Conductive
textiles are an emerging class of textiles beginning to gain demand
in a number of sectors. Conductive textiles are made by combining
conventional textiles such as cotton with conductive materials to
produce textiles that can conduct electricity, but can still be worn
safely by users. The conductivity of conductive textiles can be put
to use in various sectors due to the increasing incorporation of
electronics and body sensors. The healthcare sector is thus likely to
remain a key contributor to the global conductive textiles market in
the coming years, with healthcare innovation emerging as a major
expenditure avenue across the world due to rising awareness about its
importance to maintaining the health of a country’s population,
which has led to government support and significant private
investment in several countries.
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According
to Transparency Market Research, the global conductive textile market
was valued at more than US$1.6 bn in 2017 and is likely to rise to a
valuation of more than US$2.1 bn by 2022. The market is likely to
exhibit a steady CAGR over the forecast period due to the steady
prospects for the conductive textiles market in a number of booming
industrial sectors such as defense equipment and clothing,
healthcare, and sports and fitness apparel.
Major
Highlights of the Conductive Textiles Market:
The
others product type is likely to rise at a robust 5.4% CAGR from 2017
to 2022. The others segment is likely to benefit from the growing
demand for innovative conceptions in the conductive textiles market
and the availability of several methods to incorporate conductive
materials into textiles. Conductive wires and coatings are the
conventional methods of producing conductive textiles and are likely
to remain in vogue over the coming years.
The
North America conductive
textiles market is likely to remain the strongest regional
contributor to global market figures thanks to the steady presence of
several leading players in the textiles industry as well as the
electronics industry. North America is also home to key innovators in
the technological sector, which has led to easy availability of the
technological framework required for the production of advanced and
innovative conductive textiles. The North America market for
conductive textiles was valued at US$340.4 mn in 2017 and is expected
to rise to US$445 mn by 2022.
Players
in the Asia Pacific market for conductive textiles could make
significant inroads into the global market in the coming years due to
the rising prominence of the textiles industry in countries such as
China and India. Advanced production technologies are steadily
becoming the norm in the textile industry in emerging countries in
Asia Pacific, which could lead to Southeast Asian countries emerging
as key producers in the conductive textiles market in the coming
years. Japan is likely to dominate the Asia Pacific market in the
coming years due to the presence of several leading electronics
industry players in the region and the steady acceptance of
technological innovations in the healthcare sector.
The
rising demand for military modernization efforts across the world is
likely to entail significant thrust for the global conductive
textiles market. Military modernization presents significant scope
for conductive textiles industry players, as it is likely to present
a steady rise in demand over the coming years. The rising use of
electronic sensors in military clothing is likely to ensure a steady
stake of the military and defense sector in the global conductive
textiles market in the coming years.
Competitive
Dynamics
Leading
players in the global conductive textiles market include Bekaert
Inc., Seiren Co. Ltd., Toray Industries, Inc., Laird Plc, and Parker
Chomerics.
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