Smart textiles are a technologically advanced product that is generating substantial commercial interest. As per the report published by Market Research Future (MRFR), the global Smart Textiles for military market is poised to demonstrate a double digit CAGR pf 17.56% CAGR during the assessment period (2019-2025). The market is expected to surpass a valuation of USD 2,400 Mn by the year 2025.
Smart textiles are developed using high quality textile and innovative electronic components. They mainly utilized the defence sector. Materials such as conductive polymers, nanoparticle coatings, metal, optical fiber among others are used for manufacturing smart textiles. Such raw materials enable water-repellence, self-cleaning, UV protection and antibacterial. In addition, capabilities such as monitoring, sensing and protection are also added to smart textiles.
The growing need for more efficient military supplies is reflecting favourably on the global Smart Textiles for military market. Technological advances in textile manufacturing and the arrival of high-performance miniaturized electronics has bolster the prospects of smart textiles.
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Global Oilfield Service Market: Competition Analysis
MRFR in its report has profiled some of the leading market players which include BAE Systems plc (UK), Directa Plus SpA (Italy), Koninklijke Ten Cate BV (Netherlands), Ohmatex (Denmark), WL Gore & Associates Inc. (US), Advanced Fabric Technology LLC (US), Mide Technology Corporation (US), BeBop Sensors (US), Outlast Technologies LLC (US) and DuPont (US).
- Smart textiles manufacturers
- Defense organizations
- Clothing companies
- Research institutes
- Regulatory bodies
Global Smart Textile for the Military Market: Segmental Analysis
The segmental analysis of the Smart Textiles market has Military Industry been conducted on the basis of type, application, and region.
Based on type, the market has been segmented into ultra-smart textiles, active smart textiles and passive smart textiles. In 2018, the passive smart textiles segment commanded the lion’s share of the market whereas the ultra-smart textile segment is projected to exhibit a relatively higher CAGR during the assessment period. Ultra-smart textiles are a superior brand of textile which is witnessing a fast uptake. Such textile materials are integrated with sensor technology and have capability to react and adapt to different stimuli, condition or environment. Such materials are equipped with next-generation technologies. Based of application, the market protection & mobility, health monitoring and energy harvest. In 2018, the energy harvest segment held the pole position and is projected to capture an impressive CAGR of 17.77 % from 2019 to 2025.
Global Smart Textile for the Military Market: Regional Analysis
MRFR’s report covers regions such as the Middle East & Africa (MEA), Asia Pacific (APAC), North America, South America and Europe. North America is expected to remain a highly attractive market for smart textile for the military over the next couple of years. It is projected that the North America smart textile for the military market will exhibit a strong CAGR during the forecast period. The is mainly owing to high military expenditure by countries such as the US and Canada. Moreover, these countries are technologically advanced, which remains major market driver. The US is one of the largest buyers of military supplies and holds tremendous market potential. The vast defence sector in the region presents tremendous market opportunities. One of the other key forces is the presence of a large number of market players in the region that remain focused towards product innovation and expansion of product portfolio. In 2017, North America and South America collectively stood at a market valuation of USD 230 Mn. The Americas Smart Textiles for military market is anticipated to demonstrate 17.55% CAGR during the review period. Attractive opportunities are expected to arise in regions such as Asia Pacific and Europe during the forecast period. In APAC, the market is currently valued at more that USD 190 Mn, meanwhile the Europe market continues to growth impressively.
- Market sizing, forecast, and analysis: detailed coverage of the market segment and sub-segments
- Regional/country trends and forecast: detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region
- Market dynamics intelligence: market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis
- Technology trends, regulatory landscape, and patent analysis outlook
- Competitive intelligence: market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions
- Regional attractiveness and related growth opportunities
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Table of Contents
1 Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Smart Textiles for Military Market, by Type
1.1.2. Global Smart Textiles for Military Market, by Application
1.1.3. Global Smart Textiles for Military Market, by Region
2 Market Introduction
2.1. Market Definition
2.2. Scope of the Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis
3 Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List of Assumptions
4 Market Insights
List of Tables
Table 1 Global Smart Textiles for Military Market, by Region, 2019–2025
Table 2 North America: Smart Textiles for Military Market, by Country, 2019–2025
Table 3 Europe: Smart Textiles for Military Market, by Country, 2019–2025
Table 4 Asia-pacific: Smart Textiles for Military Market, by Country, 2019–2025
Table 5 Middle East & Africa: Smart Textiles for Military Market, by Country, 2019–2025
Table 6 Global Smart Textiles for Military Market Size, by Region, 2019–2025
Table 7 North America: Smart Textiles for Military Market Size, by Country, 2019–2025
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top-down and Bottom-up Approaches
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
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