Richmond, Dec. 12, 2023 (GLOBE NEWSWIRE) -- According to a research report "Thin Film and Printed Battery Market”, by Type (Thin Film Batteries and Printed Batteries), Component (Electrodes, Cathodes, Anodes, Substrates and Electrolytes), Material (Lithium-Ion, Lithium Polymer and Zinc), Voltage (Below 1.5 V, 1.5 to 3 V and Above 3 V), Capacity (Below 10 mAh, 10 to 100 mAh and Above 100 mAh), Rechargeabilty (Primary and Secondary), Application (Consumer Electronics, Medical Devices, Smart Packaging, Smart Cards, Wireless Sensors and Others) and Region - Global Forecast to 2030.
Global Thin Film and Printed Battery Market Report Scope:
| Report | Details |
| Market size value in 2023 | USD 180.8 Million |
| Market size value in 2030 | USD 821.4 Million |
| CAGR (2023-2030) | 24.1% |
| Forecast Period | 2023–2030 |
| Historic Data | 2019 |
| Forecast Units | Value (USD Million/USD Billion) |
| Segments Covered | Type, Component, Material, Capacity, Rechargeabilty, End User and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and RoW |
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| Sample of Companies Covered |
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TOC Covers in Depth & Breath on Thin Film and Printed Battery Market
170 - Market Data Tables
65 - List of Figures
225 – Pages
The report includes Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Developments, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional FootPrint by MarketDigits.
Market Overview
The rise of portable and wearable consumer electronics has propelled the swift adoption of thin film and printed batteries. Recognized for their eco-friendly nature, these batteries are increasingly finding applications across diverse industry verticals, including healthcare and textiles, particularly in the production of smart devices and materials. Anticipated to experience growth in the forecast period, the global market for thin film and printed batteries boasts various advantages, such as energy efficiency and environmental friendliness. The surge in demand for portable and adaptable consumer electronics is expected to further drive market expansion. Nevertheless, the manufacturing process of these batteries is often time-consuming and susceptible to defects, presenting a potential hurdle for market growth. Conversely, the future holds promising growth prospects, especially in energy harvesting applications, for players in the thin film and printed battery market.
Major Vendors in the Global Thin Film and Printed Battery Market:
- Samsung SDI Co., Ltd.
- Enfucell
- Ultralife Corporation
- Molex, LLC
- NGK Insulators, Ltd.
- Renata SA
- VARTA AG
- STMicroelectronics N.V.
- Panasonic Corporation
- Imprint Energy
- LG Chem Ltd.
- NEC Corporation
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Increasing Focus on Miniaturization of Electronic Devices
The thin film and printed batteries market is experiencing a surge in growth due to an increasing emphasis on the miniaturization of electronic devices. As the demand for smaller and more compact consumer electronics continues to rise, there is a growing need for energy storage solutions that can seamlessly integrate into these miniature devices. Thin film and printed batteries, with their slender profiles and flexible form factors, are emerging as crucial components in meeting the requirements of miniaturized electronic devices. This trend is particularly evident in sectors such as wearable technology and portable gadgets, where the focus on sleek designs and lightweight solutions aligns perfectly with the capabilities of thin film and printed batteries. The market is witnessing a paradigm shift driven by the technological drive towards smaller, yet powerful, electronic devices, positioning thin film and printed batteries at the forefront of innovation in this evolving landscape.
Market Dynamics
Drivers:
- Growing demand for foldable electronics and wearables
- Adoption of thin, flexible, and printed batteries in wearable medical devices
Opportunities:
- Increasing adoption of wireless sensors
- Development of next-generation thin film lithium-air batteries
Expanding realm of Internet of Things (IoT) devices
The thin film and printed batteries market is experiencing a pivotal opportunity with the proliferation of Internet of Things (IoT) devices. The ever-expanding realm of IoT, encompassing a diverse range of interconnected devices, is driving the demand for compact and flexible power solutions. Thin film and printed batteries, renowned for their adaptability and lightweight characteristics, are emerging as a crucial enabler for the IoT landscape. These batteries can conform to various shapes and sizes, making them an ideal choice to power the multitude of sensors and electronic components embedded in IoT devices. As IoT applications continue to permeate sectors like healthcare, smart homes, and industrial settings, the thin film and printed batteries market stands at the forefront, poised to play a pivotal role in providing efficient and tailored power solutions for the evolving needs of the interconnected world.
The market for Thin Film and Printed Battery is led by Asia Pacific.
The Asia Pacific market is anticipated to register the highest Compound Annual Growth Rate (CAGR) from 2023 to 2028. Within the thin film and printed battery market in this region, a detailed analysis has been conducted for China, India, Japan, and the remaining countries in Asia Pacific. The surge in demand for IoT-enabled devices and the widespread adoption of portable consumer electronics, particularly in China and India, are key drivers of the market's growth. India, with its substantial industrial development, increasing mobile and internet penetration, skilled workforce, and political stability, presents significant growth opportunities for the IoT market. The country stands out as a leading adopter of technologies and related products. Additionally, factors such as a rise in infrastructural activities, population growth, increasing per capita income, the penetration of high-end technologies, and economic growth contribute to the thriving thin film and printed battery market in the region. Furthermore, the utilization of compact electronics and medical devices in countries like China, Japan, and Malaysia further propels the growth of the thin film and printed battery market in the Asia Pacific region.
The 1.5V to 3V Segment is Anticipated to Hold the Largest Market Share During the Forecast Period
The global thin film and printed battery market is categorized by voltage rating, including segments of 1.5V, 1.5V-3V, and above 3V. A significant growth driver in the market is the rising trend of transitioning from 1.5V to 3V, particularly evident in various applications like RFID tags, smart labels, entertainment devices, and medical patches. This shift signifies an increased acceptance of higher voltage ratings. Concurrently, the sub-1.5V segment is specifically tailored for low-profile applications such as wearable electronics, smart tags, and various medical devices.
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