DUBLIN--(BUSINESS WIRE)--The "Global Smart Fabrics Market - Segmented by Type, Applications (Fashion and Entertainment, Sports and Fitness, Medical, Transportation, Protection and Military, Architecture), and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global smart fabrics market was valued at USD 1.72 billion in 2017, and is expected to reach USD 4.08 billion by 2023, at a CAGR of 19.01% over the forecast period 2018-2023.
Smart fabrics have an electronic chip embedded in them. Their ability to transform, grow, communicate, and even conduct energy differentiates them from the normal textiles, hence adding value to the wearer. Smart fabric is a new market, formed due to the miniaturization of electronics and decline in the prices of electronics and manufacturing costs, of both textiles and semiconductors.
Wearable technology has always been concerned with the computer academia and industry. For example, international technology giants such as Google and Apple have increased their investments into wearable technology, extending into the fashion design field. For instance, Nike, together with Google, launched gym shoes that could track real-time footprints using Google Earth. Wearing this pair of shoes can check movement routes at any time, and control massive motion data.
North America held the major share in the smart fabrics market. This region accounted for about half of the market share in 2017. In North America, the United States dominated the market, followed by Canada. North America is the hub for all major enterprises in the world. With the advent of smart gadgets, there has been a growing demand for more sophisticated and smarter gadgets.
- AIQ Smart Clothing Inc.
- E. I. Du Pont De Nemours and Company
- Google Inc.
- Texas Instruments
- Kolon Glotech Inc.
- Interactive Wear AG
- Schoeller Textil AG.
- Sensoria Inc
- Textronics Inc.
Key Topics Covered:
2. Research Approach and Methodology
3. Executive Summary
4. Market Analysis
5. Market Dynamics
6. Technology Snapshot
7. Global Smart Fabrics Segmentation
8. Competitive Intelligence - Company Profiles
9. Investment Analysis
For more information about this report visit https://www.researchandmarkets.com/research/q7pd6g/global_smart?w=4