Micro Battery Market

Micro Battery Market Size, Share, Growth Analysis, By Material:(Alkaline, Silver Oxide), By Type:(Thin Film Batteries, Printed Batteries), By Capacity:(Below 10 mAh, 10 to 100 mAh), By Battery Type:(Primary, Secondary), By Application:(Consumer Electronics, Medical Devices), By Region(North America, US) - Industry Forecast 2024-2031

Report ID: UCMIG45K2069 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Micro Battery Market Insights

Market Overview:

At a CAGR of 22.4% from 2023 to 2028, the size of the global micro battery market is anticipated to increase from USD 0.5 billion in 2023 to USD 1.3 billion by 2028. The three main factors driving this market are the global micro battery market, global micro battery market, and global micro battery market.

Micro Battery Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electronic Components by segment aggregation, the contribution of the Electronic Components in Technology Hardware & Equipment and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Segmentation Analysis:

The Micro Battery Market is segmented by Material:, Type:, Capacity:, Battery Type:, Application:, Region. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

Micro Battery Market Basis Point Share Analysis, 2021 Vs. 2028
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  • Based on Material: the market is segmented as, Alkaline, Silver Oxide, Lithium, Others
  • Based on Type: the market is segmented as, Thin Film Batteries, Printed Batteries, Solid-state Chip Batteries, Button Batteries
  • Based on Capacity: the market is segmented as, Below 10 mAh, 10 to 100 mAh, Above 100 mAh
  • Based on Battery Type: the market is segmented as, Primary, Secondary
  • Based on Application: the market is segmented as, Consumer Electronics, Medical Devices, Smart Packaging, Smart Cards, Wireless Sensors, Others
  • Based on Region the market is segmented as, North America, US, Canada, Mexico, Europe, Germany, UK, France, Rest of Europe, Asia Pacific, China, Japan, India, Rest of Asia Pacific, Rest of the World, South America, Middle East & Africa, KEY MARKET PLAYERS, Cymbet Corporation, Enfucell, Ultralife Corporation, Molex, LLC, Panasonic Holdings Corporation, Murata Manufacturing Co., Ltd., TDK Corporation, Maxell, Ltd., VARTA AG, Renata SA, Duracell Inc.

Regional Analysis:

Micro Battery Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.

Micro Battery Market Attractiveness Analysis, By Region 2020-2028
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Micro Battery Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Micro Battery Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Micro Battery Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key Micro Battery Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Micro Battery Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

  • Micro Battery Market Size is expected to grow from USD 0.5 Billion in 2023 to USD 1.3 Billion by 2028, at a CAGR of 22.4% from 2023 to 2028.
  • Micro batteries, such as thin film and printed batteries, are designed to complement products requiring an onboard ultra-thin power supply. Printed batteries offer flexibility and are available in thin and ultra-thin sizes, allowing them to be integrated as a power source in various applications, such as smart packaging, smart cards, wearable devices, consumer electronics, and medical devices. Moreover, advancements in thin film and printed batteries have resulted in new emerging application areas, such as smart textiles, wireless sensors, and energy-harvesting devices.
  • DRIVERS: Rising demand for wearable devices
  • Wearable devices include eyewear, such as smart glasses and virtual reality wearable headsets; and wristwear, such as smartwatches and fitness wristbands. People wear wearable devices to compute their daily activities or track body movement and heart rate information. Wearable devices come in many shapes and forms, and most wearable applications require ultra-thin durable batteries, creating a vast market potential for micro batteries. The application areas of wearable devices are growing from consumer electronics and medical devices to wireless communication devices. There are growth opportunities for wearable medical devices and wireless healthcare monitoring systems, as the medical sector will likely witness a significant technological shift. The market for wearable technology is witnessing increasing product innovation with new product launches and developments. Hence, wearable devices require high flexibility and ultra-thin design, which can be achieved through the integration of thin film and printed batteries.
  • RESTRAINTS: Lack of standards in micro battery designs
  • The proprietary technology used to manufacture micro batteries differs from manufacturer to manufacturer and is based on the manufacturer’s specifications. These micro batteries are manufactured specifically for specific electronic devices, due to which compatibility issues may arise if used in other devices. Moreover, no substantial regulatory standards exist in printed battery manufacturing regarding the various types of printed technologies and materials used. These factors, therefore, create the requirement for measures and standards to develop these batteries. Thus, due to the lack of standards for the design of micro batteries, it is challenging for product manufacturers to choose the appropriate micro battery for their products.
  • OPPORTUNITIES: Growing use of wireless sensors equipped with micro batteries
  • Wireless sensors are being adopted rapidly due to the advancements in IoT and wireless sensor technologies. Micro batteries are quickly emerging as a viable power supply option for embedded system designers, enabling wireless sensors to be used in applications that were previously not feasible. Micro batteries allow combining energy harvesting through a thin battery with flexible form factors. These batteries are ideal for energy harvesting systems owing to their ultra-thin profile and low leakage characteristics. The increasing adoption of energy harvesting-based autonomous wireless sensors is expected to act as a growth opportunity for the micro battery market.
  • CHALLENGES: Complexities in battery fabrication
  • Thin film batteries have a number of distinctive features, such as high flexibility, easy portability, lightweight, higher power-holding capacity, and excellent energy density. During the fabrication of thin film lithium-ion batteries, achieving an optimal match between core components such as nanostructured electrode materials, shape-conformable solid electrolytes, and soft current collectors is essential. This enables batteries to maintain stable electrochemical performance even if they are deformed to fit powered devices. However, the fabrication process of such batteries is costly. It also requires a complex screening of solid-state electrolytes, soft current collectors, electrode materials, and whole lithium-ion battery cell assemblies. However, the fabrication of such batteries is more challenging than conventional rechargeable lithium-ion batteries. Studies are being undertaken to focus on the fundamental understanding and simulation of fully thin film and printed flexible lithium-ion batteries. Research is also being carried out to test the reliability and performance of these batteries, which are not easily explored using the present state-of-the-art technologies. Thus, the complexity of fabricating thin film lithium-ion batteries is a key challenge for the market's growth.
  • Micro Battery Market Ecosystem
  • Prominent companies in this market include well-established, financially stable manufacturers such as Panasonic Holdings Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), TDK Corporation (Japan), Maxell, Ltd. (Japan), VARTA AG (Germany), and Duracell Inc. (US). These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Along with the well-establiished companies, there are a large number of startups and small companies operating in this market such as Cymbet Corporation (US), Enfucell (Finland), and Ultralife Corporation (US), especially for products such as thin film and printed batteries.
  • Primary battery segment is expected to hold a substantial market share during the forecast period.
  • Primary or single-use batteries are non-rechargeable batteries that are discarded once used. These batteries are supplied fully charged and discarded after use. Most printed batteries built on zinc-based materials, in particular, are typically primary batteries. Primary batteries are prominently used in applications wherein the recharging of the battery is impossible. These batteries are integrated into the products and do not require recharging. They play an essential role, especially when charging is impractical or impossible, for instance, in pacemakers of heart patients and smart meters. Also, these batteries are disposable and less hazardous as they do not contain cadmium, lead, and mercury, which are hazardous to the environment and human health.
  • The market for consumer electronics is projected to grow at an impressive CAGR during the forecast period
  • Micro batteries are increasingly used in consumer electronics applications such as low-drain devices, wearables, calculators, and remote controls. The application of thin film, printed, coin/button, and solid-state chip batteries in consumer electronic devices are driven by the miniaturization of electronic products and rising demand for flexible electronic devices. Thin film batteries can power portable consumer electronic products. They can also conform to the flexible design of portable electronic devices. Micro batteries are being used in low-power consumer electronic devices, which require a flexible, ultra-thin power source. Integrating printed batteries in the place of conventional batteries could make the product flexible, eventually leading to the use of printed batteries in portable consumer electronic products. Button/coin batteries are used in various consumer electronics such as watches, wearables, remote controls, and more.
  • The market in Asia Pacific is projected to grow at the highest CAGR from 2023 to 2028.
  • The market in Asia Pacific mainly comprises developing economies, such as China and India, which have a huge potential for the growth of the micro battery market. Increasing demand for IoT devices and portable consumer electronic devices in countries such as China, India, Japan, and South Korea drives the market for micro batteries in the region. The popularity of next-generation smart cards is also rapidly increasing in this region. All these developments have, in turn, led to the increased demand for flexible batteries in smart cards. The market for micro batteries in Asia Pacific is expected to grow due to the need for smart packaging, wearable devices, and consumer electronics from the major countries in this region.
  • KEY MARKET SEGMENTS
  • By Material:
  • Alkaline
  • Silver Oxide
  • Lithium
  • Others
  • By Type:
  • Thin Film Batteries
  • Printed Batteries
  • Solid-state Chip Batteries
  • Button Batteries
  • By Capacity:
  • Below 10 mAh
  • 10 to 100 mAh
  • Above 100 mAh
  • By Battery Type:
  • Primary
  • Secondary
  • By Application:
  • Consumer Electronics
  • Medical Devices
  • Smart Packaging
  • Smart Cards
  • Wireless Sensors
  • Others
  • By Region
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
  • Rest of the World
  • South America
  • Middle East & Africa
  • KEY MARKET PLAYERS
  • Cymbet Corporation
  • Enfucell
  • Ultralife Corporation
  • Molex, LLC
  • Panasonic Holdings Corporation
  • Murata Manufacturing Co., Ltd.
  • TDK Corporation
  • Maxell, Ltd.
  • VARTA AG
  • Renata SA
  • Duracell Inc.

SkyQuest's Expertise:

The Micro Battery Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.

Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.

Scope Of Report

Report Attribute Details
The base year for estimation 2021
Historical data 2016 – 2022
Forecast period 2022 – 2028
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
  • By Material: - Alkaline, Silver Oxide, Lithium, Others
  • By Type: - Thin Film Batteries, Printed Batteries, Solid-state Chip Batteries, Button Batteries
  • By Capacity: - Below 10 mAh, 10 to 100 mAh, Above 100 mAh
  • By Battery Type: - Primary, Secondary
  • By Application: - Consumer Electronics, Medical Devices, Smart Packaging, Smart Cards, Wireless Sensors, Others
  • By Region - North America, US, Canada, Mexico, Europe, Germany, UK, France, Rest of Europe, Asia Pacific, China, Japan, India, Rest of Asia Pacific, Rest of the World, South America, Middle East & Africa, KEY MARKET PLAYERS, Cymbet Corporation, Enfucell, Ultralife Corporation, Molex, LLC, Panasonic Holdings Corporation, Murata Manufacturing Co., Ltd., TDK Corporation, Maxell, Ltd., VARTA AG, Renata SA, Duracell Inc.
Regional scope North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled
  • Micro Battery Market Size is expected to grow from USD 0.5 Billion in 2023 to USD 1.3 Billion by 2028, at a CAGR of 22.4% from 2023 to 2028.
  • Micro batteries, such as thin film and printed batteries, are designed to complement products requiring an onboard ultra-thin power supply. Printed batteries offer flexibility and are available in thin and ultra-thin sizes, allowing them to be integrated as a power source in various applications, such as smart packaging, smart cards, wearable devices, consumer electronics, and medical devices. Moreover, advancements in thin film and printed batteries have resulted in new emerging application areas, such as smart textiles, wireless sensors, and energy-harvesting devices.
  • DRIVERS: Rising demand for wearable devices
  • Wearable devices include eyewear, such as smart glasses and virtual reality wearable headsets; and wristwear, such as smartwatches and fitness wristbands. People wear wearable devices to compute their daily activities or track body movement and heart rate information. Wearable devices come in many shapes and forms, and most wearable applications require ultra-thin durable batteries, creating a vast market potential for micro batteries. The application areas of wearable devices are growing from consumer electronics and medical devices to wireless communication devices. There are growth opportunities for wearable medical devices and wireless healthcare monitoring systems, as the medical sector will likely witness a significant technological shift. The market for wearable technology is witnessing increasing product innovation with new product launches and developments. Hence, wearable devices require high flexibility and ultra-thin design, which can be achieved through the integration of thin film and printed batteries.
  • RESTRAINTS: Lack of standards in micro battery designs
  • The proprietary technology used to manufacture micro batteries differs from manufacturer to manufacturer and is based on the manufacturer’s specifications. These micro batteries are manufactured specifically for specific electronic devices, due to which compatibility issues may arise if used in other devices. Moreover, no substantial regulatory standards exist in printed battery manufacturing regarding the various types of printed technologies and materials used. These factors, therefore, create the requirement for measures and standards to develop these batteries. Thus, due to the lack of standards for the design of micro batteries, it is challenging for product manufacturers to choose the appropriate micro battery for their products.
  • OPPORTUNITIES: Growing use of wireless sensors equipped with micro batteries
  • Wireless sensors are being adopted rapidly due to the advancements in IoT and wireless sensor technologies. Micro batteries are quickly emerging as a viable power supply option for embedded system designers, enabling wireless sensors to be used in applications that were previously not feasible. Micro batteries allow combining energy harvesting through a thin battery with flexible form factors. These batteries are ideal for energy harvesting systems owing to their ultra-thin profile and low leakage characteristics. The increasing adoption of energy harvesting-based autonomous wireless sensors is expected to act as a growth opportunity for the micro battery market.
  • CHALLENGES: Complexities in battery fabrication
  • Thin film batteries have a number of distinctive features, such as high flexibility, easy portability, lightweight, higher power-holding capacity, and excellent energy density. During the fabrication of thin film lithium-ion batteries, achieving an optimal match between core components such as nanostructured electrode materials, shape-conformable solid electrolytes, and soft current collectors is essential. This enables batteries to maintain stable electrochemical performance even if they are deformed to fit powered devices. However, the fabrication process of such batteries is costly. It also requires a complex screening of solid-state electrolytes, soft current collectors, electrode materials, and whole lithium-ion battery cell assemblies. However, the fabrication of such batteries is more challenging than conventional rechargeable lithium-ion batteries. Studies are being undertaken to focus on the fundamental understanding and simulation of fully thin film and printed flexible lithium-ion batteries. Research is also being carried out to test the reliability and performance of these batteries, which are not easily explored using the present state-of-the-art technologies. Thus, the complexity of fabricating thin film lithium-ion batteries is a key challenge for the market's growth.
  • Micro Battery Market Ecosystem
  • Prominent companies in this market include well-established, financially stable manufacturers such as Panasonic Holdings Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), TDK Corporation (Japan), Maxell, Ltd. (Japan), VARTA AG (Germany), and Duracell Inc. (US). These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Along with the well-establiished companies, there are a large number of startups and small companies operating in this market such as Cymbet Corporation (US), Enfucell (Finland), and Ultralife Corporation (US), especially for products such as thin film and printed batteries.
  • Primary battery segment is expected to hold a substantial market share during the forecast period.
  • Primary or single-use batteries are non-rechargeable batteries that are discarded once used. These batteries are supplied fully charged and discarded after use. Most printed batteries built on zinc-based materials, in particular, are typically primary batteries. Primary batteries are prominently used in applications wherein the recharging of the battery is impossible. These batteries are integrated into the products and do not require recharging. They play an essential role, especially when charging is impractical or impossible, for instance, in pacemakers of heart patients and smart meters. Also, these batteries are disposable and less hazardous as they do not contain cadmium, lead, and mercury, which are hazardous to the environment and human health.
  • The market for consumer electronics is projected to grow at an impressive CAGR during the forecast period
  • Micro batteries are increasingly used in consumer electronics applications such as low-drain devices, wearables, calculators, and remote controls. The application of thin film, printed, coin/button, and solid-state chip batteries in consumer electronic devices are driven by the miniaturization of electronic products and rising demand for flexible electronic devices. Thin film batteries can power portable consumer electronic products. They can also conform to the flexible design of portable electronic devices. Micro batteries are being used in low-power consumer electronic devices, which require a flexible, ultra-thin power source. Integrating printed batteries in the place of conventional batteries could make the product flexible, eventually leading to the use of printed batteries in portable consumer electronic products. Button/coin batteries are used in various consumer electronics such as watches, wearables, remote controls, and more.
  • The market in Asia Pacific is projected to grow at the highest CAGR from 2023 to 2028.
  • The market in Asia Pacific mainly comprises developing economies, such as China and India, which have a huge potential for the growth of the micro battery market. Increasing demand for IoT devices and portable consumer electronic devices in countries such as China, India, Japan, and South Korea drives the market for micro batteries in the region. The popularity of next-generation smart cards is also rapidly increasing in this region. All these developments have, in turn, led to the increased demand for flexible batteries in smart cards. The market for micro batteries in Asia Pacific is expected to grow due to the need for smart packaging, wearable devices, and consumer electronics from the major countries in this region.
  • KEY MARKET SEGMENTS
  • By Material:
  • Alkaline
  • Silver Oxide
  • Lithium
  • Others
  • By Type:
  • Thin Film Batteries
  • Printed Batteries
  • Solid-state Chip Batteries
  • Button Batteries
  • By Capacity:
  • Below 10 mAh
  • 10 to 100 mAh
  • Above 100 mAh
  • By Battery Type:
  • Primary
  • Secondary
  • By Application:
  • Consumer Electronics
  • Medical Devices
  • Smart Packaging
  • Smart Cards
  • Wireless Sensors
  • Others
  • By Region
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
  • Rest of the World
  • South America
  • Middle East & Africa
  • KEY MARKET PLAYERS
  • Cymbet Corporation
  • Enfucell
  • Ultralife Corporation
  • Molex, LLC
  • Panasonic Holdings Corporation
  • Murata Manufacturing Co., Ltd.
  • TDK Corporation
  • Maxell, Ltd.
  • VARTA AG
  • Renata SA
  • Duracell Inc.
Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Reap the benefits of customized purchase options to fit your specific research requirements.

Objectives of the Study

  • To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
  • To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
  • To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
  • To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

What does this Report Deliver?

  • Market Estimation for 20+ Countries
  • Historical data coverage: 2016 to 2022
  • Growth projections: 2022 to 2028
  • SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
  • Customization on Segments, Regions, and Company Profiles
  • 100+ tables, 150+ Figures, 10+ matrix
  • Global and Country Market Trends
  • Comprehensive Mapping of Industry Parameters
  • Attractive Investment Proposition
  • Competitive Strategies Adopted by Leading Market Participants
  • Market drivers, restraints, opportunities, and its impact on the market
  • Regulatory scenario, regional dynamics, and insights of leading countries in each region
  • Segment trends analysis, opportunity, and growth
  • Opportunity analysis by region and country
  • Porter's five force analysis to know the market's condition
  • Pricing analysis
  • Parent market analysis
  • Product portfolio benchmarking

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Micro Battery Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Micro Battery Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)
  • Micro Battery Market Size is expected to grow from USD 0.5 Billion in 2023 to USD 1.3 Billion by 2028, at a CAGR of 22.4% from 2023 to 2028.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Micro batteries, such as thin film and printed batteries, are designed to complement products requiring an onboard ultra-thin power supply. Printed batteries offer flexibility and are available in thin and ultra-thin sizes, allowing them to be integrated as a power source in various applications, such as smart packaging, smart cards, wearable devices, consumer electronics, and medical devices. Moreover, advancements in thin film and printed batteries have resulted in new emerging application areas, such as smart textiles, wireless sensors, and energy-harvesting devices.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • DRIVERS: Rising demand for wearable devices
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Wearable devices include eyewear, such as smart glasses and virtual reality wearable headsets; and wristwear, such as smartwatches and fitness wristbands. People wear wearable devices to compute their daily activities or track body movement and heart rate information. Wearable devices come in many shapes and forms, and most wearable applications require ultra-thin durable batteries, creating a vast market potential for micro batteries. The application areas of wearable devices are growing from consumer electronics and medical devices to wireless communication devices. There are growth opportunities for wearable medical devices and wireless healthcare monitoring systems, as the medical sector will likely witness a significant technological shift. The market for wearable technology is witnessing increasing product innovation with new product launches and developments. Hence, wearable devices require high flexibility and ultra-thin design, which can be achieved through the integration of thin film and printed batteries.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • RESTRAINTS: Lack of standards in micro battery designs
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The proprietary technology used to manufacture micro batteries differs from manufacturer to manufacturer and is based on the manufacturer’s specifications. These micro batteries are manufactured specifically for specific electronic devices, due to which compatibility issues may arise if used in other devices. Moreover, no substantial regulatory standards exist in printed battery manufacturing regarding the various types of printed technologies and materials used. These factors, therefore, create the requirement for measures and standards to develop these batteries. Thus, due to the lack of standards for the design of micro batteries, it is challenging for product manufacturers to choose the appropriate micro battery for their products.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • OPPORTUNITIES: Growing use of wireless sensors equipped with micro batteries
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Wireless sensors are being adopted rapidly due to the advancements in IoT and wireless sensor technologies. Micro batteries are quickly emerging as a viable power supply option for embedded system designers, enabling wireless sensors to be used in applications that were previously not feasible. Micro batteries allow combining energy harvesting through a thin battery with flexible form factors. These batteries are ideal for energy harvesting systems owing to their ultra-thin profile and low leakage characteristics. The increasing adoption of energy harvesting-based autonomous wireless sensors is expected to act as a growth opportunity for the micro battery market.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • CHALLENGES: Complexities in battery fabrication
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Thin film batteries have a number of distinctive features, such as high flexibility, easy portability, lightweight, higher power-holding capacity, and excellent energy density. During the fabrication of thin film lithium-ion batteries, achieving an optimal match between core components such as nanostructured electrode materials, shape-conformable solid electrolytes, and soft current collectors is essential. This enables batteries to maintain stable electrochemical performance even if they are deformed to fit powered devices. However, the fabrication process of such batteries is costly. It also requires a complex screening of solid-state electrolytes, soft current collectors, electrode materials, and whole lithium-ion battery cell assemblies. However, the fabrication of such batteries is more challenging than conventional rechargeable lithium-ion batteries. Studies are being undertaken to focus on the fundamental understanding and simulation of fully thin film and printed flexible lithium-ion batteries. Research is also being carried out to test the reliability and performance of these batteries, which are not easily explored using the present state-of-the-art technologies. Thus, the complexity of fabricating thin film lithium-ion batteries is a key challenge for the market's growth.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Micro Battery Market Ecosystem
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Prominent companies in this market include well-established, financially stable manufacturers such as Panasonic Holdings Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), TDK Corporation (Japan), Maxell, Ltd. (Japan), VARTA AG (Germany), and Duracell Inc. (US). These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Along with the well-establiished companies, there are a large number of startups and small companies operating in this market such as Cymbet Corporation (US), Enfucell (Finland), and Ultralife Corporation (US), especially for products such as thin film and printed batteries.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Primary battery segment is expected to hold a substantial market share during the forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Primary or single-use batteries are non-rechargeable batteries that are discarded once used. These batteries are supplied fully charged and discarded after use. Most printed batteries built on zinc-based materials, in particular, are typically primary batteries. Primary batteries are prominently used in applications wherein the recharging of the battery is impossible. These batteries are integrated into the products and do not require recharging. They play an essential role, especially when charging is impractical or impossible, for instance, in pacemakers of heart patients and smart meters. Also, these batteries are disposable and less hazardous as they do not contain cadmium, lead, and mercury, which are hazardous to the environment and human health.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The market for consumer electronics is projected to grow at an impressive CAGR during the forecast period
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Micro batteries are increasingly used in consumer electronics applications such as low-drain devices, wearables, calculators, and remote controls. The application of thin film, printed, coin/button, and solid-state chip batteries in consumer electronic devices are driven by the miniaturization of electronic products and rising demand for flexible electronic devices. Thin film batteries can power portable consumer electronic products. They can also conform to the flexible design of portable electronic devices. Micro batteries are being used in low-power consumer electronic devices, which require a flexible, ultra-thin power source. Integrating printed batteries in the place of conventional batteries could make the product flexible, eventually leading to the use of printed batteries in portable consumer electronic products. Button/coin batteries are used in various consumer electronics such as watches, wearables, remote controls, and more.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The market in Asia Pacific is projected to grow at the highest CAGR from 2023 to 2028.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The market in Asia Pacific mainly comprises developing economies, such as China and India, which have a huge potential for the growth of the micro battery market. Increasing demand for IoT devices and portable consumer electronic devices in countries such as China, India, Japan, and South Korea drives the market for micro batteries in the region. The popularity of next-generation smart cards is also rapidly increasing in this region. All these developments have, in turn, led to the increased demand for flexible batteries in smart cards. The market for micro batteries in Asia Pacific is expected to grow due to the need for smart packaging, wearable devices, and consumer electronics from the major countries in this region.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET SEGMENTS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Material:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Alkaline
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Silver Oxide
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Lithium
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Others
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Type:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Thin Film Batteries
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Printed Batteries
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Solid-state Chip Batteries
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Button Batteries
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Capacity:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Below 10 mAh
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • 10 to 100 mAh
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Above 100 mAh
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Battery Type:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Primary
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Secondary
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Application:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Consumer Electronics
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Medical Devices
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Smart Packaging
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Smart Cards
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Wireless Sensors
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Others
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Region
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • US
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Canada
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Mexico
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Germany
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • UK
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • France
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rest of Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • China
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Japan
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • India
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rest of Asia Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rest of the World
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • South America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Middle East & Africa
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET PLAYERS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Cymbet Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Enfucell
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Ultralife Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Molex, LLC
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Panasonic Holdings Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Murata Manufacturing Co., Ltd.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • TDK Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Maxell, Ltd.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • VARTA AG
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Renata SA
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Duracell Inc.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments

Methodology

For the Micro Battery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Micro Battery Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Micro Battery Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Micro Battery Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

The global market for Micro Battery was estimated to be valued at US$ XX Mn in 2021.

The global Micro Battery Market is estimated to grow at a CAGR of XX% by 2028.

The global Micro Battery Market is segmented on the basis of Material:, Type:, Capacity:, Battery Type:, Application:, Region.

Based on region, the global Micro Battery Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the global Micro Battery Market are Micro Battery Market Size is expected to grow from USD 0.5 Billion in 2023 to USD 1.3 Billion by 2028, at a CAGR of 22.4% from 2023 to 2028. , Micro batteries, such as thin film and printed batteries, are designed to complement products requiring an onboard ultra-thin power supply. Printed batteries offer flexibility and are available in thin and ultra-thin sizes, allowing them to be integrated as a power source in various applications, such as smart packaging, smart cards, wearable devices, consumer electronics, and medical devices. Moreover, advancements in thin film and printed batteries have resulted in new emerging application areas, such as smart textiles, wireless sensors, and energy-harvesting devices. , DRIVERS: Rising demand for wearable devices , Wearable devices include eyewear, such as smart glasses and virtual reality wearable headsets; and wristwear, such as smartwatches and fitness wristbands. People wear wearable devices to compute their daily activities or track body movement and heart rate information. Wearable devices come in many shapes and forms, and most wearable applications require ultra-thin durable batteries, creating a vast market potential for micro batteries. The application areas of wearable devices are growing from consumer electronics and medical devices to wireless communication devices. There are growth opportunities for wearable medical devices and wireless healthcare monitoring systems, as the medical sector will likely witness a significant technological shift. The market for wearable technology is witnessing increasing product innovation with new product launches and developments. Hence, wearable devices require high flexibility and ultra-thin design, which can be achieved through the integration of thin film and printed batteries. , RESTRAINTS: Lack of standards in micro battery designs , The proprietary technology used to manufacture micro batteries differs from manufacturer to manufacturer and is based on the manufacturer’s specifications. These micro batteries are manufactured specifically for specific electronic devices, due to which compatibility issues may arise if used in other devices. Moreover, no substantial regulatory standards exist in printed battery manufacturing regarding the various types of printed technologies and materials used. These factors, therefore, create the requirement for measures and standards to develop these batteries. Thus, due to the lack of standards for the design of micro batteries, it is challenging for product manufacturers to choose the appropriate micro battery for their products. , OPPORTUNITIES: Growing use of wireless sensors equipped with micro batteries , Wireless sensors are being adopted rapidly due to the advancements in IoT and wireless sensor technologies. Micro batteries are quickly emerging as a viable power supply option for embedded system designers, enabling wireless sensors to be used in applications that were previously not feasible. Micro batteries allow combining energy harvesting through a thin battery with flexible form factors. These batteries are ideal for energy harvesting systems owing to their ultra-thin profile and low leakage characteristics. The increasing adoption of energy harvesting-based autonomous wireless sensors is expected to act as a growth opportunity for the micro battery market. , CHALLENGES: Complexities in battery fabrication , Thin film batteries have a number of distinctive features, such as high flexibility, easy portability, lightweight, higher power-holding capacity, and excellent energy density. During the fabrication of thin film lithium-ion batteries, achieving an optimal match between core components such as nanostructured electrode materials, shape-conformable solid electrolytes, and soft current collectors is essential. This enables batteries to maintain stable electrochemical performance even if they are deformed to fit powered devices. However, the fabrication process of such batteries is costly. It also requires a complex screening of solid-state electrolytes, soft current collectors, electrode materials, and whole lithium-ion battery cell assemblies. However, the fabrication of such batteries is more challenging than conventional rechargeable lithium-ion batteries. Studies are being undertaken to focus on the fundamental understanding and simulation of fully thin film and printed flexible lithium-ion batteries. Research is also being carried out to test the reliability and performance of these batteries, which are not easily explored using the present state-of-the-art technologies. Thus, the complexity of fabricating thin film lithium-ion batteries is a key challenge for the market's growth. , Micro Battery Market Ecosystem , Prominent companies in this market include well-established, financially stable manufacturers such as Panasonic Holdings Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), TDK Corporation (Japan), Maxell, Ltd. (Japan), VARTA AG (Germany), and Duracell Inc. (US). These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Along with the well-establiished companies, there are a large number of startups and small companies operating in this market such as Cymbet Corporation (US), Enfucell (Finland), and Ultralife Corporation (US), especially for products such as thin film and printed batteries. , Primary battery segment is expected to hold a substantial market share during the forecast period. , Primary or single-use batteries are non-rechargeable batteries that are discarded once used. These batteries are supplied fully charged and discarded after use. Most printed batteries built on zinc-based materials, in particular, are typically primary batteries. Primary batteries are prominently used in applications wherein the recharging of the battery is impossible. These batteries are integrated into the products and do not require recharging. They play an essential role, especially when charging is impractical or impossible, for instance, in pacemakers of heart patients and smart meters. Also, these batteries are disposable and less hazardous as they do not contain cadmium, lead, and mercury, which are hazardous to the environment and human health. , The market for consumer electronics is projected to grow at an impressive CAGR during the forecast period , Micro batteries are increasingly used in consumer electronics applications such as low-drain devices, wearables, calculators, and remote controls. The application of thin film, printed, coin/button, and solid-state chip batteries in consumer electronic devices are driven by the miniaturization of electronic products and rising demand for flexible electronic devices. Thin film batteries can power portable consumer electronic products. They can also conform to the flexible design of portable electronic devices. Micro batteries are being used in low-power consumer electronic devices, which require a flexible, ultra-thin power source. Integrating printed batteries in the place of conventional batteries could make the product flexible, eventually leading to the use of printed batteries in portable consumer electronic products. Button/coin batteries are used in various consumer electronics such as watches, wearables, remote controls, and more. , The market in Asia Pacific is projected to grow at the highest CAGR from 2023 to 2028. , The market in Asia Pacific mainly comprises developing economies, such as China and India, which have a huge potential for the growth of the micro battery market. Increasing demand for IoT devices and portable consumer electronic devices in countries such as China, India, Japan, and South Korea drives the market for micro batteries in the region. The popularity of next-generation smart cards is also rapidly increasing in this region. All these developments have, in turn, led to the increased demand for flexible batteries in smart cards. The market for micro batteries in Asia Pacific is expected to grow due to the need for smart packaging, wearable devices, and consumer electronics from the major countries in this region. , KEY MARKET SEGMENTS , By Material: , Alkaline , Silver Oxide , Lithium , Others , By Type: , Thin Film Batteries , Printed Batteries , Solid-state Chip Batteries , Button Batteries , By Capacity: , Below 10 mAh , 10 to 100 mAh , Above 100 mAh , By Battery Type: , Primary , Secondary , By Application: , Consumer Electronics , Medical Devices , Smart Packaging , Smart Cards , Wireless Sensors , Others , By Region , North America , US , Canada , Mexico , Europe , Germany , UK , France , Rest of Europe , Asia Pacific , China , Japan , India , Rest of Asia Pacific , Rest of the World , South America , Middle East & Africa, KEY MARKET PLAYERS , Cymbet Corporation , Enfucell , Ultralife Corporation , Molex, LLC , Panasonic Holdings Corporation , Murata Manufacturing Co., Ltd. , TDK Corporation , Maxell, Ltd. , VARTA AG , Renata SA , Duracell Inc..

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