Conductive Textiles Market: Global Industry Analysis And Forecast (2023-2029)

Conductive Textiles Market was valued at USD 2.45 Billion in 2022, and it is expected to reach USD 6.85 Billion by 2029, exhibiting a CAGR of 15.8% during the forecast period (2023-2029)

Conductive textiles are electrically conductive fabrics, which are utilised in a variety of industrial applications, primarily to reduce static and offer electromagnetic interference shielding. Organic polymers that are perfect insulators are typically used to make conductive textile fabrics. However, because organic polymers have low electrical conductivity, electrical load accumulates on their surfaces. Thus, numerous technologies are used to convert textile materials into electrical conductors in order to prevent the accumulation of electrical load, improve the potential of electrical load transmission, and produce electromagnetic shielding effect. Fibrous textile materials incorporating conductive fillers have been employed in a variety of applications in recent years, particularly in e-textiles and smart textiles. E-textiles can contain computing systems, digital components, and electronics.To know about the Research Methodology:-Request Free Sample Report

Growing population desire for smart textiles and smart wearables to measure fitness is expected to be a significant market driver. The increased usage of such devices for health monitoring in the medical business is likely to auger well for industry growth. Furthermore, the ease with which these fabrics may be recycled is expected to boost industry growth. The Global Conductive Textiles Market is segmented by fabric, product, application. Based on fabric, the market is segmented into cotton, nylon, polyester, and wool. Based on product, the market is segmented into woven, non-woven, and knitted. Based on application, the market is segmented into military & defense, healthcare, sport & fitness, consumer electronics, and others. Based on region, the market is segmented into North America, Asia Pacific, Europe, Middle East & Africa, and South America.

Research Methodology

The Global Conductive Textiles Market report provides an evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Based on the understanding of requirements, a secondary research is conducted to identify the segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market. The secondary source referred for the research are press releases, company annual reports, government websites, and research papers related to market. Moreover, quantitative and qualitative data is extracted from paid database like Reuters, Bloomberg, Hoovers, etc. The secondary research carried out at primary level is verified by primary research.

In the report, Porter examines competition, new entrants in the market, supplier power, buyer power, and the threats of the substitute products and services in the market. PESTLE identifies factors like political, economic, sociocultural, technological, legal, and environmental, that may affect an organization and its competitive standing. The main approach used to calculate accurate market size is bottom-up market sizing approach, where macro and micro view of all the potential customers, revenue and current market is considered as a whole. On the other hand, the research is also conducted by considering micro level segment that can be realistically targeted and calculated, which results in better forecasting and more accurate data on amore granular level. This approach is conducted by obtaining data from reliable sources like Gartner, McKinsey and the Bureau of Labor Statistics, and analysing multiple sources.
Conductive Textiles Market Dynamics
Conductive fabrics provide various advantages, including constant conductive conductivity, electromagnetic reflection qualities, and exceptional stretching and flexibility. These factors, together with increased knowledge of conductive fabrics, are important drivers for the conductive textiles industry. Growing population desire for smart textiles and smart wearables to measure fitness is expected to be a significant market driver. The increased usage of such devices for health monitoring in the medical business is likely to auger well for industry growth. Furthermore, the ease with which these fabrics may be recycled is expected to boost industry growth. Cotton emerged as one of the most important textiles used in the business in the United States, accounting for 15.7 percent of market sales in 2018. The segmented is expected to drive market expansion due to its increasing use for home and décor uses such as curtains and beddings to provide heat and sweat protection.

The adoption of environmentally benign graphene-based inks may open up new avenues for flexible and wearable electronics. It would assist by avoiding costly and harmful processing processes and would open up a whole new range of applications in healthcare, wellness, and the internet of things. Graphene has exceptional physical qualities that make it helpful in electronics, sensing, and energy storage. Its environmental friendliness, along with its high adherence to cotton, makes it perfect for wearable applications. This may also contribute to a rise in its usage in fitness and sports. The high cost of the completed product is seen as a key impediment to the growth of the conductive textile sector.

The increasing use of conductive textiles in medical devices, as well as the growth of conductive textiles employing graphene inks, are expected to provide new possibilities during the forecast period. Furthermore, increased consumer knowledge and health consciousness during the world are expected to open up new prospects. Consumers choose low-cost, high-quality items because exorbitant prices make things expensive for middle-class households. Offering a high-quality product at a reasonable price might be a significant problem for conductive textile makers. The upkeep of these textiles is tough and might provide additional obstacle for this industry.

The high cost of completed product might impact adoption rates and is a primary issue limiting market expansion. Some of the most widely utilised metals in conductive fabrics include copper, carbon, nickel, silver, gold, and titanium. Conductive textiles are made by coating or embedding fibres with certain conductive metals. The high cost of these materials has an impact on the cost of conductive fabrics. This results in high-priced finished products, which might have an impact on end-user acceptance, particularly in emerging nations. As a result, the high cost of finished goods may limit market growth during the forecast period.
Conductive Textiles Market Segment Analysis
Based on fabric, the market is segmented into cotton, nylon, polyester, and wool. In 2022, the second highest category was polyester-based conductive textiles, which accounted for 37.5 percent of total sales. Polyester fabric is extensively used because it is durable, resistant to most chemicals, and shrinks less than other fabrics. It is consequently utilised as a raw material for creating conductive wearables like as jackets and sportswear, which is expected to fuel development. Cotton has better breathability and gives better wearing comfort, making it ideal for the production of conductive fabrics. When graphene-based inks are infused with cotton fabric, they make conductive wearables that are free of hazardous ingredients and are environmentally beneficial.

In compared to cotton, nylon, and polyester, wool is expected to grow slowly during the forecast period, accounting for more than 7.8 percent of sales in 2021. Wool is not often used in the production of conductive textiles because it is a poor heat conductor and the weakest of all natural textile fibres. Nylon fabric has seen remarkable expansion in Asia Pacific as a result of rising demand and awareness in the region, as well as the presence of a significant garment manufacturing base. The conductive textiles market is expected to increase over the forecast period due to high demand for nylon in the manufacture of conductive textiles due to its higher strength and damage resistance.

Based on product, the market is segmented into woven, non-woven, and knitted. Woven textiles had the biggest revenue share of 49.2 percent in 2022 and is expected to retain its dominance during the forecast period. Because of their outstanding conductivity and shielding capability, these textiles are preferred by manufacturers all over the world. Non-woven textiles are expected to be the second most important, with considerable development due to their superior water repellent, abrasion resistant, and flame resistant properties. Furthermore, rising medical product demand is expected to drive market expansion over the forecast period.

Growing demand for non-woven goods in a variety of industries, including the military, healthcare, and automotive, has led in rapid growth for these items. Due to superior performance over replacements, Asia Pacific is expected to be the fastest expanding area for the aforementioned factors. The usage of knitted conductive fabrics in areas such as lifestyle, sports, medical, and construction is estimated to increase demand. Due to the presence of a smaller production and application sector base, the segment's growth is expected to be slower than that of woven and non-woven textiles.

Based on application, the market is segmented into military & defense, healthcare, sport & fitness, consumer electronics, and others. Military and defence emerged as a prominent category in 2021, contributing for more than 37.2 percent of sales. The growing usage of conductive wearables that can monitor the battlefield, track the soldier's health, and help in communication and temperature monitoring is expected to propel the segment forward. Military expenditure growth in emerging economies such as China, India, and Mexico is likely to be a significant contributor increasing conductive textile usage in the military and defence industries. Furthermore, political uncertainty during the world, along with the introduction of modern technology, is expected to fuel demand for the product for use in military and defence applications.

The healthcare end-use industry is the second biggest because to the product's widespread application in antimicrobial wearables and clean room supplies. These products can identify and treat chronic diseases such as cardiovascular disease, diabetes, respiratory difficulties, and neurological disorders, which will drive sector growth during the forecast period. Rising consumer health consciousness and exercise habits in emerging markets such as China and India are expected to drive demand for the industry in these countries.

Conductive fabrics are used in sports and fitness to measure sleep, calories consumed, heart rate, blood pressure, and other parameters. Increased health awareness among the worldwide population has resulted in a significant demand for conductive textiles in this industry. Furthermore, the anti-radiation and heat resistant qualities of these fabrics are expected to drive market growth over the forecast period. Consumer electronics makers prioritise the development of goods that are compact, thin, light, and dependable. Conductive fabrics are found in a variety of goods, including smart watches, augmented reality headsets, multimedia players with computer capabilities, and smart eyewear.
Conductive Textiles Market Regional Insights
During the forecast period, the Asia-Pacific region is expected to dominate the market for conductive fabrics. Demand for conductive textiles has been expanding in nations such as China, India, and Japan due to the increased use of smart fabrics in many industries. The Asia-Pacific region is home to the most conductive textile manufacturers. TORAY INDUSTRIES, INC, Arrow Technical Fabrics Private Limited, HYOSUNG, and Bekaert are among the top manufacturers of conductive textiles.

Increasing awareness among the Asian population about the usage of conductive wearables, as well as a shift toward health consciousness, are expected to boost the market growth during the forecast period. Furthermore, factors such as expanding population, better economic conditions, and thriving industrial sectors are expected to have a beneficial influence on industry growth. In 2019, China has increased its defence budget by 7.5 percent over the previous year to around Yuan 1.19 trillion (USD 177.61 billion), expanding the use of conductive yarns in smart textiles as part of technical innovation. The Defense Budget in India has increased by 6.87 percent from INR 2.98 lakh crore in 2019 to INR 3.18 lakh crore in 2020.

Europe emerged as the second most important region, accounting for 40.7 percent of total revenue share in 2021 and is likely to keep a major part of the market during the forecast period. Germany has the largest share of the European market due to its modern infrastructure and technology, automotive legacy, and highly qualified workforce. The nylon fabric dominated the product demand in North America due to its conductivity and superior protective performance. Furthermore, the existence of a large technology-based population and ongoing R&D activities are expected to drive product demand during the forecast period.

Because of the limited presence of the application industries, South America's proportion of the total market has been modest. The nylon fabric type is expected to dominate the Brazilian conductive textile market. Because of the growing awareness of nylon's smoothness and resilience, it is widely employed as a raw material in the production of conductive clothes.

The objective of the report is to present a comprehensive analysis of the global Conductive Textiles Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Conductive Textiles Market dynamic, structure by analyzing the market segments and projecting the Conductive Textiles Market size. Clear representation of competitive analysis of key players by segment type and regional presence in the Conductive Textiles Market make the report investor’s guide.
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Global Conductive Textiles Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US 2.45 Bn.


Forecast Period 2023 to 2029 CAGR:
15.8 %
Market Size in 2029:
US 6.85 Bn.


 Segments Covered:
by Fabric
Cotton
Nylon
Polyester
Wool


by Product
Woven
Non-Woven
Knitted


by Application
Military & Defence
Healthcare
Sports & Fitness
Consumer Electronics
Others



Conductive Textiles Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Conductive Textiles Market Key Players
1. Toray Industries Inc.
2. Laird PLC
3. Seiren Co. Ltd.
4. Bekaert
5. Hitek Electronic Materials Ltd.
6. Emei Group
7. Sheildex Trading, Inc.
8. AiQ Smart Clothing
9. Holland Shielding System
10.MarKTek Inc.
11.Coatex Industries
12.Swift Textile Metalizing LLC
13.Jarden Applied Materials
14.HFC Shielding
15.3M Company
16.Eeonyx
17.V Techinical Textiles Inc
18.Temas Engineering
19.Metal Textiles
20.Tibtech Innovations
21.KGS Diamond
22.New Cut
23.Wujiang City Yuzhen Textile Co. Ltd.

Frequently Asked Questions:

1] What segments are covered in the Global Conductive Textiles Market report?
Ans. The segments covered in the Conductive Textiles Market report are based on Fabric, Product, and Application.

2] Which region is expected to hold the highest share in the Global Conductive Textiles Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Conductive Textiles Market.

3] What is the market size of the Global Conductive Textiles Market by 2029?
Ans. The market size of the Conductive Textiles Market by 2029 is expected to reach USD 6.85 Bn.

4] What is the forecast period for the Global Conductive Textiles Market?
Ans. The forecast period for the Conductive Textiles Market is 2023-2029.

5] What was the market size of the Global Conductive Textiles Market in 2022?
Ans. The market size of the Conductive Textiles Market in 2022 was valued at USD 2.45 Bn.