(MENAFN- Market Research HUB) Worldwide sales of conductive textiles reached ~US$ 1,700 million in 2018, unveils the new research study by Fact.MR. According to the report, the conductive textile market is estimated to rise with a single digit CAGR, primarily influenced by the demand for smart conductive textile for a wide range of applications in various end-use industries. Usage of conductive textiles can revolutionize healthcare monitoring, treatment, and widespread use in the battlefield to monitor health and provide sustained treatment without the necessity of any heavily burdened healthcare services. Additionally, the growing aging population and rising instances of chronic diseases such as diabetes, heart disease, cancer, and respiratory disorders will create substantial demand for smart clothing or e-textiles, which is set to spur the growth of the conductive textile market.
According to the report, increasing focus on sustainable and cost-effective conductive textile materials is expected to contribute to the build-up of the conductive textile market throughout 2027. Furthermore, significant demand from military and defense, healthcare, sports, and fitness industries, along with additional functionality added by smart fabrics infused with electronic devices, will also continue to provide a fillip to the sales of conductive textiles in 2019 and beyond.
The business intelligence study of the conductive textile market covers the estimation size of the market both in terms of value (Mn/Bn USD) and volume (x units). In a bid to recognize the growth prospects in the conductive textile market, the market study has been geographically fragmented into important regions that are progressing faster than the overall market. Each segment of the conductive textile market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:
North America
Latin America
Europe
Middle East and Africa
APAC
The key players in the global conductive textile market report consist of
Eeonyx Corporation
Laird, PLC
Metal Textiles Corporation
Seiren Co. Ltd.
Swift Textile Metallizing, LLC
Toray Industries, Inc.
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Each market player encompassed in the conductive textile market study is assessed according to its market share, production footprint, current launches, agreements, ongoing R&D projects, and business tactics. In addition, the conductive textile market study scrutinizes the strengths, weaknesses, opportunities and threats (SWOT) analysis.
On the basis of product type, the global conductive textile market report covers the footprint, and consumption of the segments including
Woven
Non-woven
Knitted
Wool
The global conductive textile market covers the demand trends of fabric type which includes
Cotton
Nylon
Polyester
Wool
What insights readers can gather from the conductive textile market report?
Learn the behavior pattern of every conductive textile market player – product launches, expansions, collaborations and acquisitions in the market currently.
Examine and study the progress outlook of the global conductive textile market landscape, which includes, revenue, production & consumption and historical & forecast.
Understand important drivers, restraints, opportunities, and trends (DROT Analysis).
Important trends, such as carbon footprint, R&D developments, prototype technologies, and globalization.
According to the report of Stockholm International Peace Research Institute, published in April 2019, the global military spending was estimated at around US$ 1822 billion, and geopolitical tensions are continuing to intensify the demand for advanced military equipment. Increasing military expenditure for advanced army suits will propel the conductive textile market growth during the forecast period. Furthermore, the global aerospace industry has experienced significant growth over the last few years, and the demand for lightweight conductive materials is projected to continue. Fact.MR's study observed the adoption of conductive textile in place of copper wires, attributed to their lightweight, durable, and cost-effective features. The emerging need for lightweight and advanced aerospace suits will also propel the conductive materials market over the forecast period. The conductive textile market is expected to continue its growth over the forecast period, led by growing sectors of defense, aviation, aerospace, and the rising need for more advanced fabrics infused with electronic gadgets to provide more functions.
The conductive textile market report answers the following queries:
Which players hold the significant conductive textile market share and why?
What strategies are the conductive textile market players forming to gain a competitive edge?
Why region is expected to lead the global conductive textile market?
What factors are negatively affecting the conductive textile market growth?
What will be the value of the global conductive textile market by the end of 2027?
North America to Remain the Frontrunner in the Conductive Textiles Market
North America is expected to be a prominent region in the global conductive textile market in terms of revenue in 2019, and the trend is expected to continue throughout the forecast period. Revenue share from North America conductive textile market is anticipated to increase at a CAGR of ~5% during 2019-2027, to reach ~US$ 800 Mn by 2027. In terms of value North America is followed by Europe, which is a significant region in the conductive textile market. The market in these regions is on rise due to an increase in the number of surgeries performed in the healthcare sector per year, along with clinical traits added by conductive fabrics.
Asia Pacific is set to be the fastest growing region, owing to its massive military and defense industries and growing healthcare industry. In Asia Pacific, India and China are significant in the conductive textile market due to their increased spending for military and defense products, increasing healthcare industry, and growing awareness about values of conductive textiles for smart clothing. Furthermore, the significant growth of aviation and rising activities in aerospace in these regions will enhance the need for more sustained conductive materials. The conductive textile market in the Middle East and Africa is expected to witness stagnant growth throughout the forecast period.
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