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The e-textile market is poised to grow by USD 11,392 million, accelerating at a CAGR of 27.77% between 2023 and 2027. Additionally, the market is fragmented in nature and shows a YOY growth of 26.47%. The report covers diverse dimensions such as the market size of forecast and historic data, influential drivers, analysis of prominent vendors, and evolving trends, presenting a comprehensive outlook on the global market scenario.
The growth of the market depends on several factors, including the high demand for health-monitoring wearables, the rising number of lifestyle diseases, and the increased awareness of a healthy lifestyle. The comprehensive report of the e-textile market offers crucial insights into the industry's changing dynamics, helping businesses to identify growth opportunities in the constantly evolving digital retail landscape.
The market is Segmented as
1. Application- The Application segment is classified into passive and active channels.
2. End-user- The end-user segment is classified into military and defense, architecture, sports and fitness, transportation, and others channels.
E-textile Market market size, Request for Free Report Sample
The rising demand for health-monitoring wearables is driving market growth, particularly in the medical and healthcare sectors. The global e-textile market is set to transform these industries with increased demand for smart apparel health monitoring equipment. Used extensively in sportswear for various activities and sports footwear, electronic textiles (e-textiles) cater to athletes seeking lightweight equipment for performance assessment and enhancement. In the medical field, e-textiles remotely monitor patients' health vitals and offer distress signals in emergencies, while also contributing to personal protective equipment. This trend is anticipated to fuel the widespread adoption of health-monitoring wearables in the forecast period.
A crucial trend in the market is the growing adoption of BLE technology and the miniaturization of electronic components. BLE technology finds applications in various online devices, and its integration with textiles enables the sensing and monitoring of data when connected to the Internet.
Furthermore, incorporating electronic components into fabrics, such as conductors, resistors, or active electronics like transistors, diodes, and solar cells, using BLE technology can reduce power consumption. This has significant implications for sports, transportation, military, and related sectors. Advances in small-sized components have played a pivotal role in expanding the e-textile market, with further expansion anticipated during the forecast period.
The passive segment is estimated to witness significant growth during the forecast period. Some of these categories are conductive fabrics and optical fiber-embedded fabrics and possess the ability to measure environmental conditions through thermal and electrical resistive components. They are mostly used in outdoor apparel and medical wearables. For example, cooling fabric in E-textiles helps evaporate sweat more quickly and possesses anti-microbial, anti-static, and UV protective properties.
The passive segment was the largest segment and was valued at USD 786.93 million in 2017. This segment also possesses UV protection due to the presence of UV absorbers and optical brighteners to protect from skin damage and anti-microbial properties to prevent bacterial growth and infection, caused by perspiration, especially for sportsmen and sportswomen. The above factors will increase segment growth during the forecast period.
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North America is estimated to contribute 37% to the growth of the global market during the forecast period.North America exhibits the highest global penetration in the electronic textiles (e-textiles) market compared to other regions. This prominence is attributed to rapid digitization in the US and Canada, along with the widespread use of wearable devices and applications. The region benefits from the contributions of various stakeholders, including original equipment manufacturers, textile and fabric manufacturers, system integrators, and R&D institutes, driving innovative technology and enabling the miniaturization of electronic components incorporated into advanced fibers. North America caters to increasing demands across diverse industries such as defense, military, sports, fashion, healthcare and fitness, and architecture.
AiQ Smart Clothing Inc. - The company offers semiconductors-infused intelligent apparel.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Market growth faces challenges due to elevated manufacturing costs. The substantial research and development investments in BEL technology and nanotechnology applied in E-textiles have led to increased production costs over the years. These technological advancements, while beneficial, have contributed to higher manufacturing expenses, impacting the growth of the electronic textiles (e-textiles) market.
Moreover, the textile industry is witnessing rising employment, accompanied by wage increments mandated by minimum wage regulations. For instance, Asian apparel producers have experienced a 5% increase in employees' minimum wage since January 2016. These factors are anticipated to further contribute to the escalation of manufacturing costs, affecting market growth during the forecast period.
The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth. For details analysis BUY FULL REPORT.
E-textile Market Scope |
|
Report Coverage |
Details |
Page number |
170 |
Base year |
2022 |
Historic period |
2018 - 2022 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 27.77% |
Market growth 2023-2027 |
USD 11392 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
26.47 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 37% |
Key countries |
US, Canada, China, France, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AiQ Smart Clothing Inc., B10NIX Srl, BAE Systems Plc, BeBop Sensors Inc., Carre Technologies Inc., DuPont de Nemours Inc., Interactive Wear AG, Jabil Inc., LOOMIA, Mitsufuji Corp, Outlast Technologies GmbH, sanSirro GmbH, Schoeller Textil AG, Sensoria Inc., Statex Production and Sales GmbH, Tex Ray Industrial Co. Ltd., ThermoSoft International Corp, Toray Industries Inc., Vulpés Electronics GmbH, and Xenoma Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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