The Global Conductive Textile Market was worth US$ 1.47 billion in 2023 and is anticipated to reach a valuation of US$ 3.45 billion by 2029 and is predicted to register a CAGR of 15.2% during 2024-2029.
Market Overview:
The growing call for fabrics and smart devices for tracking the physical condition of the population is predicted to be a key driver for the market. The escalated use of these products in the medical industry for health surveillance is predicted to augur well for the expansion of the industry. Furthermore, the easy recycling of these textiles is predicted to have a positive influence on the expansion of the industry. Conductive textile materials generally consist of organic polymers that are perfect insulators. However, due to the low electrical conductivity, an electrical charge builds up on the surface of organic polymers. Therefore, in order to prevent the accumulation of electric charge and improve the possibility of electric charge transfer and achieve an electromagnetic shielding effect, textile materials are converted into electric conductors using different methods. Conductive textiles are fabrics that can conduct electricity and have wide applications in heating textile sensors, communication clothing, and electrostatic discharge.
The growing awareness of the superior functionality and application of conductive textiles has led to the escalating adoption of textiles and related products in various end-use industries. Conductive fabrics are flexible, durable, light, and very resistant. The growing awareness of the features and benefits of using conductive textiles in smart textiles and wearable devices has driven calls worldwide.
Market Drivers:
The growing call from the military and healthcare sector is acting as a major driver of market expansion. The main drivers of the worldwide market for conductive textiles are the escalating use of these textiles in medical devices and portable equipment. The market for conductive textiles in Europe is predicted to gain ground due to technological advances and innovations in wearable technologies. Asia Pacific is the fastest-growing region in the worldwide market for conductive textiles. This expansion is mainly attributed to a strong call for conductive textiles from China, Japan, India and South Korea. Conductive textiles are employed in medical applications like patient monitoring. These textiles facilitate the transmission of data and energy in the medical and healthcare industry, thus driving the expansion of the global market for conductive textiles. Additionally, electric blankets and pulse monitoring textiles are in an escalating call, driving the worldwide market during the foreseen period.
Market Restraints:
The high cost of the finished product can affect the rate of adoption is a major factor slowing the expansion of the market. The incompatibility of manufacturing practices also acts as a brake on market expansion. The growing awareness of conductive textiles in various industries is driving market expansion. The main obstacles to the expansion of the worldwide market for conductive textiles are the high cost of finished products which has impacted the adoption of conductive textiles. The durability of the fabric can depend on the stretchability and the flexibility based on the end use can be a challenge for the worldwide market for conductive textiles.
Market Opportunities:
The market for conductive textiles will develop at a high expansion rate due to its escalating call from the military and defense sectors. Another factor contributing to market expansion is the expansion of the smart fabrics market, which has escalated the call for conductive textiles.
Market Challenges:
The fibers are coated or embedded with these conductive metals to form conductive fabrics. The high cost of these materials affects the price of conductive textiles. This leads to expensive end products, which can affect end-user acceptance of these products, especially in developing economies. Therefore, the high cost of final products may slow down the expansion of the market shortly.
REPORT METRIC |
DETAILS |
Market Size Available |
2023-2029 |
Base Year |
2023 |
Forecast Period |
2024-2029 |
CAGR |
15.2% |
Segments Covered |
By Type, End User, Region. |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa. |
Market Leaders Profiled |
Toray Industries, Inc., Laird, Seiren Co., Ltd., Bekaert, Hitek Electronic Materials Ltd., Emei (HK) Electronics Ltd., Shieldex U.S., AiQ Smart Clothing, Holland Shielding Systems BV, MarKTek Inc., Coatex Industries, Swift Textile Metalizing LLC, Jarden Applied Materials, Omega Shielding Products, 3M, Eeonyx, V Technical Textiles Inc., Metal Textiles Corporation, Zauba Technologies & Data Services Private Limited, and TIB TECH innovation. |
Market Segmentation:
The woven textile is the largest and most dynamic application segment of the worldwide conductive textile market. The flexibility and durability of woven textiles make them a preferred type of textile in various end-use industries.
The sports and fitness segment is predicted to grow at the highest CAGR between 2020 and 2025. Escalated awareness of the importance of sports and fitness is predicted to support the expansion of the global conductive textiles market.
Market Regional Analysis:
The Global Conductive Textile Market Report includes the segmentation of Regions with their respective Countries.
The Asia-Pacific market for conductive textiles is predicted to grow at the highest CAGR during the foreseen period. Factors like the escalating urbanized population in China and India and the growing awareness of the benefits and functionality of conductive textiles in these countries are predicted to drive the expansion of the conductive textiles market in the region. The Asia-Pacific is the fastest-growing region for the conductive textile market. The factors that have contributed to this expansion are rapid industrialization and the large-scale development and expansion of the manufacturing sector. There is a greater call for conductive textiles in developing countries like China, India, Japan and South Korea. Europe will dominate the market for conductive textiles for years to come. This advancement in the market can be attributed to factors like advances in wearable technology, as well as significant investments in R&D and constant innovations being introduced in this market. North America is the other influential market in terms of a growing call for conductive textiles. Regions like Latin America, the Middle East, and Africa foresaw significant market expansion in the coming years.
Competitive Landscape:
The worldwide market for conductive textiles has grown at a tremendous rate over the past decade. Also, the popularity of nylon in the manufacture of conductive textiles has also become a key trend in the world market. Therefore, cumulative revenue in the worldwide conductive textiles market is predicted to reach all-time highs in the coming years. Leading manufacturers are focusing on high-level research and technological advancements to produce conductive clothing with significantly improved performance and strength.
FAQ's
The conductive textile market is expected to grow with a CAGR of 15.2% between 2024-2029.
The conductive textile market size is expected to reach a revised size of US$ 3.5 billion by 2029.
Swift Textile Metalizing LLC, Jarden Applied Materials, Omega Shielding Products, 3M, and Eeonyx, are top key players in the conductive textile market.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]