Published on : Jun 27, 2018
Albany, New York, June 27, 2018: The smart textile market has grown vastly in the past few years because of its growing number of applications in areas such as military, sports and fitness, healthcare, and automotive. With a prime focus on military sector, a novel study titled “Global Military Smart Textiles Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023” has been added to the massive storehouse of Market Research Hub (MRH). The study offers precise knowledge about the active market regions as well as top players operating in this sector. Further, this intelligent study also offers an exhaustive study of military smart textiles market together with the market estimates, in terms of revenue (USD million) during the forecast period from 2018 to 2023.
This intelligent study starts with a brief knowledge of the research highlights and reports scope. Further, details regarding executive summary and research methodology are also presented to enlighten the readers. Market dynamics concerned with the global flexible display market is carefully enclosed in this section, which includes drivers, restraints and opportunity analysis. Moreover, competitive strategies adopted by major players and market attractiveness analysis can be easily found with an aim to understand the market better.
Major Findings from the Study
It has been studied that the growing need for performance-enhancing garments has headed to the rapid induction of smart textiles in military sector. Smart textiles are defined as textiles that can sense and react via an active control mechanism to environmental conditions or stimuli from mechanical, thermal, chemical, electrical or magnetic sources. According to the study prime evaluations, the worldwide market for Military Smart Textiles is probable to grow at a robust CAGR over the succeeding five years, and will grow substantially in million US$ by 2023 end.
Sales of military smart textiles have carried a lot of opportunities, there will more companies enter into this industry, especially in developing countries. The study has analyzed global market data on the basis of geographical segmentation which highlights regions such as North America, Europe and Asia-Pacific, South America, Middle East and Africa.
Apart from regional insights, experts have also given comprehensive information on various segments and its sub-segments. In this report, the market for military smart textiles has been broadly segmented into types and applications. By types, the study covers passive smart textile, ultra-smart textile and active smart textile; whereas applications include NASA and DOD.
Later, a chapter clearly depicts the competitive landscape of the military smart textiles market, along with key developments made by leading market players and their current standings. As per the report, key players functioning in the market include W. L. Gore & Associates, BAE Systems, Ohmatex ApS, DuPont, TenCate, Mide Technology, Outlast and AFT.
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