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1st September 2017, New York, NY

Conductive textiles market to reach $2.11 billion

The military and defence segment is the largest end user segment of the global conductive textiles market. The global conductive textiles market was valued at US$ 1.02 billion in 2016 and is projected to reach US$ 2.11 billion by 2021, at a CAGR of 15.6% from 2016 to 2021, according to the recent report published by Reportlinker.

Growth of the smart fabrics market, increasing awareness of the advantages of conductive textiles across varied end-use industries, and high demand for conductive textiles from the military and defence sector are key factors driving the growth of this market. High cost of finished products affecting the pricing structure acts as a key restraint to the growth of the global conductive textiles market.

The woven textiles segment accounted for the largest share of the global conductive textiles market in 2015. This large share is mainly attributed to the properties of woven textiles that make it a preferred material for various end-use industries, such as military and defence, healthcare, and sports and fitness.

Military and defence

The military and defence segment is the largest end user segment of the global conductive textiles market. Textile-based materials equipped with nanotechnology and electronics play a key role in the development of technologically-advanced military uniforms. There is a high demand for conductive textiles from the military and defence end user segment, as soldiers require protection against extreme weather conditions, such as heat, cold, wind, and rain; ballistic impact; and nuclear, biological, and chemical threats. Additionally, these textiles also find applications in parachutes, safety harnesses, ropes, and tenting.

Among all regions, Europe is anticipated to lead the global conductive textiles market. The growth of the European conductive textiles market is mainly driven by technological advancements in wearable technologies. The conductive textiles market in the Asia-Pacific region is expected to grow at the highest CAGR from 2016 to 2021. This growth is primarily attributed to the high demand for conductive textiles from the sports and fitness and healthcare sectors in the Asia-Pacific region.

Report coverage

The report, titled Conductive Textiles Market by Fabric Type, Type, End-User, and Region - Global Forecast to 2021, defines, segments, and projects the global conductive textiles market on the basis of type, fabric type, end user, and region. It provides detailed information regarding major factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges. It strategically profiles key players and analyses their market share and core competencies as well as tracks and analyses competitive developments.

The research provides a comprehensive review of market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by varied market players, such as Parker Chomerics (US), Toray Industries, Inc. (Japan), Laird PLC (UK), Seiren Co., Ltd. (Japan), and Bekaert (Belgium), among others.

www.reportlinker.com

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