Smart and Interactive Textiles Market to Exhibit 14.0% CAGR Thanks to Rising Demand from Transportation Industry : TMR

Albany, NY -- (ReleaseWire) -- 06/03/2015 -- Smart and interactive textiles, more commonly known as smart fabrics or wearable textiles, are advanced products that bear the electronic components to sense and react to external stimuli. The sensors incorporated in these fabrics help in heat management, actuation and response, health monitoring, and communication. In 2013, the global smart and interactive textiles market stood at US$1.53 billion and is projected to touch US$3.82 billion by the end of 2020 in terms of demand. The market is expected to grow substantially at a 14.0% CAGR from 2014 to 2020.