Portland, OR -- (SBWIRE) -- 12/26/2017 -- Fabrics with electronic components inserted inside are smart textiles Market. The increase in demand for smart watches and wristbands as well as sophisticated gadgets with advanced functions, miniaturization of electronic components, and rapid growth of low-cost smart wireless sensor networks fuel the demand in smart textile market. Global smart textile market is expected to grow at a CAGR of 35.2% from 2017 to 2025.

Based on type, the market is bifurcated into passive smart textile, active smart textile, and ultra-smart textile. The application segment is subsegmented in military, automotive, healthcare, and others. The smart textile market is analyzed based on geography, which includes North America, Europe, Asia-Pacific, and LAMEA.

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Market Dynamics:

Drivers:

Rise in demand of wearable electronics
Increase in demand of size reduction in portable electronic devices
Increase in popularity of smart gadgets and reducing cost of wireless sensors
Restraints:

Extra cost occurred by accommodating electronics in fabrics
Absence of standards and regulations
Market Players:

Top market players profiled in the report are Google Inc., AIQ Smart Clothing Inc., Interactive Wear AG, Clothing Plus Ltd., Schoeller Technologies AG, E. I. Du Pont De Nemours and Company, Gentherm Incorporated, Textronics, Inc., and Outlast Technologies LLC.

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MARKET LANDSCAPE

By Type

Passive Smart Textile
Active Smart Textile
Ultra-Smart Textile
By Application

Commercial
Consumer
Automotive
Other
By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
Australia
China
Japan
India
Singapore
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
Rest of LAMEA