The global conductive textiles market is expected to grow at a CAGR of 15.6 per cent by 2021. A conductive textile is a fabric which can conduct electricity and it can be made with metal strands woven into the construction of the textile.
Army and defense are the largest users of conductive textiles all around the world. Functional textile-based materials equipped with nanotechnology and electronics play a major role in the development of technologically advanced military uniforms and other handy products. A soldier requires protection against extreme weather conditions, like heat, cold, wind, and rain; ballistic impact and nuclear, biological or chemical threats. Additionally, these textiles also find applications in parachutes, safety harnesses, ropes and tenting.
Europe is anticipated to lead the global conductive textiles market. Growth is mainly driven by technological advancements in wearable technologies. The conductive textiles market in the Asia-Pacific region is expected to grow at the highest CAGR from 2016 to 2021. This growth is primarily attributed to the high demand for conductive textiles from the sports and fitness and healthcare sectors in the Asia-Pacific region.
Bangladesh can be a major conductive textile manufacturer. Already Bangladesh has been producing functional jackets for sports brands like Decathlon, Nike, Puma, Adidas etc.
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