E-Textiles Market Size, Share and Forecast 2026

(EstateNewsWire.com, September 05, 2019 ) Market Overview

• Electronic textiles or E-textiles are fabrics that enable electronic components such as sensors to be embedded in them. E-textiles are developed with new technologies that provide added value to the wearer.

• Heat management, communication, health monitoring, sensing, and illumination are some of the uses of E-textiles. The manufacturing of E-textiles requires conducting fibers. E-textiles are available in the form of coats, gloves, caps, performance bands and others.

Market Dynamics

• Demand from sports and fitness, compactness of electronic sensors, advancements in textile technology and demand for E textiles in health care are some of the factors which are responsible for boosting the E-Textiles market.

• According to the World trade statistical review conducted by the World Trade Organization (WTO), the global medical technology market in 2017 was worth USD 430 billion, and this is growing at an annual rate of 4.2% per year. The global spending on Healthcare technology research and development in 2017 was about USD 28 billion. Owing to these factors, the growth of the Healthcare sector is anticipated to drive the market in the future.

https://www.datamintelligence.com/research-report/e-textiles-market">Market Segmentation Analysis

• The Global E-Textiles market has been segmented by type of electronic devices, end-user application, and geography.

• Based on the end user application, the market is segmented as a defense, sports and fitness, healthcare, household textiles, and others.

• The sports and fitness segment and the defense sectors are the dominant segments of the global E-Textiles market owing to increasing demand for electronic textile technology from these segments.

• E-Textiles not only improve performance but provide additional functionalities like health monitoring, wireless communication, enhanced mobility, surveillance, reduction of heat stress and signature management. According to the Stockholm International Peace Research Institute (SIPRI), the total military expenditure in 2017 rose to USD 1739 billion, a marginal increase of 1.1% compared to 2016. According to the Industrial Fabrics Association International, 2 to 3% of this budget is allocated to the military textiles and clothing sector which approximately accounts for more than USD 30 billion. Furthermore, Electronic Performance and Tracking System (EPTS) is the recent E-Textile technology which was adopted by FIFA in the FIFA World Cup 2018. This technology allows the coaches to monitor the fatigue levels of the players concerning the heartbeat, distance covered and loads on the body. This was made possible through a small wearable device embedded into an E-Textile vest which the player has to wear during the match which captures all the information through different sensors present in them and relays it to a box.

• According to FIFA, it is expected that EPTS will now become mainstream and with new vendors coming aboard and getting their products verified by FIFA, the E-Textiles market in the sports and fitness industry is expected to grow at a healthy rate. Owing to these factors, defense and sports segments are expected to dominate the global E-Textiles market in the future.

Geographical Analysis

The Global E-Textiles market is segmented by geography into

• North America,

• Europe,

• Asia Pacific,

• South America

• Rest of the world.

Competitive Trends

• Some of the major players in this market incorporate competitive strategies like mergers and acquisitions to retain their market competitiveness.

• For instance, in November 2018, Jabil collaborated with Recovery Force to advance next-generation wearable medical technology.

• Similarly, in January 2018, Sensoria and Vivobarefoot, a premium barefoot shoe company launched the VIVOBAREFOOT smart shoe, the first IOT enabled smart shoe.

The scope of the Report:

• The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles. The Global E-Textiles Market is segmented based on the type of electronic devices as classical electronics and modern electronics.

• Based on the end user application, the market is segmented as a defense, sports and fitness, healthcare, household textiles, and others. Based on geography the market is segmented into – North America, South America, Europe, Asia Pacific and Rest of the World (ROW).

• The report profiles the following companies – Jabil, Ohmatex, Schoeller Switzerland, Sensoria, Texas Instruments, Dupont, Interactive Wear AG, Textronics and Google Inc.

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