BOSTON--(BUSINESS WIRE)--The global market for smartphone battery cells reached a total value of $1.5 billion in Q1 2020, according to the Strategy Analytics Handset Component Technologies service report, “Smartphone Battery Market Share Q1 2020: LG Chem Closing in on ATL.”
According to this research report, the total smartphone battery market witnessed a 5 percent year-over-year revenue growth in Q1 2020. TDK owned Amperex Technology Ltd. managed to keep its smartphone battery market share leadership with 36.5 percent revenue share in Q1 2020, followed by LG Chem and Samsung SDI. The top-three vendors captured almost 82 percent revenue share in the global smartphone battery market in Q1 2020.
“The battery cell market for smartphones observed an annual increase in revenue owing to adoption of higher cell capacities and custom-designed lithium-ion polymer (Li-Po) cells by smartphone OEMs,” says Jeffrey Mathews, Analyst at Strategy Analytics.
Jeffrey added, “ATL supplied battery cells with higher capacities to leading smartphone OEMs while LG Chem expanded its customer base with design wins in flagship smartphones.”
Stuart Robinson, Executive Director Handset Component Technologies Service at Strategy Analytics, commented, “The demand for smartphone battery cells is expected to be impacted by the slowdown in smartphone shipments and global smartphone production halts due to COVID-19 pandemic. We note that battery cell vendors would supply OEMs with customized battery cells in flagship smartphones to drive revenue in CY 2020.”
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