BOSTON, March 16, 2017 /PRNewswire/ --
Over the past 20 years, electronic textiles (e-textiles) have progressed from an academic curiosity to an important technology platform generating revenue for companies globally. In particular, the industry saw strong growth for several years up to 2015, with successful launches of many new products from a series of players. IDTechEx Research's most recent report, E-Textiles 2017-2027: Technologies, Markets, Players, found that the market has grown to around $100m in annual wholesale revenue from e-textile products today.
Most of these products can be found across several key application areas. The report lists a total of 31 product types, arranged in 13 areas across 6 vertical market sectors. Perhaps the most prominent products are types of compression apparel, however the application landscape is diverse, both in apparel for other sectors and beyond apparel for a variety of sectors including medical, industrial and home textiles.
The early hype following the early commercial success may be starting to fade, but behind the scenes growing manufacturing know-how and efficiency means that a mass-market order for e-textiles will soon be possible. The report details a series of case studies showing how giants from the sports apparel and consumer electronics industries are adopting different strategies to investigate and eventually adopt e-textile products. This information is compiled from a series of primary interviews conducted by the report's authors, including 28 full company profiles, reports from major industry events globally, and activities from over 110 companies mentioned throughout the report.
All of this research is concluded in a series of market forecasts, outlining a scenario for the growth of e-textiles over the coming decade. From this modest $100m global market today, the report concludes that e-textiles to grow from its relative infancy into a market that approaches $5bn by 2027. The dedicated program of primary research accessible through this report offers unique insights from key decision makers, enabling the reader to learn from previous mistakes in the industry and develop an optimised strategy in this diverse space.
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Marketing Manager, Reports