@ 2016 Global Market Insight, Inc. USA. All Rights Reservedwww.fractovia.org Smart And Interactive Textiles Market will likely surpass USD 6.5 billion by 2024

@ 2016 Global Market Insight, Inc. USA. All Rights Reservedwww.fractovia.org  Overview  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. Smart and Interactive Textiles Market . 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.  Based on the application, smart and interactive textiles market is mainly divided into transportation, industrial, medical & healthcare, military & defense, and retail & consumer.

@ 2016 Global Market Insight, Inc. USA. All Rights Reservedwww.fractovia.org  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.

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@ 2016 Global Market Insight, Inc. USA. All Rights Reservedwww.fractovia.org  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.  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.  Smart and interactive textiles industry is extremely fragmented with top five manufacturers contributing to less than 20% of the overall revenue in Market players are trying to focus extensively on product development and R&D activities to improve their product portfolio as well as industry position.  360 Analysis

@ 2016 Global Market Insight, Inc. USA. All Rights Reservedwww.fractovia.org Competitive Trends: The notable industries in Smart and Interactive Textiles are Smart and Interactive Textiles  Sensoria, Inc.,  Toray Industries,  DuPont,  Koninklijke Ten Cate,  Textronics, Inc.,  Interactive Wear AG,  Milliken & Company,  Outlast Technologies LLC. Inquire Before Buying This

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