Japan Mobile Battery Market Outlook – 2030
The Japan mobile battery market size was valued at $0.92 billion in 2020, and is projected to reach $1.43 billion by 2030, growing at a CAGR of 4.5% from 2021 to 2030. Mobile battery is the energy storage device used in smartphones or non-smartphones for the proper working of mobiles. Growing developments in smartphones increase the demand for mobile batteries with high battery capacity owing to power consuming applications in the smartphones such as gaming, social media, camera, and others. Nowadays, battery life is becoming an important aspect, which has resulted in driving the growth of the market in the coming years.
Surge in demand for smartphones, tablets, and other consumer electronics devices is expected to drive the growth of the battery market in Japan during the forecast period. However, high cost and potential risk hazards associated with lithium-ion battery is anticipated to hamper the Japan mobile battery market from 2021 to 2030. On the contrary, higher energy efficiency requirements in technologically updated consumer gadgets such as smartphones, is expected to create opportunity for key players operating in the market.
For the purpose of analysis, the Japan mobile battery market is segmented on the basis of type, application, and sales channel. Depending on type, the market is categorized into lithium-ion battery, nickel based and others. On the basis of application, it is bifurcated into smartphones and non-smartphones. By sales channel, the market is divided into online and offline.
The key players operating in the Japan mobile battery market are Samsung SDI Co., Ltd., Panasonic Corporation, Murata Manufacturing Co., Ltd., EEMB, LG Corporation, Maxell, Ltd., Sunwoda Electronic Co., Ltd., Zhuhai CosMX Battery Co., Ltd., TianJin Lishen Battery Joint-Stock Co., Ltd., and Amperex Technology Limited.
These key players are adopting various strategies, such as acquisition and agreement to stay competitive in the mobile battery market.
For instance, in September 2021, Murata Manufacturing Co., Ltd. acquired Eta Wireless Inc. (the developer of Digital Envelope Tracking Technology). By using digital envelope tracking technology, it can reduce the power consumption of RF circuits and contribute toward extension of battery life.
Other players operating in the value chain of the Japan mobile battery industry are DESAY, BYD, TWS, Zhuhai Coslight Battery, China BAK Battery, ENERDEL, and others.
The Japan mobile battery market is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2020–2030. The report includes the study of the market with respect to the growth prospects and restraints based on the product analysis. The study includes Porter’s five forces analysis of the mobile battery industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.
Japan mobile battery market, by type
By type, the lithium-ion battery segment held the largest market share in 2020. This is attributed to rise in demand for lithium-ion batteries, owing to increase in need for smartphones and incorporation of additional features such as games, camera, music players, and video players, which require more energy due to increased utilization of the processor.
By Type
Lithium-Ion Battery is projected as the most lucrative segment.
Japan mobile battery market, by application
On the basis of application, the smartphone segment dominated the Japan mobile battery market in 2020, in terms of share, owing to consistent growth of smartphones in the Japan mobile industry. This was due to rise in demand for smartphones among age group of 18 to 30 years for social media, gaming apps, and others. In addition, rise in replacement of feature phone with smartphones increases the demand for mobile batteries in this segment and thereby is expected to drive the market during the analyzed time frame.
By Application
Smartphone is projected as the most lucrative segment.
Japan mobile battery market, by sales channel
On the basis of sales channel, the offline segment dominated the Japan mobile battery market in 2020, in terms of market share, owing to key advantages associated with offline distributors such as maintenance & services, replacement, faster problem resolving associated with battery functions and others. In addition, Japanese consumers are conservative and price sensitive as compared to other countries in the region, which resulted in driving the trend toward shopping of key mobile accessories such as mobile batteries, covers and others, owing to their faith in offline platform.
By Sales Channel
Offline holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.
COVID-19 impact on the market
Lockdown imposed due to the outbreak of the COVID-19 pandemic resulted in temporary ban on the import and export, thereby disrupting the supply chain and hampered the market growth in the second, third, and fourth quarter of 2020. In addition, there is expected to be some impact on the growth of the market in 2021, owing to the second wave of COVID-19 pandemic across the globe. However, the market is expected to recover by the end of the year or by the end of third quarter of 2021 as the production in various industries restarts with rapid vaccination across the globe.
Key Benefits For Stakeholders
- The report includes in-depth Japan mobile battery market analysis of different segments and provides market estimations between 2021 and 2030.
- A comprehensive analysis of the factors that drive and restrict the Japan mobile battery market growth is provided.
- Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
- Estimations and Japan mobile battery market forecast are based on factors impacting the growth in terms of value.
- Key market players are profiled to gain an understanding of the strategies adopted by them.
- This report provides a detailed analysis of the current Japan mobile battery market trends and future estimations from 2021 to 2030, which helps identify the prevailing Japan mobile battery market opportunities.
Japan Mobile Battery Market Report Highlights
| Aspects | Details |
 By Type |
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 By Application |
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 By Sales Channel |
|
 Key Market Players | SUNWODA ELECTRONIC CO., LTD., PANASONIC CORPORATION, TIANJIN LISHEN BATTERY JOINT-STOCK CO., LTD., MAXELL, LTD., AMPEREX TECHNOLOGY LIMITED, LG CORPORATION, MURATA MANUFACTURING CO., LTD., EEMB, SAMSUNG SDI CO., LTD., ZHUHAI COSMX BATTERY CO., LTD. |
Analyst Review
According to the insights of CXOs of leading companies, the demand for smartphones is increasing in Japan owing to the rise in use of smartphones for social media, gaming, and other applications. Shopping through e-commerce and cashless payments are continuously growing across all age groups for smartphone owners in Japan which further resulted in driving the growth of the mobile battery market in Japan in the coming years.
Rise in demand for smartphones from Japanese consumers owing to the wide usage of smartphones in various daily needs such as maps, calling, social media, and other professional applications is expected to rise the demand for mobile batteries with high battery capacity which in turn is expected to drive the market growth in the coming years. In addition, recent technological advancements in the battery technology such as graphene battery, can be the nearest solution to lithium-ion as this battery can store more energy than lithium-ion, fast charging, and others. On the contrary, rise in R&D activities toward battery life and durability in single charge is expected to create opportunity for key players operating in this market.
The Japan mobile battery market is segmented on the basis of type, application and sales channel. The smartphone is the main application of mobile batteries. Its other applications include featured phones, standard cell phones and others.
Rise in demand for smartphones, tablets, and featured mobiles is expected to be the driving factor and opportunity in the Japan mobile battery market.
The potential customers of the Japan mobile battery are smartphones and non-smartphones.
The report sample for global Japan mobile battery Market report can be obtained on demand from the website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.
On the basis of type, lithium-ion battery segment will drive the Japan mobile battery growth during the forecast period. By application, smartphone will fuel the Japan mobile battery growth. On the basis of sales channel, offline segment will drive the growth of the Japan mobile battery market.
The key growth strategies of Japan mobile battery market players are acquisition and agreement.
The top ten market players are selected based on two key attributes - competitive strength and market positioning
Top players in the Japan mobile battery are Samsung SDI Co., Ltd., Panasonic Corporation, Murata Manufacturing Co., Ltd., EEMB, LG Corporation, Maxell, Ltd., Sunwoda Electronic Co., Ltd., Zhuhai CosMX Battery Co., Ltd., TianJin Lishen Battery Joint-Stock Co., Ltd., and Amperex Technology Limited.
In terms of revenue, the market size of the Japan mobile battery is anticipated to reach $1.43 billion by 2030, growing at CAGR of 4.5% from 2021 to 2030.
The key benefits of the Japan mobile battery market are information on key trends, market size & forecast, top players and their development strategies, and others.
High energy efficiency requirement in technologically updated consumer gadget is expected to influence the Japan mobile battery market in the next few years.
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