Newsline-International | December 2015
18.32% growth rate for smart textiles forecast
Smart textiles are fabrics incorporated with electronic components. They are used in various applications for monitoring, illumination, sensing, and communication purposes. They are also known as technical textiles or interactive textiles. These textiles are used in applications in the military, architectural, sports and fitness, transportation, fashion and entertainment, and healthcare sectors.
Technavio’s analysts forecast the smart textiles market in the US to grow at a CAGR of 18.32 per cent over the period 2014-2019. The smart textiles market in the US can be segmented into seven based on end-use: military and protection, architecture, sports and fitness, transportation, fashion and entertainment, and others. It is widely used in the military sector for protection and safety.
Technavio’s report, Smart Textiles Market in US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the smart textiles market landscape in the US and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.