Smart Phone Battery Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type and, by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

COVID-19 Impact Analysis

• The COVID-19 pandemic impacted the smart phone battery market and caused a decline in its demand.
• The supply chain was impacted and the availability of raw material was hindered due to the restriction on movement of material across border. This impacted the production activity of smart phone battery.
• The smart phone battery market shut down due to the lockdown restriction, which caused the market growth to decline for smart phone battery.
• The demand for the smartphone declined during the pandemic as people avoided spending money on buying them. This had a direct impact on the demand for smart phone battery.
• The mobile manufacturing industries were all shut down to prevent the gathering of people. This reduced the demand for smart phone batteries from these industries.
• COVID-19 impacted China first, which hampered the smart phone battery market, as China is the leading manufacturer of batteries. The supply of batteries globally came to a halt due to the pandemic. 
• The lockdown restriction upliftment along with the increase in demand of smart phone has helped the smart phone battery market to grow again. 

Top Impacting Factors

The smart phone battery demand is driven by the increase in demand for smart phones globally. The new technological advancement in the mobile industries has helped the market to grow, which has boosted the demand for smart phone battery. The research and development to make the battery more efficient and longer life propels the market growth for smart phone battery. The market's expansion is stifled by safety concerns about the storage and transportation of discharged batteries. Hazardous substances, such as acids and heavy metals like mercury and lead, are found in spent batteries. Spent batteries are toxic and/ or flammable materials. As used batteries retain charge, there is a risk of unintentional discharge, which causes damage to property and people. Unless otherwise specified, all batteries should be viewed as holding charge and stored with caution. Because of the aforementioned dangers, state and national governments restrict the storage and transportation of expended batteries. Developments such as manufacturing on a large scale, declining price of components, and adoption of advanced technologies to boost battery capacity are some of the factors leading to a decline in price. The increase in demand and the development of smart phone technologies is expected to provide growth opportunity for the market. 

Market Trends

• A study on a new smartphone was released in April 2020. Indian scientists have developed a battery that can keep the phone charged for days. A group of scientists may have finally succeeded in commercializing Lithium-sulfur (Li-S) ion batteries. Simply said, this means that batteries in the most often used devices, such as smartphones, tablets, laptops, and other electronic devices, have considerably longer battery life, than any of the existing Li-ion batteries in use today. In fact, the net difference is expected to result in other electronics lasting many days longer than the current Li-ion battery. Li-S batteries are the technology in question, and they have clearly demonstrated benefits such as 2-3x higher specific energy than Li-ion batteries, significantly longer battery stamina on a single charge, significantly less weight, and significantly lower manufacturing costs. These characteristics made Li-S batteries great candidates for the evolution of batteries. 
• In 2018, Samsung SDI unveiled its new ESS product, which has a high-capacity 111Ah (Ampere hour) ESS battery cell with a significantly higher energy density. At Energy Storage Europe 2018, Samsung SDI showcased new ESS products such as ESS cells, high-capacity ESS, high-power ESS, and residential ESS. Through material innovation, the capacity of an ESS battery has been boosted while the size has been maintained, resulting in a significant increase in the battery's energy density. Furthermore, the strength of this battery is that it enables for simple product upgrades without requiring design changes.