IMARC Group has recently released a new research study titled “Conductive Textiles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the conductive textiles market?
The global conductive textiles market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.6 Billion by 2028, exhibiting a growth rate (CAGR) of 15.6% during 2023-2028.
What is conductive textiles?
Conductive textiles combine the functionality of electronics with the comfort and versatility of fabrics. Also known as smart textiles or e-textiles, conductive textiles are woven or coated with conductive materials that enable the transmission of electrical signals. These textiles integrate electronic components and conductive pathways seamlessly into their structure, offering a wide range of applications in various industries.
The integration of electronics and sensors into clothing and accessories, conductive textiles enable fabrics to sense, communicate, illuminate, and interact with their environment. With their ability to merge electronics and textiles, conductive textiles find extensive applications ranging from fitness trackers and health monitoring devices to smart clothing with embedded lighting and communication capabilities.
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Market Trends:
The conductive textiles market is primarily driven by the increasing demand for wearable technology and smart textiles among consumers. In line with this, the growing product adoption in wearable sensors for patient monitoring, smart compression garments, and textile-based electrodes for electrical stimulation therapy is resulting in a higher product uptake in the medical industry. Moreover, the augmenting product demand for the manufacturing of advanced automotive interiors and the integration of smart features is driving the adoption of conductive textiles in this sector.
Furthermore, an enhanced focus on sustainability and environmental concerns are fueling the development of conductive textiles made from eco-friendly, bio-based and recyclable materials, thereby creating a positive market outlook. Some of the other factors contributing to the market include the proliferation of connected devices and Internet of Things (IoT), continual advancements in conductive materials and manufacturing techniques and strategic collaborations between textile manufacturers and technology companies.
Who are the key players operating in the industry?
The report covers the major market players including:
- 3M Company
- Bekaert S.A.
- Herculite Inc.
- Kinetic Polymers
- Seiren Co Ltd.
- Statex Produktions- und Vertriebs GmbH
- Swicofil AG
- TIBTECH Innovations
- Toray Industries Inc.
- UBE Industries Ltd
What is included in market segmentation?
The report has segmented the market into the following categories:
Based on Fabric:
- Cotton
- Nylon
- Polyester
- Others
Based on Product:
- Woven Textiles
- Non-Woven Textiles
- Knitted Textiles
Based on Application:
- Military and Defense
- Healthcare
- Sports and Fitness
- Others
Geographical Analysis:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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