US: Smart Fabrics “to return to growth”
The Smart Fabrics and Interactive Textiles market will return to growth, reaching a value of US$1.8bn by 2015, according to new research by Global Industry Analysts (GIA).
The company said the revival of economic growth, a resurgence of consumer confidence and product innovations would all help to put growth back on track.
The future was particularly bright, said the report, for products incorporating new generation fibres such as nanofibres and other hybrid materials.
The level of integration between electronics and fabrics will drive the adoption of electro-active smart fabrics in future applications, the report added.
Leading the recovery will be developing countries with high levels of industrialisation under way, boosted by developments in nanotechnology, chemistry and biochemistry.
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