The market for conductive textiles is expected to be worth US$ 2.5 billion globally in 2023 and is projected to increase at a compound annual growth rate (CAGR) of 12.0% to reach US$ 8.1 billion by 2033.
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"The Global Conductive Textiles Market 2023-2033 (USD Billion)")
Yarns and conductive fibers are accepted across several end-users like electronics, fitness & sports, defense & military, healthcare & medical and more. Materials of conductive textiles are generally made of organic polymers and are perfect insulators. However, to protect the increase of electric load and improve the transfer of electrical load and achieve the shielding effect conductive textiles are used widely and is propelled to increase the conductive textiles market.
Factors responsible for the growth of global conductive textiles market is defense and military industry. Usage of conductive textiles by military personnel is augmenting the growth of conductive textiles market. Characteristics of conductive textiles are extremely used in the industry of electronics that increase the growth of global conductive textiles market. Clothing of the fitness is fixed with the sensors that can monitor the heart rate and person’s body temperature and are manufactured from the conductive textiles. Therefore, an increase in the focus on strenuous activities, fitness, and sports is propelled to increase the global conductive textiles market.
Current developments consist of fibers exposure in textile to condense the electrically-conductive plastics. Condensation mostly covers the textile fibers surface in the form of a film that offers excellent mechanic and conductive properties. Moreover, procedure enables the textiles to provide the appearance of untreated and ordinary textiles. These advancements in the conductive textiles market are anticipated to foster the growth of global conductive textiles market over the forecast period.
Drivers of the conductive textiles market are growing in the usage of conductive textiles in the wearable fitness and medical devices. The market of conductive textiles in Europe is estimated to get popular because of the innovations and developments in the wearable technology. Conductive textiles are used in the application of medical like monitoring of the patient. Conductive textiles are helpful in power transmission and easy data in healthcare and medical sector, boosting the global conductive textiles market growth. Moreover, textiles and heated covers for pulse monitoring are increasing the demand, stimulating the growth of global conductive textiles market in the coming years.
Factors that are hindering the growth of conductive textiles market is expensive products that are affecting the conductive textiles acceptance. The strength of the fabric may depend on the flexibility and ability to stretch on the basis of end-use is the main challenge for the growth of conductive textiles market globally.
Global conductive textiles market is segmented on the basis of type, fabric, application, and region. Based on the type, conductive textiles market is divided into knitted textiles, non-woven, and woven textiles. On the basis of fabric, conductive textiles industry is divided into wool, nylon, polyester, and cotton. In considering the application, conductive textiles market is divided into healthcare, electronics, fitness & sports, defense & military, and others.
Geographically, regions involved in the development of conductive textiles market size are Europe, North America, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific is projected to increase the global conductive textiles market share.
Key players involved in increasing the global conductive textiles market are Toray Industries, Parker Chomerics, Laird and more.
Conductive Textiles Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2033 |
| Study Period | 2023-2033 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2033 | US$ 8.1 billion |
| Growth Rate | CAGR of 12.0 % during 2023-2033 |
| Segment Covered | By Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | 3M, Parker Chomerics (Parker Hannifin), Nanophase Technologies Corporation, Toray Industries Incorporated, Holland Shielding Systems, Laird PLC, Swift Textile Metalizing, Buhler, and Seiren Company Limited |
Key Segments in the “Global Conductive Textiles Market” are-
By Type, market is segmented into:
- Knitted Textiles
- Non-woven Textiles
- Woven textiles
By Fabric, market is segmented into:
- Wool
- Nylon
- Polyester
- Cotton
By Application, market is segmented into:
- Healthcare
- Electronics
- Fitness & Sports
- Defense & Military
- Others
By Regions market is segmented into:
- Europe
- North America
- Asia Pacific
- South America
- Middle East & Africa
Frequently Asked Questions (FAQ) :
Adroit Market Research has segmented the conductive textiles market by Type, Fabric, Application and Regions .
The application of the conductive textiles market healthcare, electronics, fitness & sports, defense & military and other.
The major players are Toray Industries, Parker Chomerics, Laird.