Global Electronic Textiles Market 2020-2024: Market Expected to Grow at a CAGR of Over 18% – Major Suppliers are AiQ Smart Clothing Inc., BAE Systems Plc and Carré Technologies Inc.
The e-textile market is set to grow by $ 1.85 billion between 2020-2024, progressing at a CAGR of over 18% during the forecast period.
The demand for wearable health monitoring devices is one of the major drivers of the electronic textile market, which helps the suppliers to improve their position in the market. Moreover, this market report also provides information about the skills and capabilities of major vendors along with the details of the product they are offering. Factors such as the demand for wearable health monitoring devices will help companies create strategies to make the most of future growth opportunities.
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37% of the market growth will come from North America during the forecast period. The United States and Canada are the key markets for the e-textile market in North America. The growth of the electronic textile market in this region can be attributed to the increasing number of lifestyle related diseases.
Technavio offers three forecast scenarios (optimistic, probable and pessimistic) given the impact of COVID-19. Technavio’s extensive research has had a direct and indirect impact on COVID-19 market research reports.
To know the key opportunities and growth of the electronic textile market in the dispenser industry
The electronic textile market is segmented by end user (military and defense, architecture, sports and fitness, transportation and others) and geographic (North America, Europe, APAC, South America, and MEA).
The e-textile market is concentrated and to make the most of the opportunities, sellers should focus on the growth prospects in the fast growing segments, while maintaining their positions in the slow growing segments.
Key market dynamics:
- Strong demand for portable health monitoring devices
- Increase in the number of lifestyle-related illnesses
- Increased awareness of a healthy lifestyle
- High manufacturing cost
- Integration of electronic components in textiles
- Lack of awareness leading to limited confidence in e-textiles
- AiQ Smart Clothing Inc.
- BAE Systems Plc
- Carré Technologies Inc.
- DuPont de Nemours Inc.
- Jabil Inc.
- Ohmatex AS
- Schoeller Textil SA
- Sensoria inc.
- Vista Medical Ltd.
- Xenoma Inc.
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Main topics covered:
- Market landscape
- Market sizing
- Five forces analysis
- Market segmentation by end user
- Customer landscape
- Geographic landscape
- Supplier landscape
- Supplier analysis
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