Allied Market Research

2024

Smart Phone Battery Market

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

EP : Storage and Distribution

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Author's: | Eswara Prasad
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The smart phone battery market is expected to grow by 2027 in the coming year due to the increase in the smartphone demand. Batteries are modest energy storage devices. When a smartphone is plugged into the wall, electricity is utilized to restart a chemical reaction within the battery, transporting electrons from the negative anode to the positive cathode. The battery powers the entire hardware within the smartphone, including the processor, display, and any other functions. Processors of the low and mid-range, for example, use less power than their flagship counterparts. One of the most significant considerations when acquiring a new smartphone is the battery. While smartphone batteries keep the phone running, they aren't designed to survive indefinitely with current technology. Over time, batteries lose capacity and begin to discharge more quickly. The two most common battery kinds on the market today are Li-ion and LiPo. Li-ion batteries are the most common form of cell phone battery used by manufacturers, while LiPo batteries are the most advanced cell phone batteries on the market. The positive and negative electrodes, as well as the electrolyte, are the three basic functional components of a Li-ion battery. The negative electrode of a traditional Li-ion battery is usually constructed of carbon. A metal oxide is commonly used as the positive electrode. A lithium salt in an organic solvent serves as the electrolyte.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

  Type  and Application

  Companies Covered

Sunwoda Electronic, DESAY, BYD, SAMSUNG SDI, LG Chem, COSMX, Panasonic (Sanyo), ATL, TWS, and Murata

 

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.

Key Benefits of Report

  • This study presents the analytical depiction of the smart phone battery market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the smart phone battery market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the smart phone battery market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed smart phone battery market analysis based on competitive intensity and how the competition will take shape in coming years

Smart Phone Battery Market Report Highlights

Aspects Details
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By Type
  • Lithium-Ion Battery
  • Nickel Metal Hydride Battery
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By Application
  • Full-View Display Phones
  • Ordinary Phones
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

Sunwoda Electronic, Murata, Panasonic (Sanyo), LG Chem, SAMSUNG SDI, TWS, BYD, ATL, COSMX, DESAY

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Smart Phone Battery Market

Global Opportunity Analysis and Industry Forecast, 2023-2032