To estimate the present size of the thin film and printed battery market, the study covered four main tasks. Complete secondary research has been conducted in order to gather data regarding the parent, peer, and market markets. The following stage involved conducting primary research to confirm these conclusions, hypotheses, and sizing with industry experts throughout the value chain. There have been top-down and bottom-up methods used to estimate the size of the entire market. Subsequently, the market size of segments and subsegments was estimated by the application of market breakdown and data triangulation techniques. For the purpose of conducting a thorough technical and commercial analysis of the thin film and printed battery markets, information has been gathered from both primary and secondary sources.
Multiple industry experts, preferred thin-film and printed battery suppliers, distributors, alliances, standards bodies, and certification organizations pertaining to different facets of this industry’s value chain make up the majority of the primary sources.
To gather qualitative and quantitative data about the market, a variety of primary sources from the supply and demand sides were questioned during the primary research process. Various industry experts, including Chief Experience Officers (CXOs), Vice Presidents (VPs), and Directors from business development, marketing, and product development/innovation teams, as well as related key executives from various thin-film and printed battery providers, including Samsung SDI Co., Ltd. (South Korea), Enfucell (Finland), Ultralife Corporation (US), Molex, LLC (US), and NGK Insulators, Ltd. (Japan), were the main sources from the supply side. Other primary sources included research organizations, distributors, industry associations, and influential figures. The breakdown of primary responders is seen below.
Following the above-described estimating process, the total market size was determined and then divided into a number of segments and subsegments. When necessary, the market breakdown and data triangulation techniques have been used to finish the entire market engineering process and produce precise statistics for each segment and subsegment. Through an analysis of numerous variables and patterns from the supply and demand sides, the data has been triangulated. Additionally, the market has been verified through the use of both top-down and bottom-up methods.
The segmentation coverage of the study is provided below.
Thin Film and Printed Battery Market based on Chargeability:
- Rechargeable
- Disposable
Thin Film and Printed Battery Market based on Application:
- Wearable Devices
- Smart Card & RFID
- Medical Devices
- Portable Electronics
- Others
Thin Film and Printed Battery Market based on Geography:
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe (RoE)
- Asia Pacific (APAC)
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific (RoAPAC)
- Latin America (LATAM)
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa (MEA)
- UAE
- Turkey
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Medical device improvements in recent years have necessitated the use of tiny and flexible batteries. These batteries make it simple to create tiny medical equipment with dependable power sources. The growing usage of printed, thin, flexible batteries has a big impact on medical research and development. These batteries are being used extensively in medical devices that are implanted or worn inside the body, where it is essential that they have as small of a form factor as possible. The creation of lighter, more compact medical equipment is made possible by advancements in battery technology, which enhances patient comfort and mobility.
Different equipment is needed for printed battery manufacturing than for printing electronics, chips, paper, textiles, and other goods. High upfront costs are involved in the production of printed flexible batteries, particularly in the research and development and manufacturing phases. It entails the use of costly, sophisticated machinery in addition to the necessary manufacturing technology. Batteries must be printed with extreme precision in order for them to function. Because of this, producers need to make significant investments in state-of-the-art machinery and hire personnel who possess the know-how to manage the printing settings. These elements raise the total cost of manufacturing.
In addition to several startups and smaller businesses, well-known and financially secure manufacturers also dominate this sector. The printed and thin-film battery sector is still in its infancy, offering enormous development potential to established competitors as well as new ventures. Samsung SDI Co., Ltd. (South Korea), Enfucell (Finland), Ultralife Corporation (US), Molex, LLC (US), NGK Insulators, Ltd. (Japan), Cymbet Corporation (US), Ilika plc (UK), and Jenax Inc. (South Korea) are a few of the leading companies in this sector. To improve their market positions, these corporations have been concentrating on the creation of new products, collaborations, and acquisitions.
Compared to other flexible batteries, thin film and printed batteries with a 3 V voltage provide more power, a longer lifespan, and increased safety. Over the course of the projected period, there will probably be a sizable worldwide demand for these batteries. The development of several small electronic gadgets has led to a rise in the use of 3 V printed and thin film batteries. Wearables and consumer gadgets are anticipated to use these batteries.
Printed and thin-film batteries with capacities between 10 and 100 mAh are somewhat large. The products that employ these batteries have moderate to high energy requirements. Wearable technology, medical equipment, energy harvesting systems, and wireless sensors can all benefit from the usage of these thin-film and printed batteries. Since the characteristics and longevity of the batteries used determine how effective they are, they can play a crucial role in these gadgets. In the future, the best energy sources for portable devices are anticipated to be thin film and printed batteries with a capacity of 10 to 100 mAh.
Research has been done on the printed battery and thin film markets in China, India, Japan, and the rest of Asia Pacific. The market expansion for thin film and printed batteries is being driven by the rising demand for Internet of Things-enabled products as well as the expanding spread of portable consumer electronics in nations like China and India. India offers a lot of potential for the IoT market due to its extensive industrial expansion, rising internet and mobile penetration, highly skilled labor force, and stable political environment. Furthermore, the nation is among the top users of connected items and technology.
The market for thin film and printed batteries is also being driven by reasons such an increase in the number of infrastructure projects, population growth, rising per capita income, increased use of high-end technologies, and an expanding economy. Moreover, the region’s thin film and printed battery market is expanding due to the use of tiny electronics and medical devices in nations like China, Japan, and Malaysia.
A few of the leading manufacturers of thin film and printed batteries are Samsung SDI Co., Ltd. (South Korea), Enfucell (Finland), Ultralife Corporation (US), Molex, LLC (US), NGK Insulators, Ltd. (Japan), Cymbet Corporation (US), Ilika plc (UK), Jenax Inc. (South Korea), ProLogium Technology Co., Ltd. (Taiwan), Renata SA (Switzerland), and VARTA AG (Germany).
- This report illustrates the most vital attributes of the Thin Film and Printed Battery Market, which are driving and providing opportunities.
- This research gives an in-depth analysis of the Thin Film and Printed Battery Market growth on the basis of several segments in the market.
- This report presents the predictions of the past and present trends of the Thin Film and Printed Battery Market.
- This study also presents the competitive analysis, such as key strategies and capabilities of major players of the Thin Film and Printed Battery Market.
