Authored By: Sarah
31 May 2021

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

  • 38% of the market growth will originate from North America during the forecast period.
  • The rise in the number of lifestyle diseases is leading to the increased adoption of wearable technology such as patches and e-textiles. This will likely drive the growth of the global e-textile market during the forecast period. The high demand for health-monitoring wearables will be a significant factor in driving the growth of the e-textile market.
  • E-textiles in the fitness and sports segment also help in coaching the players and fitness seekers. They help in the improvement of golf swings, tennis serves, and ski techniques. Athletes are constantly striving to improve their performance. With the help of e-textile, they record data for later analysis.

E-textile Market to Post Incremental Growth of $ 10.25 Billion During 2021-2025 | Key Geographies that will Drive Growth

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

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive e-textile market growth during the next five years
  • Precise estimation of the e-textile market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the e-textile market industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of e-textile market vendors
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