Conductive Textiles Market
Conductive Textiles Market (Product Type - Woven, Non-woven, Knitted, Wool; End-use Industry - Healthcare, Military & Defence, Sports & Fitness, Consumer Electronics, Aviation, Automotive; Fabric Type - Cotton, Nylon, Polyester, Wool) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022
Press Release :
The conductive textiles market is set for rapid growth in the coming years. Conductive textiles provide benefits that have become utile in a number of sectors following steady technological progression and the rising use of electronics in a number of sectors. The benefits of conductive textiles lie in their diverse utility and simple structure. Conductive textiles can be prepared from a number of materials and can serve utile purposes in several industries. Rising adoption in the fitness apparel industry is likely to be a key growth driver for the global conductive textiles market. The military and defense sector is also likely to remain a major contributor to the conductive textiles market. Novel application sectors are also likely to come up for the global conductive textiles market due to their diverse utility.
Conductive textiles are a combination of fabrics woven with metal or carbon strips to increase their conductivity. Conductive textiles can be used to shield objects, including humans, against electromagnetic interference. The conductivity of the textiles can be brought about by the use of either conductive yarn or conductive coatings, with the requirements of the end use deciding the material used to produce the textile.
According to Transparency Market Research, the global conductive textiles market is likely to exhibit a robust rise from its 2017 valuation of close to US$1.7 bn over the 2017-2022 forecast period.
Rising Demand for Sensory Apparatus in Sports and Fitness Apparel
One of the key demand drivers for the global conductive textiles market is the rising demand for clothing that can sense various biomarkers in the user. The rising preference for exercise and physical fitness activities from urban users, who are becoming increasingly aware about the importance of physical activity, has led to the production of specialized clothing fitted with sensors that can monitor the user’s heart rate, body temperature, etc. Such sensors require conductive textiles to gather accurate user data.
Steady Drive towards Smart Militaries Drives Demand for Conductive Textiles
The military and defense sector is likely to remain a leading demand contributor to the global conductive textiles market in the coming years. The rising use of electronic sensors in modern military outfits has led to demand for conductive textiles. The growing focus on incorporating technological advances in military technology in order to gain a tactical advantage is likely to drive demand from the conductive textiles market in the coming years, with many countries opting to concentrate on technology rather than manpower to increase their military capabilities.
North America to Dominate Global Conductive Textiles Market
The steady presence of several innovators in the electronics and semiconductor industry and the rising presence of several application sectors of the conductive textiles industry is likely to drive the same in the region in the coming years. The North America market’s valuation is expected to rise to US$445 mn by 2022 at a 5.5% CAGR between 2017 and 2022. Europe and APEJ are also likely to remain key markets for players in the conductive textiles sector due to the steady demand for military modernization initiatives in both regions.
By product type, the others segment accounted for more than a quarter of the global conducive textiles market and is likely to remain the leading contributor to the market through the 2017-2022 forecast period, accounting for 25.7% of the market by 2022. The absolute growth in valuation of the others segment is expected to be the highest of all segments of the global conductive textile market over the 2017-2022 forecast period.
Leading players in the global conductive textiles market include Bekaert Inc., Seiren Co. Ltd., Toray Industries, Inc., Laird Plc, and Parker Chomerics. The market is likely to be dominated by innovators in the coming years, with promising product innovations likely to receive steady demand from various application sectors.
Global Conductive Textile Market: Overview
The global conductive textile market is analyzed in detail in the new report from Transparency Market Research (TMR). The report offers insights on the growth of the market during 2012-2016, offering forecasts for the period 2017-2022. The conductive textile market lies at the crossroads of the textile and electronics industry and has emerged as a vital sector in recent years in widespread applications. The diverse application segments of the global conductive textile market are examined in the report and the market’s performance in various regional segments is also examined in order to provide a complete perspective on the growth trajectory of the market.
Global Conductive Textile Market: Dynamics
The major drivers and restraints affecting the trajectory of the global conductive textiles market are examined in the report. Due to the involvement of two industry sectors, the global conductive textiles market witnesses a complicated growth trajectory affected by a number of factors. The diversity of applications of conductive textiles is the key driver for the global conductive textiles market, as it is likely to ensure steady growth of the market in the coming years. The rising use of electronic sensors for a variety of applications is likely to drive the demand from the conductive textiles market, as the utility provided by electronic sensors in accurately measuring various markers in real time has propelled their adoption in a number of sectors.
The rising use of biomarker monitors in the healthcare industry and the personal fitness sector is likely to remain a key driver for the global conductive textiles market in the coming years. The rising awareness among various population demographics about health and fitness has driven the adoption of biomarker monitoring devices such as heart rate monitors and step counters, aided by the rising disposable income of urban consumers, at whom these products are primarily aimed. Smartphone integration has also aided the adoption of healthcare monitoring devices, as recording and tracking data has been made easier by the innovation. The role of conductive textiles in this endeavor is likely to rise at a tremendous pace in the coming years.
Rising expenditure on military modernization is likely to result in considerable investment in the conductive textiles sector. Modern militaries utilize electronics extensively, leading to conductive textiles becoming highly useful for them in several applications. Conductive textiles are likely to be used in personal clothing as well as several other technical applications in the military and defense sector in the coming years, leading to steady growth in demand.
Global Conductive Textile Market: Segmentation
Leading end users in the conductive textiles market include the military and defense sector, healthcare, sports and fitness, consumer electronics, and other relatively minor end users such as the automotive industry, the aviation sector, and architecture. Nevertheless, automotive applications of conductive textiles could rise in the coming years due to the growing demand for incorporation of driver monitoring sensors, which could lead to the use of conductive textiles in car seats.
Geographically, North America is likely to remain the dominant force in the global conductive textiles market, with the market expected to exhibit a solid 5.5% CAGR over the 2017-2022 forecast period. The North America conductive textiles market’s valuation is expected to rise from US$340.3 mn to US$445 mn over the 2017-2022 forecast period. Europe is also likely to be a leading consumer of conductive textiles over the forecast period, with the market expected to rise to a valuation of US$340.6 mn by 2022.
Global Conductive Textile Market: Competitive Dynamics
The key companies profiled in the report include Eeonyx Corporation, Laird, PLC, Seiren Co. Ltd, Metal Textiles Corporation, Parker Hannifin Corporation, Toray Industries, Inc., Swift Textile Metallizing, LLC, and 3M.