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Conductive Textile Market

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 & Regional Forecast, 2021 to 2031

Conductive Textile Market
FACT4274MR

Conductive Textile Market Outlook (2021-2031)

 The 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.

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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

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.

An Adaptive Approach to Modern-day Research Needs

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.

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.

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Country-wise Analysis

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.

Conductive textiles market forecast analysis by Fact.MR

Category-wise Insights

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.

Competitive Landscape

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.

Report Scope

Attribute

Details

Market size value in 2021

USD 2.1 Billion

Market forecast value in 2031

USD 6.5 Billion

Growth Rate

CAGR of 12% from 2021 to 2031

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value & ‘000 Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Key Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Brazil
  • Mexico
  • Argentina
  • GCC
  • South Africa

Key Market Segments Covered

  • Product
  • Fabric
  • End Use Industry
  • Region

Key Companies Profiled

  • 3M Company
  • Eeonyx Corporation
  • Laird PLC
  • Metal Textiles Corporation
  • Parker Hannifin Corporation
  • Seiren Co. Ltd
  • Avient Corporation
  • Swift Textile Metallizing LLC
  • Toray Industries Inc.

Pricing

Available upon Request

Key Segments Covered

  • Product

    • Woven Conductive Textiles
    • Non-woven Conductive Textiles
    • Knitted Conductive Textiles
    • Woolen Conductive Textiles
    • Other Conductive Textiles
  • Fabric

    • 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

- 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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