• Home
  • |
  • Press Release
  • |
  • Global Thin-Film Battery Market Stimulated by Rising Demand for Smart Connected Devices

Global Thin-Film Battery Market to Reach US$ 4,267.8 Million by 2032, Stimulated by Rising Demand for Smart Connected Devices

April 30, 2019 | Technology & Media

According to the latest report by IMARC Group, titled “Thin-Film Battery Market Report by Technology (Thin-Film Lithium, Thin-Film Lithium Polymer, Zinc-Based Thin-Film, and Others), Battery Type (Rechargeable, Disposable), Voltage Type (Below 1.5V, 1.5V to 3V, Above 3V), Application (Smart Cards and RFID, Medical Applications, Smart Wearables, Wireless Sensor Network Systems, Portable Electronics, and Others), and Region 2024-2032”, the global thin-film battery market reached a value of US$ 710.2 Million in 2023. Thin-film batteries are solid-state batteries that utilize solid electrodes and electrolyte. Their development was motivated by the prospect of amalgamating the advantages of solid-state batteries with those of the thin-film manufacturing process. The internal structure of these batteries resembles other rechargeable batteries wherein the ion migration mechanisms are essentially the same. The cathode in thin-film batteries is usually made from a lithium-oxide complex including LiCoO2, LiMn2O4 and LiFePO4. On the other hand, the anode material is primarily made using carbon-based materials like graphite.

Global Thin-Film Battery Market Trends:

The demand for consumer electronics, smart connected devices and wearables has significantly increased in recent years on account of the strong penetration of the Internet and emerging trend of the Internet of Things (IoT) around the world. Consequently, the sales of thin-film battery are being catalyzed as they are ideal for use in these devices due to their low-cost, ultra-small size and low-power wireless connectivity. They also enable manufacturers to design the devices within a manageable size and focus on product innovation. Apart from this, these batteries offer a long battery backup and are appropriate for low-power applications such as smartwatches, fitness bands and implanted medical devices. Looking forward, the market is projected to reach a value of US$ 4,267.8 Million by 2032, expanding at a CAGR of 21.4% during 2024-2032.

Market Summary:

  • Based on the technology, the market has been classified into thin-film lithium, thin-film lithium polymer, zinc-based thin film and others. At present, thin-film lithium batteries dominate the market, holding the largest share.
  • On the basis of the battery type, the market has been bifurcated into rechargeable and disposable. Currently, rechargeable thin-film batteries represent the most popular segment worldwide.
  • The market has been divided on the basis of the voltage type which includes below 1.5V, 1.5V to 3V and above 3V.
  • Based on the application, smart wearables represent the leading segment. Other applications include medical applications, smart cards and RFID, wireless sensor network (WSNS) and portable electronics.
  • Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Presently, North America exhibits a dominance in the global market share.
  • The competitive landscape of the market has also been examined with some of the key players being Blue Spark Technologies, BrightVolt, Enfucell Oy, STMicroelectronics N.V., Cymbet Corporation, Imprint Energy, Ilika PLC, LG Chem, Ltd., Paper Battery Company and Jenax Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Technology, Battery Type, Voltage Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Blue Spark Technologies, BrightVolt, Enfucell Oy, STMicroelectronics N.V., Cymbet Corporation, Imprint Energy, Ilika PLC, LG Chem, Ltd, Paper Battery Company and Jenax Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Thin-Film Battery Market to Reach US$ 4,267.8 Million by 2032, Stimulated by Rising Demand for Smart Connected Devices
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More