Thin Film and Printed Battery Market

Thin Film and Printed Battery Market Size, Share, Growth Analysis, By Component:(Electrodes, Cathodes), By Material:(Lithium-Ion, Lithium Polymer), By Type:(Thin Film Batteries, Printed Batteries), By Voltage:(Below 1.5 V, 1.5 to 3 V), 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: UCMIG45K2070 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Thin Film and Printed Battery Market Insights

Market Overview:

At a CAGR of 28.2% from 2023 to 2028, the global market for thin film and printed batteries is anticipated to increase from USD 187 million in 2023 to USD 650 million by 2028.The primary factors driving this market are the increasing focus on foldable electronics and wearables, the proliferation of thin, flexible, and printed batteries in medical and electronic devices, the trend toward smaller electronic devices, and the rising need for printed flexible batteries in the Internet of Things sector.

Thin Film and Printed 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 Thin Film and Printed Battery Market is segmented by Component:, Material:, Type:, Voltage:, 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.

Thin Film and Printed Battery Market Basis Point Share Analysis, 2021 Vs. 2028
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  • Based on Component: the market is segmented as, Electrodes, Cathodes, Anodes, Substrates, Electrolytes
  • Based on Material: the market is segmented as, Lithium-Ion, Lithium Polymer, Zinc
  • Based on Type: the market is segmented as, Thin Film Batteries, Printed Batteries
  • Based on Voltage: the market is segmented as, Below 1.5 V, 1.5 to 3 V, Above 3 V
  • 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, Samsung SDI Co., Ltd., Enfucell, Ultralife Corporation, Molex, LLC, NGK Insulators, Ltd., Cymbet Corporation, Ilika plc, Jenax Inc., ProLogium Technology Co., Ltd, Renata SA

Regional Analysis:

Thin Film and Printed 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.

Thin Film and Printed Battery Market Attractiveness Analysis, By Region 2020-2028
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Thin Film and Printed Battery Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Thin Film and Printed 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 Thin Film and Printed Battery Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key Thin Film and Printed 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 Thin Film and Printed 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:

  • Thin Film and Printed Battery Market Size is expected to grow from USD 187 Million in 2023 to USD 650 Million by 2028, at a CAGR of 28.2% from 2023 to 2028.
  • Thin film and printed batteries are designed to complement the characteristics of thin and lightweight products with limited internal space. Unlike traditional batteries that are rigid and have predefined shapes, these batteries offer thin, flexible, light, and portable features.
  • DRIVERS: Rising proliferation of thin, flexible, and printed batteries in medical devices
  • In recent years, there have been advancements in medical devices, which require thin and flexible batteries. These batteries provide ease in designing miniature medical devices with reliable power sources. The increasing use of thin, flexible, and printed batteries significantly impacts healthcare research and development. These batteries are finding extensive application in devices worn or implanted in the human body, where minimizing their shape and size is crucial. This advancement in battery technology enables the development of more compact and lightweight medical devices, thus improving patient comfort and mobility.
  • RESTRAINTS: High initial investments
  • Manufacturing printed batteries imposes specialized equipment distinct from those used to print other products like electronics, chips, paper, and textiles. The development of printed flexible batteries requires high initial investments, especially to carry out research and development activities related to them and their manufacturing. It involves the implementation of advanced and expensive machinery, along with the required manufacturing technologies. The printing process for batteries demands high precision to ensure their functionality. As a result, manufacturers must invest in top-notch equipment and employ skilled workers with expertise in controlling the printing parameters. These factors increase the overall manufacturing cost.
  • OPPORTUNITIES: Advancements in next-generation thin film and printed lithium-air batteries
  • The demand for glucose-sensing armbands, heart-monitoring patches, and other wearable fitness devices is increasing globally. Battery researchers use thin, lightweight, printed, flexible, and stretchable batteries to power such electronic gadgets. However, most of these batteries are not durable. This has led to the development of next-generation thin film and printed flexible lithium-air batteries, which are reliable, thin, lightweight, and flexible. These next-generation batteries are currently in the initial years of development but are expected to power products ranging from clothing to roll-up tablets and prosthetic hands. Thin film and printed flexible lithium-air batteries are expected to store ten times more energy than current commercial lithium-ion cells.
  • CHALLENGES: Selection of raw materials and their high costs
  • Thin film and printed batteries offer limited power, unlike traditional batteries. Different types of thin film batteries that are available in the market are flexible alkaline batteries, plastic batteries, polymer lithium-metal batteries, and thin film lithium-ion batteries. Among these, thin film lithium-ion batteries are widely used owing to their increased flexibility, high-energy density, lightweight, and long lifespan. Despite these advantages, printed flexible lithium-ion batteries may be flammable and may lead to environmental problems. Zinc-based flexible batteries are cheaper than lithium-ion batteries and have no toxic material in them. However, zinc-based flexible batteries cannot effectively cater to every device's power requirements. Raw material costs and the required specifications and voltages of flexible batteries are among the key factors considered while selecting materials for their development. Thus, the selection of suitable materials to manufacture thin film and printed batteries with required specifications and voltage while keeping their costs low acts as a challenge for manufacturers of thin film and printed batteries.
  • Thin Film and Printed Battery Market Ecosystem
  • Prominent companies in this market include well-established, financially stable manufacturers, along with many startups and smaller companies. The thin film and printed battery market is still in emerging phase which presents huge growth opportunities for both large players and new startups. Some of the major players in this market include Samsung SDI Co., Ltd. (South Korea), Enfucell (Finland), Ultralife Corporation (US), Molex, LLC (US), NGK Insulators, Ltd. (Japan), Cymbet Corporation (US), Ilika plc (UK), and Jenax Inc. (South Korea). These companies have been focusing on new product developments, acquisitions, and partnerships to strengthen their market position.
  • Above 3 V voltage segment is expected to grow at a substantial CAGR during the forecast period.
  • Thin film and printed batteries with 3 V voltage offer higher power, longer life, and more safety than other flexible batteries. These batteries will likely witness a considerable global demand during the forecast period. Applications of thin film and printed batteries of 3 V have increased recently due to the development of many compact electronic devices. These batteries are expected to have applications in consumer electronics and wearables.
  • The market for 10 to 100 mAh capacity is projected to gain the largest market share during the forecast period
  • Thin film and printed batteries ranging from 10 to 100 mAh are comparatively large. These batteries are used for products requiring moderate to high energy. These thin film and printed batteries can be used in wearable devices, medical devices, energy harvesting systems, and wireless sensors. They can act as an integral part of these devices as their efficiency depends on the properties and shelf life of the batteries used. Thin film and printed batteries with a capacity of 10 to 100 mAh are expected to be the ideal energy sources for portable devices in the future.
  • The market in Asia Pacific is projected to grow at the highest CAGR from 2023 to 2028.
  • The thin film and printed battery market in Asia Pacific has been studied for China, India, Japan, and the Rest of Asia Pacific. The growing demand for IoT-enabled devices and the increasing proliferation of portable consumer electronics in countries such as China and India are driving the growth of the thin film and printed battery market. Given its large-scale industrial development, increased mobile and internet penetration, skilled workforce, and stable political conditions, India presents significant growth opportunities for the IoT market. Moreover, the country is also one of the leading adopters of technologies and related products. In addition, factors such as a growing number of infrastructural activities, rising population and per capita income, increasing penetration of high-end technologies, and a rising economy are also driving the thin film and printed battery market. Furthermore, the usage of compact electronics and medical devices in other countries such as China, Japan, and Malaysia contributes to the growth of the region's thin film and printed battery market.
  • Recent Developments
  • In May 2023, Ilika plc rolled out the first shipment of the solid-state Stereax M300 batteries to its customers.
  • In December 2021, Ultralife Corporation acquired Excell Battery Co. to strengthen its capabilities in mission-critical applications, such as downhole drilling, medical devices, OEM industrial devices, automated meters, and more. This acquisition will help scale up Battery & Energy Products business and expand key underserved market segments for the company.
  • In May 2020, Enfucell launched the WithMe app for detecting temperatures. The app can be installed on a mobile or tablet with an NFC function, where the user can read the data on the Wearable Temperature Tag produced by Enfucell.
  • KEY MARKET SEGMENTS
  • By Component:
  • Electrodes
  • Cathodes
  • Anodes
  • Substrates
  • Electrolytes
  • By Material:
  • Lithium-Ion
  • Lithium Polymer
  • Zinc
  • By Type:
  • Thin Film Batteries
  • Printed Batteries
  • By Voltage:
  • Below 1.5 V
  • 1.5 to 3 V
  • Above 3 V
  • 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
  • Samsung SDI Co., Ltd.
  • Enfucell
  • Ultralife Corporation
  • Molex, LLC
  • NGK Insulators, Ltd.
  • Cymbet Corporation
  • Ilika plc
  • Jenax Inc.
  • ProLogium Technology Co., Ltd
  • Renata SA
  • VARTA AG

SkyQuest's Expertise:

The Thin Film and Printed 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 Component: - Electrodes, Cathodes, Anodes, Substrates, Electrolytes
  • By Material: - Lithium-Ion, Lithium Polymer, Zinc
  • By Type: - Thin Film Batteries, Printed Batteries
  • By Voltage: - Below 1.5 V, 1.5 to 3 V, Above 3 V
  • 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, Samsung SDI Co., Ltd., Enfucell, Ultralife Corporation, Molex, LLC, NGK Insulators, Ltd., Cymbet Corporation, Ilika plc, Jenax Inc., ProLogium Technology Co., Ltd, Renata SA
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
  • Thin Film and Printed Battery Market Size is expected to grow from USD 187 Million in 2023 to USD 650 Million by 2028, at a CAGR of 28.2% from 2023 to 2028.
  • Thin film and printed batteries are designed to complement the characteristics of thin and lightweight products with limited internal space. Unlike traditional batteries that are rigid and have predefined shapes, these batteries offer thin, flexible, light, and portable features.
  • DRIVERS: Rising proliferation of thin, flexible, and printed batteries in medical devices
  • In recent years, there have been advancements in medical devices, which require thin and flexible batteries. These batteries provide ease in designing miniature medical devices with reliable power sources. The increasing use of thin, flexible, and printed batteries significantly impacts healthcare research and development. These batteries are finding extensive application in devices worn or implanted in the human body, where minimizing their shape and size is crucial. This advancement in battery technology enables the development of more compact and lightweight medical devices, thus improving patient comfort and mobility.
  • RESTRAINTS: High initial investments
  • Manufacturing printed batteries imposes specialized equipment distinct from those used to print other products like electronics, chips, paper, and textiles. The development of printed flexible batteries requires high initial investments, especially to carry out research and development activities related to them and their manufacturing. It involves the implementation of advanced and expensive machinery, along with the required manufacturing technologies. The printing process for batteries demands high precision to ensure their functionality. As a result, manufacturers must invest in top-notch equipment and employ skilled workers with expertise in controlling the printing parameters. These factors increase the overall manufacturing cost.
  • OPPORTUNITIES: Advancements in next-generation thin film and printed lithium-air batteries
  • The demand for glucose-sensing armbands, heart-monitoring patches, and other wearable fitness devices is increasing globally. Battery researchers use thin, lightweight, printed, flexible, and stretchable batteries to power such electronic gadgets. However, most of these batteries are not durable. This has led to the development of next-generation thin film and printed flexible lithium-air batteries, which are reliable, thin, lightweight, and flexible. These next-generation batteries are currently in the initial years of development but are expected to power products ranging from clothing to roll-up tablets and prosthetic hands. Thin film and printed flexible lithium-air batteries are expected to store ten times more energy than current commercial lithium-ion cells.
  • CHALLENGES: Selection of raw materials and their high costs
  • Thin film and printed batteries offer limited power, unlike traditional batteries. Different types of thin film batteries that are available in the market are flexible alkaline batteries, plastic batteries, polymer lithium-metal batteries, and thin film lithium-ion batteries. Among these, thin film lithium-ion batteries are widely used owing to their increased flexibility, high-energy density, lightweight, and long lifespan. Despite these advantages, printed flexible lithium-ion batteries may be flammable and may lead to environmental problems. Zinc-based flexible batteries are cheaper than lithium-ion batteries and have no toxic material in them. However, zinc-based flexible batteries cannot effectively cater to every device's power requirements. Raw material costs and the required specifications and voltages of flexible batteries are among the key factors considered while selecting materials for their development. Thus, the selection of suitable materials to manufacture thin film and printed batteries with required specifications and voltage while keeping their costs low acts as a challenge for manufacturers of thin film and printed batteries.
  • Thin Film and Printed Battery Market Ecosystem
  • Prominent companies in this market include well-established, financially stable manufacturers, along with many startups and smaller companies. The thin film and printed battery market is still in emerging phase which presents huge growth opportunities for both large players and new startups. Some of the major players in this market include Samsung SDI Co., Ltd. (South Korea), Enfucell (Finland), Ultralife Corporation (US), Molex, LLC (US), NGK Insulators, Ltd. (Japan), Cymbet Corporation (US), Ilika plc (UK), and Jenax Inc. (South Korea). These companies have been focusing on new product developments, acquisitions, and partnerships to strengthen their market position.
  • Above 3 V voltage segment is expected to grow at a substantial CAGR during the forecast period.
  • Thin film and printed batteries with 3 V voltage offer higher power, longer life, and more safety than other flexible batteries. These batteries will likely witness a considerable global demand during the forecast period. Applications of thin film and printed batteries of 3 V have increased recently due to the development of many compact electronic devices. These batteries are expected to have applications in consumer electronics and wearables.
  • The market for 10 to 100 mAh capacity is projected to gain the largest market share during the forecast period
  • Thin film and printed batteries ranging from 10 to 100 mAh are comparatively large. These batteries are used for products requiring moderate to high energy. These thin film and printed batteries can be used in wearable devices, medical devices, energy harvesting systems, and wireless sensors. They can act as an integral part of these devices as their efficiency depends on the properties and shelf life of the batteries used. Thin film and printed batteries with a capacity of 10 to 100 mAh are expected to be the ideal energy sources for portable devices in the future.
  • The market in Asia Pacific is projected to grow at the highest CAGR from 2023 to 2028.
  • The thin film and printed battery market in Asia Pacific has been studied for China, India, Japan, and the Rest of Asia Pacific. The growing demand for IoT-enabled devices and the increasing proliferation of portable consumer electronics in countries such as China and India are driving the growth of the thin film and printed battery market. Given its large-scale industrial development, increased mobile and internet penetration, skilled workforce, and stable political conditions, India presents significant growth opportunities for the IoT market. Moreover, the country is also one of the leading adopters of technologies and related products. In addition, factors such as a growing number of infrastructural activities, rising population and per capita income, increasing penetration of high-end technologies, and a rising economy are also driving the thin film and printed battery market. Furthermore, the usage of compact electronics and medical devices in other countries such as China, Japan, and Malaysia contributes to the growth of the region's thin film and printed battery market.
  • Recent Developments
  • In May 2023, Ilika plc rolled out the first shipment of the solid-state Stereax M300 batteries to its customers.
  • In December 2021, Ultralife Corporation acquired Excell Battery Co. to strengthen its capabilities in mission-critical applications, such as downhole drilling, medical devices, OEM industrial devices, automated meters, and more. This acquisition will help scale up Battery & Energy Products business and expand key underserved market segments for the company.
  • In May 2020, Enfucell launched the WithMe app for detecting temperatures. The app can be installed on a mobile or tablet with an NFC function, where the user can read the data on the Wearable Temperature Tag produced by Enfucell.
  • KEY MARKET SEGMENTS
  • By Component:
  • Electrodes
  • Cathodes
  • Anodes
  • Substrates
  • Electrolytes
  • By Material:
  • Lithium-Ion
  • Lithium Polymer
  • Zinc
  • By Type:
  • Thin Film Batteries
  • Printed Batteries
  • By Voltage:
  • Below 1.5 V
  • 1.5 to 3 V
  • Above 3 V
  • 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
  • Samsung SDI Co., Ltd.
  • Enfucell
  • Ultralife Corporation
  • Molex, LLC
  • NGK Insulators, Ltd.
  • Cymbet Corporation
  • Ilika plc
  • Jenax Inc.
  • ProLogium Technology Co., Ltd
  • Renata SA
  • VARTA AG
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 Thin Film and Printed 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 Thin Film and Printed 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(%)
  • Thin Film and Printed Battery Market Size is expected to grow from USD 187 Million in 2023 to USD 650 Million by 2028, at a CAGR of 28.2% from 2023 to 2028.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Thin film and printed batteries are designed to complement the characteristics of thin and lightweight products with limited internal space. Unlike traditional batteries that are rigid and have predefined shapes, these batteries offer thin, flexible, light, and portable features.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • DRIVERS: Rising proliferation of thin, flexible, and printed batteries in medical devices
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In recent years, there have been advancements in medical devices, which require thin and flexible batteries. These batteries provide ease in designing miniature medical devices with reliable power sources. The increasing use of thin, flexible, and printed batteries significantly impacts healthcare research and development. These batteries are finding extensive application in devices worn or implanted in the human body, where minimizing their shape and size is crucial. This advancement in battery technology enables the development of more compact and lightweight medical devices, thus improving patient comfort and mobility.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • RESTRAINTS: High initial investments
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Manufacturing printed batteries imposes specialized equipment distinct from those used to print other products like electronics, chips, paper, and textiles. The development of printed flexible batteries requires high initial investments, especially to carry out research and development activities related to them and their manufacturing. It involves the implementation of advanced and expensive machinery, along with the required manufacturing technologies. The printing process for batteries demands high precision to ensure their functionality. As a result, manufacturers must invest in top-notch equipment and employ skilled workers with expertise in controlling the printing parameters. These factors increase the overall manufacturing cost.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • OPPORTUNITIES: Advancements in next-generation thin film and printed lithium-air batteries
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The demand for glucose-sensing armbands, heart-monitoring patches, and other wearable fitness devices is increasing globally. Battery researchers use thin, lightweight, printed, flexible, and stretchable batteries to power such electronic gadgets. However, most of these batteries are not durable. This has led to the development of next-generation thin film and printed flexible lithium-air batteries, which are reliable, thin, lightweight, and flexible. These next-generation batteries are currently in the initial years of development but are expected to power products ranging from clothing to roll-up tablets and prosthetic hands. Thin film and printed flexible lithium-air batteries are expected to store ten times more energy than current commercial lithium-ion cells.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • CHALLENGES: Selection of raw materials and their high costs
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Thin film and printed batteries offer limited power, unlike traditional batteries. Different types of thin film batteries that are available in the market are flexible alkaline batteries, plastic batteries, polymer lithium-metal batteries, and thin film lithium-ion batteries. Among these, thin film lithium-ion batteries are widely used owing to their increased flexibility, high-energy density, lightweight, and long lifespan. Despite these advantages, printed flexible lithium-ion batteries may be flammable and may lead to environmental problems. Zinc-based flexible batteries are cheaper than lithium-ion batteries and have no toxic material in them. However, zinc-based flexible batteries cannot effectively cater to every device's power requirements. Raw material costs and the required specifications and voltages of flexible batteries are among the key factors considered while selecting materials for their development. Thus, the selection of suitable materials to manufacture thin film and printed batteries with required specifications and voltage while keeping their costs low acts as a challenge for manufacturers of thin film and printed batteries.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Thin Film and Printed 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, along with many startups and smaller companies. The thin film and printed battery market is still in emerging phase which presents huge growth opportunities for both large players and new startups. Some of the major players in this market include Samsung SDI Co., Ltd. (South Korea), Enfucell (Finland), Ultralife Corporation (US), Molex, LLC (US), NGK Insulators, Ltd. (Japan), Cymbet Corporation (US), Ilika plc (UK), and Jenax Inc. (South Korea). These companies have been focusing on new product developments, acquisitions, and partnerships to strengthen their market position.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Above 3 V voltage segment is expected to grow at a substantial CAGR during the forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Thin film and printed batteries with 3 V voltage offer higher power, longer life, and more safety than other flexible batteries. These batteries will likely witness a considerable global demand during the forecast period. Applications of thin film and printed batteries of 3 V have increased recently due to the development of many compact electronic devices. These batteries are expected to have applications in consumer electronics and wearables.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The market for 10 to 100 mAh capacity is projected to gain the largest market share during the forecast period
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Thin film and printed batteries ranging from 10 to 100 mAh are comparatively large. These batteries are used for products requiring moderate to high energy. These thin film and printed batteries can be used in wearable devices, medical devices, energy harvesting systems, and wireless sensors. They can act as an integral part of these devices as their efficiency depends on the properties and shelf life of the batteries used. Thin film and printed batteries with a capacity of 10 to 100 mAh are expected to be the ideal energy sources for portable devices in the future.
    • 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 thin film and printed battery market in Asia Pacific has been studied for China, India, Japan, and the Rest of Asia Pacific. The growing demand for IoT-enabled devices and the increasing proliferation of portable consumer electronics in countries such as China and India are driving the growth of the thin film and printed battery market. Given its large-scale industrial development, increased mobile and internet penetration, skilled workforce, and stable political conditions, India presents significant growth opportunities for the IoT market. Moreover, the country is also one of the leading adopters of technologies and related products. In addition, factors such as a growing number of infrastructural activities, rising population and per capita income, increasing penetration of high-end technologies, and a rising economy are also driving the thin film and printed battery market. Furthermore, the usage of compact electronics and medical devices in other countries such as China, Japan, and Malaysia contributes to the growth of the region's thin film and printed battery market.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Recent Developments
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In May 2023, Ilika plc rolled out the first shipment of the solid-state Stereax M300 batteries to its customers.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In December 2021, Ultralife Corporation acquired Excell Battery Co. to strengthen its capabilities in mission-critical applications, such as downhole drilling, medical devices, OEM industrial devices, automated meters, and more. This acquisition will help scale up Battery & Energy Products business and expand key underserved market segments for the company.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In May 2020, Enfucell launched the WithMe app for detecting temperatures. The app can be installed on a mobile or tablet with an NFC function, where the user can read the data on the Wearable Temperature Tag produced by Enfucell.
    • 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 Component:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Electrodes
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Cathodes
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Anodes
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Substrates
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Electrolytes
    • 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
  • Lithium-Ion
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Lithium Polymer
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Zinc
    • 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
  • By Voltage:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Below 1.5 V
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • 1.5 to 3 V
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Above 3 V
    • 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
  • Samsung SDI Co., Ltd.
    • 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
  • NGK Insulators, Ltd.
    • 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
  • Ilika plc
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Jenax Inc.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • ProLogium Technology Co., Ltd
    • 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
  • VARTA AG
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments

Methodology

For the Thin Film and Printed 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 Thin Film and Printed 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 Thin Film and Printed Battery Market:

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

Regional Analysis: Further analysis of the Thin Film and Printed 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 Thin Film and Printed Battery was estimated to be valued at US$ XX Mn in 2021.

The global Thin Film and Printed Battery Market is estimated to grow at a CAGR of XX% by 2028.

The global Thin Film and Printed Battery Market is segmented on the basis of Component:, Material:, Type:, Voltage:, Capacity:, Battery Type:, Application:, Region.

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

The key players operating in the global Thin Film and Printed Battery Market are Thin Film and Printed Battery Market Size is expected to grow from USD 187 Million in 2023 to USD 650 Million by 2028, at a CAGR of 28.2% from 2023 to 2028., Thin film and printed batteries are designed to complement the characteristics of thin and lightweight products with limited internal space. Unlike traditional batteries that are rigid and have predefined shapes, these batteries offer thin, flexible, light, and portable features., DRIVERS: Rising proliferation of thin, flexible, and printed batteries in medical devices, In recent years, there have been advancements in medical devices, which require thin and flexible batteries. These batteries provide ease in designing miniature medical devices with reliable power sources. The increasing use of thin, flexible, and printed batteries significantly impacts healthcare research and development. These batteries are finding extensive application in devices worn or implanted in the human body, where minimizing their shape and size is crucial. This advancement in battery technology enables the development of more compact and lightweight medical devices, thus improving patient comfort and mobility., RESTRAINTS: High initial investments, Manufacturing printed batteries imposes specialized equipment distinct from those used to print other products like electronics, chips, paper, and textiles. The development of printed flexible batteries requires high initial investments, especially to carry out research and development activities related to them and their manufacturing. It involves the implementation of advanced and expensive machinery, along with the required manufacturing technologies. The printing process for batteries demands high precision to ensure their functionality. As a result, manufacturers must invest in top-notch equipment and employ skilled workers with expertise in controlling the printing parameters. These factors increase the overall manufacturing cost., OPPORTUNITIES: Advancements in next-generation thin film and printed lithium-air batteries, The demand for glucose-sensing armbands, heart-monitoring patches, and other wearable fitness devices is increasing globally. Battery researchers use thin, lightweight, printed, flexible, and stretchable batteries to power such electronic gadgets. However, most of these batteries are not durable. This has led to the development of next-generation thin film and printed flexible lithium-air batteries, which are reliable, thin, lightweight, and flexible. These next-generation batteries are currently in the initial years of development but are expected to power products ranging from clothing to roll-up tablets and prosthetic hands. Thin film and printed flexible lithium-air batteries are expected to store ten times more energy than current commercial lithium-ion cells., CHALLENGES: Selection of raw materials and their high costs, Thin film and printed batteries offer limited power, unlike traditional batteries. Different types of thin film batteries that are available in the market are flexible alkaline batteries, plastic batteries, polymer lithium-metal batteries, and thin film lithium-ion batteries. Among these, thin film lithium-ion batteries are widely used owing to their increased flexibility, high-energy density, lightweight, and long lifespan. Despite these advantages, printed flexible lithium-ion batteries may be flammable and may lead to environmental problems. Zinc-based flexible batteries are cheaper than lithium-ion batteries and have no toxic material in them. However, zinc-based flexible batteries cannot effectively cater to every device's power requirements. Raw material costs and the required specifications and voltages of flexible batteries are among the key factors considered while selecting materials for their development. Thus, the selection of suitable materials to manufacture thin film and printed batteries with required specifications and voltage while keeping their costs low acts as a challenge for manufacturers of thin film and printed batteries., Thin Film and Printed Battery Market Ecosystem, Prominent companies in this market include well-established, financially stable manufacturers, along with many startups and smaller companies. The thin film and printed battery market is still in emerging phase which presents huge growth opportunities for both large players and new startups. Some of the major players in this market include Samsung SDI Co., Ltd. (South Korea), Enfucell (Finland), Ultralife Corporation (US), Molex, LLC (US), NGK Insulators, Ltd. (Japan), Cymbet Corporation (US), Ilika plc (UK), and Jenax Inc. (South Korea). These companies have been focusing on new product developments, acquisitions, and partnerships to strengthen their market position., Above 3 V voltage segment is expected to grow at a substantial CAGR during the forecast period., Thin film and printed batteries with 3 V voltage offer higher power, longer life, and more safety than other flexible batteries. These batteries will likely witness a considerable global demand during the forecast period. Applications of thin film and printed batteries of 3 V have increased recently due to the development of many compact electronic devices. These batteries are expected to have applications in consumer electronics and wearables., The market for 10 to 100 mAh capacity is projected to gain the largest market share during the forecast period, Thin film and printed batteries ranging from 10 to 100 mAh are comparatively large. These batteries are used for products requiring moderate to high energy. These thin film and printed batteries can be used in wearable devices, medical devices, energy harvesting systems, and wireless sensors. They can act as an integral part of these devices as their efficiency depends on the properties and shelf life of the batteries used. Thin film and printed batteries with a capacity of 10 to 100 mAh are expected to be the ideal energy sources for portable devices in the future., The market in Asia Pacific is projected to grow at the highest CAGR from 2023 to 2028., The thin film and printed battery market in Asia Pacific has been studied for China, India, Japan, and the Rest of Asia Pacific. The growing demand for IoT-enabled devices and the increasing proliferation of portable consumer electronics in countries such as China and India are driving the growth of the thin film and printed battery market. Given its large-scale industrial development, increased mobile and internet penetration, skilled workforce, and stable political conditions, India presents significant growth opportunities for the IoT market. Moreover, the country is also one of the leading adopters of technologies and related products. In addition, factors such as a growing number of infrastructural activities, rising population and per capita income, increasing penetration of high-end technologies, and a rising economy are also driving the thin film and printed battery market. Furthermore, the usage of compact electronics and medical devices in other countries such as China, Japan, and Malaysia contributes to the growth of the region's thin film and printed battery market., Recent Developments, In May 2023, Ilika plc rolled out the first shipment of the solid-state Stereax M300 batteries to its customers., In December 2021, Ultralife Corporation acquired Excell Battery Co. to strengthen its capabilities in mission-critical applications, such as downhole drilling, medical devices, OEM industrial devices, automated meters, and more. This acquisition will help scale up Battery & Energy Products business and expand key underserved market segments for the company. , In May 2020, Enfucell launched the WithMe app for detecting temperatures. The app can be installed on a mobile or tablet with an NFC function, where the user can read the data on the Wearable Temperature Tag produced by Enfucell., KEY MARKET SEGMENTS, By Component:, Electrodes, Cathodes, Anodes, Substrates, Electrolytes, By Material:, Lithium-Ion, Lithium Polymer, Zinc, By Type:, Thin Film Batteries, Printed Batteries, By Voltage:, Below 1.5 V, 1.5 to 3 V, Above 3 V, 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, Samsung SDI Co., Ltd. , Enfucell, Ultralife Corporation, Molex, LLC , NGK Insulators, Ltd., Cymbet Corporation, Ilika plc, Jenax Inc., ProLogium Technology Co., Ltd, Renata SA, VARTA AG.

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