-electronics, nano-materials and nano-biotechnology. Nano technology helps in embedding the electronic components in to the textile. Further, nano technology provides different efficient techniques and tools to manufacture the required fabric attributes by modifying the fabric surface. Moreover, from the consumer side, the market is also supported by the increasing demand of wearable technology globally during the forecast period. Smart textiles includes garments like gloves, coats, sport wears etc, which in turn are connected to smart phones, trackers, music players etc. Smart garments also comprise sensors such as heart rate sensors, accelerometers and many others. The smart textiles are used in various applications including health monitoring, automotive, entertainment and other applications.

Nanotechnology Facilitates Embedding Components in Smart Textiles

Driven by the increasing use of nanotechnology, the global smart textile market will expand remarkably in the foreseeable future. The use of nanotechnology has grown tremendously in the smart textile industry due to its valuable and unique properties. Furthermore, nanotechnology enables textiles to become multifunctional and supports embedding electronic components into the fabric. In addition to this, nanotechnology supports the production of fabrics that come with special functionality such as water and stain resistance, UV protection, and anti-bacterial.

Global Smart Textile Market Dominated by North America

According to region, the global smart textile market is divided into North America, Europe, Asia Pacific, and Rest of the World (RoW). In 2014, North America held the largest share of 40.1% in the global smart textile market. This regional market for smart textiles is projected to expand at an impressive 30.30% CAGR during the forecasting horizon.

Informatory Brochure about Smart Textile: http://bit.ly/1Y2XmpF

Some of the key players operating in the global smart textile market are Noble Biomaterials, Gentherm, Schoeller Technologies, Koninklijke Ten Cate, Texas Instruments, Outlast Technologies, and Globe Manufacturing Company. Players in the global smart textile market will benefit from the opportunity presented by the increasing research and development in this market.

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