Global Electric Yarn and Fabric Market Trends and Forecast
Lucintel finds that the future of the global electric yarn and fabric market looks good with opportunities in the computer/peripherals, communications, consumer electronics, industrial, automotive, military/aerospace, and industrial applications. The global electric yarn and fabric market is expected to reach an estimated $2 billion by 2030, and it is forecast to grow at a CAGR of 4% from 2024 to 2030. The major drivers for this market are growth in the demand for increasing demand for electric yarn and fabric in the communication industry, growth in connected devices, and advancement in automotive electronics.
Materials such as cotton, polyester and nylon as well as conductive fibers like carbon, silver-coated fiber and metallic fibers are the major raw materials in the global electric yarn and fabric market. Conductive polymers coatings or advanced composites enhance durability and conductivity. There is also an increase in costs due to the fact that these fabrics are made from special conductive fibers compared to conventional textiles. Nevertheless, supply chain efficiencies, production scale, and technological advancements drive prices with a premium accorded for enhanced performance and unique functionalities of electric textiles.
• Lucintel forecasts that PCB based electric yarn and fabric will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to increasing demand for multilayers PCB with less micron filament of electric yarn and fabric for 5G communication market.
• Computers/peripherals will remain the largest end use industry during the forecast period due to increasing demand for computer systems in business, healthcare, and educational sectors. The consumer electronics segment is expected to witness the highest growth due to the increasing demand for connected devices.
• Asia Pacific is expected to remain the largest market and witness the highest growth over the forecast period due to the increasing electronic content in automotive, and growth in consumer electronic devices and telecommunication products. Increasing usage of electric vehicles due to growing environmental concerns and regulations is also expected to drive the demand for electric yarn and fabric in this region
Materials such as cotton, polyester and nylon as well as conductive fibers like carbon, silver-coated fiber and metallic fibers are the major raw materials in the global electric yarn and fabric market. Conductive polymers coatings or advanced composites enhance durability and conductivity. There is also an increase in costs due to the fact that these fabrics are made from special conductive fibers compared to conventional textiles. Nevertheless, supply chain efficiencies, production scale, and technological advancements drive prices with a premium accorded for enhanced performance and unique functionalities of electric textiles.
• Lucintel forecasts that PCB based electric yarn and fabric will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to increasing demand for multilayers PCB with less micron filament of electric yarn and fabric for 5G communication market.
• Computers/peripherals will remain the largest end use industry during the forecast period due to increasing demand for computer systems in business, healthcare, and educational sectors. The consumer electronics segment is expected to witness the highest growth due to the increasing demand for connected devices.
• Asia Pacific is expected to remain the largest market and witness the highest growth over the forecast period due to the increasing electronic content in automotive, and growth in consumer electronic devices and telecommunication products. Increasing usage of electric vehicles due to growing environmental concerns and regulations is also expected to drive the demand for electric yarn and fabric in this region
Country wise Outlook for the Global Electric Yarn and Fabric Market
The global electric yarn and fabric market is witnessing substantial growth, driven by increased demand from various industries. Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. Below image highlights recent developments by major global electric yarn and fabric market producers in key regions: China, USA, Germany, and India.
Emerging Trends in Global Electric Yarn and Fabric Market
Emerging trends in Global Electric Yarn and Fabric Market are shaping its future applications and market dynamics:
1. Development of Smart Wearable Technology: It involves inclusion of sensors and conductive fibers into fabrics to monitor health measures, give haptic feedback, and improves interactive capabilities. They create smart garments for fitness tracking, medical monitoring and lifestyle applications.
2. Energy Harvesting Textiles: Textiles that can collect energy from solar, body movements and heat have been made. These materials are capable of charging devices or powering built-in sensors. There is investigation taking place on piezoelectric and thermoelectric materials which can change mechanical stress as well as temperature differences into electric energy.
3. Innovation of Conductive Materials and Nanotechnology: The conductivity of textiles while maintaining their fabric flexibility can be enhanced by using sophisticated materials such as carbon nanotubes, graphene and metallic fibers. Some nanotechnology applications for the creation of better electrical properties in textiles
4. Development of Flexible and Stretchable Electronics: There has been development of electronic textiles that are stretchable/flexible for use in active wear to allow easy movement ,comfort while still maintaining electrical performance. Innovative textile structures plus conductive material which can make them stretchable but not lose conductivity.
5. Interactive and Functional Fashion: These fashionable elements also merge technology with aesthetics by changing colors, illuminating or responding to touch just like normal clothes do. Collaboration between Tech companies with fashion designers producing digital clothing
6. Environmental Sustainability: This aims at making sustainable/ environmentally friendly electric yarns as well as electric fabrics, this includes recycling used materials that decompose over time. Development of low-energy manufacturing processes plus low- impact raw materials.
A total of 89 figures / charts and 76 tables are provided in this 181-page report to help in your business decisions. A sample figure with insights is shown below.
Recent Developments by the Global Electric Yarn and Fabric Market
Recent developments in global electric yarn and fabric by highlight ongoing innovations and advancements across different sectors
• Technological Innovations: Advancements in smart textiles have led to more efficient and versatile electric yarns. These innovations involve the incorporation of conductive fibers, sensors, and advanced materials to augment their functionality.
• Increased Demand for Wearable Technology: The popularity of wearable technology is rising as such it has necessitated the increased demand for electric yarn and fabrics. These garments have been used for smart clothing, health monitoring devices, fitness trackers requiring flexible and durable conductive textiles.
• Healthcare Applications: Electric yarns and fabrics are increasingly being utilized in healthcare for application like smart bandages, health monitoring garments, and therapeutic clothing. Such applications can enable real-time health information capture while improving patient care.
• Expansion in Consumer Electronics: In this regard, consumer electronics are increasingly using electric yarn where they tend to use it a lot in products like smartwatches or VR headsets as well as other wearable devices that renders new functionalities or better user experiences.
• Sustainability Focus: There are ongoing efforts within the electric yarn market to promote environmentally friendly practices Companies are coming up with production processes that are not harmful to the environment by making them ecofriendly and also utilizing recycled materials to make electrical conducting textiles.
• Expansion into New Markets: Electric yarn manufacturers are now venturing into new geographical markets especially Asia-Pacific region including Europe where there is an increasing demand for smart textiles.
• Regulatory and Compliance Developments: Regulatory changes affect the market. Different companies have therefore taken steps towards compliance with new safety standards, performance requirements or environmental regulations.
Strategic Growth Opportunities for Global Electric Yarn and Fabric Market
• Wearable Technology: Electric yarn and fabric demand is driven by the emergence of wearable technology such as smart clothes and fitness trackers which incorporate such materials, sensors, electronics and health monitors, fitness trackers among others. Companies that specialize in wearable technology innovation can take advantage of this expanding market.
• Healthcare Applications: At present, electric yarns and fabrics are being employed in healthcare to create smart textiles for monitoring vital signs, drug administration and supporting rehabilitating patients. The opportunity for growth is immense due to the rising need for solutions for remote patient monitoring especially with regards to aging populations as well as chronic disease management.
• Automotive Industry: Heated seats, integrated lighting or displays on seatbacks as well as interactive interiors are some of the applications of electric yarns and fabrics that manufacturers are using within the automotive sector. This has necessitated an increase in use of cutting-edge materials by car makers so as to achieve comfortability and performance improvement with connected and autonomous vehicles’ development.
• Smart Home and IoT: Electric yarns and fabrics when integrated into home textiles like curtains carpets or upholstery turns them into interactive smart home devices; they can control lighting, regulate temperature or even act as speakers which is in line with increasing household adoption rates of internet of things (IoT) technologies.
• Sports and Fitness: Smart apparel made from electric yarns /fabrics are used in creating sports gear that can monitor physical activities track performance during workouts, etc., while providing real-time feedback. What this means is that there will be greater demand for intelligent sportswear since athletes have better training experience.
• Military and Defense: Military uniforms can be developed having capabilities such as communication enhancement, temperature regulation among other things through electric yarns/fabrics which have a big potential for their utilization on military purposes particularly serving soldiers’ needs better by integrating technology into their outfitting systems. Investment in research plus partnerships with defense agencies could unlock valuable opportunities in this field.
Global Electric Yarn and Fabric Market Drivers and Challenges
Within the broader textile and electronics industries, the global electric yarn and fabric market is emerging as a crucial segment that is driven by technology and the growing integration of smart technologies into various applications. This market is set to experience notable growth due to technological advances, and increased use of smart technologies in different sectors. Electric yarn and fabrics play a major role in making out-of-the-box products within wearable electronics, smart home textiles as well as many others used in industries. However, this new market has its challenges such as high production costs, complex manufacturing processes or even durability concerns. For people with interests in investing in electric yarn and fabric globally it is important that they understand these driving factors plus challenges so as to exploit opportunities while averting obstacles.
The key drivers for the global electric yarn and fabric market include:
1. Technological Developments: Progressive developments in smart textiles, conductive fibers, and electronic textiles enhance the role of electric yarns and fabrics in expanding their market.
2. Rapidly Increasing Adoption of Wearable Electronics: The growing popularity of wearable electronics for fitness, health monitoring, and fashion drives the demand for electric yarn and fabric as crucial components.
3. Increasing Awareness on Health and Fitness: The need to have smart textiles that are fitted with sensors and monitoring devices due to increased consumer focus on health is fostering the growth of electrical yarns & fabrics.
4. Expanding Applications across Industries: Electric yarns and fabrics are now being employed in industries including automobile, defense and aerospace beyond wearables because they are conductive and smart.
5. Supportive Government Policies and Funding: Government initiatives towards research as well as funding for R&D into smart textiles alongside electronic fabrics stimulate market innovation leading to growth.
6. Growing Demand for Smart Home Textiles: Increasing use of intelligent home products such as electric curtains, beddings among others has caused a rise in demand for electric yarns & fabrics.
The challenges in the global electric yarn and fabric market include:
1. High Production Costs: It is expensive to produce electric yarns & fabrics since manufacturing involves utilization of advanced materials plus technology leading to high production costs which can impede mass adoption levels.
2. Complexity in Manufacturing: The textile industry needs specialized equipment’s that can handle complex process on how to integrate electronic components into them thus posing challenges when it comes to production line.
3. Durability/Wash-ability Issues: Maintaining durability while washing or cleaning these delicate electrical threads remains a big challenge even though washing should not hinder its functionality either durability must be ensured at all cost.
4. Limited Consumer Awareness: Low level awareness about benefits or applications of such electrical threads prevents many potential buyers from buying them hence reducing penetration rate within this segment.| Standardization/Regulatory Issues. Due to lack of standardized regulations or test methods regarding such threads it becomes difficult for many companies especially those intending to deal with them in their innovations to flourish in the market.
5. Data Privacy and Security Concerns: It is simply because data privacy and security can be a major concern particularly when it comes to wearable technology segments.
In conclusion, the global electric yarn and fabric market is driven by technological advancements, growing consumer demand for wearable electronics and diversification of their applications. Stable government policies and increasing smart home textile requirements boost market potential. Nonetheless, there are challenges that must be addressed in order to unlock its fullest potentials such as high production costs, manufacturing complexity, durability matters and standardization. With effective navigation through these challenges, the involved parties will take advantage of emerging opportunities resulting from not only this market’s innovation but also its fast growth rate.
Global Electric Yarn and Fabric Suppliers and Their Market Shares
In this globally competitive market, several key players such as Taiwan Glass Group, Nittobo, Kingboards Laminates Holding, CPIC Fiberglass, Nan Ya Plastic and Fulltech Fiberglass Corp etc. dominate the market and contribute to industry’s growth and innov
Electric Yarn and Fabric Market by Segment
The major growing segments in the Global Electric Yarn and Fabric Market are: computers/peripherals, communication, consumer electronics, industrial electronics, automotive, military/aerospace, and others. The demand for advanced multifunctional textiles that can monitor health parameters as well as optimize performance or boost safety explains the driving force behind these segments of this industry. Other factors include technological advancements and increasing consumer awareness
Electric Yarn and Fabric Market by Application [Value ($M) and Volume (M lbs) Analysis for 2018 – 2030]:
• PCB
• Sleeves
• Axle
• Others
Electric Yarn and Fabric Market by End Use [Value ($M) and Volume (M lbs) Analysis for 2018 – 2030]:
• Computers/Peripherals
• Communication
• Consumer Electronics
• Industrial Electronics
• Automotive
• Military/aerospace
• Others
Electric Yarn and Fabric Market by Region [Value ($M) and Volume (M lbs) Analysis for 2018 – 2030]:
• North America
• Europe
• Asia Pacific
• Rest of the World
Features of Electric Yarn and Fabric Market
• Market Size Estimates: Electric yarn and fabric market size estimation in terms of value ($M) and volume (M lbs)
• Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
• Segmentation Analysis: Market size by end use and application
• Regional Analysis: Bathtub market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis of growth opportunities in different end use, application and regions for the global electric yarn and fabric market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the global electric yarn and fabric market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
If you are looking to expand your business in composites in the global electric yarn and fabric market or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
FAQ_
Q1. What is the global electric yarn and fabric market size?
Answer: The global electric yarn and fabric market is expected to reach an estimated $2 billion by 2030.
Q2. What is the growth forecast for global electric yarn and fabric market?
Answer: The global electric yarn and fabric market is expected to grow at a CAGR of 4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the global electric yarn and fabric market?
Answer: The major drivers for this market are growth in the demand for increasing demand for electric yarn and fabric in the communication industry, growth in connected devices, and advancement in automotive electronics..
Q4. What are the major applications or end use industries for electric yarn and fabric?
Answer: Computer/peripherals and communication are the major end uses for electric yarn and fabrics.
Q5. What are the emerging trends in global electric yarn and fabric market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, development of smart wearable technology, energy harvesting textiles, innovation of conductive materials and nanotechnology, and development of flexible and stretchable electronics.
Q6. Who are the key electric yarn and fabric companies?
Answer: Some of the key electric yarn and fabric companies are as follows:
• Taiwan Glass Group
• Nitto Boseki Co. Ltd.
• Kingboard Laminates Holding Ltd.
• CPIC
• Nan Ya Plastic
• Fulltech Fiber Glass Corporation
• CYC Composites
• Taishan Fiberglass Inc.
• AGY Holding Corporation
• Grace Fabric Technology Co. Ltd.
Q7.Which electric yarn and fabric product segment will be the largest in future?
Answer: Lucintel forecasts that PCB based electric yarn and fabric will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to increasing demand for multilayers PCB with less micron filament of electric yarn and fabric for 5G communication market.
Q8. In global electric yarn and fabric market, which region is expected to be the largest in next 7 years?
Answer: APAC will remain the largest region and is expected to witness the highest growth over next 7 years.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1 What are some of the most promising potential, high growth opportunities for the global electric yarn and fabric market end use industry (computers/peripherals, communication, consumer electronics, industrial electronics, automotive, military/aerospace and others), application(PCB, sleeve, axle, and others) and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?