Stratview Research has published a new report titled “Conductive Textiles Market” which is segmented by Fabric Type (Cotton, Nylon, Polyester, and Wool), by Type (Woven Conductive Textiles, Non-Woven Conductive Textiles, and Knitted Conductive Textiles), by End-User Type (Military & Defense, Healthcare, Sports & Fitness, Consumer Electronics, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, Conductive Textiles Market is expected to grow form USD 1.41 billion in 2021 to USD 4.22 billion by 2028 at an impressive CAGR of 16.7% during the forecast period of 2022-2028. Growing advantages of conductive textile, acclaimed demand from the developing fabrics market, and military & defense sector are the prime factors that are driving the market globally.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on the type, the market is segmented as woven conductive textiles, non-woven conductive textiles, and knitted conductive textiles. The woven conductive textiles segment is estimated to register the highest growth in the coming five years. It is also the largest and fastest-growing segment. The sturdiness and suppleness of woven textiles make them the preferred choice to be used in various end-use industries which drives the growth of this segment.
Based on the end-user type, the market is segmented as military & defense, healthcare, sports & fitness, consumer electronics, and others. The sports & fitness segment is expected to depict the highest growth during the forecast period. Growing cognizance about the significance of sports is the prime factor that is bolstering the growth of this segment.
Which Region is expected to remain the largest market?
In terms of regions, Asia-Pacific is expected to register the highest growth in the conductive textiles market during the forecast period. China and India are the growth engines of the region. The market is driven by the growing awareness about the application and advantages of conductive textiles in the region. North America and Europe are also expected to offer considerable growth opportunities in the coming five years.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Conductive Textiles Market:
- Toray Industries Inc.
- Laird PLC
- Seiren Co. Ltd.
- Hitek Electronic Materials Ltd.
- Emei Group
- Sheildex Trading, Inc.
- Holland Shielding System
- MarKTek Inc.
- Coatex Industries
- Swift Textile Metalizing LLC
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