Technology News & Trends

  The  smart textile market  is making considerable advances fueled increasingly by the advancements in the nanotechnologies used in fabrication, advent of new materials, and some notable progress in miniaturized electronics. Further, the adoption of biosensors has enabled smart textile end-users see novel products. The valuation of the market is projected to clock CAGR of  30.8%  CAGR during 2015 – 2023, and reach worth of US$7,730.0 mn by 2023-end. Forces of Consolidation of Shares Define Competitive Landscape A high degree of consolidation has shaped the competitive dynamics of the smart textile market in recent years. In 2014, only four players held 46% of the overall market share. E.l. DuPont De Nemours and Co. has been one of the companies, and has been facing stiff competition from small and medium-scale specialty product-manufacturing businesses. Some of the other well-entrenched players are Gentherm Inc., Texas Instruments Inc., and Koninklijke Ten Cate...

The global smart textile market is highly consolidated, as the leading four players in the market held approx. 46% of the overall market in 2014. E.l. DuPont De Nemours and Co. held 20% of shares in the market; still, it faces strong competition from numerous small and medium-size specialty product-manufacturing companies. Some of the leading players in the market are Koninklijke Ten Cate N.V., E.l. DuPont De Nemours and Co., Texas Instruments Inc., and Gentherm Inc. As per the TMR, the global smart textile market is estimated to attain a valuation of US$7.73 bn by the end of 2023 progressing from US$0.7 bn in 2014. The market is predicted to rise at an outstanding 30.8% CAGR during the forecast period 2015 to 2023. Based on application, the military and defense sector led the global smart textile market by holding 28% of shares in terms of revenue in 2014. During the forecast period, military and defense sector is expected to rise at a healthy 28% CAGR and is expected to ma...