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The global thin-film battery market reached a value of US$ 463.3 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,917.5 Million by 2027, exhibiting at a CAGR of 28.99% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Thin-film batteries are solid-state batteries which implies that they use both solid electrodes and a solid electrolyte. These batteries are very distinctive when compared to other batteries as they are just a few hundred nanometers thick. Thin-film batteries contains a cathode and an anode along with an electrolyte and separator between the two just like any other conventional battery. They are thin in comparison to other batteries that are available in the market. The electrode material used in these batteries is layered which implies that there is no need to add layers during the construction of the battery. The electrodes improve the overall performance of the battery and also increases its ability to function in different ranges which make thin-film batteries highly compatible to be used in different applications. Additionally, these batteries come with a great number of benefits, like they leave smaller footprints, are lower in cost, have high energy density, and are light in weight. The flat shape of thin-film batteries makes them more compatible with emerging technologies.
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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The thin-film battery market is exhibiting strong growth catalyzed by a rapid rise in the use of smartphones, tablets, and other electronic devices. With consumers being more technology-friendly, the demand for such electronic devices is witnessing robust growth. The steady increase in the usage of devices like smartwatch and fitness bands is making the consumption of thin-film batteries even more appropriate. Additionally, thin-film batteries are flat-shaped and are perfect to be incorporated in smaller and thinner devices which further enhances their demand in the market. Being reliable, inexpensive, and smaller in size these batteries can be easily incorporated in our day to day wearable electronic devices. Thin-film batteries have a great battery backup, as a result of which, they are appropriate for devices with low-power consumption.
IMARC Group provides an analysis of the key trends in each sub-segment of the global thin-film battery market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on technology, battery type, voltage type and application.
Breakup by Technology:
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Based on the technology, the market has been segmented as thin-film lithium, thin-film lithium polymer, zinc-based thin-film and others. Thin-film lithium batteries currently represent the biggest segment.
Breakup by Battery Type:
Based on the battery type, the market has been segmented as disposable and rechargeable. Thin-film rechargeable batteries currently represent the largest segment.
Breakup by Voltage Type:
Based on the voltage, the market has been segmented as - below 1.5V, 1.5V to 3V and above 3V. Below 1.5V batteries currently represent the biggest segment.
Breakup by Application:
Based on the application, the market has been segmented as smart cards and RFID, medical applications, smart wearables, WSNs and portable electronics. The smart wearables segment currently represent the largest application.
Regional Insights:
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Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Amongst these, North America is the biggest market, accounting for the majority of the global market.
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.
This report provides a deep insight into the global thin-film battery market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the thin-film battery industry in any manner.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| 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) |
The global thin-film battery market was valued at US$ 463.3 Million in 2021.
We expect the global thin-film battery market to exhibit a CAGR of 28.99% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units for thin-film batteries.
The rising adoption of thin-film batteries in wearable electronic devices, such as smartwatch and fitness bands, owing to their reliable, inexpensive, and smaller size properties, is primarily driving the global thin-film battery market.
Based on the technology, the global thin-film battery market has been divided into thin-film lithium, thin-film lithium polymer, zinc-based thin-film, and others. Currently, thin-film lithium batteries account for the majority of the global market share.
Based on the battery type, the global thin-film battery market can be bifurcated into rechargeable and disposable, where thin-film rechargeable batteries currently exhibit a clear dominance in the market.
Based on the voltage type, the global thin-film battery market has been segregated into below 1.5V, 1.5V to 3V, and above 3V. Currently, below 1.5V holds for the largest market share.
Based on the application, the global thin-film battery market can be divided into smart cards and RFID, medical applications, smart wearables, wireless sensor network systems, portable electronics, and others. Among these, smart wearables exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global thin-film battery market include Blue Spark Technologies, BrightVolt, Enfucell Oy, STMicroelectronics N.V., Cymbet Corporation, Imprint Energy, Ilika PLC, LG Chem, Ltd, Paper Battery Company, and Jenax Inc.
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