Flexible Thin Film and Printed Battery Market Outlook – 2027
The global flexible thin film and printed battery market size was valued at $1,217 million in 2019 and is projected to reach $11,033.3 million by 2027, growing at a CAGR of 30.9% from 2020 to 2027.
The advent of technologies such as wearable and flexible electronics, has given rise to the need for compatible batteries. Thin as well as flexible batteries are required currently for curved or flexible displays in television sets, smartphones, and smartwatches.
These requirements have been considered by several battery technology providers, which offer flexible, thin film, and printed batteries. Panasonic, Samsung, and Sony are well-established players in the battery market and have recently entered the flexible thin film and printed battery market. Growth in the involvement of business giants in this market reflects the changing competitive landscape of the market.
Flexible batteries are batteries possessing the property of flexibility. Flexibility is achieved by fabricating the conducting additives on a flexible substrate by using techniques such as printing or chemical deposition. Current collectors in flexible batteries are in the form of ink or thin metal foil. Based on the materials used to manufacture flexible batteries, they are bifurcated into rechargeable and non-rechargeable batteries.
Flexible thin film batteries and printed batteries have gained popularity in the current scenario, owing to increaseintend of miniaturization of products along with the growth in the implementation of IoT. The technological developments in wearable technology, medical & cosmetics, packaging, and consumer electronics are lesser than other application verticals, which are anticipated to drive the flexible thin film and printed battery market growth.
Cost constraints and low energy density of currently available flexible thin film and printed batteries are some of the major restraints for market growth. However, growing demand for printed electronics and a surge in the production of rechargeable batteries are anticipated to generate potential opportunities for the flexible thin film and printed battery industry.
Segment Overview
Flexible Thin Film and Printed Battery Market By Chargeability
The global flexible thin film and printed battery market is segmented on the basis of chargeability, application, and region. Based on chargeability, it is fragmented into rechargeable, and non-rechargeable. The non-rechargeable segment dominated the flexible thin film and printed battery market in terms of revenue in 2019 and is expected to follow the same trend during the forecast period.
By Chargeability
Rechargeable segment is projected to be the most lucrative segment
Flexible Thin Film and Printed Battery Market By Application
Based on application, the market is segregated into consumer electronics, energy harvesting, pharmaceutical & medical devices, packaging, smart cards, wearable technology, and others. The consumer electronics segment accounted for the highest market share in 2019, whereas the pharmaceutical & medical devices segment is expected to grow at the highest CAGR from 2020 to 2027.
By Application
Consumer Electronics segment holds a dominant position in 2019 and would maintain the lead throughout the forecast period
Flexible Thin Film and Printed Battery Market By Geography
Based on region, the global flexible thin film and printed battery market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific accounted for the highest share, owing to a significant rise in demand for smart and portable electronics. North America was the second largest contributor in terms of revenue and is expected to witness significant growth during the forecast period, owing to a rise in the demand for wearable devices, especially medical devices.
By Geography
Asia-Pacific region would exhibit the highest CAGR of 32.7% during 2020 - 2027
Top Impacting Factors
The factors that have impacted the market significantly in recent years are the advancement in the digital economy, the focus on flexible electronics, and the growing emphasis on the use of portable electronics along with IoT. There are several new opportunities for flexible batteries due to the investments in IoT projects and flexible electronics. However, the low energy density and the cost competitiveness in the battery ecosystem have been hampering the growth of the flexible thin film and printed battery market.
Competitive Analysis
Key players profiled in the flexible thin film and printed battery market include Blue Spark Technologies, Bright Volt, Inc., Cymbet Corporation, Excellatron Solid State, Inc., Imprint Energy Inc., Jiangsu Enfucell Flexible Electronics Co., Ltd., Panasonic Corporation, Prologium, Samsung SDI, and STMicroelectronics. These key players have adopted various strategies such as product launch, collaboration & partnership, joint venture, agreement, and acquisition to expand their foothold in the flexible thin film and printed battery market.
Key Benefits For Stakeholders:
This study comprises an analytical depiction of the global flexible thin film and printed battery market size along with the current trends and future estimations to depict the imminent investment pockets.
The overall flexible thin film and printed battery market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current flexible thin film and printed battery market forecast is quantitatively analyzed from 2019 to 2027 to benchmark financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and the flexible thin film and printed battery market share of key vendors.
Flexible Thin Film and Printed Battery Market Report Highlights
| Aspects | Details |
 By Chargeability |
|
 By Application |
|
 By Region |
|
 Key Market Players | EXCELLATRON SOLID STATE, LLC, BRIGHTVOLT, INC., SAMSUNG SDI, JIANGSU ENFUCELL FLEXIBLE ELECTRONICS CO., LTD., STMICROELECTRONICS, PANASONIC CORPORATIONPROLOGIUM, CYMBET CORPORATION, IMPRINT ENERGY INC., BLUE SPARK TECHNOLOGIES |
Analyst Review
The ongoing development and innovation of the flexible batteries across multifarious applications is driving the flexible, thin film, & printed batteries market. The companies operating in the field of flexible batteries are very optimistic about the market growth in the future, owing to its mounting needs and usage. The market players are consistently trying to make flexible batteries with minimal thickness that can offer reliability and can be replicable. The presence of such companies that are dedicated to manufacturing only flexible batteries shows the traction and the growth potential of this market. Enfucell Oy, Bright Volt Inc., Imprint Energy, and Blue Spark Technologies are some of the prominent names in the flexible thin film & printed battery market, who cater to the applications requiring foldable, roll able and bendable batteries.
In the opinion of the industry intellectuals, the integration of flexible batteries with electronics, especially portable electronics is the main driver for the growth. In addition to that, other application verticals such as healthcare, wearable technology and packaging will also be contributing to the overall growth of the market. Moreover, on a larger scale, the Internet of Things has become the major enabler for the market. As the utilization of sensors is augmenting with the implementation of IoT, the need for a compatible power source has increased. The market for flexible batteries can leverage upon the growing need of such power sources.
The players operating in this business are exploring the flexible battery market from all possible aspects. The market players are aiming to produce all kinds of solutions that range from standalone batteries to solutions utilizing flexible batteries along with providing licensing to their battery technology. For instance, Enfucell Oy designs and manufactures batteries for their manufacturing partners and provides license agreements to the new battery manufacturers in countries such as Belgium, the UK, Spain, the U.S., and China.
Various leading manufacturers such as Blue Spark Technologies, Brightvolt, Inc., Cymbet Corporation, Excellatron Solid State, Inc., Imprint Energy Inc., Jiangsu Enfucell Flexible Electronics Co., Ltd., Panasonic Corporation, Prologium, Samsung SDI, and STMicroelectronics occupy a prominent revenueshare in theflexible thin film and printed battery market.
The Global Flexible Thin Film and Printed Battery Market is expected to grow at a CAGR of 30.9% from 2020 to 2027.
The Flexible Thin Film and Printed Battery Market is projected to reach $11,033.3 million by 2027.
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The technological developments in wearable technology, medical & cosmetic, packaging, and consumer electronics drives the growth of Flexible Thin Film and Printed Battery Market.
The key players profiled in the report include Blue Spark Technologies, Brightvolt, Inc., Cymbet Corporation, Excellatron Solid State, Inc., Imprint Energy Inc., Jiangsu Enfucell Flexible Electronics Co., Ltd., Panasonic Corporation, Prologium, Samsung SDI, and STMicroelectronics.
On the basis of top growing big corporations, we select top 10 players.
The Flexible Thin Film and Printed Battery Market is segmented on the basis of chargeability, application, and region.
The key growth strategies of Flexible Thin Film and Printed Battery market players include product launch, collaboration & partnership, joint venture, agreement, and acquisition.
Wearable Technology segment would exhibit the highest CAGR of 35.0% during 2020 - 2027.
Asia-Pacific region dominates the market throughout the forecast period.
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