Conductive Textile Market Size, Share Global Analysis Report, 2022 – 2028

Industry Insights

[223+ Pages Report] According to Facts and Factors, the global conductive textile market size was worth around USD 2.01 billion in 2021 and is predicted to grow to around USD 12.5 billion by 2028 with a compound annual growth rate (CAGR) of roughly 15.8% between 2022 and 2028. The report analyzes the global conductive textile market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the conductive textile market.

Market Overview

Conductive textiles are structures, with its unique properties, can conduct electricity. It may be made either with the help of conductive fibers or by transferring conductive layers onto textiles which are non-conductive. In low resistance forms, the conductive textiles and fibers are used for EMI shielding, power transfer, static dissipation, signal, and as an element in higher resistance forms. Due to these features, the conductive textile market is growing at a higher pace. The ability and flexibility to use these conductive fibers in wire machinery and textiles give a solid benefit over stranded and solid metal wires for weaving, braiding, knitting, and others. The conductive textile has great dimensional and thermal stability as well as high strength with respect to yarn. Conductive fibers are woven, braided, or knitted, frequently which is a benefit for manufacturers who can use these conductive fibers and the reason is their flexibility, versatility, and lightweight. These factors are driving the growth of the market.

Increasing demand for smart wearables and smart fabrics to keep a track of fitness among people is expected to be the main driver of the growth of the market. The growth in the use of such goods in the medical sector for health monitoring is likely to bode well for the growth of the industry. Additionally, the easy recycling of textiles is likely to influence positively on the growth of the conductive textile market.

Key Insights

• As per the analysis shared by our research analyst, the global conductive textile market is estimated to grow annually at a CAGR of around 15.8% over the forecast period (2022-2028).
•  In terms of revenue, the global conductive textile market size was valued at around USD 2.01 billion in 2021 and is projected to reach USD 12.5 billion, by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
• Based on product segmentation, woven textiles were predicted to show maximum market share in the year 2021.
• Based on industrial vertical segmentation, military & defense was the leading revenue-generating industrial vertical in 2021.
• On the basis of region, Europe was the leading revenue generator in 2021.

Covid-19 Impact

The global market growth benefited owing to the onset of Covid-19 virus since it forced healthcare providers to expand their limits, hospitals were full, and there were no vacancies in hospitals in various nations. The end uses of textile materials in several areas have enlarged significantly with the development of new manufacturing technologies and fibers for fabrics and yarns. One of the most important uses of textile materials is in the area of medical textiles. Wearable devices with the capability to collect several kinds of physiological records are becoming progressively incorporated into the daily life of human beings. Physiological indicators are key health indicators and monitoring them could enable the discovery of disease early & efficiently. This would also help reduce the number of other severe health concerns, lower the public sector cost of health overall, and in disease avoidance. Protective clothing is the main part of textiles nowadays classified as industrial or technical textiles. It aims to prevent its wearer from the rigid environmental impacts which may result in death or injury.

Growth Drivers

• Increasing demand from Healthcare & Defense & Military Sectors to drive market growth

Conductive textile materials are used majorly in applications such as smart fabric, especially those which monitor functions of the body. They are used widely in smart textile applications like communication, sensors, electrostatic discharge clothing, and heating textiles. These smart fabrics are created from smart textiles and therefore finds major application in the military, defense, and healthcare industries. In the healthcare sector, smart fabrics made from these conductive textiles are used to monitor mostly the patient and pass on information about the conditions of patients, as they can acquire, transmit, and detect physiological signals by medical devices and wearable fitness. Furthermore, in the military and defense sectors, it finds broad applications to provide safety, protection, and durability in hostile environments as well as to integrate high-tech materials and devices into uniforms.

Increasing Popularity in Automobile Sector to propel market expansion

On the path of sustainable mobility, textiles are contributing effectively and fast in several applications in the automobile sector. Automobiles are the lifeline of our society and the industry is growing consistently at a good rate. With technological advances, safety, and comfort features, a lot of importance is given to the material which is being used in all components of vehicles. Various such changes have led to the substitutions of material to meet features such as lower emissions, light-weight, anti-corrosion, durability, passenger safety, and fire-proofing. These developments have become a norm now globally and a lot of R&D is going on to find the best substitutes for conventional materials. Other than using conductive fabrics on outward surfaces, these are also finding applications inside the vehicle like enhanced thermal control. Their versatile character makes them a major component of contemporary automobiles. The rising assimilation of electronics in vehicles, the advanced polymers’ emergence, and continuous miniaturization of electronic components will expand the share of the market from automotive applications.

Restraint

• Huge costs for final goods to restrict the market growth

High cost of manufacturing conductive textiles with respect to extensive research and development is likely to restrain industry growth overall. In addition, the process of manufacturing of introducing electronic devices into the fabrics is cost-intensive and is driving up the overall price subsequently, which is however likely to reduce demand with the advent of progressive production technologies. This means that conductive textile material is used by the military, defense, and healthcare sectors as it is not affordable for general people, thus hampering the growth of the global conductive textile market.

Segmentation Analysis

• The global conductive textile market is segmented based on type, product, industry vertical, and region.

Based on type, the global market segments are cotton, polyester, wool, and nylon. The polyester segment is likely to hold a significant market share. Polyester fabric is used widely as it is strong, and resistant to many chemicals, as well as shrinking; therefore, to make conductive wearables such as sportswear and jackets, it is used as a raw material which is likely to drive the growth of the market. Moreover, cotton exhibits properties like easier breathability and provides admirable wearing comfort, making it well suited for conductive textiles manufacturing.

Based on product, the global market is segmented into woven conductive textiles, non-woven conductive textiles, and knitted conductive textiles. Woven textiles segment held the largest share of revenue and is likely to continue its lead over the coming years. These textiles provide great standard performance with respect to shielding and conductivity and therefore are chosen by producers across the globe.

Based on industry vertical, the global market segments are military & defense, healthcare, consumer electronics, sports & fitness, and others. Military & defense held the largest share of revenue and is likely to continue its lead over the coming years. Increasing use of conductive wearables which can track the soldier’s health, monitor the battlefield, and aid in temperature & communication monitoring are factors driving the growth. Growth of spending on military in emerging markets of India, Mexico, and China is likely to emerge as a major factor facilitating the consumption of conductive textiles in the military and defense sector.

Recent Developments:

• In May 2021, Oray Industries developed a high thermal conductivity polymer technology that improves the heat-dissipating properties of carbon fiber-reinforced plastic (CFRP). According to Oray, the conductive polymer could be potentially used in smart wearables, mobile electronic devices, and advanced mobility solutions.
• In Nov 2021, Noble Biomaterials, announces that the company's Circuitex fabric and foam technologies are confirmed to reflect high-frequency energy waves just like those suspected in Havana Syndrome attacks and generated by directed-energy weapons (DEW).

Report Scope

Regional Analysis

• Europe to lead owing to presence of advanced technology & infrastructure

The global conductive textile market growth is expected to be driven by Europe. It is currently the world’s highest revenue-generating market owing to the presence of advanced technology & infrastructure, a highly skilled workforce, and automotive heritage. The regional demand will also be driven by the solid presence of major aerospace and automotive makers. A well-established infrastructure in healthcare and rising defense & military expenditure will be major factors augmenting the growth regionally.

Rising awareness among the Asia Pacific population regarding the use of transitioning conductive wearables trend with respect to health consciousness is likely to facilitate the market over the coming years. Additionally, factors like improving economic conditions, the rising population, and booming manufacturing industries are estimated to impact industry growth positively.

Competitive Analysis

• 3M 
• Eeonyx 
• Laird 
• Seiren 
• Emei Group 
• V Technical Textiles Inc. 
• Temas Engineering 
• Metal textiles 
• KGS Diamond 
• New Cut 
• Wujiang City Yuzhen Textile Co. Ltd. 
• Holland Shielding Systems 
• Swift Textile Metalizing 
• Bekaert

The global conductive textile market is segmented as follows:

By Fabric

• Cotton
• Nylon

By Product

• Woven Conductive Textiles
• Non-Woven Conductive Textiles
• Knitted Conductive Textiles

By Industry Vertical

• Military and Defense
• Healthcare
• Consumer Electronics
• Sports and Fitness
• Others

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America