Thin Film Battery Market

Thin Film Battery Market Outlook – 2027 

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. 

Top Impacting Factors 

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. 

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. 

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.

Wearable Devices Segment Anticipated to Dominate the Market

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.

Massive Potential of Thin Film Batteries in Energy Harvesting

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. 

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

• This study presents the analytical depiction of the global thin film battery market forecast 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 global thin film battery market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global thin film battery market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global thin film battery market analysis based on competitive intensity and how the competition will take shape in coming years. 

Market Scope and Structure Analysis

COVID-19 Scenario Analysis

• COVID-19 has affected the global thin film battery market in various manners such as by directly impacting production and demand, has created supply chain disruption, and has also financial impact on corporations and financial markets.
• Samsung has closed some of its facilities and stores to support social distancing efforts of the world which is anticipated to affect its operations. Samsung is offering a one-month extension for customers whose manufacturer warranty expires while their services are not available due to COVID-19 pandemic.
• STMicroelectronics executes and implements its business continuity plans, closely monitoring the situation around the entire supply chain of the organization, and collaborating with customers, suppliers and partners. It complies with the containment measures issued by the Italian government within this framework, which does not require the closure of any ST site in Italy.

Thin Film Battery Market Key Segments

Questions Answered in the Thin Film Battery Market Research Report

• Which are the leading market players active in the thin film battery market?
• What would be the detailed impact of COVID-19 on the thin film battery market size?
• How current thin film battery market trends would influence the industry in the next few years?
• What are the driving factors, restraints, and opportunities in the global market?
• What are the projections for the future that would help in taking further strategic steps?

 Thin Film Battery Market Report Highlights