Live Theater Session: Functional Fabric / E-Textile Sensors and Sensor-Based Systems…New Tools for the Product Designers’ Toolbox
Session details:
The presentation will provide pragmatic guidance to both existing market participants as well as to new and potential entrants to this truly disruptive technology of Functional Fabrics/E-textiles. These technologies are enabling new product creation for fast-growing market opportunities and are estimated to grow at greater than 20% CAGR between 2025 and 2032 reaching a total greater than $34B (US) by 2032.
The following topics will be addressed:
· situational analysis
· market size vs. time
· driving factors for adoption
· application opportunities (highlighting wearables)
· review of current products and applications
· overview of research being conducted at university and research labs
· critical success factors
· recommended strategies and tactics to achieve commercialization success
The presentation will conclude by opining that the Functional Fabric / E-Textile community should consider adopting a “commercialization report card” approach similar to the one used since 1998 by the MEMS Commercialization Report Card which graded various critical success factors for successful commercialization and emulating the approach which has guided MEMS industry participants to best navigate all of the challenges that it has faced and has successfully overcome.