The Conductive
textiles market Global Industry was valued at USD 1.02 billion in 2016
and is projected to reach USD 2.11 billion by 2026, at a CAGR of 15.6% from
2016 to 2021.
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Growing
awareness about the advantages of conductive textiles, high demand from the military
& defense sector, and growing smart fabrics market are key factors anticipated
to drive the growth of the conductive textiles market in the near future. Parker
Chomerics (U.S.), Toray Industries, Inc. (Korea), Laird PLC (U.K.), Seiren Co.,
Ltd. (Japan), Bekaert (Belgium), HITEK Electronic Materials Ltd. (U.S.), and AiQ
Smart Clothing (Taiwan) are some of the leading players in this market.
Key market players
have focused on the adoption of new product launches, technological
enhancements, partnerships, and collaborations to cater to the demand for
conductive textiles across various applications. The maximum
number of developments in the global conductive textiles market was reported in
2016.
In
October 2016, HITEK Electronic Materials Ltd. announced the arrival of a
solution, which helps eliminate the restrictions faced by conductive fabrics.
It has been a challenge for the industry to print directly on the fabric
surface. The newly developed technique of printing is made using nanotechnology
that does not affect the conductivity or performance of the fabric.
In February
2016, Parker Chomerics launched Therm-a-gap MCS30 that not only exhibits long-term thermal and physical reliability but also is resistant to thermal
oxidation degradation. Therm-a-gap MCS30 is a series of low weight-loss, fully
cured thermal filler pads for low deflection force applications with moderate
thermal conductivity and high reliability.
In June
2014, AiQ partnered with Chunghwa Telecom Co., Ltd. (Taiwan) and Broadcom
Corporation (U.S.) to provide smart shirt wearable solutions for vital sign
tracking systems. The Intelligent Sensor Shirt is integrated with conductive
fibers that sense a wearer's heart rate, skin temperature, and breathing rate, and send it to a device on the sleeve.
This gadget can easily pair with a tablet, phone, or other mobile devices via
Bluetooth.
In February
2014, the Japanese firm NTT, a parent company of DoCoMo, collaborated with
Toray Industries to develop a nanofiber-laced clothing with conductive fibers,
and a wristband that monitors vital signs and transmits the information to
smartphones.
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