The global conductive textiles market is expected to grow at a CAGR of 15.6 per cent from 2016 to 2021. Growth of smart fabrics market, increasing awareness of the advantages of conductive textiles across varied end-use industries, and the high demand for conductive textiles from the military and defense are the key factors driving the growth of this market.
The woven textiles segment accounts for the largest share of the global conductive textiles market. This large share is mainly attributed to the properties of woven textiles that make it a preferred material for various end use industries, such as military and defense, healthcare, and sports and fitness.
The military and defense segment is the largest end user segment of the global conductive textiles market. Textile-based materials equipped with nanotechnology and electronics play a key role in the development of technologically advanced military uniforms. There is a high demand for conductive textiles from the military and defense end user segment as soldiers require protection against extreme weather conditions, such as heat, cold, wind, and rain; ballistic impact; and nuclear, biological, and chemical threats. Additionally, these textiles also find applications in parachutes, safety harnesses, ropes, and tenting. Among all regions, Europe is anticipated to lead the global conductive textiles market.