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Increasing Use of Nanotechnology in Fabrics to Drive Global Smart Textile Market

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Published on : Jan 05, 2016

Sensors, control unit, and actuators are some of the components of smart textile. The smart textile technology is primarily used for applications such as health monitoring, health management, actuation, and communication. These textiles are commonly used in areas such as automotive, healthcare, entertainment, sports and fitness, and military and defense. Smart textile technology helps to regulate the body temperature and assists in controlling muscle vibrations. As smart textile is a perfect fit for avoiding environmental hazards, its demand is increasing rapidly. 

The global smart textile market is expected to expand at a rapid pace due to factors such as increasing use of nanotechnology in various fabrics. It produces specialty fabrics with functionality such as UV protection, anti-bacterial, and water and stain resistant. Nanotechnology includes nano materials, nano biotechnology, and nano electronics. Increasing demand for wearable technology is also expected to boost the global smart textile market in the years to come. 

A high cost of production is expected to restrict the growth of the global smart textile market in the coming few years. Due to high cost, the smart textile market is not wide-spread. Another major factor that could restrict the growth of the smart textile market is the incompatibility between the electronic industry and the smart textile industry. In the near future, collaborations and acquisition are expected to take place to improve the global position of the global smart textile market. It is expected that the leading companies will sign more acquisitions with the new entrants in order to maintain their dominant positions. 

The leading players are expected to focus on research and development activities in order to improve their smart textile solutions. New innovative products are predicted to be designed and developed by the leading players in the years to come to widen the scope of the global smart textile market. North America is expected to register maximum demand for smart textile in the years to come. Smart textile contains garments incorporating music players and smartphones. Smart textile contains various sensors such as accelerometers and heart rate sensors. The increasing use of smart textile for various functions such as sensing, energy harvesting, luminescent, and thermo-electricity are expected to propel the global smart textile market in the coming few years.