Global E-Textile Market Size, Share & Trends Report, by Type (Nanotechnology, and BLE Technology) , and by Application (Military & Defense, Architecture, Sports & Fitness, Transportation, Fashion & Entertainment , Healthcare and Others) Forecast (2022-2028)

The global e-textile market is anticipated to grow at a significant CAGR 2% during the forecast period (2022-2028). The growing textile industry owing to an increase in government investments coupled with government initiatives is anticipated to drive the growth of the global e- textile market. According to the data published by India Brand Equity Foundation (IBEF) in 2022, the textile industry has witnessed a surge in investments during the last five years. The industry attracted foreign direct investment (FDI) worth $3.93 billion from April 2000 to December 2021. Under the Union Budget 2022-2023, the total allocation for the textile sector was $1.62 billion. Out of this, $17.5 million is for the textile cluster development scheme, $13 million for National Technical Textiles Mission, and $1.96 million for Mega Integrated Textile Region and Apparel parks scheme and the production linked incentive scheme.

Further, in 2021, the Ministry of Textiles approved the continuation of the comprehensive handicrafts cluster development scheme with a total outlay of $21.3 million. Through this mission, the government aimed to support domestic SMEs and local artisans. Thus, such investments are anticipated to drive the growth of the global cashmere scarf market. Moreover, the companies in textiles are using technology to optimize the value chain. For instance, in October 2021, Welpsun India introduced wel-Trak 2.0, patented end to end traceability technology to track textile raw materials throughout the supply. Thus, such huge investments coupled with government initiatives are anticipated to fuel the demand for the global e-textile market.

Looking toward the demand for e-textile, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in January 2019, Karly Mayer had launched Textile Circuit that works on warp knitting technology to produce innovative e-textiles. In this project, multibar raschel machines are used with and without a jacquard facility to incorporate conductive yarns directly into the textile during the manufacture. Thus, such launches are anticipated to drive the growth of the global e-textile market during the forecast period.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Fibretonic Ltd., Interactive wear AG and Nike Inc among others

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global E-Textile Market Report by Segment

By Type

• Nanotechnology
• BLE Technology

By Application

• Military & Defense
• Architecture
• Sports & Fitness
• Transportation
• Fashion & Entertainment
• Healthcare
• Others