The Global Conductive Textiles Market was valued at USD 3.32 Bn in 2020 and is expected to reach USD 11.2 Bn by 2027, with a growing CAGR of 16.2% during the forecast period.
Conductive textile is a fabric which can conduct electricity. Conductive textiles can be manufactured with metal strands woven into the textile's composition or with conductive yarns. Semiconducting textiles, created by impregnating ordinary fabrics with carbon or metal-based powders, are also used in manufacturing conductive textiles. Conductive fibres are made up of a non-conductive or less conductive substrate that is then coated or implanted with electrically conductive components, most often gold, carbon, copper, silver, nickel, and titanium.
Increasing demand for conductive textiles from the healthcare industry is expected to drive the conductive textiles market growth in the near future. For instance, in Healthcare fabrics, Sure-Chek is a brand for medical fabrics. They patented original health care fabrics to use it as protective covering fabric in medical environments. The superior capabilities provided through conductive textiles in terms of portability, non-fragility, and weight, make them an appealing alternative for customer electronics manufacturers. These characteristics of fabrics are anticipated to drive the market growth in the near future. Additionally, the adoption of Organic Light Emitting Diode (OLED) based conductive textiles is witnessing an exponential increase with the rise in high-definition content and high-performance applications which are used as a wearable display. Moreover, the growth of the smart wearable market is expected to drive the conductive textiles market growth in the near future.
Furthermore, conductive textiles can also be used in microwave applications which is another driving factor influencing the market growth during the forecast period. Textiles can be used as a wireless transmitting device in various applications such as patient monitoring, athletes performance, and automobiles. A large number of antennae can be created by adhering conductive textiles on a dielectric fabric. This technology can also be used to build substrate integrated waveguides for signal transmission. These textile materials must be accurately specified and precisely defined during the fabrication process in order for these antennas to correspond with the simulated patterns. Nevertheless, maintenance issues in conductive textiles may hinder the market growth during the forecast period.
The unique insights provided by this report also include the following:
Based on the type, the woven segment held the largest market share in 2020 and is expected to grow significantly during the forecast period due to its electromagnetic shielding
Based on the type, the market has been segmented into knitted, woven, and non-woven. The woven segment in conductive textiles accounted for the largest market share in 2020 and is expected to grow significantly during the forecast period. For instance, screen-printed silver ink on cotton and polyester for ECG electrode, dispersion of carbon nanotubes on cotton and polyester fabrics, are used in manufacturing conductive textiles. Most of the woven textiles are used in electromagnetic shielding and screen printing is used to manufacture wearable electronics. For instance, Toray Industries, in Japan manufactures woven EMI Shielding fabrics. In 2019, Toray’s Fiber & Textiles segment net sales reached 883.1 billion yen(8.097 USD Bn)
Based on the application, the defense segment in the conductive textiles market held the largest market share during the forecast period owing to new innovations supporting the defense sectors demand.
Based on the application, the market has been segmented into consumer electronics, defense, healthcare, and others. The defense segment held the largest market share during the forecast period. The use of conductive textiles in manufacturing smart T- Shirts is anticipated to drive the market growth during the forecast period. For instance, according to sciencedaily.com, the use of smart T-shirts to monitor heartbeat of a person is developed, this can be utilized in defense sector to monitor a soldier’s heart rate. Additionally, the use of conductive fibers in shielding is expected to support the market growth in the near future. For instance, Noble Biomaterials’ product line includes conductive fabric solutions for war fighter uniforms, aircrafts, ships, submarines, vehicles, missiles, and satellites that should be less visible to radar, infrared, sonar, and other detection methods. Low observable technology materials made by Noble Biomaterials are used by leaders in military and air force, This includes the US and Allied Special Forces, Lockheed Martin, Northrup Grumman, Boeing, and NASA.
Based on region, the North America is expected to hold the significant market share during the forecast period owing to the faster adoption of smartphones
Based on region, the global conductive textiles market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America holds a significant market share in the conductive textiles market owing to the presence of leading innovators. For instance, according to Sciencedaily, scientists at the US have invented a low-cost and convenient bioelectrical sensor. The sensor measures electromyography signals, which are generated in muscles as they contract and are important for investigating muscle exhaustion and recovery, as well as for informing the diagnosis and treatment of neuromuscular illnesses. Furthermore, according to the Department of Defense (DoD) purchasing activity it is estimated that the United States military and other allied organisations require more than 8,000 different textile products that are purchased annually for use, with the figure rising to more than 31,000-line product when individual sizes are customized into the product combination. Thus, the use of conductive textiles in defense is expected to foster the market growth during the forecast period.
The report also provides an in-depth analysis of conductive textiles market dynamics such as drivers, restraints, opportunities, and challenges
The COVID-19 pandemic has significantly impacted many lives and businesses across the globe which result in the slowdown of economies. While the COVID era has brought a short-term collapse for textile businesses, at the same time, it has changed the way people shop in one of the most unexpected chapters in recent consumer history. Different factors such as resumption of supply chain will become more important as the decade moves into the “next normal.” All of this factors, comparatively to the usual demands made on packaging in terms of cost, communication and performance in the textile sector are expected to drive the demand for conductive textiles in the forecast period.
In terms of economic contribution and job creation, the Indian textile industry ranks second followed by services sector. At the moment, India has a great deal of confidence in inviting outsiders for investment and employment. Textile and clothing exports are estimated to exceed USD 300 billion by 2024. However, the COVID-19 pandemic had a significant impact on the expansion of the textile sector. Many textile factories ceased operations due to covid-19 outbreak. The downturn has forced textile manufacturers to make difficult decisions such as layoffs and introducing pay cuts and asking employees to go on unpaid leaves.
The report also provides an in-depth analysis of key trends in the Conductive Textiles market
The report also provides an in-depth analysis of recent news developments and investments
The key players operating in the Conductive Textiles market are:
Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.