LONDON, Oct. 14, 2022 /PRNewswire/ — The Global Thin Film and Printed Battery Market is reckoned to amass a valuation of USD 538.6 Million by 2028 from USD 121.5 Million in 2021, registering a CAGR of 23.7% over 2022-2028.
Thin Film and Printed Battery are nano-sized flexible, rechargeable, and stretchable batteries that are predominantly used in electronic products such as laptops, mobile phones, and tablets, among others. These batteries are mainly made up of lithium ion and are specifically designed to be mounted according to the shape and size of any end use product.
The increasing adoption of electronic devices among the masses, rising disposable income levels, and widespread technological advancements are primarily fueling the growth of this business vertical. Due to their flexible and stretchable nature, these batteries can be integrated in a wide range of electronic devices irrespective of their shape and size. This is further adding traction to the development of this market. Moreover, surging trends of device miniaturization in order to make them easily portable is further escalating the demand for thin films and printed batteries across the globe.
These batteries are energy efficient in nature as compared to their traditional counterparts. It is evident that widespread population expansion and industrialization has increased the energy needs of the masses. This in turn has led to the depletion of fossil fuels and other non-renewable energy sources, thereby increasing the environmental consciousness of individuals. Due to their power saving nature, thin film and printed batteries are being extensively adopted by consumers worldwide.
Get Sample of Report@ https://brandessenceresearch.com/requestSample/PostId/2088
Thin Film and Printed Battery Market Competitive Landscape
- Cymbet Corporation
- Blue Spark Technologies
- Enfucell
- Imprint Energy
- STMicroelectronics NV
- Excellatron Solid State
- Ilika plc
- Printed Energy Pty
- Molex (Koch Industries)
- BrightVolt
- Others.
These Companies are amplifying their global footprint by engaging in mergers & acquisitions, product launches, R&D investments, collaborations, and partnerships, among others.
Also, the rising adoption of wireless sensors across various verticals such as public security, healthcare, and communication is escalating the demand for thin film and printed batteries across the globe. On the flipside, high costs pertaining to these batteries is hindering the remuneration scope of this business vertical.
Historical Global Thin Film and Printed Battery Market Outlook Compared to Forecast 2022-2028
The marketplace has been registering notable gains over the last few decades. With prompt technological advancements and emergence of innovative electronic devices, the sale of thin film and print batteries has surged exponentially.
People have started depending on consumer electronic goods for various daily tasks including cooking, travelling, and communication, among others. This has shifted their inclination towards portable electronic items, thereby popularizing the trends of device miniaturization. Thus, the beneficial features of these batteries make them convenient for consumer electronic devices.
Moreover, manufacturers are investing whopping amounts to facilitate the development and launch of technologically advanced printed and thin film batteries.
Country-wise insights
What are the growth propellants for U.S. Thin Film and Printed Battery Market?
Rising popularity of wearable devices in the U.S. is accelerating industry growth
There has been a widespread adoption of wearable electronic devices like smartwatch among the masses across U.S. This is attributable to the increasing disposable income levels, rising digital literacy among consumers, and presence of leading industry players. Wearable devices are compact in nature and therefore are powered by thin film and printed batteries. This in turn is stimulating the dynamics of the marketplace in the U.S.
How is the healthcare sector in China contributing to the growth of Thin Film and Printed Battery Market?
Apart from consumer electronics items, thin film and printed batteries are also used in medical electronics devices like hearing aids. China is witnessing a rapid evolution in its healthcare sector as leading companies are launching innovative medical devices for fast paced diseases diagnosis and treatment. Flexible, energy efficient, and stretchable batteries are a pivotal component of every such equipment of device. Thus, technological advancements in the Chinese healthcare domain are positively influencing the overall industry growth.
Get Methodology @ https://brandessenceresearch.com/requestMethodology/PostId/2088
Global Thin Film and Printed Battery Market Segmentation: –
By Type
- Printed Batteries
- Thin film Batteries
By Voltage
- Between 1.5V & 3V
- Below 1.5V
- Above 3V
By Capacity
- Between 10 MAH & 100 MAH
- Below 10 MAH
- Above 100 MAH
By Rechargeability
- Secondary Batteries
- Primary Batteries
By Application
- Smart Packaging
- Consumer Electronics
- Medical Devices
- Wireless Sensors
- Smart Cards
- Others
Category-wise insights
Which is the fastest growing capacity segment in the market?
The 10mAh capacity segment is slated to capture substantial returns over the forecast duration owing to their widespread integration in e-cigarettes, motorized toys, and portable media players, among others.
Recent developments in the Global Thin Film and Printed Battery Market
On November 22, 2021, LionVolt BV, a Dutch Startup raised a funding of EUD 4 million from Prime Ventures and Netherlands Organization for Applied Scientific Research. The company intends to use the fresh funds for the development of its 3D solid state thin film battery range meant for electric cars and wearables.
North America is Expected to Dominate the Global Thin Film and Printed Battery Market
Geographically, North America is expected to dominate the global thin film and printed battery market within the forecast period due to the increasing adoption of smartphones, higher adoption of medical electronic devices and growing sales of wearable electronics in this region. The increasing adoption of smartphones is also driving the growth of the market. For instance, according to scientist research publishing, in June 2018; the number of smartphone users worldwide reached 2.5 billion, which is 33% of the world’s population. In addition, the higher adoption of medical electronic devices is also supplementing the market growth in this region.
The Asia Pacific is the fastest-growing region in the global thin film and printed battery market due to the increasing adoption of printed battery technology in consumer electronics such as wireless sensor networks, remote controls, and smart cards, rising sales of wearable electronics and medical electronic devices such as hearing aids and respiratory aids, and the presence of key players in this region.
On Special Requirement Thin Film and Printed Battery Market Report is also available for below region:
North America
- U.S, Canada
Europe
- Germany, France, U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe
Asia-Pacific
- South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC
Latin America
- Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America
Middle East and Africa
- Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA
Purchase Copy of Report @ https://brandessenceresearch.com/Checkout?report_id=2088
Related Reports:
Automotive Rain Sensors Market is valued at USD 4.61 Billion in 2021 and expected to reach USD 7.26 Billion by 2028 with a CAGR of 6.71% over the forecast period.
Recreational Vehicle Market Size is Expected to reach USD 68.53 Billion by 2028
Global Automotive LiDAR Market is valued at USD 588.47 Million in 2021 and expected to reach USD 2422.12 Million by 2028 with a CAGR of 22.40% over the forecast period.
Automotive Piston System Market is valued at USD 2.47 Billion in 2021 and expected to reach USD 3.38 Billion by 2028 with the CAGR of 4.58% over the forecast period.
At 12.4% CAGR, Wood Plastic Composite Market Size is projected to reach USD 13418.6 Million by 2028, Brandessence Market Research
Electric Air Taxi Market to Surpass USD 2342.73 Million at a CAGR of 29.36% by 2028 | ImagineAir, Airstream Jets, Skymax, Propair
Automotive Luxury Vehicle Market to Cross USD 659.34 Billion with a CAGR of 7.10% by 2028 | Tesla, Inc., BMW, Denso Corporation, Daimler AG
At 18.3% CAGR, Language Learning Market to hit USD 191.06 Billion by 2028 Global Growth Industry Trends, Value, Analysis & Forecast By Brandessence Market Research
i-Factor: Live Market intelligence platform
I-Factor is our guaranteed seal to keep our clients ahead of the competition, always. This knowledge platform delivers real-time updates on key economic indicators, competitive landscape, changing demand, trends, customized regional insights, and more. The platform visualizes key data points to help make decision making agile, trustworthy, and holistic. Register for free trial here at https://brandessenceresearch.com/i-factor/login/userRegister
Brandessence Market Research & Consulting Pvt ltd.
Brandessence Market Research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals, and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations, and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.
Follow Us: Linkedin Blog: Digital Gaming Companies
Contact:
Mr. Vishal Sawant
Email: vishal@brandessenceresearch.com
Email: Sales@brandessenceresearch.com
Corporate Sales: +44-2038074155
Asia Office: +917447409162
Logo: https://mma.prnewswire.com/media/1392316/BEMR_Logo.jpg
View original content:SOURCE Brandessence Market Research and Consulting Private Limited
