E-textiles market to reach over $2 billion

The market for e-textiles will reach over US$ 2 billion by 2029, according to the new version of the IDTechEx report E-textiles 2019-2029: Technologies, Markets and Players, which includes brand new data about e-textiles revenue. Many companies have existed for a long time in the industry by making the majority of their revenue from R&D or design contracts rather than necessarily from product revenue.

The main forecast in the report focuses on specific product revenue across different sectors (including biometric monitoring, heating, lighting and other e-textiles), but for the first time, this report includes additional historic data and short-term estimates for the total revenues of companies working in the space.

“Many of the companies in this emerging industry make the majority of their revenue on a project-by-project basis, with the component of consulting and R&D revenue often being more significant than just looking at products sold. In previous years, we have collated data to understand the volumes and revenues from product shipments in e-textiles,” said James Hayward, Principal Analyst at IDTechEx and lead author on the report.

“In this edition, we expanded on this to include historic data on all revenue from e-textiles companies, as well as representation of the different industries and product types from each player. The result is not only a projection of future opportunity in the space but also a detailed study of the current and short-term scenario for the current players in the industry today.”