The global conductive textiles market is expected to be
valued at USD 4.29 billion by 2025, according to a new report by Grand View
Research, Inc. Rising awareness about the high-tech wearables that can protect
the wearer, enable health monitoring, track the surrounding environment and
provide protection from hazardous pollutants in the environment are the factors
propelling market growth.
The augmenting demand from
healthcare as well as military industries is proposed to accelerate the growth
of the market. Expanding uses of conductive wearables to track the battlefield,
protect the soldier from attacks and constantly monitor health are attracting
conductive textiles in military and medical industries.
The increasing public funded
research and development coupled with various other government incentives are
projected to accelerate the production and thereby demand for the market.
Various EU funded projects have drawn a number of manufacturers towards the
market on account of developing innovative products to stay competitive in the
market.
Military and healthcare segments
are expected to collectively account for 56.6% of the global market in 2025.
The demand for these segments is attributed to smart and easy to carry
wearables that are flame, chemical, heat, moisture and perspiration resistant
and enable the wearer to track his heart rate, breathing and blood pressure.
The technological advancements in the products so as to enhance the
conductivity and performance of the garments is likely to fuel the demand for
conductive textiles over the forecast period.
North America is the leading
region owing to the early adoption and acceptance of conductive textiles from
the consumers. Extensive research and development carried out by leading
manufacturers in countries such as the U.S and Canada is anticipated to propel
the market growth. Technological advancements along with innovative product
developments in the region are proposed to augment the demand for the market.
Countries like Germany, U.K, China, India and Japan in the European and Asia
Pacific regions are also rapidly developing markets for conductive textiles.
U.S. Conductive Textiles
market revenue, by type, 2014 - 2025 (USD Million)
Browse full research report on Conductive Textiles Market: http://www.grandviewresearch.com/industry-analysis/conductive-textiles-market
Further key findings from the report suggest:
- The market is
expected to grow at a CAGR of 16.4% from 2017 to 2025 on account of
increasing awareness and adoption of conductive electronic based fabrics.
Sports and fitness segment is expected to witness fastest growth rate of
17.9%, in terms of revenue, from 2017 to 2025 owing to high product demand
in developed as well as emerging countries.
- North America
was valued at USD 472.9 million in 2016 and is expected to witness
significant development on account of rising demand from military as well
as medical sectors.
- Key
participants include Toray Industries, 3M, Bekaert, Laird PLC, Statex
Productions, Seiren Co Ltd., Holland Shielding Systems, Herculite, AIQ
Smart Clothing and Wujiang City Yuzhen Textile Co. Ltd. These companies
are focused on extensive innovation and increasing their production capacities
to fulfill the worldwide massive product demand.
- In 2017,
Toray signed a long term agreement on high performance carbon fiber with
Avio, a leading Italian aerospace company as an expansion strategy.
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-conductive-textiles-market
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, the company offers market intelligence studies ensuring relevant and
fact-based research across a range of industries including technology,
chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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