Conductive Textiles Market Report

Conductive Textiles Market Analysis, By Fabric (Cotton, Nylon, Polyester and Wool), By Type, By Region (North America, Europe, Asia Pacific, South & Central America, MEA) And Segment Forecasts 2014 - 2025

Published: August 2017  |  151 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-874-9

Industry Insights

The global conductive textiles market size was valued at USD 1,092.1 million in 2016 and is projected to grow at a CAGR of 16.4% over the forecast period. Global technological advancement coupled with rising awareness regarding conductive textiles among consumers are the factors likely to boost market growth in the coming years. Transitioning consumer trends and preferences along with increasing government funded research and development are expected to drive the market growth over the forecast period.

The demand for conductive textiles is witnessing an increase as it is evolving as a smart and intelligent garment which can not only conduct and store energy but also communicate. The growing popularity of conductive textiles, considering its inherent distinct advantages, is likely to propel the demand for the market over the next eight years. Rising popularity and awareness in regions such as North America, Europe, and Asia Pacific is anticipated to positively impact the market.

U.S. Conductive Textiles market revenue, by type, 2014 - 2025 (USD Million)

U.S. conductive textiles market

Woven conductive textiles dominated the market in light of enhanced and better conductivity as well as shielding than most other metals such as steel. Higher strength and durability of such textiles have increased the potential use across various end sue industries. The segment is expected to account for a significant market share over the forecast period.  

The preference for nylon and polyester for manufacturing most of the conductive wearables in owing to their light weight, smoothness, heat conductivity and resistance to most chemicals has been increasing recently. Nevertheless, the use of graphene with cotton cloth in order to manufacture low cost and highly conductive garments has been initiated and is expected to propel the market growth.

Key attributes of conductive textiles, such as health monitoring, atmosphere tracking, abrasion and flame resistance, are projected to fuel the market growth. Major players in the industry are constantly striving toward technological advancements to manufacture quality products and increase efficiency.

However, the sky rising prices for conductive textiles makes them unaffordable for a majority of middle class segment. Such high prices for these textiles can be attributed to the extensive research and development along with high end materials such as electronic devices and chips involved in the manufacture of conductive fabrics. Additionally, the incompatibility of manufacturing practices including considerable thermal and electrical prerequisites. Such factors are expected to pose a challenge to the industry growth. Also, manufacturers are required to conform to the numerous standards and regulations set by authorities in different regions. 

Product Insights

Woven textiles segment accounted for 46.09% of the global market share in 2016. This segment is expected to emerge as the fastest growing over the next eight years on account of greater strength and seismic performance. These textiles are used for manufacturing a wide range of products such as protective wearables, surgical gowns, bandages, airbags and sanitary towels.

Non-woven textiles segment was valued at USD 388.0 million in 2016 and is likely to witness a considerable demand over the forecast period owing to its various distinct characteristics. Non wovens tend to be durable, breathable, smooth, conductive and highly resistant which is proposed to push the product demand over the coming years. Despite knitted textiles holding a small share currently, the expanding end uses are likely to boost the market demand.

Global conductive textiles market revenue, by type, 2016 (%) 

Global conductive textiles market

Regional Insights

In 2016, U.S individually accounted for 85.28% of the North American market revenue owing to the growing awareness as well as technological advancements. The increasing use of conductive textiles in military and sports & fitness industries is anticipated to spur the industry growth over the next eight years.

The demand for conductive textiles in North America was valued at USD 472.9 million in 2016. The abovementioned growth can be attributed to extensive research and development undertaken in order to manufacture high tech conductive wearables. North America is likely to remain the second-largest market from 2017 to 2025.

The growing consumer awareness coupled with government funded research and development is projected to have a positive impact on the industry growth in the region of Asia Pacific. Shifting manufacturing facilities in emerging countries such as China and India along with expanding end use industries is anticipated to augment market demand.

Competitive Insights

Key players in the market include Toray Industries, 3M, Bekaert, Seiren Co. Ltd, Laired PLC, and Statex Productions. In 2017, Toray signed a long term agreement on high performance carbon fiber with Avio, a leading Italian aerospace company as an expansion strategy.

Manufacturers of conductive textiles continue to focus on innovation and technological advancements in the product. Such developments coupled with competitive pricing are likely to assist the in increasing their market share over the forecast period. Companies are investing heavily in the research and development to overcome the barriers faced while using conductive textiles and enhance product quality. 

Report Scope

Attribute

Details

Base year for estimation

2016

Actual/Historical data

2014 and 2015

Forecast period

2017-2025

Market representation

Revenue in USD Million and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa

Country scope

U.S., Canada, Mexico, Germany, U.K., France, China, India, Japan, South Korea and Brazil

Report coverage

Revenue forecast, competitive landscape, growth factors, and trends

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Segments covered in the report:

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the conductive textiles market on the basis of fabric, type and region:

  • Fabric Outlook (Revenue, USD Million; 2014 - 2025)

    • Cotton

    • Nylon

    • Polyester

    • Wool

  • Type Outlook (Revenue, USD Million; 2014 - 2025)

    • Woven

    • Non Woven

    • Knitted

  • Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

      • The U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K

      • France

      • Rest of Europe

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

      • Rest of Asia Pacific

    • South & Central America

      • Brazil

      • Rest of South & Central America

    • The Middle East and Africa

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