Conductive Textile Market to be Dominated by Military & Defense Sector Through 2028
Increasing demand from sport & fitness sector is expected
to drive Global Conductive Textile market in the forecast period 2024-2028
According to TechSci Research
report, “Conductive Textile Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, Global Conductive
Textile market is anticipated to upsurge at an impressive rate in the forecast
period 2024-2028. A significant factor fueling the
growth of the Global Conductive Textile Market is the increasing use of conductive
textiles in the military and defense sectors. Conductive
textiles provide resilience, protection, and safety in challenging
circumstances, as well as incorporate cutting-edge equipment and materials into
uniforms. Moreover, conductive textiles are used in war area as they help in monitoring
the position of the enemy along with its use in communication and monitoring
the temperature of the soldier. Conductive textiles are also used in automotive
sector used as seat
heaters, airbags, and other safety devices which will
further fuel the growth of Global Conductive Textile market.
For instance, in 2020, AiQ Smart Clothing provided the solution for flexibility, lightweight, shielding, and highly electrically conductive textiles that can be installed in satellites, space stations, and many more.
Furthermore, the market is
being further stimulated by the extensive use of conductive textile in the
healthcare, construction, and sport & fitness sectors.
However, the high production
costs can slow down market growth. Also, less stability and maintenance issues can
further slowdown the market growth.
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Global Conductive
Textile Market is segmented based on product, fabric, application, and region.
Based on products, the market is segmented into woven,
knitted, and others.
Knitted will experience the highest market share
during the forecast period, 2024-2028. Knitted textiles are lightweight and possesses
properties including highly resistant to solar and ultraviolet radiation.
Based on fabric, the market is fabricated into cotton,
nylon, polyester, and wool.
Polyester will experience the highest market share
during the forecast period 2024-2028, due to its exclusive properties such as high
strength, stretch and shrinkage resistance, and chemical resistance.
Based on application, the market is categorized into military
& defense, healthcare, sport & fitness, and others. The Military
& Defense segment will experience the highest market share during
the forecast period 2024-2028. This is due to the rise in demand for
performance-enhancing garments.
Major
companies operating in the Global Conductive Textile Market are:
- Statex Produktions- und Vertriebs GmbH
- Toray Industries, Inc.
- Holland Shielding Systems BV
- HeiQ Materials AG
- Qindao Hengtong X-Silver Speciality
Textiles Co. Ltd.
- Seiren Co., Ltd.
- Herculite Inc.
- AiQ Smart Clothing
- Marktek, Inc.
- Swift Textile Metalizing LLC.
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“Europe
region is expected to grow at the highest rate during the forecast period due to
modern infrastructure and
technology, availability of large automobile industry and a highly qualified labor.
Additionally,growing medical industry along with advanced
technology, and rising demand from the consumers for smart fabric wearables creates
lucrative opportunities for market growth. Furthermore, in Asia Pacific, the
use of conductive textiles in wearables and transitioning trend help the health-conscious
consumers, increasing investment in the R&D sector to
bring new technology create huge prospects of market growth during the forecast
period,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Conductive Textile Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product
(Woven, Knitted, Others), By Fabric (Cotton, Nylon, Polyester, Wool), By
Application (Military & Defense, Healthcare, Sport & Fitness, Others),
By Region and Competition, has evaluated the future
growth potential of Global Conductive Textile Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Conductive Textile Market.”
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