NEW YORK, May 23, 2022 /PRNewswire/ -- The E-textile Market Share is expected to increase by USD 10.25 billion from 2020 to 2025 with an accelerated CAGR of 28.74%, according to the recent market study by Technavio.
Segmentation by End-user (In-Scope/Out-of-Scope)
The e-textile market share growth by the military and defense segment will be significant during the forecast period. The military and defense sectors have a high requirement of fabrics integrated with information technology (IT) components to manage extreme environmental conditions and critical situations. The demand from the military and defense segment will be a key driver boosting the growth of the e-textile market.
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Moreover, the report also provides Value Chain Analysis which helps companies gain a competitive advantage in the market. The Value Chain of the E-textile Market includes the following core components:
Highlights-
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Vendor Insights-
The E-textile market is concentrated and the vendors are deploying growth strategies such as innovation in user-friendly interface and design to compete in the market.
AiQ Smart Clothing Inc.- The company offers smart textile solution such as Bio Man, Motion Capture, Textile cable, and others.
BAE Systems Plc- The company offers smart clothing fabrics such as Broadsword Spine.
Carré Technologies Inc.- The company offers Hexoskin Smart Clothing Monitor.
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Learn More about Key Driver & Challenge of the Market-
This growth is likely to be driven by the rising demand for smart apparel and high-performance health monitoring equipment. E-textiles in the fitness and sports segment helps in coaching the players and fitness seekers and helps in the improvement of golf swings, tennis serves, and ski techniques. Apart from sports, defense and healthcare are the major end-user segments for health monitoring wearables. In the military and defense, these wearables are used to monitor and relay the vital health statistics of soldiers on the field. It enables on-field doctors and rescue teams to act immediately in case of emergencies. Moreover, these e-textiles are also used in personal protective equipment and apparel to reduce the extent of risks that users are exposed to and provide them with suitable environment-based external stimuli. Therefore, the introduction of high-functional e-textiles is enabling monitoring and improving the overall health of an individual. This will lead to the high adoption of these wearables during the forecast period.
E-textiles are priced much higher than regular textiles as these products involve the incorporation of electronic components and technologies such as nanotechnology and BLE technology. The high R&D investments required for the development of these products also add to the end cost. Products based on advanced technologies such as nanotechnologies and BLE technology are integrated into woven fabrics or textiles for developing e-textiles. The production cost of these fabrics increased over the years, with the growing demand for woven textiles and fabrics. In addition, the total employment in the textile industry has increased over the years owing to the increased sales volume and costs related to textile and fabric production. Asian apparel producers are facing a 5% increment in employees' minimum wage since January 2016. High production costs of textiles and apparel will increase the cost of e-textiles as well and will serve as a hindrance to the market growth.
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E-textile Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 28.74% |
Market growth 2021-2025 |
$ 10.25 billion |
Market structure |
Concentrated |
YoY growth (%) |
18.07 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 38% |
Key consumer countries |
US, China, France, Canada, and Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
AiQ Smart Clothing Inc., BAE Systems Plc, Carré Technologies Inc., DuPont de Nemours Inc., Jabil Inc., Ohmatex AS, Schoeller Textil AG, Sensoria Inc., Vista Medical Ltd., and Xenoma Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Market Segmentation by End-user
7 Customer landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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