Conductive Textiles Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI1329
Conductive textiles market share is set to witness lucrative growth over the analysis period 2021-2027 driven by the increasing demand for high-tech electronics and wearables across healthcare, sports & fitness, military & defense, and other key application areas. The growing awareness about the robust functionality and application of conductive fabrics could lead to the widespread adoption of these textiles and related products.
Also known as a conductive fabric, a conductive textile can conduct electricity. These textiles offer both electrical characteristics and the softness of the fabric. They are being extensively used to handle electromagnetic interference (EMI) shielding and static dissipation. Continuous advances in technology and the introduction of advanced products in the market will augment the conductive textiles industry forecast in the future.
Military & defense, consumer electronics, sports & fitness, healthcare, and some others are among the major end-users of conductive fabrics. Some other areas of application include automotive, aerospace, and architecture. The automotive sector is anticipated to capture a significant share of the conductive textiles market by the end of 2027. Smart fabrics such as conductive textiles are fast gaining traction in modern vehicle engineering. They can be widely used in interior ceiling, interior door panels, seat belt webbings, gear shift covers and the steering wheel.
Among the other key end-users, the market share from automotive sector could surge over the coming years. Conductive fabrics can not only used in outward surfaces but are also finding application for improved thermal control inside the vehicle. Their versatile nature makes them a key component of modern automobiles. The growing integration of electronics in vehicles, ongoing miniaturization of electronic components, and the emergence of advanced polymers will expand the market share from automotive applications.
Europe could hold a fair share of the conductive textiles industry between 2021 and 2027. The regional demand will be primarily driven by the strong presence of major automotive and aerospace manufacturers. A well-established healthcare infrastructure and increasing military & defense expenditure will be pivotal factors driving the regional growth. Europe is witnessing increasing penetration of smart fabrics such as conductive textiles in many different sectors. The rising healthcare investments along with the increasing popularity of smart wearables for sports and fitness purposes will positively impact the regional outlook.
3M, Parker Chomerics (Parker Hannifin), Nanophase Technologies Corporation, Toray Industries Incorporated, Holland Shielding Systems, Laird PLC, Swift Textile Metalizing, Buhler, and Seiren Company Limited are some of the prominent names in the conductive textiles industry. Investments in research and product development are top priority among the manufacturers as they aim to bring novel solutions to the market.
In May 2021, for instance, Toray Industries had developed a high thermal conductivity polymer technology that enhances the heat-dissipating properties of carbon fiber-reinforced plastic (CFRP). According to the company, the conductive polymer could be potentially used in smart wearables, mobile electronic devices, and advanced mobility solutions.
Understanding the impact of COVID-19 on conductive textiles market trends
The COVID-19 pandemic has had a notable impact on the conductive textiles industry forecast. During the first few months of the pandemic, a declined production of consumer electronics and wearables was witnessed in most parts of the world. The suspension of major automotive, aerospace, and electronics production facilities emerged as a major factor behind the weakened product supply. The manufacturers of conductive fabrics witnessed numerous roadblocks due to supply chain issues, logistics disruption, and restrictions on movement. However, the market has witnessed positive opportunities owing to increased expenditure in healthcare and military & defense.
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