There is a Continuous growth in “Smart Fabrics for Transportation Market” in last five years and also continued for the forecasted period of 2018 to 2023. Smart Fabrics for Transportation industry report analyses the outline of the global market with respect to major regions and segmented by types and applications. Smart Fabrics for Transportation Market covers top manufacturers, product scope, market overview, market opportunities, market risk, market driving force, technological advancement, distributors, traders, dealers, research findings.
Ask for Sample PDF of Report at https://www.absolutereports.com/enquiry/request-sample/13103361
The global smart fabrics for transportation market was valued at USD 265.16 million in 2017, and is expected to reach a value of USD 692.06 billion by 2023, at a CAGR of 14.14%, during the forecast period (2018 – 2023). The scope of the report is segmented by type, which include components, such as automobile interior carpets, automotive airbags, car upholstery-car body covers, helmets, seat belt webbings, nylon tire cord fabrics, heated seats, materials, like color changing material, light emitting materials, moving materials, temperature changing material and end-user industry are limited to government & public sector, healthcare, banking, finance, services and insurance (BFSI), retail, information and telecommunication technology, media and entertainment. While the region considered in the scope of the report include North America, Europe, Asia pacific, Middle East & Africa, and Latin America.
Miniaturization of Electronic Components
The advancements in the Nano technology and micro-fabrication technologies have enabled miniaturization process, which makes smart sensors cost-effective, driving the future of the smart fabrics market. The 3D printing production processes and Nano materials developed by Nano Dimension have the potential to resolve this challenge and help to create an efficient production technology for smart textiles. Miniaturization of fabric-related sensors is expected to lead to significant benefits in their applications, smaller versions of sensors are more flexible and can be embedded in a variety of devices, for obtaining real-time information and other advanced applications. These research and developments are boosting the smart textile area and setting the stage for more amazing smart fabric solutions.
Mobility Management is the Fastest Growing Market
Mobility management comprises of all the systems that allow drivers to reach their destination safe and quickly, with optimal fuel consumption by deploying smart fabrics into the vehicle, which can enhance the vehicle’s features. Through these smart fabric-sensing systems on interior cabins, vehicles can access real-time traffic information through their onboard navigation systems and re-route automatically, to avoid traffic jams. They can also provide information on parking lots and refueling stations, which can save the travel time. Over the next few years, because of advancements in IoT, drivers would be able to access highway warnings and messages to avoid accidents. Real-time data analytics is capable of clouting the IoT and big data capabilities, to enhance mobility systems and ensure concentrated device uptime. Ultimately, this can reduce costs associated with vehicle management and can benefit the transportation industry.
North America Accounted for Nearly Half of the Global Market Share (In Terms Of Revenue) in 2017
Technological penetration and increasing demand from end-user segments, such as aerospace, automobiles, shipping, and railways are driving the growth of the North American smart fabrics for transportation market. Major Players in this region have launched efficient and highly advanced products, to deliver prevailing services. The emergence of information technology and increased usage of IoT in automotive applications has added a new dimension in the manner of conducting business operations in this region. The deployment of smarter fabrics functional systems, based on IoT techniques, help the transportation industry establish and maintain an operational process.
The Major Players include – AIQ SMART CLOTHING, INC., E. I. DU PONT DE NEMOURS AND COMPANY, GOOGLE, INC., TEXAS INSTRUMENTS, KOLON GLOTECH, INC., INTERACTIVE WEAR AG, OHMATEX, SCHOELLER TEXTIL AG ., SENSORIA, INC, TEXTRONICS, INC., INFINEON TECHNOLOGIES, INTELLIGENT CLOTHING, BODITRAK LLC and BEBOP SENSORS, amongst others.
Major Regions: – US, Canada, UK, Germany, France, China, Japan, India, Mexico, Brazil, Argentina, Saudi Arabia, UAE, Iran, South Africa
Request Discount at: – https://www.absolutereports.com/enquiry/request-discount/13103361
Major Points Covered in Table of Content of Smart Fabrics for Transportation Market:
- Research Methodology
- Executive Summary
- Key Inferences
- Market Overview
- Smart Fabrics for Transportation Market Dynamics
- Market Segmentation
- Competitive Landscape
- Key Players
- Future of the Market
And Many More….
Purchase Report at http://absolutereports.com/purchase/13103361
About Absolute Reports:
Absolute Reports is an upscale platform to help key personnel in the business world in strategizing and taking visionary decisions based on facts and figures derived from in depth market research. We are one of the top report resellers in the market, dedicated towards bringing you an ingenious concoction of data parameters.
Name: Ajay More
Email: [email protected]
Organization: Absolute Reports
Phone: +14242530807/+44203239 8187