Global Smart Textile Market Challenged by Cost IssuesAlthough the aforesaid trends will drive the global smart textile market, it will be constrained by the high cost of production.30 percent CAGR during the forecasting horizon. This regional market for smart textiles is projected to expand at an impressive 30.
In 2014, the military and defense segment accounted for a share of 28. These garments feature sensors used in different applications such as entertainment, health monitoring, and automotive.
In addition to this, the expanding healthcare, sports and fitness, and automotive segments will drive the demand for smart textiles and wearables further. Furthermore, nanotechnology enables textiles to become multifunctional and supports embedding electronic components into the fabric.
Global Smart Textile Market Dominated by North Waterproof Fabric Suppliers AmericaAccording to region, the global smart textile market is divided into North America, Europe, Asia Pacific, and Rest of the World (RoW).Y
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