The Global Conductive Textiles Market is projected to gain a market revenue of USD 10.92 billion in 2027. The increasing demand for advanced technology-enabled smart wearables from military defense, healthcare, and sports fitness sector is driving the market’s growth.
Conductive textiles are fabrics that can conduct electricity and are made with metals like gold, carbon, titanium, nickel, silver, and copper. The global conductive textiles industry consists of fabrics of different composition which are coated and transformed into conductive textiles. These textiles possess properties like low contact resistance, high adhesive force, softness, malleability, and have the ability to shield electromagnetic interference.
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The increase in usage of conductive textiles in military uniforms as in medical devices is likely to drive the market growth. Apart from this rising demand from sports and fitness sector might play a crucial role in the growth of the industry during the forecast period. Rising investments, focus on research and development, technological advancements in developing countries and growing demand of smart fabrics or wearables are key factors behind the industry’s progress. Conductive textiles are being used in healthcare sector for monitoring health conditions of patients. Heated covers and textiles are being used now to control and monitor pulse of patients. Investment in the defense sector is also increasing, and the adoption of advanced uniforms is predicted to fuel the market’s growth during the forecast period.
Manufacturing of conductive textiles requires extensive research and development, which increases the cost of production. The manufacturing practices which are utilized in producing other types of textiles are incapable of producing this variant of textile. Thus the cost involved in the manufacturing process increase leading to high prices of such products. The process of integrating electronic devices with garments is quite cost intensive. Thus major players of the industry are trying to come up with advanced production technologies in order to make the prices of the products affordable to middle class consumers.
Key players in the market include Parker Chomerics, Toray Industries Inc, Laird PLC, Seiren Co. Ltd., Bekaert, Holland Shielding Systems B.V, Shieldex, 3M, Emei (HK) Electronics Ltd. and Metaline.
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Further key findings from the report suggest
- Conductive textiles made of polyester registered a revenue share of 33.4% in 2018 and is predicted to have significant growth during the forecast period. This type of fabric is strong and resistant, making it suitable for making jackets and sportswear.
- The Non-Woven type of textile is predicted to witness steady growth due to its increasing demand from military, healthcare and automobile sectors.
- Conductive textiles are used in antimicrobial wearables and clear room supplies which have the ability to detect and treating chronic diseases like cardiovascular and respiratory problems, diabetes, neurological disorders. Thus the healthcare sector would play a crucial role in the industry’s growth during the forecast period.
- Europe and North America have been consistent consumers of the conductive textile products because of high rate of adoption of.technologically advanced products. Countries like USA and Germany have advanced infrastructure and technology thus making them hubs of manufacturing these type of textiles.
- There have been a number of new product launches in the market amongst which polyester filament fabric ‘Kinari’ by Toray Industries Inc, EMI Shielding Gaskets and Electrically Conductive Heat Shrinkable Tubing by Parker Chomerics, conductive fabrics by Shieldex require special mention.
- There have been a number of MA in the industry in 2019 like Toray Industries Inc acquiring Alva Sweden AB and Parker Hannifin Corporation acquiring LORD Corporation.
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For the purpose of this report, Reports and Data have segmented into the global Conductive Textiles Market market on the basis of Fabric Type, Type, Application and region:
Fabric Type Outlook (Revenue, USD Billion; 2020-2027)
Type Outlook (Revenue, USD Billion; 2020-2027)
- Woven Conductive Textiles
- Non-Woven Conductive Textiles
- Knitted Conductive Textiles
Application Outlook (Revenue, USD Billion; 2020-2027)
- Military Defense
- Sports Fitness
- Consumer Electronics
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Regional Outlook (Revenue, USD Billion; 2020-2027)
- North America
- Asia Pacific
- Latin America
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