Printed Thin Film Battery Global Market Report 2025

The printed thin film battery market size has grown rapidly in recent years. It will grow from $1.61 billion in 2024 to $1.91 billion in 2025 at a compound annual growth rate (CAGR) of 18.9%. The growth during the historic period can be attributed to rising demand for wearable electronics, increasing adoption of Internet of Things devices, growing need for flexible and miniaturized power sources, higher investments in printed electronics, and expanding applications in smart packaging and medical devices.

The printed thin film battery market size is expected to see rapidly growth in the next few years. It will grow to $3.78 billion in 2029 at a compound annual growth rate (CAGR) of 18.5%. The growth projected for the forecast period can be linked to expanding applications in IoT and connected devices, rising demand for flexible and stretchable electronics, increasing investment in energy storage research and development, growing adoption of smart and active packaging solutions, and stronger focus on eco-friendly and disposable electronics. Key trends in the forecast period include advancements in high-energy-density materials, development of stretchable and biodegradable batteries, innovations in roll-to-roll manufacturing processes, integration with energy harvesting systems, and expansion into new IoT and medical applications.

The rising demand for wearable devices is expected to drive growth in the printed thin film battery market. Wearable devices are electronic technologies designed to be worn on the body, often integrating sensors, software, and connectivity features to monitor, track, and enhance personal health, fitness, and daily activities. A key factor driving this demand is the growing consumer focus on proactive health management, as individuals seek continuous, real-time insights into vital signs and lifestyle metrics to make informed decisions that support well-being and prevent potential health issues. Printed thin film batteries address this need by providing lightweight, flexible, and durable energy solutions that integrate seamlessly into compact wearable designs, improving usability and device performance. For example, in August 2022, the International Insurance Society, a US-based non-profit organization, reported that nearly 30% of U.S. adults use health-focused wearables, primarily smartwatches, with almost half of them wearing the devices daily. Consequently, the rising demand for wearable devices is driving the printed thin film battery market.

Key companies in the printed thin film battery market are focusing on innovations such as flexible thin-film batteries to deliver safe, high-performance, and adaptable energy solutions for next-generation electronic devices and Internet of Things (IoT) applications. A flexible thin-film battery is a lightweight, low-profile energy storage device that can conform to various shapes while providing reliable power in diverse environments. In January 2022, Imprint Energy, a US-based developer of thin, flexible, rechargeable batteries, launched ZinCore, an ultrathin, bendable battery offering high power density within a compact form factor. It can operate across extreme temperatures and is fully submersible. Its zinc-based chemistry enhances safety and environmental sustainability while supporting scalable, printed manufacturing for applications such as 5G devices, wearable electronics, medical equipment, and smart supply chain solutions.

In April 2022, Meta Materials Inc., a Canada-based advanced materials and nanotechnology company, acquired Plasma App Ltd. for $20 million. The acquisition aims to integrate PLASMAfusion, a proprietary high-speed coating technology, into Meta’s manufacturing processes to accelerate production, reduce costs, expand intellectual property, and enable new applications including battery materials, semiconductors, and high-volume nanocomposites. Plasma App Ltd., based in the UK, developed a high-speed thin-film production system.

Major players in the printed thin film battery market are Applied Materials Inc., STMicroelectronics, Swatch Group, Molex, Agfa-Gevaert Group, VARTA AG, TNO, Kurt J. Lesker Company, Novacentrix, Jenax Inc, Angstrom Engineering Inc, BrightVolt, Blue Spark Technologies, Polyplus (Sartorius Stedim Biotech), ITN Energy Systems, Enfucell, Ilika, Saralon, Zinergy, Imprint Energy.

Asia-Pacific was the largest region in the printed thin film battery market in 2024. The regions covered in printed thin film battery report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.

The printed thin film battery market research report is one of a series of new reports that provides printed thin film battery market statistics, including printed thin film battery industry global market size, regional shares, competitors with a printed thin film battery market share, detailed printed thin film battery market segments, market trends and opportunities, and any further data you may need to thrive in the printed thin film battery industry. This printed thin film battery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Printed thin-film batteries are ultra-thin, flexible power sources created using printing techniques to deposit functional inks onto substrates. They are designed to provide energy autonomy for compact, wearable, and connected electronics. These batteries offer customizable form factors, enhance design flexibility, support device miniaturization, and promote the development of disposable and sustainable electronics.

The primary types of printed thin-film batteries are rechargeable and non-rechargeable. A rechargeable printed thin-film battery is a lightweight, flexible energy storage device made by depositing thin layers of active materials onto a substrate, capable of multiple recharge cycles. Available form factors include flexible batteries, rigid batteries, microbatteries, and stackable batteries, using technologies such as screen printing, inkjet printing, roll-to-roll processing, and vacuum deposition. They are applied in consumer electronics, wearable devices, electric vehicles, IoT devices, and medical devices, serving end users across industrial, commercial, residential, healthcare, and aerospace and defense sectors.

The countries covered in the printed thin film battery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The printed thin film battery market consist of sales of flexible substrates, conductive inks, solid-state electrolytes, printing equipment, and integrated energy solutions. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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