Global Smart Textiles Market for Military 2015, is expected to witness an impressive growth rate with a CAGR of 10.35% during the period 2014-2019.
Global Smart Textiles Market for Military 2015-2019
Smart textiles are products that integrate textiles and electronic components to provide enhanced functionality. Smart textiles also possess the capability to monitor, protect, and utilize technological applications. Smart fabrics based on nanotechnology have become the building block for more sophisticated and advanced smart textiles used in various military applications such as military clothing, tents, and textiles for shelter.
The analysts forecast Global Smart Textiles Market for Military to grow at a CAGR of 10.35 percent during the period 2014-2019.
One key trend emerging in the market is the growing use of nanotechnology in smart textiles. Nanotechnology enables the creation of the smart fabric at the microscopic level, leading to enhancements of various functionalities.
Governments across the world are capitalizing in the R&D of nanotechnology-based materials and systems for military use including smart textiles for military clothing, protective shelters, and tents. Smart textiles allow various high-tech functionalities such as camouflage in military clothing, ballistic protection capability, technologically enhanced and lightweight clothing for enhanced performance and mobility, and high-tech protective shelters and tents. Some of the key countries acting as catalysts in this market are the US, Japan, South Korea, Taiwan, China, and some of the countries in Europe.
“Standardization allows manufacturers, suppliers, and retailers to connect their businesses with the value chain. It also facilitates transparency in the market and removes trade barriers,”
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Covered in this Report
The current scenario and growth prospects of the Global Smart Textiles Market for the Military for the period 2015-2019 are examined in this report. Apart from presenting a global overview of the market landscape as well as market shares and growth prospects by region (the Americas, and the APAC and EMEA regions), it also provides a corresponding analysis of the prominent vendors in the market. Major drivers and trends influencing the direction of the market are also examined. The report also considers challenges faced by vendors and the market as a whole.
The report, Global Smart Textiles Market for Military 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions. The report also includes a discussion of the key vendors operating in this market.
“It provides information on various factors including the suitability of existing test procedures and the production of smart textiles. It also helps to understand the need for the creation of new classifications as per the evolving needs of the market.”
To define the market conditions in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.