Conductive Textiles Market Size, Share, Industry Analysis and Global Forecast to 2027
Conductive Textiles Market Size – USD 4.86 Billion in 2019, Market Growth - CAGR of 10.8%, Market Trends – High demand in military and healthcare sector.
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.
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.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3192
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.
Top 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.
The COVID-19 impact:
The COVID-19 pandemic is likely to disrupt the industry’s growth to a certain extent. Major industry players are skeptical about the future of the market and are trying to redesign their strategies for sustaining in this difficult situation. The pandemic had affected its end-user industries like sports or automobile, and companies of these sectors have been forced to stop production as well as other operations. There is a shortage of manpower due to repeated lockdowns in several parts of the world. COVID-19 has affected international trade, exports and imports, and consequently, the demand in the industry has also largely reduced. The major companies are trying to clear their stocks, and they are focusing on maintaining their cash balances. This pandemic poses an opportunity for the industry’s growth since the demand from healthcare sector would further grow. The average disposable income of people is likely to decrease and manufacturers are trying to come up with innovative solutions that can cater to the present needs of customers.
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 M&A in the industry in 2019 like Toray Industries Inc acquiring Alva Sweden AB and Parker Hannifin Corporation acquiring LORD Corporation.
Download Summary Report @ https://www.reportsanddata.com/download-summary-form/3192
Industry players in the Conductive Textiles market are adopting the strategy of forward integration to cater increasing product demand and to enhance their footprint in the global market.
This market report provides details of new recent developments, import export analysis, trade regulations, production analysis, value chain optimization, market share, analyses opportunities in terms of emerging revenue pockets, impact of domestic and localized market players, changes in market, trends, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. The report offers insights into key factors influencing the revenue growth of the segment and provides information about lucrative investment opportunities to stakeholders, investors, and clients.
North America is expected to dominate the global materials and chemicals market landscape in during the forecast period owing to the strong presence of prominent industry players in this region.
APAC is projected to be the fastest growing Conductive Textiles market globally. The increasing manufacturing and export over the past years has led several global leading companies to not only make huge investments in the region’s chemical sector but also set up their own manufacturing sites to increase their presence in this emerging market.
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
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/3192
Regional Outlook (Revenue, USD Billion; 2020-2027)
- North America
- Asia Pacific
- Latin America
Explore Reports and Data's Prime Analysis of the global Materials and Chemicals Industry:
Biorationals Market Share @ https://www.reportsanddata.com/report-detail/biorationals-market
Protective Textiles Market Growth @ https://www.reportsanddata.com/report-detail/protective-textiles-market
Oxymatrine Market Forecast @ https://www.reportsanddata.com/report-detail/oxymatrine-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports