GLOBAL SMART TEXTILES FOR WEARABLE TECHNOLOGY MARKET:TRENDS ANALYSIS AND FORECASTS UP TO 2021

Currently, the global smart textiles for wearable technol-
ogy market is expected to grow at rapid pace. The
growth in this market can be acknowledged to the driv-
ers such as growing wearable electronics market, grow-
ing popularity of smart gadgets with advanced features,
and growing demand for low cost smart sensors.
Among the geographies Europe dominated the market
in 2015 followed by North America. Asia Pacific region is
expected to grow at the highest CAGR over the forecast
period.
Companies Profiled:

Smart textiles include conductive materials such as sil-

ver, copper, nickel. The smart fibers are manufactured
Google Inc. E.I.
by using yarn with woven or knitted interactive materials,
which can interact with the environment or the user. DuPont De Nemours and Co.
Such textiles are also referred to as e-textiles. Smart
fabric is a traditional fabric with added interactive func-
tionality such as power generation or storage, sensing, Milliken & Company
radio frequency functioning, human interface elements
and/or assistive technology. Globally the smart textile for Intelligent Clothing Ltd.
wearable technology market is growing at a rapid pace,
Infinium Global Research predict the smart technology
market to grow at a CAGR more than 30% by 2021. Interactive Wear AG.

Globally, the smart textiles were manufactured using Ohmatex ApS

woven or knitting technologies, however with the ad-
vancements in the printed electronics conductive inks
Outlast Technologies LLC
can be printed on textiles. Dupont has invented conduc-
tive inks that can be printed on the textiles and can be
used for longer period of time. Currently, the global Texas Instruments Inc.
smart textiles for wearable technology market is ex-
pected to grow at rapid pace. The growth in this market
can be acknowledged to the drivers such as growing Schoeller Technologies AG.
wearable electronics market, growing popularity of smart
gadgets with advanced features, and growing demand Vista Medical Ltd.
for low cost smart sensors. However, the growth in this
market is expected to be restrained by high cost of pro-
duction of smart textiles and compatibility issues. As per Textronics, Inc.
the study a majority of the revenue in the global smart
textiles for wearable technology comes from its military Gentherm Incorporated
and safety applications followed by home and architec-
tural applications.

Global smart textiles for wearable technology market: Projection Global smart textiles for wearable technology market applications shares

Healthcare Fashion wear

x.x% x.x%

100% 50% 100% 100% 50% 100%

Transportation Others
x.x% x,.x%

2014 2021
100% 50% 100% 100% 50% 100%

Global smart textiles for wearable technology market : Regional Highlights Global smart textiles for wearable technology market : industry developments of key participants

X.X%

X.X%
x.x Merger &
x.x x.x X.X% Acquisitions
%
% % X.X%

Joint ventures

North America
x.x New Product
Development
Latin America %

Europe
Others
Asia
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