The global market for conductive textiles is likely to witness a robust growth during the forecast period of 2017-2022. In the year 2017, the market for conductive textiles is estimated to be valued at nearly US$ 1.7 Bn.
Albany, NY -- (SBWIRE) -- 10/11/2017 -- Conductive textiles are fabrics woven with a combination of metal or carbon strips in order to increase their conductivity. Wearers of conductive textiles are shielded against electromagnetic interference. This conductivity can be brought into effect by using either conductive yarn or by using conductive coatings. Mostly, the end use of such fabrics decides the type of material to be used for the production of conductive textiles. The market for conductive textiles is increasing at a fast pace the world over and this trend is set to continue in the coming years. Conductive textiles provide a number of benefits and can be used in various sectors in the backdrop of rising technological innovation and the increasing use of electronics. Another factor prompting the use of conductive textiles is their simple structure. They can be fabricated from various types of materials and serve their purpose in a number of industries.
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Conductive textiles have found increasing application in the fitness apparel industry and this is driving the demand for conductive textiles. In addition, the military and defense sectors also have several uses and applications for conductive textiles. As the time progresses, there are going to be new areas of application for conductive textiles keeping in mind their diverse utility. In this context, to study the market of conductive textiles in greater detail, the Market Research Reports Search Engine (MRRSE) has introduced a new report in its vast database titled 'Conductive Textiles Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022'.
Global Market Forecast
As pre the estimates, the global market for conductive textiles is likely to witness a robust growth during the forecast period of 2017-2022. In the year 2017, the market for conductive textiles is estimated to be valued at nearly US$ 1.7 Bn.
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Areas of Application for Conductive Textiles
One of the major uses for the conductive textiles is the type of clothing that can sense various type of biomarkers in the wearer. Such type of clothing is used by fitness enthusiasts, especially in the urban areas, where there is an increasing awareness about health and exercise in order to stay fit and healthy. Such type of clothing is worn by fitness enthusiasts that are fitted with sensors which can monitor the heart rate, body temperature, etc. Such type of sensors need conductive textiles in order to gather data which is accurate. The military and the defense sector are having a huge demand for conductive textiles and this trend is going to continue in the years to come. This is due to the fact that there is a rising use of electronic sensors in the modern military outfits. Hence, such type of advanced military outfits are preferred by the armies all across the world, in order to gain a tactical advantage and this is likely to drive the demand for conductive textiles in this sector.
Regional Market Forecast
North America is the most lucrative market for conductive textiles. This is due to the presence of a number of innovators in the electronics and semiconductor industry. In addition, there are a number of application sectors present in the North America region which is likely to boost the market for conductive textiles in this region. In the year 2022, the North America market for conductive textiles is estimated to be valued at US$ 445 Mn. This translates into a 5.5% CAGR during the assessment period of 2017-2022. Also, the demand for conductive textiles is also going to increase in the regions of Europe and Asia Pacific excluding Japan, as the countries in these regions are modernizing their armies.
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