E-textile Market Size to Grow by $ 10.25 Billion During 2021-2025
Technavio has been monitoring the e-textile market and it is expected to grow by $ 10.25 bn, accelerating at a CAGR of almost 29% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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E-textile Market: North America to lead market growth during the forecast period
E-textile Market: Key Competitors
The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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E-textile Market: Key Highlights of the Report for 2021-2025