Global E-textiles Market: Electronic textiles are innovative textile materials, (fabrics, yarns and threads), that incorporate conductive fibres or elements directly into the textile itself. It contains electronic components and interconnectivity in electronic components. If it is combined with electronic components it can sense changes in its environment and respond by giving off light, sound or radio waves. Components and interconnections are a part of the fabric and thus are much less visible and are not susceptible to become tangled together or snagged by the surrounding environment. Electronic textiles allow little bits of computation to occur on the body. They usually contain conductive yarns that are either spun or twisted and incorporate some amount of conductive material to enable electrical conductivity. E-textile electronic fabrics convert energy from sunlight, body temperature, and motion energy into electrical energy. Development in electronic textile industries supports the trend of wearable computing, or electronic devices operated into garment designs.
Technological advancements in wearable technology coupled with its rapid growth rate are majorly propelling the market growth of e-textiles. Furthermore, e-textiles are emerging inter disciplinary field of research, bringing together researchers and specialists in information technology, microsystems, materials and textiles. In addition, increasing R&D activities by prominent manufacturers for development of cost-effective e-textile products and cheap manufacturing of the e-textiles are other factors expected to fuel growth for the global E-textiles market over the forecast period.
However, high cost of e-textile products and lack of production capability for bulk manufacturing are key factors restraining growth of the global e-textiles market. Additionally, availability of number of patents in e-textiles industry by e-textile inventors and universities is another factor hampering growth of the global e-textiles market over the forecast period.
The global e-textiles market is segmented on the basis of type, application, and region. The regions covered are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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North America market accounted for highest revenue share contribution, owing to rising demand of e-textile products in healthcare, and sports & fitness sectors, followed by Europe. The market in Asia Pacific is expected to expand with the highest CAGR of XX.X% over the forecast period. This can be attributed to emerging economies in the Asia Pacific region such as India, China, and Japan becoming manufacturing hubs for e-textile products, owing to availability of cost-effective labor and materials in the region.
Key players in the global e-textiles market Fibretronic Ltd., Accenture PLC, Apple Inc., AiQ Smart Clothing Ltd., Adidas AG, Clothing Plus Ltd., Interactive Wear AG, Ohmatex ApS, Fujitsu Limited, and F. Hoffmann-La Roche AG.