Conductive Textiles Market by Fabric Type (Cotton, Nylon, Polyester, Wool), Type (Woven, Non-Woven, Knitted), End-User (Military & Defense, Healthcare, Sports & Fitness, Consumer Electronics), and Region - Global Forecast 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. The development of conductive fabrics using graphene inks and the increasing usage of conductive textiles in wearable fitness and medical devices are providing lucrative growth opportunities to manufacturers of conductive textiles.
Conductive textiles are fabrics that can conduct electricity. These textiles are used in various industrial applications, mainly to control static and provide shield electromagnetic interference. Conductive textiles can be manufactured inserting conductive additives or yarns, or by using different conductive coatings. The global conductive textiles market has been segmented on the basis of fabric type, type, end user, and region.
The woven textiles segment is the largest and fastest-growing type segment of the global conductive textiles market. High demand for woven textiles is mainly witnessed in the European and North American regions.
Based on end user, the military & defense segment accounted for the largest share of the global conductive textiles market in 2015. In addition, the sports & fitness end user segment is projected to grow at the highest CAGR during the forecast period. Furthermore, the increasing usage of conductive textiles in the development of wearable devices that are mainly utilized in the healthcare and sports & fitness sectors has contributed to the growth of the conductive textiles market.
Based on region, Europe is anticipated to lead the global conductive textiles market during the forecast period. Growth of the Europe conductive textiles market is mainly attributed to technological advancements in wearable technologies and continuous innovations in this market. Asia-Pacific is the fastest-growing region in the global conductive textiles market. This growth is mainly attributed to the high demand for conductive textiles from China, Japan, India, and South Korea.
Factors inhibiting the growth of the conductive textiles market are the high cost of finished products that has impacted the adoption of conductive textiles. Parker Chomerics (U.S.), Toray Industries, Inc., (Japan), Laird PLC (U.K.), Seiren Co., Ltd. (Japan), and Bekaert (Belgium) are some of the leading players operating in the conductive textiles market. These companies have adopted strategies such as new product launches, technology enhancements, acquisitions, and partnerships to meet the growing demand for conductive textiles and to increase their market share