The smart textile market is expected to grow with a CAGR of 33% from 2019 to 2024.

The study includes the smart textile market size and forecast for the smart textile market through 2024, segmented by textile type, function, end use industry, and region.

The future of the smart textile market looks promising with opportunities in the fashion and entertainment, sports and fitness, medical, transportation, architecture, and protection and military industries. The major drivers for this market are growth in the wearable electronics market, miniaturization of electronic component, and the growing demand for low cost smart wireless sensor network.

Some of the smart textile companies profiled in this report include Textronics, E.I. DuPont De Nemours, Milliken and Company, Ohmatex, Outlast Technologies, Texas Instruments, Koninklijke Ten Cate, Schoeller Technologies, Gentherm, Noble Biomaterials, and Adidas AG.

Some of the features of smart textile market report: Trends, Forecast, and Opportunity Analysis include:

• Market size estimates: Smart textile market size estimation in terms of value ($M) shipment.

• Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by end use industry.

• Segmentation analysis: Market size by various segments such as by textile type, function, end use industry, and region.

• Regional analysis: Smart textile market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.

• Growth opportunities: Analysis on growth opportunities in different applications and regions for smart textile in the smart textile market.

• Strategic analysis: This includes M&A, new product development, and competitive landscape for, smart textile in the smart textile market.

• Analysis of the competitive intensity of the industry based on Porter's Five Forces model.

This report answers the following 11 key questions:

• What are some of the most promising potential, high-growth opportunities for the smart textiles market?

• Which segments will grow at a faster pace and why?

• Which region will grow at a faster pace and why?

• What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

• What are the business risks and competitive threats in this market?

• What are the emerging trends in this market and the reasons behind them?

• What are some of the changing demands of customers in the market?

• What are the new developments in the market? Which companies are leading these developments?

• Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

• What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

• What M&A activity has occurred in the last 5 years and what has its impact been on the industry?