The worldwide market for conductive textiles is predicted to grow from $ 1.28 billion in 2020 to $ 2.25 billion by 2025, with a CAGR of 15.2% from 2020 to 2025. The growing call for fabrics and smart devices for tracking the physical condition of the population are 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 call worldwide.
Recent Developments and Trends
Seiren Co. Ltd. is going to tap latest industries with its conductive fabrics that are both extremely conductive and flexible.
Worldwide Conductive Textile 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 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 escalating call, driving the worldwide market during the foreseen period.
The high cost of the finished product can affect the rate of adoption is a major factor slowing the expansion of the market. 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 that has impacted the adoption of conductive textiles. The durability of the fabric can depend on the stretch ability and the flexibility based on the end use can be a challenge for the worldwide market for conductive textiles.
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.
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 in the near future.
Worldwide Conductive Textile Market Segmentation:
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.
By end user:
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.
Worldwide Conductive Textile Regional Analysis:
The Worldwide Conductive Textile Report includes the segmentation of Regions with their respective Countries.
North America Worldwide Conductive Textile Industry includes U.S, Canada.
Europe Worldwide Conductive Textile Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.
Asia Pacific Worldwide Conductive Textile Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.
Latin America Worldwide Conductive Textile Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.
Middle East & Africa Worldwide Conductive Textile Industry includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.
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 growing call for conductive textiles. Regions like Latin America, the Middle East, and Africa foreseen significant market expansion in the coming years.
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.
Few of the major competitors currently working in conductive textiles market are 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 TIBTECH innovation.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Conductive Textiles Market, By Type
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Conductive Textiles Market, By End-User
6.2.1 Military & Defense
6.2.3 Consumer Electronics
6.2.4 Sports & Fitness
6.2.5 Market Size Estimations & Forecasts (2019-2024)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.2.3 By End-User
7.3.1 By Country
7.3.2 By Type
7.3.3 By End-User
7.4 Asia Pacific
7.4.1 By Country
7.4.2 By Type
7.4.3 By End-User
7.5 Latin America
7.5.1 By Country
7.5.2 By Type
7.5.3 By End-User
7.6 Middle East and Africa
7.6.1 By Country
7.6.2 By Type
7.6.3 By End-User
8. Key Player Analysis
8.1 Toray Industries, Inc
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Seiren Co., Ltd
8.5 Hitek Electronic Materials Ltd
8.6 Emei (HK) Electronics Ltd
8.7 Shieldex U.S
8.8 AiQ Smart Clothing
8.9 Holland Shielding Systems BV
8.10 3M Company
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures