Electronic Textile and Smart Clothing Trends and Forecast
The future of the global electronic textile and smart clothing market looks promising with opportunities in the military & defense, sport & fitness, fashion & entertainment, healthcare, and mining markets. The global electronic textile and smart clothing market is expected to reach an estimated $28.9 billion by 2030 with a CAGR of 24.3% from 2024 to 2030. The major drivers for this market are growing demand in the sports and fitness globally, increasing demand for physical activity monitoring, and rising demand for comfort and convenience.Electronic Textile and Smart Clothing by Segment
The study includes a forecast for the global electronic textile and smart clothing by textile type, product type, end use, and region.Electronic Textile and Smart Clothing Market by Textile Type [Shipment Analysis by Value from 2018 to 2030]:
- Active Smart
- Passive Smart
- Ultra-Smart
Electronic Textile and Smart Clothing Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
- Upper Wear
- Lower Wear
- Innerwear
- Others
Electronic Textile and Smart Clothing Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Military & Defense
- Sports & Fitness
- Fashion & Entertainment
- Healthcare
- Mining
- Others
Electronic Textile and Smart Clothing Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Electronic Textile and Smart Clothing Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electronic textile and smart clothing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electronic textile and smart clothing companies profiled in this report include:- Adidas
- Ohmatex
- Peratech
- Infineon Technologies
- Clothing+
- Fibretronic
- Weartech
- Tektronix
- Auxetix
- Eriksen
Electronic Textile and Smart Clothing Market Insights
The report forecasts that active smart is expected to witness the highest growth over the forecast period.Within this market, sports & fitness is expected to witness the highest growth.
North America is expected to witness highest growth over the forecast period due to growing demand in the region for fitness and health tracking wearable clothing in addition.
Features of the Global Electronic Textile and Smart Clothing Market
- Market Size Estimates: Electronic textile and smart clothing market size estimation in terms of value ($B).- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Electronic textile and smart clothing market size by textile type, product type, end use, and region in terms of value ($B).
- Regional Analysis: Electronic textile and smart clothing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different textile type, product type, end use, and regions for the electronic textile and smart clothing market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electronic textile and smart clothing market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the electronic textile and smart clothing market size?Answer: The global electronic textile and smart clothing market is expected to reach an estimated $28.9 billion by 2030.
Q2. What is the growth forecast for electronic textile and smart clothing market?
Answer: The global electronic textile and smart clothing market is expected to grow with a CAGR of 24.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the electronic textile and smart clothing market?
Answer: The major drivers for this market are growing demand in the sports and fitness globally, increasing demand for physical activity monitoring, and rising demand for comfort and convenience.
Q4. What are the major segments for electronic textile and smart clothing market?
Answer: The future of the global electronic textile and smart clothing market looks promising with opportunities in the military & defense, sport & fitness, fashion & entertainment, healthcare, and mining markets.
Q5. Who are the key electronic textile and smart clothing market companies?
Answer: Some of the key electronic textile and smart clothing companies are as follows:
- Adidas
- Ohmatex
- Peratech
- Infineon Technologies
- Clothing+
- Fibretronic
- Weartech
- Tektronix
- Auxetix
- Eriksen
Answer: The report forecasts that active smart is expected to witness the highest growth over the forecast period.
Q7. In electronic textile and smart clothing market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to growing demand in the region for fitness and health tracking wearable clothing in addition.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisherl provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the electronic textile and smart clothing market by textile type (active smart, passive smart, and ultra-smart), product type (upper wear, lower wear, innerwear, and others), end use (military & defense, sports & fitness, fashion & entertainment, healthcare, mining, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Electronic Textile and Smart Clothing Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Adidas
- Ohmatex
- Peratech
- Infineon Technologies
- Clothing+
- Fibretronic
- Weartech
- Tektronix
- Auxetix
- Eriksen
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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