Conductive Textile Market
Conductive Textile Market By Product (Woven, Non-woven, Knitted, Woolen & Other Conductive Textiles), By Fabric (Cotton-based, Nylon-based, Polyester-based, Wool-based & Other Fabric-based Conductive Textiles), By End Use Industry & Region - Global Market Insights 2023 to 2033
Analysis of Conductive Textile Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Conductive Textile Market Outlook (2023-2033)
The global conductive textile market is estimated to be valued at US$ 2.6 billion in 2023 and it is anticipated to grow at a CAGR of 12.0% to reach US$ 8.2 billion by the end of 2033.
The growing need for more efficient medical imaging sensors, wearable antennas for wireless communications, and others, is set to drive the conductive textiles market. Further, the increasing use of smart textiles and wearable devices coupled with the rising awareness about the functionalities of such devices are the primary factors driving the conductive textiles market.
Conductive Textile Market Size (2022A)
US$ 2.4 Billion
Estimated Market Value (2023E)
US$ 2.6 Billion
Forecasted Market Value (2033F)
US$ 8.2 Billion
Global Market Growth Rate (2023-2033)
Top Five Companies Market Share
Key Companies Profiled
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Market Buoyancy Analysis
Conductive textiles are fabrics that are made using metal strands that are woven with fabric fibers or coating the fabric fiber with conductive metals such as carbon, gold, silver, copper, nickel, or titanium. These are gaining much attention due to their electrical, optical, and magnetic properties other than being lightweight, durable, and flexible. They are employed in various industries such as automotive, defense, aerospace, healthcare, and others.
Conductive fabrics are utilized in the sports and fitness industry to track sleep, calorie intake, blood pressure, heart rate, and other parameters. Growing health consciousness among millennials and the Gen Z population is resulting in a significant demand for conductive textile.
- Short Term (2023-2026): Mushrooming demand from the automotive, healthcare, and consumer electronic sectors is driving the market for conductive textiles.
- Medium Term (2026-2029): Government investments in the military to strengthen their defense power is set to augment the conductive textile market growth, especially in India and China.
- Long Term (2029-2033): The incorporation of nanotechnology to make conductive textile coupled with the increasing trend of smart wearables due to rising awareness regarding health monitoring will drive the market in the long run.
Over the 2018-2022 historical period, the global conductive textile market registered a CAGR of 8.0%, according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 12.0% CAGR between 2023 and 2033.
Market Dynamics Overview
“Escalating Demand for Smart Fabrics Will Drive the Conductive Textile Market”
The global conductive textiles market is driven by the high demand from the military and defense sectors, followed by healthcare products. The expansion of the healthcare industry in developing markets, and growing medical needs of the elderly population, and the demand for advanced treatments and technologies will propel the need for conductive textiles in healthcare.
The healthcare industry is set to create substantial opportunities, as there is a significant growth of wearable tech devices in recent years. Rising demand for smart fabrics, and wearable devices, and increasing demand from several end-use industries like the military, healthcare, sports, and fitness will boost the demand for conductive textiles over the forecast period.
Growing demand for waterproof conductors, flexible and stretchable conductors, and multi-chip modules in conductive textiles will drive the market towards innovative solutions.
“Nanotechnology in Conductive Textile to Offer Lucrative Opportunities”
Nano-technology is the solution to all the setbacks occurring in the conductive textiles market attributed to its remarkable improvements in conductive textiles like the development of antistatic, oil- and water-repellent, and flame-retardant textiles.
Moreover, nanotechnology not only offers ultra-violet-light blocking but also offers self-cleaning along with flame-retardant and wrinkle-resistant properties. Nano-technology will open new doorways in the conductive textiles market.
Nano-engineered textiles can be produced using a variety of techniques. In one technique, nanoparticles are incorporated into the fabric and in another method surface of the finished product can be coated with nanoparticles. Nanoparticles' uniform distribution in polymer matrix gives toughness and resistance to the fabric.
“Powering and Precise Implantation of Electronic Devices in Fabrics: Hurdle to Breach”
The key factor which is expected to hamper the conductive textiles market growth is the high cost involved at almost every stage of the supply chain from the manufacturing process to its end products along with R&D investments for continuous improvements in the products.
The high cost is subjected to the infusion of electronic devices into the fabric, which adds up to the overall manufacturing cost, which will slow down the growth of the conductive textiles market until and unless the players find a cost-effective solution.
The powering and precise implantation of electronic devices in fabrics will also restrain the conductive textiles market. Concerns about the use of toxins and the high cost of manufacturing remain longstanding challenges for conductive textile manufacturers. Against the backdrop of these challenges, the successful development of graphene-based cotton textiles is being touted as a breakthrough innovation.
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Increased Military and Defense Expenditure to Bolster Conductive Textile Demand in the US
The US was the highest spender on the military with a whooping spending of US$ 801 billion in 2021. The growing defense industries result in an increase in the demand for more sophisticated fabrics that have been infused with electronic devices to perform more functions. These factors are expected to drive the market for conductive textiles over the course of the forecast period
The market for conductive textiles will also be driven by the rising demand for protective clothing to meet safety standards in manufacturing sectors including chemical, oil and gas, and construction.
The United States conductive textile market will expand at a CAGR of 11.6% over the projected period.
Rising Health Consciousness to Ignite Conductive Textile Sales in China
Rising awareness among consumers of the use of conductive wearables in China and a changing trend toward health consciousness will drive the market over the forecast period. Additionally, it is anticipated that factors including the expanding population, increasing economic conditions, and flourishing manufacturing sectors will favorably affect industry growth.
Due to such favorable factors, China’s market for conductive textiles is expected to register a CAGR of 12.4% over the forecast.
Why is Knitted Conductive Textile Preferred by End Users?
Knitted conductive fabrics are used to cover traces or switches that need to be stretched while being mounted to various surfaces. These have a covering that gives them a soft, elastic feel, and they are infused with natural fibers. The fabric is chunkier and less elastic when knit with thin wire.
Knitted materials are easy to mold into a variety of shapes since they do not spring back. Owing to their great resistance to electricity, conductive fabrics are used to make stretch sensors.
Due to all of these factors, the use of knitted conductive textiles is anticipated to grow at a CAGR of 8.0% over the forecast period.
How will Growing Military and Defense Sector Supplement the Market?
Military uniform textiles need to be durable, damage-resistant, and hazard-resistant, along with being comfortable. Conductive textile meets these requirements due to their light weight, durability, flexibility, and conductive nature. They are employed for defense mechanisms including controlling body temperature. These materials have also been utilized to create rope, tenting equipment, and safety harnesses in addition to parachutes and safety harnesses.
Global military spending was predicted to be over US$ 2.1 trillion in 2021, and geopolitical tensions are still increasing the need for cutting-edge military technology. The expansion of the conductive textile market would be driven by rising military spending on modern army suits throughout the forecasted period.
Owing to the above-mentioned factors, the demand for conductive textiles from the military and defense sector is expected to expand at a CAGR of 11.6% in the upcoming period.
Know thy Competitors
Competitive landscape highlights only certain players
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Prominent conductive textile manufacturers are 3M Company, Eeonyx Corporation, Laird PLC, Metal Textiles Corporation, Parker Hannifin Corporation, Seiren Co. Ltd, Avient Corporation, Swift Textile Metallizing LLC, and Toray Industries Inc.
Manufacturers are inclined towards winning the government tenders regarding the military and defense to increase their revenue. Innovation is a key strategy in the conductive textile market. Players are investing heavily in research and development to develop products that offer better and enhanced properties. Owing to increasing demand from various end-use sectors, market leaders are increasing their manufacturing capacities.
Further, in 2021, Toray Industries created a high thermal conductivity polymer technology to improve the carbon fiber-reinforced plastic's capacity to dissipate heat. The company claims that the conductive polymer has the potential to be employed in enhanced mobility solutions, mobile electrical gadgets, and smart wearables.
Fact.MR has provided detailed information about the price points of key manufacturers of conductive textile positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Conductive Textile Industry Research
By Fabric Type :
By Product Type :
By End Use :
- Military & Defense
- Sports & Fitness
- Consumer Electronics
By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
- FAQs -
The global conductive textile market is anticipated to be valued at US$ 2.6 billion in 2023.
Worldwide demand for conductive textiles is anticipated to reach US$ 8.2 billion by 2033-end.
During 2018-2022, sales of conductive textiles increased at 8.0% CAGR.
Europe is estimated to grow at a CAGR of 10.0% during the forecast period.
The military and defense segment accounts for a 35.1% share of global sales.