Several battery manufacturers are increasingly investing in these thin film and printed batteries, thereby propelling the growth of the market across the globe. Flexible battery design provides substantial benefits over its counterparts, which are usually bulky.
Each of these are large markets that show strong growth potential. The leading giants of thin film battery market will concentrate on developing high tech batteries equipped with superior features such as faster cycle times, high energy storage capacity, and high energy density, to sustain their position.
High-cost associated with these batteries and the availability of low-cost options including lithium-ion, zinc and nickel batteries have resulted in limited commercial success for these batteries. Printed batteries are recyclable and their voltage ranges between 1.
Request a Free Sample Technological advancement in the portable electronics field is anticipated to drive the global flexible battery market growth over the next few years.
Numerous hospitals are implementing various technologies such as mobile health applications, sensors, and remote patient monitoring in order to improve healthcare delivery. The ever-rising demand for technological innovative batteries from the industrial sector will stimulate thin film battery market growth.
LiPON-based thin lithium batteries serve the best purpose due to stable power supply, safety, long life time and high power storage. This is attributed to early adoption of this technology in various applications industries such as packaging, health care, etc.
Personal care, pharmaceutical and medical devices, and cosmetic patches are major beneficiaries of thin film and printed batteries. The rising adoption of EMV chip enabled credit cards integrated with thin film batteries will drive U. These days, thin film and printed batteries are majorly used in applications where the power is consumed for single use and does not need to be recharged.
There are several industries in which thin film and printed batteries can be applied such as entertainment, smart cards, smart packaging, entertainment, wireless communication and more. The other type, i. The high demand for smart appliances and wearable electronic devices across emerging economies such as China, India, and Japan will fuel Asia Pacific thin film battery market over the coming seven years.
However, technological advancements to produce high volt batteries and development of nanoparticle printed ink may create lucrative opportunities for major players in the global printed battery market over the forecast period.
What Information does this report contain. In August of last year, Solicore announced that they were awarded several key patents. Asia Pacific thin film battery industry is anticipated to witness significant growth due to heavy regional demand for wearable devices and increase in per-capita income in countries such as China, South Korea, and Japan.
Solicore made the following statement about this patent being granted: High adoption of fitness trackers, smart watches, and smart glasses across the globe pertaining to their light weight and compact size will stimulate thin film battery market from wearable electronics, which was valued at USD 80 million in It also emphasizes on the market drivers and opportunities of the global SLI Battery market for the upcoming period.
The global thin film and printed battery market is moderately consolidated by large number of participants. Wearable electronics segment is expected to expand at a moderate rate during the forecast period due to increasing demand for small, lightweight, compact size energy storage sources.
Chargeable batteries segment is expected to witness significant growth over the forecast period owing to its overheating property. The pertinent facts and figures gathered from the regulatory authorities are presented in the global SLI Battery research report to review the expansion of each segment.
Medical devices segment is also expected to expand significantly over the forecast period owing to the growing adoption of disposable medical equipment.
Similarly, STMicroelectronics introduced thin-film batteries which are rechargeable batteries having constant voltage recharge and a life cycle of almost 10 years. This report presents the worldwide Thin Film and Printed Battery market size (value, production and consumption), splits the breakdown (data status and forecast to ), by manufacturers, region, type and application.
A thin film is a layer of material ranging from fractions of a nanometer (monolayer) to several micrometers in thickness. A printed battery is a thin and flexible battery that consists of zinc (anode) and manganese dioxide (cathode) and is printed on recyclable plastic.
Scope of the Report: This. IDTechEX finds that thin, printed and/or flexible battery (or batteries with novel form factors) is a resurgent industry thanks to the rise of Internet of Things, wearables and environmental sensors.
These applications often require new form factors and designs that traditional battery. This report focuses on the Flexible Battery in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
- Thin-Film - Printed - Curved Market Segment by Applications, can be divided into - Packaging. According to Global Market Insights, Inc., “Thin Film Battery Market size worth USD million inis estimated to grow at a CAGR of 25% over the period of ” The various benefits allied with the use of thin film battery in electronics include lower cost.
Thin-film battery type is expected to hold a large share of the overall flexible battery market in Thin-film batteries are used widely in applications such as smart packaging, smart cards, wearable devices, and medical devices.Global thin film and printed battery