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Wednesday Apr 22, 2015
Wednesday Apr 22, 2015
The global market for smart textiles is expected to exceed USD 1,500 million by 2020, according to a new study by Grand View Research, Inc. Increasing adoption of smart textiles across numerous end-use industries is expected to be the key driving force for the market. Grand View Research also observes that growing penetration of smartphones enabled with Bluetooth Low Energy (BLE) for connecting sensor-based devices to the Internet is expected to fuel market growth in the coming years.
Protection and military was observed to be the largest end-use segment, and accounted for over 27% of the overall market share in 2012. Sports and fitness is expected to register the fastest growth of 24.8% over the forecast period. Decreasing prices of electronic components is expected to make production cost-effective, further contributing to overall market demand. Ensuring user friendliness and seamless integration of technology into the fabric is a key challenge for industry participants.
To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/smart-textiles-industry
For more information, visit http://www.grandviewresearch.com/
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