DUBLIN--(BUSINESS WIRE)--The "Flexible Thin Film and Printed Battery Market By Chargeability and By Application: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
According to the report, the flexible thin film and printed battery market 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. Asia-Pacific is expected to be the leading contributor to the global flexible thin film and printed battery market, followed by North America and Europe.
Printed battery is one of the most promising applications of flexible electronics, having huge traction in the current scenario. The growing usage of smart objects such as RFIDs, stand-alone sensors, and others that require portable, non-bulky, and flexible power sources has been boosting the demand for flexible batteries.
Increase in IoT devices is majorly driving the growth of the flexible thin film and printed battery industry. Moreover, rise in demand for smart electronic products and increase in concern of government on flexible electronics is expected to boost the flexible thin film and printed battery market growth. Furthermore, surge in printed electronics, and increased production and demand for rechargeable batteries are expected to provide lucrative growth opportunities. However, lower energy density and cost constraints are expected to hinder the flexible thin film and printed battery market growth.
Currently, flexible batteries are majorly employed in applications wherein the power is utilized for single use and does not need to be recharged. Personal care, cosmetic patches, sports equipment, and pharmaceutical & medical devices are major beneficiaries for the non-rechargeable, flexible batteries market. The market for rechargeable flexible batteries is expected to grow with the development in technology, which can harness the capacity of the battery.
By region, the flexible thin film and printed battery market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for a major share of the global flexible thin film and printed battery market in 2019 and is expected to dominate the market in terms of revenue during the forecast period, owing to significant number of market players and growth in demand for smart consumer electronics. North America region holds the second largest share in the global flexible thin film and printed battery market and is expected to witness significant growth during the forecast period, owing to increasing demand for wearable devices.
The key players profiled in the flexible thin film and printed battery marketreport 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. 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.
- By chargeability, the non-rechargeablesegment accounted for the maximum revenue in 2019 and is projected to grow at a notable CAGR of 29.8% during the forecast period.
- By application, the consumer electronics segment accounted for approximately 25.0% of the flexible thin film and printed battery market share in 2019.
- The wearable technology segment is estimated to witness highest CAGR during the forecast period.
- China was the major shareholder in the Asia-Pacificflexible thin film and printed battery market, accounting for more than 30.0% share in 2019.
Key Topics Covered
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. CXO Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Forces Shaping Flexible Thin Film and Printed Battery Industry/Market
3.3. Value Chain Analysis
3.3.1. Raw Material Supplier
3.4. Patent Analysis
3.4.1. By Region
3.4.2. By Applicants
3.5. Market Dynamics
220.127.116.11. Rise in IoT
18.104.22.168. Growing Demand of Smart Electronic Products
22.214.171.124. Increasing Concern of Government on Flexible Electronics
126.96.36.199. Lower Energy Density
188.8.131.52. Cost Constraint
184.108.40.206. Growth in Printed Electronics
220.127.116.11. Production of Rechargeable Batteries
Chapter 4: Flexible Thin Film and Printed Battery Market, by Chargeability
Chapter 5: Flexible Thin Film and Printed Battery Market, by Application
5.2. Consumer Electronics
5.3. Energy Harvesting
5.4. Pharmaceutical & Medical Devices
5.6. Smart Cards
5.7. Wearable Technology
Chapter 6: Flexible Thin Film and Printed Battery Market, by Region
6.2. North America
Chapter 7: Competitive Landscape
7.2. Top Winning Strategies
7.3. Competitive Dashboard
7.4. Competitive Heatmap
7.5. Key Developments
Chapter 8: Company Profiles
8.1. Blue Spark Technologies
8.2. Brightvolt, Inc.
8.3. Cymbet Corporation
8.4. Excellatron Solid State, LLC
8.5. Imprint Energy Inc.
8.6. Jiangsu Enfucell Flexible Electronics Co. Ltd.
8.7. Panasonic Corporation
8.9. Samsung SDI
For more information about this report visit https://www.researchandmarkets.com/r/lilbt2