Report Code: A09769 | Pages: NA | Mar 2023 | 2330 Views | ||
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Request Now !The battery with thin film is a form of solid-state battery. Its advancement is inspired by the prospect of combining the benefits of solid-state batteries with the benefits of thin-film production processes. Thin film batteries have gained prominence in the current scenario, due to a rise in the trend of product miniaturization along with a rise in IoT implementation. Technological advancements in wearable technology, medical & cosmetic, packaging, and consumer electronics are less than other vertical applications which are expected to drive the growth of the thin film battery market.
The global thin film battery market is segmented on the basis of voltage, chargeability, application, and region. Based on voltage, the thin film battery market is divided into below 1.5V, 1.5V to 3V, and above 3V. In terms of chargeability, the market is bifurcated into rechargeable and single use. On the basis of application, the market is segregated into smart packaging, smart cards, consumer electronics, medical devices, wearable devices, wireless communication, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global thin film battery industry include Blue Spark Technologies, BrightVolt Inc., Cymbet Corporation, Excellatron Solid State Inc., Imprint Energy Inc., Jiangsu Enfucell Flexible Electronics Co. Ltd., Panasonic Corporation, Prologium, Samsung SDI, and STMicroelectronics. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global thin film battery market.Â
The market for thin-film batteries experiences exponential growth, which is catalyzed by a rapid penetration in the use of tablets, smartphones, and other electronic devices. The market for these electronic devices has experienced steep growth, as consumers over time has become more technology-friendly. The steady rise in the use of smart electronics such as smartwatch and fitness bands are making thin-film battery application even more acceptable.Â
Furthermore, thin-film batteries in structure are flat-shaped and is perfect for integration into compact devices which further improve their market demand. These batteries can be easily be integrated into our day-to-day wearable electronic devices and being reliable, smaller in size and cheaper. Thin-film batteries have a long battery backup when low power output is required that makes them suitable for low-power devices.Â
However, there are challenges to its market, despite the end number of benefits associated with thin film batteries. One of the challenges for the thin-film batteries face is the shorter operating life compared to a typical battery to power high end devices. Further, thin film battery finds it hard to balance the current rate, the battery capacity and the battery volume.
Wireless communication devices are small sized; therefore, they have limited room within. As a result, they require a battery with properties like steady power generation, light in weight and flexible, so that it can be cut and folded into various shapes and sizes to fit into the unit. Thin film batteries are therefore the perfect power solution for use in wireless communication devices, which would result in the thin film battery market rising extremely.
Due to the advances in IoT and wireless sensor technologies, network-based wireless sensor systems are becoming more dominant. The energy harvesting technology is rapidly evolving as a viable power supply alternative for embedded device designers, making the use of wireless sensors in applications that were previously not feasible with traditional battery powered designs.Â
For their ultra-thin profile and low leakage properties, thin film batteries are ideal solution for energy harvesting systems. That adoption of autonomous wireless sensor nodes focused on energy harvesting has created tremendous opportunities for thin-film batteries as a power source. Lots of players are looking for flexible thin film batteries to power wireless sensors for the energy harvesting application.
In the market for printed, flexible, and thin film batteries, technological advances such as vertical construction of disposable batteries are gaining pace. Industry participants partner with manufacturers and suppliers of electronic devices strengthen their position in the market for flexible, printed, and thin film batteries.
Key Benefits of the Report
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available For Years | 2020–2027 |
Base Year Considered | 2019 |
Forecast Period | 2020–2027 |
Forecast Units | Value (USD) |
Segments Covered | Voltage, Chargeability, Application, and Region |
Regions Covered | North America (Canada, Mexico, U.S.), Europe (France, Germany, UK, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific), LAMEA (Africa, Latin America, Middle East) |
Companies Covered | Blue Spark Technologies, BrightVolt Inc., Cymbet Corporation, Excellatron Solid State Inc., Imprint Energy Inc., Jiangsu Enfucell Flexible Electronics Co. Ltd., Panasonic Corporation, Prologium, Samsung SDI, and STMicroelectronics |
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COVID-19 Scenario Analysis
Thin Film Battery Market Key Segments
Segments | Sub-Segments |
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Chargeability |
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Application |
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Questions Answered in the Thin Film Battery Market Research Report
Thin Film Battery Market Report Highlights
Aspects | Details |
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By Battery type |
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By Voltage |
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By Application |
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By Region |
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Key Market Players | Blue Spark Technologies, BrightVolt., Enfucell, STMicroelectronics, Cymbet, IMPRINT ENERGY, Ilika, LG Chem, Jenax Inc., Excellatron, Molex, SAMSUNG SDI Co. Ltd., NEC Corp. |
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