Issue
25:
2nd Quarter 2008
Product Overview
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Fast track: new uses for wearable health monitoring technology |
5 pages,
published in Issue 25, 2nd Quarter 2008
Report price:
Euro 275.00;
US$ 365.00
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According to Venture Development Corporation (VDC), a USA-based technology market research company, total sales of smart fabrics and interactive textiles (SFIT) for sensing and monitoring applications will grow by an average of 49.3% per annum between 2006 and 2010, from US$76.7 mn to US$380.9 mn.
Another market research company, NPD Group, predicted in 2006 that interactive apparel “will likely become a billion dollar business within the next two-and-a-half to three years”.
One reason for the fast growth in sensing and monitoring applications is that the technology is applicable to a wide range of lucrative markets.
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