This study underlines key opportunities in the conductive textile market and finds that the market would exhibit growth at a value CAGR of ~5% during the forecast period 2019- 2027. Worldwide sales of conductive textiles reached ~US$ 1,700 million in 2018, unveils the new research study by Fact.MR. According to the report, the conductive textile market is estimated to rise with a single digit CAGR, primarily influenced by the demand for smart conductive textile for a wide range of applications in various end-use industries. Usage of conductive textiles can revolutionize healthcare monitoring, treatment, and widespread use in the battlefield to monitor health and provide sustained treatment without the necessity of any heavily burdened healthcare services.
The global conductive textile market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each conductive textile market player in a comprehensive way. Further, the conductive textile market report emphasizes the adoption pattern of the conductive textile across various industries.
The conductive textile market report highlights the following players:
- Metal Textiles Corporation
- Swift Textile Metallizing, LLC
- Toray Industries Inc.
- Eeonyx Corporation
The conductive textile market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.
According to the report of Stockholm International Peace Research Institute, published in April 2019, the global military spending was estimated at around US$ 1822 billion, and geopolitical tensions are continuing to intensify the demand for advanced military equipment. Increasing military expenditure for advanced army suits will propel the conductive textile market growth during the forecast period.
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Although the global conductive textile market is highly fragmented, few prominent players in the conductive textile market are 3M Company, Eeonyx Corporation, Laird, PLC, Metal Textiles Corporation, Parker Hannifin Corporation, Seiren Co. Ltd, Swift Textile Metallizing, LLC, Toray Industries, Inc., and others. Stakeholders in the conductive textile market are focusing on technological advancements, product innovations, and adoption of new materials to find cost-effective solutions with ideal enhancements