Newly released data from Fact.MR shows that global demand for conductive textiles is poised to reach US$ 2.1 Bn, likely to reach US$ 6.5 Bn by the end of the 2021-2031 forecast period. Sales of conductive textiles are poised to expand more than 3x across the forthcoming decade, with the military & defense sector accounting for 45% of the global revenue.
Key Points Addressed in Conductive Textile Industry Analysis
- Market Estimates and Forecasts (2016-2031)
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand Share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Conductive Textile and How to Navigate
- Recommendation on Key Winning Strategies
- From 2016-2020, the conductive textile market will grow faster than that of 2021-2031
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Conductive Textile Revenue Analysis 2016-2020 Vs Forecast 2021-2031
According to Fact.MR, a market research and competitive intelligence provider, from 2016 to 2020, the global market for conductive textile has grown at a CAGR of almost 15.5% and reached US$ 1.8 Bn.
During the COVID-19 pandemic, a general economic slowdown due to the imposition of stringent lockdowns led to cessation of industrial manufacturing activities in the first half of 2020. This led to shortfalls in production of conductive textiles in general. However, as restrictions were lifted, the market witnessed a resurgence in the latter half.
Future demand for conductive textiles are anticipated to be reliant on the burgeoning trend of increased defense and military spending, attributed to looming political uncertainty in the global community. Hence, the market is expected to surge at a CAGR of 12% from 2021 to 2031.
How are Increasing Military & Defense Budgets Widening Conductive Textiles Growth Prospects?
Rising national security concerns have prompted countries to augment their military and defense budget allocations. As of 2020, global defense spending stood at US$ 1.83 trillion, an increase of 3.9%. Global military expenditures as a percentage of GDP surged to 2.08%, up from 1.85% in 2019. The U.S, China and India are at the forefront of global defense expenditure.
Against this backdrop, leading defense and military equipment manufacturers have been extensively deploying high-grade textiles, which has greatly uplifted conductive textiles demand in recent years. More recently, nanotechnology has been incorporated to manufacture uniforms. These deploy enhancements such as camouflage technologies to enable military personnel to blend in with their surroundings.
Furthermore, conductive textile manufactured military apparel possess the ability to conceal the visibility of soldiers even in infrared and ultraviolet light. Furthermore, conductive textiles to augment muscle power are being deployed to usher in greater physical strength.
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Why is the Aviation Sector Generating Tailwinds for Conductive Textiles?
Textile have played an instrumental role in optimizing air travel. While material such as silk and canvas were traditionally deployed, engineers have designed several high-performance fabrics to increase aircraft efficiency. The most important application is as flame retardants.
A range of materials, including kevlar (aramid), carbon fiber, alumina-boria-silica fiber and glass fibers have been deployed across various aircraft components. These textiles are used across rotor blades, aircraft interiors, upholstery and fuel tanks among other application areas.
Why are Conductive Textiles Highly Demanded in the U.S?
When measured by the value of shipments, the textile and apparel industry of the U.S. amounts to nearly US$ 70 billion. From automobile airbags to specialty and industrial fabrics, these fabrics serve a wide range of U.S. markets.
Specialty textile businesses continue to grow in the U.S. as certain segments are advancing rapidly. In the US markets, automotive textiles are the largest industrial textile market.
The growing demand for protective apparel for safety standards in the manufacturing industries such as chemical, oil and gas, and construction is driving the market for conductive textiles. Fact.MR expects the U.S market to surge at a CAGR of 7% until 2031.
How is Extensive R&D on High Quality Fabric Stimulating Demand in Europe?
According to Fact.MR, the market for conductive textiles in Europe is anticipated to clock a 10% value CAGR from 2021 to 2031. Growing investments in R&D in various healthcare sectors have grown demand for conductive textiles in the market.
Prominent technological advancements such as exposure of fibers in the textile to vaporize electrically-conductive polymers have played an important role in cementing conductive textiles firm demand outlook across the region. Demand is especially high across the military and defense sectors. Additionally, proliferating demand for smart textiles has also augmented demand for conductive textiles in Europe.
Extensive Military & Defense Application Spurring Adopting across Asia?
The conductive textiles industry is dominated by Asia, as a result of growing medical and military & defense industry applications. Economic growth in developing countries such as India and China is also increasing the demand for conductive textiles in the market.
As per projections put forward by Fact.MR, demand for conductive textiles in Asia is expected to register an impressive 12% value CAGR across the 2021-2031 assessment period. Countries such as Japan and India have augmented defense spending for FY 2021-22, registering US$ 51.7 billion and US$ 64 billion respectively. This is likely to hike investment in conductive textiles in forthcoming years.
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Why are Knitted Conductive Textiles Highly Demanded?
Knitted conductive textiles are being deployed across traces or switches that require stretching as they're attached to different substrates. These are infused with natural fibers and coated with a coating that gives them a soft, elastic feel. When knitted with thin wire, the material is chunkier and less stretchy.
Knitted fabrics does not spring back, making them easy to sculpt into a variety of shapes. Due to excellent resistance to electricity, knitted conductive textiles are used as stretch sensors. According to Fact.MR, demand for knitted conductive textiles will likely surge at a CAGR of 8% until 2031.
Why are Applications High across the Military & Defense Sector?
The fabrics used in military uniforms must provide longevity, protection against hazards, damage, and comfort. Conductive textiles fulfil these criteria due to their lightweight, flexibility, durability, and conductive nature. The industry uses them for protective purposes such as regulating body temperature.
In addition to parachutes and safety harnesses, these fabrics have also been used to make rope, tenting gear, and safety harnesses. The self-repairing properties of these materials make them highly desirable in the markets. Fact.MR projects the segment to account for 45% of total market demand until 2031.
Strategic collaborations enable manufacturers to increase production and meet consumer demand which will increase revenue and market share. New products and technologies will enable end-users to benefit from products that are eco-friendly by nature.
- Avient Corporation, for instance, offers the Colorant ChromaticsTM functional and conductive formulations which meet the requirements of high-temperature applications, including wire and cable and injection molded parts for the petroleum & chemical industry
- In May 2021, Toray introduced a heat-dissipating CFRP material for flexible thermal systems. With this development, Toray has applied this technology to CFRP to reduce heat dissipation through thermal conduction paths within the material, such as improving performance in electronic devices and reducing battery degradation in mobile applications.
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Market size value in 2021
|USD 2.1 Billion|
Market forecast value in 2031
|USD 6.5 Billion|
|CAGR of 12% from 2021 to 2031|
Historical Data Available for
|US$ Mn for Value & ‘000 Units for Volume|
Key Regions Covered
Key Countries Covered
Key Market Segments Covered
Key Companies Profiled
Available upon Request
Key Segments Covered
- Woven Conductive Textiles
- Non-woven Conductive Textiles
- Knitted Conductive Textiles
- Woolen Conductive Textiles
- Other Conductive Textiles
- Cotton-based Conductive Textiles
- Nylon-based Conductive Textiles
- Polyester-based Conductive Textiles
- Wool-based Conductive Textiles
- Other Fabric-based Conductive Textiles
End Use Industry
- Conductive Textiles for Healthcare
- Conductive Textiles for Military & Defense
- Conductive Textiles for Sports & Fitness
- Conductive Textiles for Consumer Electronics
- Conductive Textiles for Aviation
- Conductive Textiles for Automotive
Conductive Textile Market- Scope of Report
A recent study by Fact.MR on the conductive textile market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering conductive textiles.
The study also provides the dynamics responsible for influencing the future status of the conductive textile market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the conductive textile market, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of conductive textiles across the globe.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of conductive textiles during the forecast period. Price point comparison by region with global average price is also considered in the study.
Key Questions Answered in Report
- Which are the most lucrative conductive textile markets?
- Which factors will impact the growth of conductive textiles?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the conductive textile industry?
- What are the winning strategies of stakeholders in the market?
Analysis on Market Size Evaluation
The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).
Estimates at global and regional levels for Conductive textile are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report.
Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global conductive textile market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of conductive textiles during the forecast period.
Country-specific valuation on demand for conductive textiles has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
In-depth Analysis on Competition Analysis
The report sheds light on leading manufacturers of conductive textiles, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering conductive textiles has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the conductive textile domain.
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the conductive textile industry, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.
- FAQs -
By 2021, the global conductive textiles market will be worth US$ 2.1 Bn
From 2016 to 2020, conductive textile sales expanded at a CAGR of 15.5% according to Fact.MR
By 2031, conductive textiles demand is expected to reach US$ 6.5 Bn
The advent of nanotechnology to incorporate such properties as enhanced abrasion resistance and flame retardant properties is driving growth
Extensive uptake in the aviation and military sectors is propelling sales of conductive textiles
Major market players include Swift textile metallizing, LLC, Toray Industries, Inc., Eeonyx Corporation, Laird, PLC, and Metal Textiles Corporation
The U.S is expected to register a CAGR of 7% from 2021 to 2031 with regard to conductive textiles demand
Conductive Textile demand is expected to rise by 10% in Europe through 2031.
Asia is the key beneficiary of conductive textiles, clocking a CAGR of 12% until 2031
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.