Conductive textiles are clothing capable of electrical conductivity between the garment and a portable device. Also referred to as e-textiles or smart textiles, they are usually made from intrinsically conductive polymers and paired with electronic conductive elements, such as gold and titanium. Fabrics used in these textiles include cotton, wool, polyester, and nylon. The miniaturization of electronic components and growing trend of wearable devices are expected to create a niche for smart textiles.
Military & Defense: The Largest Consumer of Conductive Textiles
Major end-users of conductive textiles include sports and fitness, healthcare, and military and defense. The military and defense and healthcare sectors were the biggest end-users in 2016. This can be attributed to the heat and chemical resistant nature of these textiles. Technological advances in these textiles allow the users to monitor their health with the help of a smartphone application. Ohamatex, a manufacturer of smart textiles, has created a stocking capable of detecting edema in patients.
The smart shirt by Vexatec, possesses the inherent capability of recording vital health parameters, such as heart rate and blood pressure. The sports and fitness application segment is predicted to register the fastest CAGR of 17.9% over the forecast period (from 2018 to 2025) due to increasing demand of smart clothing from athletes and health enthusiasts. Increasing health consciousness can also be credited to the purported growth rate.
Market Overview
The global conductive textiles market is projected to reach at USD 4.29 billion by 2025, expanding at a CAGR of 16.4% from 2018 to 2025, according to insights found in a report by Grand View Research, Inc. Applications in military and healthcare sectors are anticipated to stimulate market growth by 2025. Increasing consumer awareness regarding smart clothing and technological advances driven by government funds are also expected to fuel market development. Some of the key companies in this market include The 3M Company, Statex Produktions & Vertriebs GmbH, NV Bekaert SA, and Holland Shielding Systems BV.
In-Depth Research Report On Conductive Textiles Market:
https://www.grandviewresearch.com/industry-analysis/conductive-textiles-market
No comments:
Post a Comment