Strong Demand for Wearable Health Monitoring Devices: Impact on Electronic Textile Market in Vending Industry Post-Pandemic Industry Planning Structure
Businesses will go through the response, recovery and renewal phases.
Download: Five Forces Analysis of Electronic Textile Market
The electronic textile market will experience a neutral impact during the forecast period due to the widespread growth of the COVID-19 pandemic.
With the continued spread of the novel coronavirus pandemic, organizations around the world are gradually flattening their recession curves by taking advantage of technology. Many businesses will go through phases of response, recovery and renewal. Building business resilience and agility will help organizations move forward from the COVID-19 crisis to the next normal.
This post-pandemic business planning research will help customers:
- Adjust their strategic planning to move forward once the stability of the business is in place.
- Build resilience by make efficient resource and investment choices for individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Key considerations for market forecast:
- Impact of bottlenecks, supply chain disruptions, destruction of demand and changing customer behavior
- Optimistic, probable and pessimistic scenarios for all markets as the impact of the pandemic unfolds
- Market estimates before and after COVID-19
- Quarterly impact analysis and update of market estimates
Related report on the consumer discretionary industry:
Three main players in the electronic textile market:
AiQ Smart Clothing Inc.
AiQ Smart Clothing Inc. operates under the segments BioMan +, AiQ-Synertial, RFID laundry tags, textile cables, and design and consulting services. The company offers smart textile solutions such as Bio Male, Motion capture, Textile cable and others.
BAE Systems Plc
BAE Systems Plc operates in the Electronic Systems, Cyber and Intelligence, Platforms and Services (US), Air and Maritime segments. The company offers fabrics for smart clothing such as Broadsword Spine.
Carré Technologies inc.
Carré Technologies Inc. offers non-invasive sensors, software, data science and AI services to the global market. The company also provides Hexoskin Smart Clothing Monitor.
E-textile market 2021-2025: Segmentation
The electronic textile market is segmented as follows:
- Final user
- Military and Defense
- Sports and fitness
- North America
- South America
- Passive e-textile
- Active e-textile
- Ultra-intelligent textile
The electronic textile market is driven by the high demand for portable health monitoring devices. In addition, the increasing adoption of BLE technology and the miniaturization of electronic components are also expected to trigger the electronic textile market towards a CAGR of nearly 29% during the forecast period.
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