Conductive Textiles Market Expected to Reach $6.3 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Conductive Textiles Market," The conductive textiles market was valued at $2.1 billion in 2022, and is estimated to reach $6.3 billion by 2032, growing at a CAGR of 11.8% from 2023 to 2032.

A conductive textile refers to a fabric or textile material that exhibits electrical conductivity, allowing for the transmission of electrical signals or currents. It is specifically engineered to possess conductivity through the incorporation of conductive elements, such as metallic fibers, conductive polymers, or conductive coatings.

One unique aspect of conductive textiles is their potential to enable the seamless integration of electronics into everyday fabrics, transforming them into functional and interactive surfaces. This opens up possibilities for smart home applications, where conductive textiles can be used to create intelligent and responsive environments through touch or gesture recognition. Conductive textiles also have the potential to enable advancements in human-computer interaction, where clothing and textiles can become interfaces for controlling devices or accessing digital information.

With increased consumer health consciousness awareness, rising disposable incomes in developing nations, and a desire to embrace the most cutting-edge fitness and healthcare practices, there is a growing demand for technologically advanced products that are simple to use. In addition, increasing awareness of the robust capabilities and applications of conductive fabrics may result in the widespread adoption of these textiles and related products.

In addition, growing awareness of the superior functionality and applications of conductive fibers has led to increased adoption of the fibers and related products in a variety of end-use industries, such as the military and defense sectors, which is anticipated to boost the market's rate of expansion. Additionally, conductive textiles are pliable, robust, lightweight, and durable. Consequently, the rising demand for innovative fabrics is anticipated to propel the global market for conductive fabrics and expand the conductive textiles industry. In addition, the convenience of recycling these textiles is anticipated to stimulate industry expansion.

On the other hand, fabric maintenance is a significant market hurdle. The high price of finished goods may hinder their adoption in emerging markets. Manufacturing costs of conductive fibers due to extensive research and development activities may hamper industry growth. In addition, the process of incorporating electronics into apparel is expensive, which drives up overall prices and restricts market growth. In addition, the development of conductive fabrics with graphene coatings and the growing use of conductive textiles in wearable fitness and medical devices present tremendous opportunities for the market for conductive textiles.

The conductive textiles market is segmented into fabric type, product type, end-use industry, and region. Depending on the fabric type, the market is divided into nylon, cotton, polyester, and wool. On the basis of product type, it is categorized into woven textile, non-woven textile, and knitted textile. As per the end-use industry, it is categorized into military and defense, healthcare, sports and fitness, consumer electronics, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of fabric type, the conductive textiles market is categorized into nylon, cotton, polyester, and wool. Nylon is projected to be the fastest-growing segment and has garnered the highest share in the conductive textiles market.

On the basis of product type, the conductive textiles market is categorized into woven textile, non-woven textile, and knitted textile. Non-woven textile is projected to be the fastest-growing segment and woven textile has garnered the highest share in the conductive textiles market.

On the basis of end-use industry, the conductive textiles market is categorized into military and defense, healthcare, sports and fitness, consumer electronics, and others. Military and defense is projected to be the fastest-growing segment and has garnered the highest share in the conductive textiles market.

The major players operating in the global conductive textiles market are UBE Corporation, 3M, TORAY INDUSTRIES, INC., Kolon Industries, Inc., Saint Gobain, KANEKA CORPORATION, Shinmax Technology Ltd., DuPont, Shieldex, and Coatex Industries.

Key findings of the study

• On the basis of fabric type, the nylon segment is expected to grow at a CAGR of 12.2%, in terms of revenue, during the forecast period.
• On the basis of product type, the non-woven textile segment is expected to grow at a high CAGR, in terms of revenue, during the forecast period.
• Depending on end-use industry, the military and defense segment is expected to grow at a CAGR of 12.3%, in terms of revenue, during the forecast period.
• Region wise, Europe garnered a major share in 2022 in terms of revenue.