I don't think it will die out, but I do believe that it will morph/evolve into something that is different than what began as quilting. We already have the "techno-quilting" with gadgets that cut for us so we don't have to, gadgets/machines that sew while we make coffee somewhere else, etc.
If you are seemingly the only one who is doing the craft in your area, you could very well feel like a dying breed. You would feel unappreciated for your work.
But you have us on this board who will hold you up, and let you know that you are valuble to us, to your world, to the craft. Hang in there. You are not alone. ((Hugs))