Conductive Textiles Market - Forecast(2024 - 2030)
Conductive Textiles Market Overview
The Conductive Textiles market
size is estimated to reach US$5.2 billion by 2027 after growing at a CAGR of 16.1%
during the forecast period 2022-2027. A conductive textile is a type of fabric
that can conduct electricity. Conductive textiles are made from a variety of
fabrics, including cotton, nylon and polyester. Conductive fabrics are known
for providing both softness and electrical properties. Major factors expected
to drive the growth of the conductive textiles market during the forecast
period include increased awareness of the benefits of conductive textiles and
increased demand from the military and defense sectors. Moreover, the expansion
of the smart fabrics market is expected to fuel the growth of the conductive
textiles market size. The covid-19 pandemic majorly impacted the conductive textiles
market due to restricted production, supply chain disruption, logistics
restrictions and a fall in demand. However, with robust growth and flourishing
applications across major industries such as automotive, aerospace and others,
the conductive textiles industry is anticipated to grow rapidly during
the forecast period.
Conductive Textiles Market Report Coverage
The “Conductive Textiles Market Report – Forecast
(2022-2027)” by IndustryARC, covers an in-depth analysis of the following
segments in the Conductive Textiles Industry.
Key Takeaways
- Asia-Pacific dominates the Conductive Textiles market size, the increase in demand from end-user sectors, such as electronics, aerospace and medical equipment, is the main factor driving the region's growth.
- The conductive textiles market is expected to expand during the forecast period due to lower maintenance costs and rising demand from the defense & military and healthcare sectors.
- The increased use of such products for health monitoring in the medical industry is expected to bode well for industry growth.
- The high manufacturing cost of conductive textiles due to extensive research & development activities is expected to hinder overall industry growth.
Figure: Conductive Textile Market Revenue Share, By Geography, 2021 (%)
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Conductive Textile Market Segment Analysis – by Fabric Type
Polyester held a significant
share in the Conductive Textiles market share in 2021 and is projected to grow
at a CAGR of 15.9% during the forecast period 2022-2027, owing to increasing
demand from various end-use industries and extensive characteristics provided
by polyester over other fabrics such as nylon, cotton and wool. Polyester
fabric is popular because it is sturdy, resistant to most chemicals and shrinks
less than cotton. As a result, it is used as a raw material to create
conductive wearables like jackets and sportswear, which are predicted to drive
growth.
Thus, owing to tremendous advantages and availability over material types such as
cotton, wool and nylon, the demand for polyester is growing for application in major
industries, thereby boosting the growth opportunities for the conductive textile industry in the projected years.
Conductive Textile Market Segment Analysis – by End-use Industry
Automotive held a significant
share in the Conductive Textiles market share in 2021 and is expected to grow
at a CAGR of 16.5% during the forecast period 2022-2027, owing to extensive
demand from the automotive sector. Conductive textiles like smart fabrics are
quickly gaining traction in modern vehicle engineering. They are widely used in
interior ceilings, interior door panels, seat belt webbings, gear shift covers
and steering wheels, which drive the conductive textile market in the
automotive industry. According to the Energy Information Administration (EIA),
by 2035, there will be 1.7 million automobiles worldwide. According
to the International Organization of Motor Vehicle Manufacturers (OICA),
automobile output increased by 10% in the first nine months of 2021, to 57.26
million vehicles, up from 52.15 million units in the same period last year.
With the increasing automotive production, the demand for conductive textiles
will also likely increase, as a result of which the conductive textile market
will be flourished over the forecast period.
Conductive Textile Market Segment Analysis – by Geography
The Asia-Pacific held a significant share in the Conductive Textiles market share in 2021 up to 45%. The automotive sector in Asia-Pacific is rapidly growing due to a flourishing base for automotive manufacturers, demand for automotive compounds and production rise. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), automotive production and Vietnam grew by 1.2 percent and 5.5 percent from the previous year to 5,71,632 and 2,50,000 units, respectively, in 2019. In November 2020, Boeing forecasted that China's airlines would spend US$1.4 trillion on 8,600 new planes and US$1.7 trillion on commercial aircraft services over the next 20 years. According to India Brand Equity Foundation (IBEF), India’s domestic automobile production increased at a 2.36 percent CAGR from FY16 to FY20, with 26.36 million vehicles produced in FY20. Between FY16 and FY20, domestic automobile sales increased at a 1.29 percent compound annual growth rate (CAGR), with 21.55 million vehicles sold in FY20. According to the Japan Automobile Manufacturers Association (JAMA), automobile production in Japan increased in November from 6,67,462 units in October to 6,90,311 units. Thus, the growth of Conductive Textile in the region is being aided by the increasing automotive sector in APAC, thereby dominating the market in the Asia-Pacific region.
Conductive Textiles Market Drivers
Bolstering Growth of the Medical & Healthcare Industry:
Conductive
Textile is widely used in the medical & healthcare industry for both clinical and non-clinical
applications. It is designed to provide both comfort and functionality. Due to
its ability to recognize, collect and transmit physiological signals, the
conductive textiles product aids doctors and other medical personnel in keeping
track of and communicating about patients' conditions, which drives the
conductive textile in the medical & healthcare industry. According to
Indian Equity Foundation, in 2020, the Indian health tech industry was valued
at $1.9 billion. It is expected to reach $5 billion by 2023, with a CGAR of
39%. According to the Office of National Statistics, In the UK, total current
healthcare spending in 2021 is expected to be £277 billion, a 7.4 percent
increase over spending in 2020. With the increasing medical & healthcare
industry, the demand for conductive textiles will also likely increase, as a
result of which the conductive textiles industry will be flourished over the
forecast period.
Rising Demand Form the Defence Industry:
Conductive
textiles are lightweight and flexible, with high strength and conductivity. It
provides a soldier with protection against extreme weather conditions (such as heat,
cold, wind and rain), sweat management, ballistic impact, nuclear, biological,
or chemical threats and so on. As a result, it has been widely adopted in the
defense sector. The defense industry is the world's largest user of conductive
textiles. These conductive textiles are also used in military parachutes,
safety harnesses, ropes and tenting gear. Moreover, an increase in government
spending will also propel market growth. According to Delhi Policy Group,
Overall defense expenditure for FY 2021-2022 is Rs.3,62,345.62 Crore (US$ 49.6
billion), an increase of Rs.24,792.62 Crore (US$ 3.4 billion) over FY 2020-2021
Budget Estimates. According to the Military of Defence, UK, in 2020/21, the
government spend £42.4 billion on defense, a £2.5 billion increase over the
previous year. With the increasing defense industry, the demand for conductive
textile will also likely increase, as a result of which the conductive textile
industry will be flourished over the forecast period.
Conductive Textiles Market Challenge
High Manufacturing Costs:
High manufacturing costs to make conductive
textiles are a significant concern for the global ceramic balls market. Cotton,
Nylon, Polyester and Wool are conductive textile fabric types that are costly
to produce. For instance, Polyester is obtained from crude oil. As a result,
the price of conductive textiles raw materials is affected by crude oil price
volatility. According to the BP Statistical Review of World Energy 2021 report,
crude oil prices have fluctuated in recent years. For instance, the Brent crude
oil price decreased from US$52.39/bbl in 2015 to US$43.73/bbl in 2016, then
increased from US$54.19/bbl in 2017 to US$71.31/bbl in 2018 and then decreased
to US$41.84/bbl in 2020. Furthermore, the high manufacturing cost of conductive
textiles due to extensive research and developments is expected to hinder
overall industry growth. Thus, owing to factors such as volatility in
prices and expensive research and development, the conductive textile market
faces a major challenge.
Conductive Textiles Market Industry Outlook
Technology launches, acquisitions
and R&D activities are key strategies adopted by players in the. The
Conductive Textiles Market top 10 companies in the Conductive Textiles Market
are:
- AiQ Smart Clothing
- Arville
- Bekaert
- Coatex Industries
- Hitek Electronic Materials Ltd.
- Laird PLC
- Seiren Co. Ltd.
- Shieldex
- Swift Textile Metalizing LLC
- Toray Industries Inc.
Recent Developments
- In May 2022, Vibia introduced a lighting system comprised of conductive textile ribbons. Stefan Diez, a German designer, created a customizable lighting system for Barcelona-based lighting brand Vibia that features a flexible textile track that fastens like a belt. The Plusminus system is made of a conductive fabric belt onto which various light fittings can be clipped. Plus-minus is a programmable lighting system.
- In May 2022, Soliyarn, a material innovator, signed a US$7.7 million funding agreement with South Korean fiber producer Huvis Global and the Commonwealth of Massachusetts' M2I2 Manufacturing Grant program to scale its new method of imparting conductive and waterproof functionalities into textiles.
- In November 2021, Noble Biomaterials announced that its Circuitex fabric and foam technologies have been demonstrated to reflect high-frequency energy waves similar to those suspected in the Havana Syndrome attacks and generated by directed-energy weapons (DEW).
Relevant Reports
Report Code: CMR 0698
Report Code: CMR 0660
LIST OF TABLES
1.Global Conductive Textiles Market By Fabric Type Market 2023-2030 ($M)1.1 Cotton Market 2023-2030 ($M) - Global Industry Research
1.2 Nylon Market 2023-2030 ($M) - Global Industry Research
1.3 Polyester Market 2023-2030 ($M) - Global Industry Research
1.4 Wool Market 2023-2030 ($M) - Global Industry Research
2.Global Conductive Textiles Market By Type Market 2023-2030 ($M)
2.1 Woven Conductive Textiles Market 2023-2030 ($M) - Global Industry Research
2.2 Non-Woven Conductive Textiles Market 2023-2030 ($M) - Global Industry Research
2.3 Knitted Conductive Textiles Market 2023-2030 ($M) - Global Industry Research
3.Global Conductive Textiles Market By End User Market 2023-2030 ($M)
3.1 Military & Defense Market 2023-2030 ($M) - Global Industry Research
3.2 Healthcare Market 2023-2030 ($M) - Global Industry Research
3.3 Sports & Fitness Market 2023-2030 ($M) - Global Industry Research
3.4 Consumer Electronics Market 2023-2030 ($M) - Global Industry Research
4.Global Conductive Textiles Market By Fabric Type Market 2023-2030 (Volume/Units)
4.1 Cotton Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Nylon Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Polyester Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 Wool Market 2023-2030 (Volume/Units) - Global Industry Research
5.Global Conductive Textiles Market By Type Market 2023-2030 (Volume/Units)
5.1 Woven Conductive Textiles Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Non-Woven Conductive Textiles Market 2023-2030 (Volume/Units) - Global Industry Research
5.3 Knitted Conductive Textiles Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Conductive Textiles Market By End User Market 2023-2030 (Volume/Units)
6.1 Military & Defense Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Healthcare Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Sports & Fitness Market 2023-2030 (Volume/Units) - Global Industry Research
6.4 Consumer Electronics Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America Conductive Textiles Market By Fabric Type Market 2023-2030 ($M)
7.1 Cotton Market 2023-2030 ($M) - Regional Industry Research
7.2 Nylon Market 2023-2030 ($M) - Regional Industry Research
7.3 Polyester Market 2023-2030 ($M) - Regional Industry Research
7.4 Wool Market 2023-2030 ($M) - Regional Industry Research
8.North America Conductive Textiles Market By Type Market 2023-2030 ($M)
8.1 Woven Conductive Textiles Market 2023-2030 ($M) - Regional Industry Research
8.2 Non-Woven Conductive Textiles Market 2023-2030 ($M) - Regional Industry Research
8.3 Knitted Conductive Textiles Market 2023-2030 ($M) - Regional Industry Research
9.North America Conductive Textiles Market By End User Market 2023-2030 ($M)
9.1 Military & Defense Market 2023-2030 ($M) - Regional Industry Research
9.2 Healthcare Market 2023-2030 ($M) - Regional Industry Research
9.3 Sports & Fitness Market 2023-2030 ($M) - Regional Industry Research
9.4 Consumer Electronics Market 2023-2030 ($M) - Regional Industry Research
10.South America Conductive Textiles Market By Fabric Type Market 2023-2030 ($M)
10.1 Cotton Market 2023-2030 ($M) - Regional Industry Research
10.2 Nylon Market 2023-2030 ($M) - Regional Industry Research
10.3 Polyester Market 2023-2030 ($M) - Regional Industry Research
10.4 Wool Market 2023-2030 ($M) - Regional Industry Research
11.South America Conductive Textiles Market By Type Market 2023-2030 ($M)
11.1 Woven Conductive Textiles Market 2023-2030 ($M) - Regional Industry Research
11.2 Non-Woven Conductive Textiles Market 2023-2030 ($M) - Regional Industry Research
11.3 Knitted Conductive Textiles Market 2023-2030 ($M) - Regional Industry Research
12.South America Conductive Textiles Market By End User Market 2023-2030 ($M)
12.1 Military & Defense Market 2023-2030 ($M) - Regional Industry Research
12.2 Healthcare Market 2023-2030 ($M) - Regional Industry Research
12.3 Sports & Fitness Market 2023-2030 ($M) - Regional Industry Research
12.4 Consumer Electronics Market 2023-2030 ($M) - Regional Industry Research
13.Europe Conductive Textiles Market By Fabric Type Market 2023-2030 ($M)
13.1 Cotton Market 2023-2030 ($M) - Regional Industry Research
13.2 Nylon Market 2023-2030 ($M) - Regional Industry Research
13.3 Polyester Market 2023-2030 ($M) - Regional Industry Research
13.4 Wool Market 2023-2030 ($M) - Regional Industry Research
14.Europe Conductive Textiles Market By Type Market 2023-2030 ($M)
14.1 Woven Conductive Textiles Market 2023-2030 ($M) - Regional Industry Research
14.2 Non-Woven Conductive Textiles Market 2023-2030 ($M) - Regional Industry Research
14.3 Knitted Conductive Textiles Market 2023-2030 ($M) - Regional Industry Research
15.Europe Conductive Textiles Market By End User Market 2023-2030 ($M)
15.1 Military & Defense Market 2023-2030 ($M) - Regional Industry Research
15.2 Healthcare Market 2023-2030 ($M) - Regional Industry Research
15.3 Sports & Fitness Market 2023-2030 ($M) - Regional Industry Research
15.4 Consumer Electronics Market 2023-2030 ($M) - Regional Industry Research
16.APAC Conductive Textiles Market By Fabric Type Market 2023-2030 ($M)
16.1 Cotton Market 2023-2030 ($M) - Regional Industry Research
16.2 Nylon Market 2023-2030 ($M) - Regional Industry Research
16.3 Polyester Market 2023-2030 ($M) - Regional Industry Research
16.4 Wool Market 2023-2030 ($M) - Regional Industry Research
17.APAC Conductive Textiles Market By Type Market 2023-2030 ($M)
17.1 Woven Conductive Textiles Market 2023-2030 ($M) - Regional Industry Research
17.2 Non-Woven Conductive Textiles Market 2023-2030 ($M) - Regional Industry Research
17.3 Knitted Conductive Textiles Market 2023-2030 ($M) - Regional Industry Research
18.APAC Conductive Textiles Market By End User Market 2023-2030 ($M)
18.1 Military & Defense Market 2023-2030 ($M) - Regional Industry Research
18.2 Healthcare Market 2023-2030 ($M) - Regional Industry Research
18.3 Sports & Fitness Market 2023-2030 ($M) - Regional Industry Research
18.4 Consumer Electronics Market 2023-2030 ($M) - Regional Industry Research
19.MENA Conductive Textiles Market By Fabric Type Market 2023-2030 ($M)
19.1 Cotton Market 2023-2030 ($M) - Regional Industry Research
19.2 Nylon Market 2023-2030 ($M) - Regional Industry Research
19.3 Polyester Market 2023-2030 ($M) - Regional Industry Research
19.4 Wool Market 2023-2030 ($M) - Regional Industry Research
20.MENA Conductive Textiles Market By Type Market 2023-2030 ($M)
20.1 Woven Conductive Textiles Market 2023-2030 ($M) - Regional Industry Research
20.2 Non-Woven Conductive Textiles Market 2023-2030 ($M) - Regional Industry Research
20.3 Knitted Conductive Textiles Market 2023-2030 ($M) - Regional Industry Research
21.MENA Conductive Textiles Market By End User Market 2023-2030 ($M)
21.1 Military & Defense Market 2023-2030 ($M) - Regional Industry Research
21.2 Healthcare Market 2023-2030 ($M) - Regional Industry Research
21.3 Sports & Fitness Market 2023-2030 ($M) - Regional Industry Research
21.4 Consumer Electronics Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Conductive Textiles Market Revenue, 2023-2030 ($M)2.Canada Conductive Textiles Market Revenue, 2023-2030 ($M)
3.Mexico Conductive Textiles Market Revenue, 2023-2030 ($M)
4.Brazil Conductive Textiles Market Revenue, 2023-2030 ($M)
5.Argentina Conductive Textiles Market Revenue, 2023-2030 ($M)
6.Peru Conductive Textiles Market Revenue, 2023-2030 ($M)
7.Colombia Conductive Textiles Market Revenue, 2023-2030 ($M)
8.Chile Conductive Textiles Market Revenue, 2023-2030 ($M)
9.Rest of South America Conductive Textiles Market Revenue, 2023-2030 ($M)
10.UK Conductive Textiles Market Revenue, 2023-2030 ($M)
11.Germany Conductive Textiles Market Revenue, 2023-2030 ($M)
12.France Conductive Textiles Market Revenue, 2023-2030 ($M)
13.Italy Conductive Textiles Market Revenue, 2023-2030 ($M)
14.Spain Conductive Textiles Market Revenue, 2023-2030 ($M)
15.Rest of Europe Conductive Textiles Market Revenue, 2023-2030 ($M)
16.China Conductive Textiles Market Revenue, 2023-2030 ($M)
17.India Conductive Textiles Market Revenue, 2023-2030 ($M)
18.Japan Conductive Textiles Market Revenue, 2023-2030 ($M)
19.South Korea Conductive Textiles Market Revenue, 2023-2030 ($M)
20.South Africa Conductive Textiles Market Revenue, 2023-2030 ($M)
21.North America Conductive Textiles By Application
22.South America Conductive Textiles By Application
23.Europe Conductive Textiles By Application
24.APAC Conductive Textiles By Application
25.MENA Conductive Textiles By Application
26.Parker Chomerics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Toray Industries Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Laird PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Seiren Co. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Bekaert, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Hitek Electronic Materials Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Emei Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.AiQ Smart Clothing, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Holland Shielding System, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.MarKTek Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Coatex Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Swift Textile Metalizing LLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Jarden Applied Materials, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.HFC Shielding, Sales /Revenue, 2015-2018 ($Mn/$Bn)