Infinium Global Research Smart textiles for wearable technology Market Glob | Page 2

This report analyzes and forecasts the market for Smart textiles for wearable technology at the Global and Regional levels. The
market has been estimated based on revenue US$ Mn from 2017 to 2023 and forecasts for the sub-segments have also been
provided in the report. The study includes impact analysis of the drivers and restraints in the Global Smart textiles for wearable
technology Market. It also covers the analysis of the trends in demand for Smart textiles for wearable technology during the
forecast period.
Infinium Global Research predict the smart technology market to grow at a CAGR more than 30% by 2023. Smart textiles
include conductive materials such as silver, copper, nickel. The smart fibers are manufactured by using yarn with woven or
knitted interactive materials, which can interact with the environment or the user. Such textiles are also referred to as e-textiles.
Smart fabric is a traditional fabric with added interactive functionality such as power generation or storage, sensing, radio
frequency functioning, human interface elements and/or assistive technology. Globally the smart textile for wearable
technology market is growing at a rapid pace.
Market Insights
Currently, the global smart textiles for wearable technology market is expected to grow at rapid pace. The growth in this market
can be acknowledged to the drivers such as growing wearable electronics market, growing popularity of smart gadgets with
advanced features, and growing demand for low cost smart sensors. However, the growth in this market is expected to be
restrained by high cost of production of smart textiles and compatibility issues. As per the study a majority of the revenue in the
global smart textiles for wearable technology comes from its military and safety applications followed by home and
architectural applications. Among the geographies Asia Pacific region is expected to grow at the highest CAGR over the 2017 -
2023.
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Segments Covered
We have highlighted future trends in the global smart textiles for wearable technology that will impact the demand during the
period 2017 -2023. In addition, the smart textiles for wearable technology market is segmented by raw materials, by
technologies, by functions and by applications.
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