The Global Market for Thin Film and Printed Batteries is estimated atUSD 120.09 Millionby 2021 and is expected to reachUSD 120.09 Millionby 2028 with a Compound Annual Growth Rate (CAGR) of 23.8% between 2022 and 2028. The growth of thin film and the printed battery market is mainly due to the growing demand for thin film and printed batteries for wearable applications, slower production of electronic components, increased demand for flexible batteries in IoT systems, increased use of flexible printed batteries, and COVID-19 patient treatment material.
The gradual development of such devices as cell phones, watches, and medical devices has led to an increase in demand for smaller electronic components. Various connected electrical systems are being developed around the world. As conventional batteries reduce the size of electrical equipment, it has resulted in an increase in the demand for thin film and printed batteries. In addition, the reduced form of implants leads to the need for smaller batteries. Portable medical equipment can move from the design stage to the market area only if small batteries are used to power it. These batteries need to be thin and lightweight in order to be integrated with the wearable material. Although a major obstacle to the growth of the thin film and printed battery is the proprietary technology used to produce flexible printed batteries varies from one manufacturer to another, depending on the manufacturer's specifications. These batteries are specially designed for electronic devices, leading to interaction with other devices. Therefore, the lack of standards to be followed during battery development serves as a barrier to the growth of the flexible printed battery market.
The small film market and the printed battery can be divided on the basis of material into electrodes, electrolytes, substrates, current collectors and others. On a technical basis, the Thin Film and Printed Battery Market is divided into printed batteries, small lithium batteries, small flexible supercapacitors, solid state batteries, expandable laminar fuel cells, small batteries, lithium-polymer batteries. In terms of charging, the thin film and the printed battery market are separated by a used battery and a rechargeable battery. A simultaneous battery is also divided into thin films and a single-used printed battery. The rechargeable battery is further divided into a rechargeable film battery and a rechargeable battery. Based on the operating system, the Thin Film and Printed Battery Market is divided into smart packages, clothing items, smart cards, wireless communication, RFID, portable electronics, consumer electronics and entertainment.
North America dominates the thin film and the printed battery market because of smart packaging, clothing items, and smart cards. In addition, the proliferation of thin film and printed batteries due to its use in medical applications to record the body temperature of COVID-19 suspects and daily exposure to the virus will improve the growth of thin film and the printed battery market. region at the time of forecast. Asia Pacific is expected to see significant growth in the small film industry and the printed battery market due to the development of IoT. In addition, the increasing adoption of miniaturization of electronic products is expected to further the growth of thin film and the printed battery market in the region in the coming years.
Some of the key players in the Global Thin Film Market and Battery Market are - Enfucell Oy Ltd. (Finland), Samsung (South Korea), Ultralife Corporation (US), LG Chem Ltd. (South Korea), and Blue Spark Technologies (US).