Hexa Reports Industry Conductive Textiles Market | Page 2

Military and healthcare segments are expected to collectively account for 56.6% of the global market in 2025.
The demand for these segments is attributed to smart and easy to carry wearables that are flame, chemical,
heat, moisture and perspiration resistant and enable the wearer to track his heart rate, breathing and blood
pressure. The technological advancements in the products so as to enhance the conductivity and performance
of the garments is likely to fuel the demand for conductive textiles over the forecast period.
North America is the leading region owing to the early adoption and acceptance of conductive textiles from
the consumers. Extensive research and development carried out by leading manufacturers in countries such as
the U.S and Canada is anticipated to propel the market growth. Technological advancements along with
innovative product developments in the region are proposed to augment the demand for the market.
Countries like Germany, U.K, China, India and Japan in the European and Asia Pacific regions are also rapidly
developing markets for conductive textiles.
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Further key findings from the report suggest
 The market is expected to grow at a CAGR of 16.4% from 2017 to 2025 on account of increasing
awareness and adoption of conductive electronic based fabrics. Sports and fitness segment is expected
to witness fastest growth rate of 17.9%, in terms of revenue, from 2017 to 2025 owing to high product
demand in developed as well as emerging countries.
 North America was valued at USD 472.9 million in 2016 and is expected to witness significant
development on account of rising demand from military as well as medical sectors.
 Key participants include Toray Industries, 3M, Bekaert, Laird PLC, Statex Productions, Seiren Co Ltd.,
Holland Shielding Systems, Herculite, AIQ Smart Clothing and Wujiang City Yuzhen Textile Co. Ltd.
These companies are focused on extensive innovation and increasing their production capacities to
fulfill the worldwide massive product demand.
 In 2017, Toray signed a long term agreement on high performance carbon fiber with Avio, a leading
Italian aerospace company as an expansion strategy.
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