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The global conductive textiles market is projected to grow at a CAGR of 15.6% from 2016 to 2021
The global conductive textiles market was valued at USD 1.02 billion in 2016 and is projected to reach USD 2.11 billion by 2021, at a CAGR of 15.6% from 2016 to 2021. Growth of the smart fabrics market, increasing awareness of the advantages of conductive textiles across varied enduse industries, and high demand for conductive textiles from the military defense 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.
Woven textile is the largest type segment of the global conductive textiles market
The woven textile 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 enduse industries, such as military defense, healthcare, and sports fitness.
Military defense is the largest end user segment of the global conductive textiles market
The military defense segment is the largest end user segment of the global conductive textiles market. Textilebased materials equipped with nanotechnology and electronics play a key role in the development of technologicallyadvanced military uniforms. There is a high demand for conductive textiles from the military defense 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.
Europe is projected to lead the global conductive textiles market during the forecast period
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 AsiaPacific 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 fitness and healthcare sectors in the AsiaPacific region.
Profile breakup of primary participants for the report:
By Company Type: Tier 2 65% and Tier 3 35%
By Designation: C Level 30%, D Level 15%, and Others 55%
By Region: AsiaPacific 35%, Europe 30%, North America 25%, Middle East Africa 5%, and South America 5%
Furthermore, as a part of qualitative analysis, 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 U.S., Toray Industries, Inc. Japan, Laird PLC U.K., Seiren Co., Ltd. Japan, and Bekaert Belgium, among others.
The report 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 industryspecific challenges. It strategically profiles key players and comprehensively analyzes their market share and core competencies as well as tracks and analyzes competitive developments such as partnerships, contracts, and joint ventures; mergers acquisitions; expansions; new product launches; and research development activities in the market.
Reasons to buy the report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of revenue numbers of the global conductive textiles market and its subsegments. This report will also help stakeholders better understand the competitor landscape, gain more insights to better position their businesses, and make suitable gotomarket strategies. The report will help stakeholders understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
Original Article: Conductive Textiles Market by Fabric Type Cotton, Nylon, Polyester, Wool, Type Woven, NonWoven, Knitted, EndUser Military Defense, Healthcare, Sports Fitness, Consumer Electronics, and Region Global Forecast to 2021 [Report Updated: 11042017] Prices frNEXT ARTICLE
Health care (or healthcare) is the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in humans. Health care is delivered by practitioners in medicine, chiropractic, dentistry, nursing, pharmacy, a...