Flexible Thin Film and Printed Battery Market Size is projected to reach USD 23,723 million by 2030, growing at a CAGR of 31%: Straits Research

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 home to several of the world's largest and fastest-growing economies. Asia-Pacific holds a strong position in this market, as it is home to some of the largest semiconductor and electronics companies in the world, including Samsung Electronics (South Korea), LG Electronics (South Korea), Sony Corporation (Japan), and Taiwan Semiconductor Manufacturing Company (Taiwan), among others. Due to this, it is anticipated that innovation opportunities and the implementation of linked technologies will be pursued more rapidly in the region. In addition, India's flexible battery market is explorable due to the country's extensive consumer base and intense emphasis on manufacturing growth. This progress will benefit the country and contribute to the expansion of the flexible battery market in Asia-Pacific as a whole.

North America is the second largest region. It is estimated to grow at a CAGR of 30.5%. The North American companies that manufacture flexible batteries are continually engaged in the development of smarter solutions to accommodate emerging applications. BrightVolt Inc. (United States), STMicroelectronics N.V. (Switzerland), and Paper Battery Co. Inc. are among the leading businesses in the North American market (U.S.). In North America, potential growth in portable electronics and wearables, flexible thin film, and printed batteries are gathering speed. Foreign market leaders in flexible batteries export to U.S. wearables makers, particularly medical devices.

Europe is the third largest region. The market for flexible batteries is rising in Europe due to the development of microelectronics, which pushes the miniaturization of intelligent and intelligent products. The need for flexible batteries in Europe is predicted to grow fast due to initiatives to promote technological advancement in consumer electronics and telecommunications, as well as the Internet of Things. In addition, technological innovation is anticipated to be a focus now that the region's economy is on the mend. In 2018, ENrG Inc. and ITN Energy Systems developed a revolutionary solid-state lithium rechargeable battery (SSLB) for flexible electronics, smart wearables, and healthcare devices. In response to the rise of wearable technology in Europe, researchers at Fraunhofer IZM developed a smart bracelet with flexible batteries. It is projected that flexible batteries will be deployed to meet the demands of emerging IoT and electronics applications.

Key Highlights

• The global flexible thin film and printed battery market size is estimated to reach an expected value of  USD 23723 million by 2030, registering a CAGR of 31% during the forecast period.
• Based on chargeability, the global flexible thin film and printed battery market is fragmented into rechargeable and non-rechargeable. The non-rechargeable segment was the highest contributor to the market and is estimated to grow at a CAGR of 30% during the forecast period.
• Based on application, the global flexible thin film and printed battery market is segregated into consumer electronics, energy harvesting, pharmaceutical & medical devices, packaging, smart cards, wearable technology, and others. Consumer electronics dominated the global flexible thin film and printed battery market and is estimated to grow at a CAGR of 34.9% during the forecast period.

Competitive Landscape

1. Blue Spark Technologies
2. Brightvolt Inc.
3. Cymbet Corporation
4. Excellatron Solid State Inc.
5. Imprint Energy Inc.
6. Jiangsu Enfucell Flexible Electronics Co.Ltd.
7. Panasonic Corporation
8. Prologium
9. Samsung SDI
10. STMicroelectronics.

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Global Flexible Thin Film and Printed Battery Market: Segmentation

By Chargeability

• Rechargeable
• Non-rechargeable

By Application

• Consumer Electronics
• Energy Harvesting
• Pharmaceutical & Medical Devices
• Packaging
• Smart Cards
• Wearable Technology
• Others

By Region

• North America
• Europe
• Asia-Pacific
•  LAMEA

TABLE OF CONTENT

1. EXECUTIVE SUMMARY
2. RESEARCH SCOPE & SEGMENTATION
   1. Research Objectives
   2. Market Definition
   3. Limitations & Assumptions
   4. Market Scope & Segmentation
   5. Currency & Pricing Considered
3. MARKET OPPORTUNITY ASSESSMENT
   1. Emerging Regions / Countries
   2. Emerging Companies
   3. Emerging Applications / End Use
   4. Investment Landscape
   5. New Business Models / Revenue Streams
   6. TAM
4. MARKET TRENDS
   1. Drivers
   2. Market Warning Factors
   3. Latest Macro Economic Indicators
   4. Geopolitical Impact
   5. Human Factors
   6. Technology Factors
5. MARKET ASSESSMENT
   1. Porters Five Forces Analysis
   2. Value Chain Analysis
   3. Raw Material Analysis
   4. Sales And Distribution Channel Analysis
   5. Trade Analysis
   6. Patent Analysis
   7. M & A Agreements & Collabration Analysis
   8. Export Import Analysis
   9. Cost Structure Analysis
6. ESG TRENDS
7. GLOBAL FLEXIBLE THIN FILM AND PRINTED BATTERY MARKET SIZE ANALYSIS
   1. Global Flexible Thin Film And Printed Battery Market Introduction
   2. By Chargeability
      1. Introduction
         1. Chargeability By Value
      2. Rechargeable
         1. By Value
      3. Non-Rechargeable
         1. By Value
   3. By Application
      1. Introduction
         1. Application By Value
      2. Consumer Electronics
         1. By Value
      3. Energy Harvesting
         1. By Value
      4. Pharmaceutical & Medical Devices
         1. By Value
      5. Packaging
         1. By Value
      6. Smart Cards
         1. By Value
      7. Wearable Technology
         1. By Value
      8. Others
         1. By Value
8. NORTH AMERICA MARKET ANALYSIS
   1. Introduction
   2. By Chargeability
      1. Introduction
         1. Chargeability By Value
      2. Rechargeable
         1. By Value
      3. Non-Rechargeable
         1. By Value
   3. By Application
      1. Introduction
         1. Application By Value
      2. Consumer Electronics
         1. By Value
      3. Energy Harvesting
         1. By Value
      4. Pharmaceutical & Medical Devices
         1. By Value
      5. Packaging
         1. By Value
      6. Smart Cards
         1. By Value
      7. Wearable Technology
         1. By Value
      8. Others
         1. By Value
   4. U.S.
      1. By Chargeability
         1. Introduction
            1. Chargeability By Value
         2. Rechargeable
            1. By Value
         3. Non-Rechargeable
            1. By Value
      2. By Application
         1. Introduction
            1. Application By Value
         2. Consumer Electronics
            1. By Value
         3. Energy Harvesting
            1. By Value
         4. Pharmaceutical & Medical Devices
            1. By Value
         5. Packaging
            1. By Value
         6. Smart Cards
            1. By Value
         7. Wearable Technology
            1. By Value
         8. Others
            1. By Value
   5. Canada
9. EUROPE MARKET ANALYSIS
   1. Introduction
   2. By Chargeability
      1. Introduction
         1. Chargeability By Value
      2. Rechargeable
         1. By Value
      3. Non-Rechargeable
         1. By Value
   3. By Application
      1. Introduction
         1. Application By Value
      2. Consumer Electronics
         1. By Value
      3. Energy Harvesting
         1. By Value
      4. Pharmaceutical & Medical Devices
         1. By Value
      5. Packaging
         1. By Value
      6. Smart Cards
         1. By Value
      7. Wearable Technology
         1. By Value
      8. Others
         1. By Value
   4. U.K.
      1. By Chargeability
         1. Introduction
            1. Chargeability By Value
         2. Rechargeable
            1. By Value
         3. Non-Rechargeable
            1. By Value
      2. By Application
         1. Introduction
            1. Application By Value
         2. Consumer Electronics
            1. By Value
         3. Energy Harvesting
            1. By Value
         4. Pharmaceutical & Medical Devices
            1. By Value
         5. Packaging
            1. By Value
         6. Smart Cards
            1. By Value
         7. Wearable Technology
            1. By Value
         8. Others
            1. By Value
   5. Germany
   6. France
   7. Spain
   8. Italy
   9. Russia
   10. Nordic
   11. Benelux
   12. Rest Of Europe
10. APAC MARKET ANALYSIS
    1. Introduction
    2. By Chargeability
       1. Introduction
          1. Chargeability By Value
       2. Rechargeable
          1. By Value
       3. Non-Rechargeable
          1. By Value
    3. By Application
       1. Introduction
          1. Application By Value
       2. Consumer Electronics
          1. By Value
       3. Energy Harvesting
          1. By Value
       4. Pharmaceutical & Medical Devices
          1. By Value
       5. Packaging
          1. By Value
       6. Smart Cards
          1. By Value
       7. Wearable Technology
          1. By Value
       8. Others
          1. By Value
    4. China
       1. By Chargeability
          1. Introduction
             1. Chargeability By Value
          2. Rechargeable
             1. By Value
          3. Non-Rechargeable
             1. By Value
       2. By Application
          1. Introduction
             1. Application By Value
          2. Consumer Electronics
             1. By Value
          3. Energy Harvesting
             1. By Value
          4. Pharmaceutical & Medical Devices
             1. By Value
          5. Packaging
             1. By Value
          6. Smart Cards
             1. By Value
          7. Wearable Technology
             1. By Value
          8. Others
             1. By Value
    5. Korea
    6. Japan
    7. India
    8. Australia
    9. Taiwan
    10. South East Asia
    11. Rest Of Asia-Pacific
11. MIDDLE EAST AND AFRICA MARKET ANALYSIS
    1. Introduction
    2. By Chargeability
       1. Introduction
          1. Chargeability By Value
       2. Rechargeable
          1. By Value
       3. Non-Rechargeable
          1. By Value
    3. By Application
       1. Introduction
          1. Application By Value
       2. Consumer Electronics
          1. By Value
       3. Energy Harvesting
          1. By Value
       4. Pharmaceutical & Medical Devices
          1. By Value
       5. Packaging
          1. By Value
       6. Smart Cards
          1. By Value
       7. Wearable Technology
          1. By Value
       8. Others
          1. By Value
    4. UAE
       1. By Chargeability
          1. Introduction
             1. Chargeability By Value
          2. Rechargeable
             1. By Value
          3. Non-Rechargeable
             1. By Value
       2. By Application
          1. Introduction
             1. Application By Value
          2. Consumer Electronics
             1. By Value
          3. Energy Harvesting
             1. By Value
          4. Pharmaceutical & Medical Devices
             1. By Value
          5. Packaging
             1. By Value
          6. Smart Cards
             1. By Value
          7. Wearable Technology
             1. By Value
          8. Others
             1. By Value
    5. Turkey
    6. Saudi Arabia
    7. South Africa
    8. Egypt
    9. Nigeria
    10. Rest Of MEA
12. LATAM MARKET ANALYSIS
    1. Introduction
    2. By Chargeability
       1. Introduction
          1. Chargeability By Value
       2. Rechargeable
          1. By Value
       3. Non-Rechargeable
          1. By Value
    3. By Application
       1. Introduction
          1. Application By Value
       2. Consumer Electronics
          1. By Value
       3. Energy Harvesting
          1. By Value
       4. Pharmaceutical & Medical Devices
          1. By Value
       5. Packaging
          1. By Value
       6. Smart Cards
          1. By Value
       7. Wearable Technology
          1. By Value
       8. Others
          1. By Value
    4. Brazil
       1. By Chargeability
          1. Introduction
             1. Chargeability By Value
          2. Rechargeable
             1. By Value
          3. Non-Rechargeable
             1. By Value
       2. By Application
          1. Introduction
             1. Application By Value
          2. Consumer Electronics
             1. By Value
          3. Energy Harvesting
             1. By Value
          4. Pharmaceutical & Medical Devices
             1. By Value
          5. Packaging
             1. By Value
          6. Smart Cards
             1. By Value
          7. Wearable Technology
             1. By Value
          8. Others
             1. By Value
    5. Mexico
    6. Argentina
    7. Chile
    8. Colombia
    9. Rest Of LATAM
13. COMPETITIVE ASSESSMENT
    1. Adoption Matrix
    2. Flexible Thin Film And Printed Battery Market Share By Manufacturers
    3. Flexible Thin Film And Printed Battery Market Ranking By Revenue For Manufacturers
    4. Average Price By Manufacturers
    5. Vendor Footprint Analysis
14. MARKET PLAYERS ASSESSMENT
    1. Blue Spark Technologies
       1. Overview
       2. Business Information
       3. Revenue
       4. ASP
       5. Gross Margin
       6. Swot Analysis
       7. Recent Developmments
    2. Brightvolt Inc.
    3. Cymbet Corporation
    4. Excellatron Solid State Inc.
    5. Imprint Energy Inc.
    6. Jiangsu Enfucell Flexible Electronics Co. Ltd.
    7. Panasonic Corporation
    8. Prologium
    9. Samsung SDI
15. RESEARCH METHODOLOGY
    1. Research Data
       1. Secondary Data
          1. Major Secondary Sources
          2. Key Data From Secondary Sources
       2. Primary Data
          1. Key Data From Primary Sources
          2. Breakdown Of Primaries
       3. Secondary And Primary Research
          1. Key Industry Insights
    2. Market Size Estimation
       1. Bottom-Up Approach
       2. Top-Down Approach
       3. Market Projection
    3. Research Assumptions
       1. Assumptions
    4. Limitations
    5. Risk Assessment
16. APPENDIX
    1. Discussion Guide
    2. Customization Options
    3. Related Reports
17. DISCLAIMER

Table of Content and Figure @ https://straitsresearch.com/report/flexible-thin-film-and-printed-battery-market/toc

Market News

• June 2022 - Dassault Systèmes' subsidiary Medidata has announced that ten extremely innovative firms have joined its pioneering Sensor Cloud Network. AliveCor, Aural Analytics, Biobeat, Blue Spark Technologies, Glooko, Indie Health, the University of Arizona, Carnegie Mellon University, the University of Rochester, and the University of Vermont are now part of the first cross-sector collaboration aimed at addressing the challenges associated with sensor integrations, the standardization of sensor data, and the creation of novel digital biomarkers and algorithms. These will aid in developing new digital endpoints that could lead to more effective treatments and improved patient care.
• April 2022 - Blue Spark Technologies, Inc., a leader in wearable remote patient monitoring technologies, said today that it had secured a $40 million intellectual property-based debt solution to fund development (NYSE: AON). The funds will be used to expand Blue Spark's sales and marketing operations and further develop its wearable remote patient monitoring systems.

News Media

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 Global Flexible Thin Film and Printed Battery Market to Grow at a CAGR of 31% by 2030

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