Growing usage of nanotechnology in fabrics and a rising demand for wearable technology are the two key drivers for the smart textiles market worldwide, says a study, which found high production cost and incompatibility with the electronics industry as two major barriers to this market’s growth. Excessive cost has not scattered the market as well, it said.

The study report, titled ‘Global Smart Textile Market Outlook, Growth, Trends and Forecast 2017–2023’, was released recently by Albany-headquartered Market Research Reports Search Engine (MRRSE), an online catalogue of market research reports.

More collaboration is required between smart textile and electronics manufacturers to make smart textiles a success in the global market, an MRRSE press release quoted the report as saying.

The report profiles major players based on company overview, business strategies, financial overview and recent developments.

Players include Globe Manufacturing Company LLC, E.I. DuPont De Nemours and Co., Milliken & Company, Outlast Technologies LLC, Texas Instruments Inc, Gentherm Inc and Noble Biomaterials Inc from the United States; Ohmatex ApS from Denmark; Koninklijke Ten Cate nv from The Netherlands; and Schoeller Technologies AG from Switzerland.