The global flexible thin film and printed battery market size was valued at $1,217 million in 2019 and is projected to reach $11,033.3 million by 2027, growing at a CAGR of 30.9% from 2020 to 2027. Applications of flexible batteries have increased in recent times owing to the growth in trend of portable devices and flexible electronics. These batteries possess a new form factor and ultra-thin fabrication that enables them to achieve flexibility. The compatibility issue with conventional batteries to operate with flexible devices, namely, wearable sensors, implantable medical devices, artificial skins, and others, gives rise to the need for flexible batteries.
However, all these requirements cannot be practically realized unless an appropriate flexible power source is developed. To achieve this, flexible batteries are being developed with the most prevalent chemical, that is, lithium ion. Large-scale production as well as utilization of such batteries witnesses a changing trend, due to its limited energy density that restricts its usage in emerging applications such as electrical vehicles. Consistent R&D in the field of battery technology by companies, such as Enfucell Oy, Blue Spark Technologies, and Imprint Energy, and growth in involvement of existing market leaders, such as LG and Panasonic Corporation, pave the way for implementation of flexible batteries in the future.
Growth in applications of flexible batteries is attributed to rise in IoT, wearable technology, and the drift toward miniaturization of products, along with increase in demand for smart electronics products. However, low energy density of these batteries (especially in the case of ultra-thin lithium-ion batteries) restricts the usage applications of these batteries in verticals it can potentially cater to. Development in technology and the arising need for the flexibility enable the flexible battery market to explore the opportunities.
The global flexible thin film and printed battery market is analyzed by chargeability, application, and region. Based on chargeability, it is fragmented into rechargeable, and non-rechargeable. Based on application, the market is segregated into consumer electronics, energy harvesting, pharmaceutical & medical devices, packaging, smart cards, wearable technology, and others. Based on region, the global flexible thin film and printed battery market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Flexible Thin Film and Printed Battery Market Segmentation
By Chargeability
By Application
By Geography
Key Market Players:
However, all these requirements cannot be practically realized unless an appropriate flexible power source is developed. To achieve this, flexible batteries are being developed with the most prevalent chemical, that is, lithium ion. Large-scale production as well as utilization of such batteries witnesses a changing trend, due to its limited energy density that restricts its usage in emerging applications such as electrical vehicles. Consistent R&D in the field of battery technology by companies, such as Enfucell Oy, Blue Spark Technologies, and Imprint Energy, and growth in involvement of existing market leaders, such as LG and Panasonic Corporation, pave the way for implementation of flexible batteries in the future.
Growth in applications of flexible batteries is attributed to rise in IoT, wearable technology, and the drift toward miniaturization of products, along with increase in demand for smart electronics products. However, low energy density of these batteries (especially in the case of ultra-thin lithium-ion batteries) restricts the usage applications of these batteries in verticals it can potentially cater to. Development in technology and the arising need for the flexibility enable the flexible battery market to explore the opportunities.
The global flexible thin film and printed battery market is analyzed by chargeability, application, and region. Based on chargeability, it is fragmented into rechargeable, and non-rechargeable. Based on application, the market is segregated into consumer electronics, energy harvesting, pharmaceutical & medical devices, packaging, smart cards, wearable technology, and others. Based on region, the global flexible thin film and printed battery market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
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 Geography
- North America
- Canada
- Mexico
- U.S.
- Europe
- France
- Germany
- UK
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Africa
- Latin America
- Middle East
Key Market Players:
- 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
- STMicroelectronics
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Flexible Thin Film and Printed Battery Market, by Chargeability
Chapter 5: Flexible Thin Film and Printed Battery Market, by Application
Chapter 6: Flexible Thin Film and Printed Battery Market, by Region
Chapter 7: Competitive Landscape
Chapter 8: Company Profiles
Executive Summary
According to the report titled, 'Flexible Thin Film and Printed Battery Market By Chargeability and Application: Opportunity Analysis and Industry Forecast, 2020-2027', the flexible thin film and printed battery market size was valued at $1,217 million in 2019 and is projected to reach $11,033.3 million by 2027, growing at a CAGR of 30.9% from 2020 to 2027. Asia-Pacific is expected to be the leading contributor to the global flexible thin film and printed battery market, followed by North America and Europe.Flexible electronics is a potential method of creating intelligent, scalable products, with several new applications such as wearable electronics. The flexibility in the substrate, faster manufacturing process of printable circuits, and the reduced risk of disposal after use are some of the drivers of printed flexible electronics in the current scenario. Printed battery is one of the most promising applications of flexible electronics, having huge traction in the current scenario. The growing usage of smart objects such as RFIDs, stand-alone sensors, and others that require portable, non-bulky, and flexible power sources has been boosting the demand for flexible batteries.
Increase in IoT devices is majorly driving the growth of the flexible thin film and printed battery industry. Moreover, rise in demand for smart electronic products and increase in concern of government on flexible electronics is expected to boost the flexible thin film and printed battery market growth. Furthermore, surge in printed electronics, and increased production and demand for rechargeable batteries are expected to provide lucrative growth opportunities. However, lower energy density and cost constraints are expected to hinder the flexible thin film and printed battery market growth.
Currently, flexible batteries are majorly employed in applications wherein the power is utilized for single use and does not need to be recharged. Personal care, cosmetic patches, sports equipment, and pharmaceutical & medical devices are major beneficiaries for the non-rechargeable, flexible batteries market. The market for rechargeable flexible batteries is expected to grow with the development in technology, which can harness the capacity of the battery.
By region, the flexible thin film and printed battery market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for a major share of the global flexible thin film and printed battery market in 2019 and is expected to dominate the market in terms of revenue during the forecast period, owing to significant number of market players and growth in demand for smart consumer electronics.North America region holds the second largest share in the global flexible thin film and printed battery market and is expected to witness significant growth during the forecast period, owing to increasing demand for wearable devices.
Key findings of the Study:
By chargeability, the non-rechargeablesegment accounted for the maximum revenue in 2019 and is projected to grow at a notable CAGR of 29.8% during the forecast period.
By application, the consumer electronics segment accounted for approximately25.0% of the flexible thin film and printed battery market share in 2019.
The wearable technology segment is estimated to witness highest CAGR during the forecast period.
China was the major shareholder in the Asia-Pacificflexible thin film and printed battery market, accounting for more than 30.0% share in 2019.
The key players profiled in the flexible thin film and printed battery marketreport include 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, and STMicroelectronics. These key players have adopted various strategies such as product launch, collaboration &partnership, joint venture,agreement, and acquisition to expand their foothold in the flexible thin film and printed battery market.
Companies Mentioned
- 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
- STMicroelectronic
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 218 |
| Published | April 2020 |
| Forecast Period | 2019 - 2027 |
| Estimated Market Value ( USD | $ 1217 million |
| Forecasted Market Value ( USD | $ 11033.3 million |
| Compound Annual Growth Rate | 31.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
