11/5/2003 - The global market for SFIT-enabled solutions is expected to reach $720 million by 2008, according to a study published by VDC this month.
SFIT-enabled solutions include:
The most attractive near-term market opportunities for suppliers of SFIT-enabling technologies, and SFIT solutions are expected to include:
While near-term demand remains modest in total available market terms, the longer-term potential for suppliers of SFIT-enabling technologies and SFIT-enabled solutions is significant. According to Chris Rezendes, Vice President at VDC, "The SFIT or textronics market represents an interesting investment opportunity right now. Military-industry partnerships focusing on SFIT are operating extremely well. Program managers and their industrial partners are balancing near-term DOD mission requirements, with mid-term industrial market demand and longer-term consumer market opportunities. The net effect should be feature-rich, reliable solutions that deliver enormous value to the DOD."
Founded in 1971, VDC is a technology market research and consulting firm that specializes in industrial and commercial electronics, computing, communications, software and power systems markets. For further information about "Smart Fabrics and Interactive Textiles: Global Market Opportunity Assessment" or any other VDC service contact: Chris Rezendes, Vice President, 508-653-9000, Extension 120, firstname.lastname@example.org
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