Conductive Textiles Market Report 2022: By Fabric Type, Application, End User, Geography and Company Profile

The global conductive textiles market was valued at USD 1.02 billion in 2016 and is projected to reach USD 2.11 billion by 2021, at a CAGR of 15.6% from 2016 to 2021. Growing awareness regarding the advantages of conductive textiles, growing smart fabrics market, and high demand from the military & defense sector are major factors driving the growth of the global conductive textiles market.

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Conductive textiles are widely used in functions, such as heating, conduction, or electromagnetic interface shielding, and prevention of static charge build-up. Cotton, polyester, and nylon are the most widely used types of fabrics for conductive textiles. The type of conductive textile is selected based on the type of metal and the requirement of end-use industry. Copper and nickel are majorly used in conductive textiles.

Depending upon the requirement of conductive textiles by varied end-use industries, these textiles can be woven, knitted, braided, sewn, or cut. Among types, the woven textile segment is projected to grow at the highest CAGR from 2016 to 2021. Woven conductive textile is lightweight and offers durable shielding. It also provides high standard performance in shielding and conductivity, and is widely preferred by varied end users.

Based on end user, the sports & fitness segment of the conductive textiles market is projected to grow at the highest CAGR during the forecast period. Increased awareness about health, fitness, and wellness, globally has led to a high demand for wearable devices, as they are mainly used to monitor sleep, calories consumed, heart rate, and blood pressure, among other health parameters. Conductive textiles are used in the manufacture of products, such as smart shirts that record heart rates, intelligent bands that track physical activities, and other fitness monitoring devices. Thus, increase in demand for such health monitoring devices has contributed to the growth of the conductive textiles market.

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The Asia-Pacific and the Middle East & Africa are significant regional markets for conductive textiles. Factors such as the growing urban population in China and India and the increasing awareness about the benefits and functionalities of conductive textiles in these countries are expected to fuel the growth of the conductive textiles market in the Asia-Pacific region. Furthermore, the increasing demand for conductive textiles from the sports & fitness and healthcare sectors is anticipated to drive the growth of the conductive textiles market in Asia-Pacific and the Middle East & Africa.

Key players operating in the conductive textiles market include Parker Chomerics (U.S.), Toray Industries, Inc. (Japan), Laird PLC (U.K.), and Bekaert (Belgium), among others.

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