As per a new report published by Transparency Market Research on the global smart and interactive textiles market, the global smart and interactive textiles market is expected to expand at a 14.0% CAGR from the period between 2014 and 2020.

The report, titled ‘Smart and Interactive Textiles Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020’, states that the global smart and interactive textiles market is expected to progress from US$1.5 bn in 2013 to US$3.8 bn by 2020.

Smart and interactive textiles are fabric products that have the ability to sense and react to a specific environment or stimuli such as heat or light. Smart and interactive textiles, also known as smart fabrics or smart textiles, provide additional applicability and functionality as compared to traditional ones. They can also be used in protection, monitoring, medical, and entertainment applications and can be used in the technical textiles industry and fashion and clothing segments.
The global smart and interactive textiles market is segmented on the basis of application and region. Based on application, the global smart and interactive textiles market is classified into industrial, medical and healthcare, military and defense, transportation, retail and consumer, and others.

By geography, the global smart and interactive textiles market is divided into North America, Europe, Asia Pacific, and Rest of the World.

E. I. du Pont de Nemours and Company, Globe Manufacturing Company, LLC, Outlast Technologies Inc., Toray Industries Inc., Fibertronic Ltd., Interactive Wear AG, and Textronics Inc. are the prominent players operating in the global smart and interactive textiles market.