Smart Textiles and Wearables: Markets, Applications and Technologies
Published September 2016
Smart Textiles and Wearables: Markets, Applications and Technologies examines the markets for textile based wearable technologies, the companies producing them and the enabling technologies. This is creating a 4th industrial revolution for the textiles and fashion industry worth over $130 billion by 2025.
Advances in fields such as nanotechnology, organic electronics (also known as plastic electronics) and conducting polymers are creating a range of textile–based technologies with the ability to sense and react to the world around them. This includes monitoring biometric data such as heart rate, the environmental factors such as temperature and The presence of toxic gases producing real time feedback in the form of electrical stimuli, haptic feedback or changes in color.
Emerging technologies are critical to long-term global prosperity. They represent the innovation that adds necessary economic and social value to materials, products and processes.
They provide potential solutions to a wide range of pressing global challenges including energy generation and storage, health care, climate change, food security and access to clean water, and also potential opportunities for investors and entrepreneurs.
Emerging Technologies are ones that:
- Arise from new knowledge, or the innovative application of existing knowledge;
- Lead to the rapid development of new capabilities;
- Are projected to have significant systemic and long-lasting economic, social and political impacts;
- Create new opportunities for and challenges to addressing global issues; and
- Have the potential to disrupt or create entire industries.