© 2016 Global Market Insights, Inc. USA. All Rights Reserved Smart And Interactive Textiles Market to grow at 14% CAGR from 2016 to 2024: Fractovia.org

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  The Smart And Interactive Textiles Market trends are analyzed from recent past with an eye on coming years in this report that also offers projections for Smart And Interactive Textiles industry targeted at helping in business decisions.Smart And Interactive Textiles Market  Smart and interactive textiles market has been gaining huge popularity among automotive giants across the globe, on account of the fact that manufacturers are now focusing on the comfort and luxury factor of passengers. The advent of IoT and connected technology are likely to influence the business trends. In addition, the ongoing research activities to innovate new products are slated to propel smart and interactive textiles industry size. According to Global Market Insights, Inc., “Worldwide smart and interactive textiles market generated a revenue of USD 2 billion in 2015 and will record an annual growth rate of more than 14% over the coming seven years.”  Based on the application, smart and interactive textiles market is mainly divided into transportation, industrial, medical & healthcare, military & defense, and retail & consumer. Key Insights of Smart And Interactive Textiles Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  In 2015, transportation application segment collected a revenue of USD 750 million and will surpass a revenue collection of USD 1.5 billion by the end of Extensive use of the product for railway coaches, aircrafts, ships, and automobiles to improve their mechanical properties and aesthetic features will boost the industry growth notably. Moreover, surging requirement of lightweight materials to enhance the fuel efficiency of automobiles and aircrafts will propel the overall smart and interactive textiles industry size.  Chromic materials and wearable electronics are the primary products of smart and interactive textiles market. Wearable electronics product segment will register a flourishing annual growth rate over the coming timeframe, owing to the increasing popularity of the product among sports persons and the geriatric population susceptible to cardiac problems, given that these products help to monitor their metabolism rate and vital signs.  Geographically, North America smart and interactive textiles market generated a revenue of USD 700 million in 2015 and will exhibit notable growth over the years ahead. The U.S. dominated the regional revenue contribution in The regional governments have been investing heavily to improve the safety and performance of military equipment and apparel, which will fuel North America smart and interactive textiles market growth. In addition, escalating R&D activities across the medical sector will also impel the product demand. Continued…

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Europe Smart And Interactive Textiles Market size, by application, (USD Million)

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Asia Pacific smart & interactive textile market will generate a significant revenue with an annual growth rate of 20% over the coming seven years. Rapid industrialization and growing expansion of the automotive sector across this region will stimulate the product demand noticeably. India, Japan, and China will be the prominent revenue contributors. The noteworthy participants in smart and interactive textiles market are Sensoria, Inc., Toray Industries, DuPont, Koninklijke Ten Cate, Textronics, Inc., Interactive Wear AG, Milliken & Company, Outlast Technologies LLC., AiQ Smart Clothing Inc., Globe Holding Company LLC., and Schoeller Textil AG. Continued….

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