Global E-Textiles Market Will Grow At Highest Pace Owing
The global e-textiles market covers a wide range of textile materials that have been equipped with digital, interactive, and smart functionalities. These smart fabrics have the ability to sense environmental stimuli such as temperature, moisture, pressure, and can respond accordingly. Key products offered in the market are smart garments, electronic and smart fabrics. Smart garments such as smart shirts and jackets integrated with sensors generate valuable biological and physiological data about the wearer. The major advantages of e-textiles are that they are lightweight, comfortable and enhance mobility. The growing popularity of wearable devices for healthcare, fitness and other applications is propelling the demand for e-textiles globally.
The Global E-Textiles Market is estimated to be valued at US$ 6.45 Bn in 2024 and is expected to exhibit a CAGR of 8.1% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the global e-textiles market include Alphabet, DuPont, Jabil, Sensoria, AIQ Smart Clothing, Adidas, Interactive Wear, Hexoskin, Gentherm, Outlast Technologies, Clothing+, Bally Ribbon Mills, ADETEXS, Embro Tech. These companies are focusing on developing advanced e-textiles and smart garments integrated with the latest technologies.
The Global E-Textiles Market Demand is growing rapidly from the healthcare sector as remote patient monitoring using e-textiles helps improve clinical outcomes. Sports and fitness industries are also adopting smart garments integrated with biometric sensors to track health vitals, enabling better performance monitoring for sportspersons and athletes.
Technological advancements such as miniaturization of electronics, development of efficient power sources, and integration of multiple smart components into textiles are expanding the potential applications of e-textiles in various end-use industries.
Market trends
There is a growing trend of utilizing e-textiles for therapeutic applications such as compression garments and thermoregulating textiles. These smart materials can treat medical conditions by controlling temperature and pressure. Another key trend is the development of internet-of-textiles technology through integration of e-textiles with IoT. This allows textile structures to become intelligent and interactive.
Market Opportunities
The rising demand for technologically advanced wearables from healthcare, defense, sports and industrial sectors presents significant opportunities for e-textiles manufacturers. Growing focus on integrating new functionalities such as biometric monitoring, real-time health diagnostics, and communication capabilities also offers lucrative prospects. Development of smart garments for infection control using antimicrobial e-textiles is another major opportunity in the market.
Impact of Covid-19 on Global E-Textiles Market
The onset of the Covid-19 pandemic had a significant impact on the global e-textiles market. With supply chains disrupted and production facilities shut down during strict lockdowns enforced globally, key manufacturers saw a sharp decline in revenues and sales volumes. On the demand side as well, reduced discretionary spending by consumers and closed retail stores meant that adoption of new e-textiles products witnessed a major slowdown. However, as lockdowns eased in 2021, production and distribution networks resumed operations at faster pace. Many companies also shifted their focus to developing new e-textiles incorporating health and wellness features like body temperature monitoring, which saw increased relevance during the pandemic. As economies rebounded from recession and consumer confidence regained ground, demand for advanced e-textiles incorporated in fitness trackers, smart garments and medical textiles rebounded strongly. Going forward, e-textile companies will need to strengthen supply chain resilience, develop localized manufacturing capacity and integrate latest technologies to cater to evolving needs in a post-COVID world.
Geographical Regions with Highest Value Share in Global E-Textiles Market
North America currently accounts for the largest share of the global e-textiles market in terms of value, led by presence of innovative startups and established brands in the US and Canada. Early adoption of wearable technologies, growing health awareness and high disposable incomes support high spending on smart garments and related products in the region. Moving forward, Asia Pacific is expected to witness the fastest gains and emerge as the new global leader. This can be attributed to large population, rising living standards, strong manufacturing base and policy support for development of technological textiles in countries like China, South Korea and India. Government initiatives to increase domestic value addition through Make in India campaign will catalyze growth of e-textiles industry in Asia Pacific over the coming years.
Fastest Growing Region in Global E-Textiles Market
Asia Pacific region is projected to be the fastest growing market for e-textiles during the forecast period from 2024 to 2031. This can be attributed to rising health awareness among consumers, increasing technology adoption in daily lives from fitness to healthcare, higher population and massive opportunities in developing countries. China spearheads the Asia Pacific market due to robust manufacturing base, government support for innovative industries and presence of global brands. However, India is expected to surge ahead and emerge as the new growth engine. This is backed by initiatives like Digital India, Smart Cities project and production-linked incentive schemes which are catalyzing domestic manufacturing of smart fabrics and wearables in the country. Reduced trade barriers, innovation ecosystem and young demographics provide a compelling growth environment for e-textiles industry in India.
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