AON - Flexible Thin Film and Printed Battery Market Size is projected to reach USD 23723 million by 2030 growing at a CAGR of 31%: Straits Research | Benzinga
New York, United States, Sept. 06, 2023 (GLOBE NEWSWIRE) -- The emergence of technologies such as wearable and flexible electronics has increased the demand for batteries that are compatible with these devices. Curved or flexible screens in televisions, smartphones, and smartwatches now require thin and flexible batteries. Several battery technology providers, who offer flexible, thin film, and printed batteries, have examined these requirements. Panasonic, Samsung, and Sony are well-established battery market leaders who have only lately joined the flexible thin film and printed battery business. The increasing participation of business titans in this sector shows the market's shifting competitive landscape.
Flexible batteries are batteries that feature the flexibility attribute. Flexibility is produced by producing the conducting additives on a flexible substrate using printing or chemical deposition. In flexible batteries, the current collectors take the form of ink or thin metal foil. Flexible batteries are separated into rechargeable and non-rechargeable categories based on the materials used in their construction.
Flexible thin film and printed batteries have gained appeal today due to the increasing need to miniaturize items and the rise in IoT applications. The technological advancements in wearable technology, medical & cosmetics, packaging, and consumer electronics are expected to drive the growth of the flexible thin film & printed battery market to a lower extent than other application verticals.
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Rise in IoT to Drive the Global Flexible Thin Film and Printed Battery Market
Internet of Things has had a substantial impact on the current technical, social, and economic standing of everything and the application dynamics. The ambitious goal of connecting 100 billion devices by 2025 creates a sustainable need for various components necessary to support the expansion. IoT components include using sensors, installing technologies, and a compatible power supply for new applications.
The astronomical increase in demand for sensors to operate IoT-connected devices and the energy source to power them facilitates the development of flexible, thin, and printable batteries. Additionally, there is a rising need for sensor-operated power devices. The data presented below illustrate the increasing utility of sensors across various applications, which facilitates the flexible use of batteries.
Growth in Printed Electronics to Provide Opportunities for the Global Flexible Thin Film and Printed Battery Market
The printing process can be used separately to manufacture printed batteries, but their full potential can be realized by merging them with other printed electronics. This is one of the primary reasons for the widespread use of printed flexible batteries in applications such as RFID. In addition, the applications linked with flexible electronics are expanding rapidly and are anticipated to accelerate in the future. The graph below illustrates the potential growth of flexible electronics across various applications.
Report Scope
| Report Metric |
| Details |
| Market Size by 2030 |
| USD 23.72 billion |
| Market Size in 2021 |
| USD 2.08 billion |
| CAGR |
| 31% |
| Historical Data |
| 2019-2020 |
| Base Year |
| 2021 |
| Forecast Period |
| 2022-2030 |
| Forecast Units |
| Value (USD Billion) |
| Report Coverage |
| Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
| By Chargeability, By Application, By Region |
| Geographies Covered |
| North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors |
| 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, |
| Key Market Opportunities |
| Growth in Printed Electronics |
| Key Market Drivers |
| Growing Demand for Smart Electronic Products |
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Regional Insights
By region, the global flexible thin film and printed battery market is segmented into North America, Europe, Asia-Pacific, and LAMEA Asia-Pacific was the highest contributor to the market and is estimated to grow at a CAGR of 32.9% during the forecast period. The Asia-Pacific area is ...