IFAI's Market Research Manager, Jeff Rasmussen noted that the worldwide smart fabrics market is growing at an annual rate of 18%, from $984 million in 2011, to $1.9 billion in 2015!
Transportation is the largest industry in the market with 27% of the market, followed by military and government with 21%, and next by construction infrastructure with 20%.
Sports and fitness, fashion, and medical industries had the highest growth rates, with as much as a 33% increase.
Rasmussen outlined key markets for a future of continued growth:
1. The military
2. Young, tech-savvy populations
3. Older, health-concerned populations
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