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.
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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.
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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.