E-textile Market Segmentation, Manufacturing Cost Analysis including Key Raw Materials, Price Trend, Key Suppliers and Forecast 2022
The report “E-textile Market” describes the full value chain, looking from the material and component options, to the manufacturing challenges, through to the applications, markets and key end users.
Dallas, United States – January 30, 2018 /MarketersMedia/ —
Global E-Textile Market to grow at a CAGR of 25.09% during the period 2018-2022.
E-textiles are integrated with electronic components such as sensors for different application in heat management, health monitoring, illumination, communication, sensing, and other related uses. Smart textiles are available in the wearable form of gloves, coats, T-shirts, and sportswear.
Commenting on the report, an analyst from team said: “The latest trend gaining momentum in the market is the declining cost of wearable technology. With the growing preference for wearable electronic devices and the emergence of several companies introducing innovative products, the level of competition among wearable device manufacturers will further intensify. This, coupled with the changing preference of consumers, will induce players to reduce the cost of their products. This will in turn, increase the sales of wearable devices, offering growth opportunities to players in the e-textile market.”
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Covered in this report
The report covers the present scenario and the growth prospects of the global e-textile market for 2018-2022. To calculate the market size, the report considers the considers the revenue generated from various applications of e-textiles, which includes passive e-textile, active e-textile, and ultra-smart textile, in end-user industries such as military and defense, sports and fitness, architecture, medical and healthcare, transportation, and fashion and entertainment.
Further, the report states that one of the major factors hindering the growth of this market is High manufacturing cost. E-textiles are priced much higher than regular textiles as these products involve the incorporation of electronic components and technologies such as nanotechnology and BLE technology. The high R&D investments required for the development of these products also add to the end cost. Products based on advanced technologies such as nanotechnologies and BLE technology are integrated into woven fabrics or textiles for developing e-textiles. The production cost of these fabrics increased over the years with the growing demand for woven textiles and fabrics.
Read more details of the Global E-Textile Market report at: http://orbisresearch.com/reports/index/global-e-textile-market-2018-2022
Key vendors
Jabil
Ohmatex
Schoeller Switzerland
Sensoria
Market driver
The demand for health-monitoring wearables
For a full, detailed list, view our report
Market challenge
High manufacturing cost
For a full, detailed list, view our report
Market trend
The declining cost of wearable technology
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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Companies Mentioned:
Jabil, Ohmatex, Schoeller Switzerland, and Sensoria
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