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Conductive Textiles Market worth 2.11 Billion USD by 2021
by upasna · September 4, 2018
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 A.J. Brown Titans Jersey , 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. Jeffery Simmons Titans Jersey , 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 Jurrell Casey Titans Jersey , 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.
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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 Derrick Henry Titans Jersey , and send it to a device on the sleeve. This gadget can easily pair with a tablet, phone, or other mobile devices via Bluetooth.