From $2.5 billion in 2024, the global e-textile market is poised to grow to $6.8 billion by 2030, according to the latest report from HTF MI. From its original value of $1.1 billion in 2019, the market is expected to expand at a CAGR of 19 per cent from 2019-2030, as per the report.
As per the report, this growth will be driven by a rising demand for e-textiles from industries such as healthcare, sportswear, and consumer electronics. These smart textiles offer innovative solutions ranging from health monitoring to interactive wearable devices, fueling demand and driving market expansion.
Leading players such as Adidas, DuPont, Smart Fabric, Google, Microsoft, Nike, and Samsung are expected to drive this market growth. The report deeply analyses the operations of these company alongwith their financial performance, SWOT analyses and their role in advancing the e-textile market.
Emphasising on the transformative potential of wearable technology and smart fabric solutions, the report positions the e-textile industry as a hotspot for innovation and investment in the coming years. The sector is will redefine traditional textiles in future and expand its footprint across global markets.
