The textile industry will experience a growing demand for high-tech materials driven largely by both technical textiles and the increasing integration of smart textiles to create wearable devices based on sensors. This will enable the transition of the wearable market away from one dominated by discrete hardware based on MEMS accelerometers and smartphones. Unlike today’s ‘wearables’ tomorrow’s devices will be fully integrated into the the garment through the use of conductive fibres, multilayer 3D printed structures and two dimensional materials such as graphene.
Largely driven by the use of nanotechnologies, this sector will be one of the largest end users of nano- and two dimensional materials such as graphene, with wearable devices accounting for over half the demand by 2022. Products utilizing two dimensional materials such as graphene inks will be integral to the growth of wearables, representing a multi-billion dollar opportunity by 2022.
This represents significant opportunities for both existing smart textiles companies and new entrants to create and grow niche markets in sectors currently dominated by hardware manufacturers such Apple and Samsung.
The market for wearables using smart textiles is forecast to grow at a CAGR of 132% between 2016 and 2022 representing a $70 billion market. Largely driven by the use of nanotechnologies, this sector has the potential to be one of the largest end users of nano and two dimensional materials such as graphene, with wearable devices accounting for over half the demand by 2022.
“Wearables, Smart Textiles and Nanotechnologies: Applications, Technologies and Markets” looks at the technologies involved from antibacterial silver nanoparticles to electrospun graphene fibers, the companies applying them, and the impact on sectors including wearables, apparel, home, military, technical, and medical textiles.
This report is based on an extensive research study of the smart textile market backed with over a decade of experience in identifying, predicting and sizing markets for nanotechnologies and smart textiles. Detailed market figures are given from 2016-2022, along with an analysis of the key opportunities, and illustrated with 120 figures and 15 tables.