LONDON--(BUSINESS WIRE)--The thin-film batteries market is poised to grow by USD 1.32 billion during 2020-2024, progressing at a CAGR of about 26% during the forecast period. Request free sample pages
Read the 120-page report with TOC on "Thin-Film Batteries Market Analysis Report by End-users (Smart cards, Medical devices, Smart wearables, and Others), by Geographic segmentation (North America, APAC, Europe, South America, and MEA), and the Segment Forecasts, 2020-2024".
The market is driven by the increasing occurrences of hearing loss. In addition, the growing smart wearables market is anticipated to boost the growth of the thin-film batteries market.
The number of people with disabilities is increasing with an exponential growth in the world population. Approximately 5% of the population worldwide have disabling hearing loss, of which 0.5% are children. This rise in the number of patients struggling with hearing loss is due to several factors such as excessive noise, complications at birth, genetics, aging, reaction to or misuse of drugs, and chronic ear infections. This has led to an increase in the demand for hearing aids. Hearing loss-related problems can be tackled using hearing aid devices, cochlear implants, and other assistive devices, which will boost the demand for thin-film batteries. Thus, the increasing occurrence of hearing loss is expected to drive market growth during the forecast period.
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Major Five Thin-Film Batteries Market Companies:
Angstrom Engineering Inc.
Angstrom Engineering Inc. operates the business under various segments such as PVD PLATFORMS, SPECIALIZED PROCESSES, SPACE SIMULATION, and GLOVEBOX INTEGRATION. The company uses its Angstrom engineering battery deposition system to manufacture thin film batteries.
Blue Spark Technologies
Blue Spark Technologies offers products through the following business units: TempTraq and Battery products. The company offers Blue Spark ST (Standard) Series and Blue Spark UT (Ultra-Thin) Series.
LG Chem operates under various business segments, namely Basic materials & Chemicals, Energy solutions, IT & Electronic materials and Advanced materials, and Life sciences. The company offers Polymer battery and Free form battery.
Cymbet Corp. offers products through the following business segments: Industrial, Telecom and Networking, Medical, Consumer Electronics, Mil-Aero & Transportation, and Others. The company offers EnerChip CBC050-BDC and EnerChip CBC005-BDC.
Enfucell offers products through the Battery solutions business segments. The company offers Enfucell SoftBattery, which is a disposable, thin and flexible printed power source for devices such as wireless sensors for healthcare and sports and logistics sector.
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Thin-Film Batteries Market End-users Outlook (Revenue, USD Billion, 2020-2024)
- Smart cards
- Medical devices
- Smart wearables
Thin-Film Batteries Market Geographic Outlook (Revenue, USD Billion, 2020-2024)
- North America
- South America
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