Conductive Textile Market is projected to register over 16.3% CAGR to reach around USD 5.4 Billion by 2027.
Conductive textile fabrics can conduct electricity which is its unique property. It is made with metal strands woven into fabric or conductive yarns, which get conductive due to metal coating.
In low resistance versions, the conductive fibers and textiles are used for static dissipation, power transfer, EMI shielding, signal and as a component in higher resistance versions. Due to these characteristics, the Conductive Textile Market is emerging at a higher pace. The flexibility and ability to use conductive fibers in textiles and wire machinery give an advantage over solid or stranded metal wires for knitting, weaving, braiding, and others. The conductive textile has excellent thermal and dimensional stability and high yarn strength. Conductive fibers are frequently woven, knitted, or braided, which is an advantage for manufacturers who can use conductive fibers because of their lightweight, flexibility, and versatility. These features are driving the Market Growth.
The rise in concern for consumer health awareness and higher disposable income in developing countries boosts the market. The inclination towards modern methods to maintain fitness and lifestyle propels the market's demand and ensures good market value in the forecast period. The rise in awareness of the superior functionality and wide application of conductive textiles will result in higher adoption of textiles. A wide range of industries usages, including the military and defense sector, is accelerating the Conductive Textile Market Size.
Moreover, the conductive textiles have a longer life span and are strong; these factors will raise the value of the smart fabrics market, which will eventually propel the Conductive Textile Market Share. The conductive textiles can be recycled, and this advantage will boost industrial growth.
The Conductive Textile Market is estimated to register a CAGR of 16.3 % CAGR and will obtain a value of USD 5.4 Billion by 2027 during the forecast period.
During the COVID-19 outbreak, the Conductive Textile Market went through tough situations due to the lockdown. The industrial units of the market remained closed, which affected the supply chain process and resulted in huge revenue loss. The manufacturers faced problems when the supply of raw materials was halted, which resulted in the closure of manufacturing units. These factors affected the sales rate and resulted in a downfall in the growth graph.
When the lockdown was lifted, the players planned strategies to focus on the opportunities and improve the products, which helped the market to get achieve its demand and stabilize its growth rate. The Conductive Textile Market is expected to receive higher demand and successfully achieve strong CAGR in the post lockdown period.
Chief Factors Existing In The Market
Cumulative Evaluation Of The Market
The evaluated report of the Conductive Textile Market Analysis states that it will gain a sound growth rate during the forecast period. The market dynamics, such as the drivers and opportunities, show positive impact and let the market reach its value efficiently. On the other hand, the growth limiting factors are affecting the revenue, but it is checked by the players to make the market progress smoothly. The pandemic's impact won't stop the market from reaching its value due to its rising demand. Hence, the Conductive Textile Market Forecast is projected to reach a good compound annual growth rate in the valuation period by 2027.
The Conductive Textile Market is segmented into different segments such as fabric type, product type and end-user industry.
According to the geographical analysis, the Conductive Textile Market covers prominent continents such as Asia Pacific, North America, Europe, Latin America and the Middle East and Africa.
Among these, the Asia Pacific has captured the largest market share, and it is estimated to continue its growth consistency in the forecast period. The regional market is emerging due to the expansion of healthcare and military and defense industries. China is occupying the maximum share of the APAC market.
The North American market is chiefly driven by developed sectors such as military and defense, healthcare, and consumer electronics industries.
The European market is noticing significant growth due to higher investment in research and development activities in the healthcare industry based on technological advancements and expanding geriatric population. Germany holds the largest market share of the regional market.
The growth of the Conductive Textile Market in Latin America, the Middle East, and Africa is propelled by the higher expenditure in healthcare and sports & fitness activities and rising health con among the consumers.
Competitive Intensity Within The Industry
The industrial players of the Conductive Textile Market are letting the market elevate at the global level. The players focus on the opportunities and plan strategies to level up the Conductive Textile Market Trends. The recent developments and future improvements will upgrade the service and products. Activities among the players like acquisitions, collaborations, partnerships, new product launches and others will help the market reach a good growth rate. The chief players are mentioned below.
Recent Market Developments
The study of the Conductive Textile Market Outlook states the overall growth of the market in the past years. Even the current growth and future development were discussed in the report. The detailed study of segments shows the major segments and their importance. The regional report states on the prominent continents covered by the market and the share value of each region were discussed in detail. The industrial players' presence and their vital role were mentioned, along with that the recent developments were also stated briefly. The pandemic report shows that the market was hampered, but it will overcome the situation in the future days. Therefore, the Conductive Textile Market is projected to witness a good USD value in the forecast period.
Key Industrial Segments
By Fabric Type
By Product Type
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Fabric Type, Product Type, End-Use Industry and region|
|Geographies Covered||North America, Europe, Asia-Pacific, Latin America and Middle East & Africa|
|Key Vendors||Toray Industries, Inc (Japan), Laird PLC (UK), Seiren Co., Ltd (Japan), Bekaert (Belgium), Shieldex (US), Coatex Industries (India), Arville (UK), Swift Textile Metalizing LLC (US), AiQ Smart Clothing (Taiwan), Hitek Electronic Materials Ltd (UK), Holland Shielding Systems BV (Netherlands)|
|Key Market Opportunities||The rapidly growing end-use industries in the developing countries of Asia-Pacific is expected to create lucrative opportunities for the players operating in the market.|
|Key Market Drivers||
Global Conductive Textile Market would register a growth of 16.3%.
The forecast period of the Global Conductive Textile Market until 2027.
Global Conductive Textile Market will gain a valuation of USD 5.4 Billion by 2027.
Seiren Co., Ltd, Bekaert, Swift Textile Metalizing LLC, Hitek Electronic Materials Ltd are the top players investing in Global Conductive Textile Market.
The study of the Global Conductive Textile Market is studied through the segments of Fabric Type, Product Type, and End-Use Industry.