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Conductive Textile Market Top Key Players Parker Chomerics, Seiren Company Limited, Nanophase Technologies Corporation, Buhler, Toray Industries Incorporated, Holland Shielding Systems, 3M, Swift Textile Metalizing and Laird PLC
Global Market Insights, Inc.
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The prominent end users of the conductive textile market share are military & defense, sports & fitness, consumer electronics, healthcare and others (aviation, architecture and automotive industries). In 2015, military & defense industry had a major share in global conductive textiles market size followed by sports & fitness and healthcare industry. Light weight, tightly woven product is majorly used in applications such as military parachutes and ship sails. The product is also used in manufacturing conductive ground planes and in radar reflection across military & defense end-users. It is used in various health & fitness equipment such as wearables and pain relief belts. Wearables are garments which have inbuilt sensors for calculating parameters such as calories burnt, distance travelled, blood pressure, etc.
The demand for wearable conductive textiles, which are robust as well as comfortable, is rising in military and defense applications such as for use in uniforms and other supporting jackets and garments. For instance, Vorbeck Materials Corporation and Bluewater Defense Inc. came together to launch wearable antennas, a product designed using conductive textiles, for tactical, military and commercial uses.
Increased health awareness among consumers, rising disposable income in developing economies and intent to use modern methods for fitness and healthcare, there is a huge demand for products that are simple yet high-on technology, which will subsequently boost the conductive textiles market size in the forecast period. For instance, the product is widely used in smart textiles (for wearable technology) across health & fitness industry (for example: as pain relief fabric). Furthermore, the product demand will be benefitted from the electronic goods industry on account of consumer electronics boom across the globe.
The high cost associated with conductive textiles manufacturing, which increases the overall price of the finished product is the prime hurdle in the conductive textiles market share in the coming years. However, companies are trying to simplify circuits involved in the product manufacturing by adopting other techniques such as inkjet printing and fabric dyeing.
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In 2015, North America and Europe were the major conductive textiles market share contributors owing to the technological advancements and innovative solutions in healthcare and fitness sector. Asia Pacific is upcoming due to the rising product demand in South Korea, Japan, China and India. Moreover, India is investing heavily in its military operations and promoting the sports & fitness programs across the country, which will further push the regional conductive textiles market size over the forecast timespan.
The major players operating in the conductive textiles market size are Parker Chomerics, Seiren Company Limited, Nanophase Technologies Corporation, Buhler, Toray Industries Incorporated, Holland Shielding Systems, 3M, Swift Textile Metalizing and Laird PLC.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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