Flexible, Printed And Thin Film Battery Market Is Expected To Witness Increased Growth Rates Of Revenue And CAGR Forecast 2025|Grand View Research, Inc.



The global flexible, printed and thin film battery market size is expected to reach USD 67.1 billion by 2025, accelerating at a CAGR of 39.7% over the forecast period, according to a new report by Grand View Research, Inc. Rising adoption of wearable devices including watches, smart glasses, and fitness trackers is likely to strengthen the growing demand for flexible, printed and thin film battery over the forecast period.
The market is primarily driven by increasing demand for small, flexible, thin, and low-weight devices with higher lifetime and efficient micro energy storage capacity. Growing adoption of such printed, flexible battery in medical applications, consumer electronics, smart cards, and sensors is further expected to complement the growth of the industry. Furthermore, advancements in wearable sensor technology, IoT innovation trends, and mobile cloud computing are expected to positively impact market growth over the forecast period.
Enfucell, BrightVolt, STMicroelectronics, Cymbet, Blue Spark Technologies, Imprint Energy, Printed Energy Pty Ltd., Jenax Inc, Ilika, and Excellatron are some of the significant participants of printed, flexible, thin film battery industry.
Browse Research Report On flexible, printed and thin film battery Market:
https://www.grandviewresearch.com/industry-analysis/flexible-printed-thin-film-battery-market
Most wearable applications such as smart devices and smart fabrics require flexible, ultra-thin, durable battery, which, in turn, is boosting the product demand. Smart cards application segment accounts for a significant share of the market. Transaction security, logistics, material management, access control, and inventory tracking are the key application areas of smart cards. Flexible, printed and thin film batteries are extensively used in several medical applications including printed batteries for transdermal skin patches and micro-power thin film batteries for disposable healthcare devices. The penetration of thin film, lightweight batteries in medical devices is estimated to register a significant growth rate due to the increasing demand for portable medical equipment.
Further key findings from the report suggest:
·         Wearable devices segment grabbed the largest revenue share of the market and was valued at USD 2.0 billion in 2018 owing to the rapid advancements in wearable technology
·         Consumer electronics is likely to be the fastest-growing segment, escalating at a CAGR of 39.6% over the forecast period owing to large consumer base for electronic industry globally
·         Rechargeable segment is anticipated to attain significant value of USD 32.3 billion by 2025 owing to increased use of rechargeable batteries in portable consumer electronic devices
·         The flexible, printed and thin film battery market in Asia Pacific was valued at USD 2.0 billion in 2018 and is likely to witness substantial growth rate owing to an increase in manufacturing of electronics in emerging countries
Industry participants are focusing on advanced manufacturing techniques to increase product penetration in the market. For instance, Europe-based Imec manufactures a 3D thin-film battery constructed over a structured substrate instead of a planar substrate to provide enhanced energy density and usage of low ionic conductivity electrolyte materials. This technique is expected to aid in lowering the per-unit cost of flexible, printed and thin film batteries, which may otherwise hinder the market growth.
Collaborations between electronic manufacturers & battery manufacturers are likely to fuel the growth of consumer electronics segment. Declining cost of rechargeable batteries is expected to further drive the market growth in low-power applications such as smart cards RF-ID tags. In Asia Pacific, China occupies the largest share in printed, thin film batteries market owing to rising adoption of IoT along with the growing demand for portable electronic devices.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-flexible-printed-thin-film-battery-market
Grand View Research has segmented the global Flexible, Printed and Thin Film Battery market on the basis of battery type, application:
Battery Type Outlook (Revenue, USD Million, 2014 - 2025)
·         Disposable
·         Rechargeable
Application Outlook (Revenue, USD Million, 2014 - 2025)
·         Wearables
·         Medical
·         Consumer Electronics
·         Smart Cards
·         Others
Disposable battery segment occupied a dominant share of the market, accounting for 54.2% in 2018 owing to its extensive use in low-power single-use applications including semi-battery-assisted passive RFID, semi-active tags with sensors, one-time password display smart cards, musical instruments, greeting cards, and toys. Moreover, automation in disposable healthcare devices is further likely to bolster industry growth.
Technological advancements such as vertical construction of disposable batteries are gaining pace in the printed, flexible, and thin film battery market. For instance, Molex LLC, a company based in the U.S., manufactures 1.5V and 3V thin film batteries through vertical construction, which account for lesser carbon footprint and offer enhanced internal resistance along with improved performance.
Rechargeable battery segment is expected to witness substantial growth over the forecast period due to the growing demand for low-power energy harvesting sensor systems used in wireless sensor networks. Furthermore, rechargeable thin film, flexible batteries are mostly used in medical devices, wearable electronics, and IoT devices. Battery research organizations and firms are emphasizing on cost reduction of rechargeable batteries, which is expected to present strong growth landscape over the coming years.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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