ROCKVILLE, Md., Feb. 24, 2022 (GLOBE NEWSWIRE) -- Fact.MR- a market research and competitive intelligence provider- projects the global conductive textiles market to register a 12% CAGR, reaching US$ 6.5 Bn by the end of the 2021-2031 forecast period. As of 2021, the industry is poised to reach US$ 2.1 Bn, according to the report.
From 2016 to 2020, conductive textiles sales grew at a CAGR of 15.5%, and was valued at US$ 1.8 Bn by the end of the historical period. Extensive applications across the aviation and military sectors mainly sustained demand. Prospects undertook a significant plunge in the first half of 2020, attributed to the recessionary effects of COVID-19.
The intensity of global political uncertainty continues to rise, prompting countries to rev up their military budgets to confront security threats. As per a 2019 report published by SIPRI, global military spending was estimated at around US$ 1.8 trillion. A significant portion of this budget is directed towards procuring safety equipment for military personnel. For instance, procuring robust army suits endowed with lightweight yet sturdy material is thus augmenting demand for conductive textiles. Other similar developments will keep the market on an elevated trajectory.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Conductive Fabric market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Conductive Fabric
This newly published and insightful report sheds light on Market Insights of Conductive Fabric, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Conductive Fabric Market.
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Conductive Textile Market: Segmentation
Fact.MR has segmented the conductive textile market on the basis of product, fabric, end-use industry, and region.
Product
- Woven conductive textile
- Non-woven conductive textile
- Knitted conductive textile
- Wool
- Other products
Fabric
- Cotton
- Nylon
- Polyester
- Wool
- Other fabrics
End-use Industry
- Healthcare
- Military & Defense
- Sports & Fitness
- Consumer Electronics
- Aviation
- Automotive
Conductive Textile Market – Scope of the Report
The conductive textile market study done by Fact.MR gives exclusive information about how the market will grow during the forecast period of 2019 – 2027. The study predicts crucial trends that are determining the growth of the conductive textile market.
This newly published report sheds light on vital dynamics, such as drivers, restraints, and opportunities for key market players as well as emerging players associated with the manufacturing of conductive textile.
The report primarily conveys a summary of the market, considering the present and upcoming construction industry scenarios to reveal striking sides relating to the adoption of conductive textiles across prominent regional markets.
A detailed assessment of the market supply chain analysis, business execution, and value chain analysis across the regional markets have been provided in the report. A list of prominent companies operating in the conductive textile market enhance the reliability of this comprehensive research study.
Conductive Textile Market: Report Summary
The study offers an inclusive analysis on diverse features including demand, revenue generation, and sales by key players in the conductive textile market across the globe.
A comprehensive study on the market has been done through optimistic and conservative scenarios. The analysis and estimation of price point comparison by region with the global average price has been included in this study.
Conductive Textile Market: Analysis on the Market Size Evaluation
Existing predictions of the conductive textile market, encompassing current as well as forthcoming values estimates, analysis on region-wise demand trends, and price index have been assimilated in the report.
The market estimation at the regional and global scale of conductive textiles is available in terms of “US$ Mn”. A Y-o-Y growth contrast of the prominent conductive textile market segments, along with market attractiveness valuation computes have been incorporated in the report.
Metrics mentioned above are also based on conductive textile applications, where conductive textile witnesses a steady demand.
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Conductive Textile Market: Scrutinized Assessment on Regional Segment
The weighted sections have been elaborated in the report of the conductive textile market, which deliver projection on regional markets. These chapters’ highlight regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the conductive textile market during the forecast period.
Country-specific valuation on the demand for conductive textile has been offered for each regional market, along with market scope estimates and forecast, price index, price point assessment, and impact analysis of dynamics in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Conductive Textile Market: In-depth Analysis on the Competitive Landscape
The report offers the competitive scenario of the conductive textile market, along with profiles of prominent companies contributing to the market expansion. Essential and up-to-date data as well as information correlated to market performers, who are principally engaged in the production and supply of conductive textile, has been presented with the help of a detailed dashboard view.
The market share analysis and comparison of prominent players provided in the report permits readers to take preemptive steps in advancing their businesses.
Company profiles have been combined in the report, which exert essentials such as product portfolio, along with an all-inclusive SWOT analysis on each player. The company’s presence is mapped and presented through the matrix for all prominent players functioning in the conductive textile market.
It offers actionable insights to readers, which helps in thoughtfully presenting market status, and predicting competition levels in the conductive textile market.
Prominent companies operating in the global conductive textile market include Eeonyx Corporation, Laird, PLC, Metal Textiles Corporation, Seiren Co. Ltd, Swift Textile Metallizing, LLC, and Toray Industries, Inc. among others.
North America to Remain the Frontrunner in the Conductive Textiles Market
North America is expected to be a prominent region in the global conductive textile market in terms of revenue in 2019, and the trend is expected to continue throughout the forecast period. Revenue share from North America conductive textile market is anticipated to increase at a CAGR of ~5% during 2019-2027, to reach ~US$ 800 Mn by 2027. In terms of value North America is followed by Europe, which is a significant region in the conductive textile market. The market in these regions is on rise due to an increase in the number of surgeries performed in the healthcare sector per year, along with clinical traits added by conductive fabrics.
Asia Pacific is set to be the fastest growing region, owing to its massive military and defense industries and growing healthcare industry. In Asia Pacific, India and China are significant in the conductive textile market due to their increased spending for military and defense products, increasing healthcare industry, and growing awareness about values of conductive textiles for smart clothing. Furthermore, the significant growth of aviation and rising activities in aerospace in these regions will enhance the need for more sustained conductive materials. The conductive textile market in the Middle East and Africa is expected to witness stagnant growth throughout the forecast period.
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Report Benefits & Key Questions Answered
- Conductive Fabric Company & brand share analysis: The report offers brand-share analysis on Conductive Fabric market to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
- Conductive Fabric Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
- Conductive Fabric Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
- Conductive Fabric Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
- Conductive Fabric Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
- Post COVID consumer spending on Conductive Fabric: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Conductive Fabric sales.
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