The global e-textiles market size is estimated to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the technical advancements and skilled wearable computing designers’ developments in wearable technology and intelligent apparel.
E-textiles or electronic textiles, also known as smart textiles, are fabrics with embedded digital components including a battery and a light electronic materials. Metals such as silver and gold have long been woven into cloth as a traditional and customary method. In needlework, conductive weavable fibers are employed and a few interleaving techniques are involved for fibers or ribbons. Conductive threads and fabrics are required in the e-textiles production process.
The e-textile products are widely adopted in the electronics sector that can extend large benefit to medical electronics firms and fashion designing companies. Electrical, electro-optic, and electronic functions are primarily provided by e-fibers in the e-textiles industry. Such fibers may be found in a variety of items such as garments, bandages, draperies, and bed linen. E-textile textiles can produce light, detect heat and coolness, alter form, compute, display changing visuals, connect wirelessly, create power from ambient energy as needed, diagnose faults, and cure clinical ailments. Manufacturers are stressing the use of stretchy fibers, solar cells, and super-capacitors to gather ambient energy and convert it in the form of electricity. Electronic fabrics, also called e-textiles can convert energy from sunshine, body warmth, and motion into electrical energy.
The rapid emergence of the COVID-19 pandemic had affected the overall demand for smart fabrics due to shutdown of textile factories, which resulted in the delay of production and disturbed the supply chain of raw materials. Companies have been compelled to develop remote working strategies as a result of the outbreak.
Market Trends, Drivers, Restraints, and Opportunities
- Integration of new technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) to produced new smart clothing are key drivers of the market.
- Wide expansion of the textile industry due to growing population size and increasing disposable income of a large number of the global population are major factors boosting the market.
- Lack of capacity and bulk production capability acts as a key restraining factor that can hinder the market expansion during the forecast period.
- Investing in the market is unappealing to cynical and risk-averse investors, thus, hampering the market growth.
- Enormous number of patents filed in this sector by e-textile innovators and institutions acts as a major impediment to the market expansion.
- Creation of multi-function and hybrid textiles that make life easier for consumers and wide introduction of various wearable gadgets together are creating lucrative opportunities for the market expansion.
Scope of E-textiles Market Report
The report on the global e-textiles market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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E-textiles Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Classical Electronic Devices and Modern Electronic Devices)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Reebok; Roche; Samsung; SAP; Apple; Accenture; Adidas; Fibretronic Ltd.; Fujitsu; Interactive Wear AG; Nike; Ohmatex; and Philips
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E-textiles Market Segment Insights
Modern electronic devices segment to expand at a considerable CAGR
On the basis of types, the e-textiles market is bifurcated into classical electronic devices and modern electronic devices. The modern electronic devices segment is projected to expand at a considerable CAGR during the forecast period due to popular modern concepts and technologies such as phase-change of textile items. Moreover, wide incorporation of advanced technology into textiles to maintain and manage body temperature, allowing athletes to become more comfortable using the products. On the other hand, the classical electronic devices segment is anticipated to account for a major market share during the forecast period as increasing demand for wearable electrical/computer devices, which are extensively equipped with fabric as a station for deploying electrical components.
Europe is anticipated to constitute a key market share
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is expected to constitute a key share of the market during the projected period owing to emerging strong value chains, together with transnational growth and extensive trade policies. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to the availability of low-cost fibers and cost-effective production. The e-textiles industry is widely expanded in the region due to massive investment by major economies such as China and India and a key factor such as low-cost labor.
Segments
The global e-textiles market has been segmented on the basis of
Types
- Classical Electronic Devices
- Modern Electronic Devices
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Reebok
- Roche
- Samsung
- SAP
- Apple
- Accenture
- Adidas
- Fibretronic Ltd.
- Fujitsu
- Interactive Wear AG
- Nike
- Ohmatex
- Philips
Competitive Landscape
Key players competing in the global e-textiles market are Reebok; Roche; Samsung; SAP; Apple; Accenture; Adidas; Fibretronic Ltd.; Fujitsu; Interactive Wear AG; Nike; Ohmatex; and Philips.
To maintain the competitiveness in the market, several players have constantly adopted several business expansion methods such as mergers and acquisitions. Vendors are spending a lot of money on research and development to improve the performance of fabrics. Waterproof and breathable materials that provide personal comfort and protection as well as moisture management systems, are being prioritized.
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