According to projections, the Thin Film and Printed Batteries Market would be valued US$ 180.78 million in 2023 and US$ 1,138.14 million in 2033. From 2023 to 2033, the market is projected to grow at a CAGR of 20.2%.
The density, lifespan, and safety of thin film and printed batteries have improved. The rising demand for these batteries in electronic products and medical equipment is driving the major companies towards technological advancement, enabling the batteries to become more flexible or thinner.
As an illustration, Tokyo Tech Corporation and Tohoku University have developed batteries with reduced resistance in order to overcome the shortcoming of solid-state batteries.
Market Opportunities
- The development of IoT and wireless sensor technologies has led to a rapid uptake of wireless sensors worldwide.
- Wireless sensors are now being employed in situations where they have not before been used due to the rapid development of energy-harvesting technologies like thin film and printed flexible batteries.
- Microbatteries’ excellent form factors, ultra-thin profiles, and minimal leakage characteristics make it possible to capture energy. Thin film and printed battery manufacturers anticipate the rising popularity of energy-harvesting-based autonomous wireless sensors to provide new business opportunities.
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Key Takeaways from Thin Film and Printed Batteries Market Report:
- By 2033, the thin films and printed batteries market in the United Kingdom is likely to expand, with a CAGR of 19.3%.
- By 2033, the United States is expected to dominate the thin films and printed batteries market with a valuation of US$ 325.6 million.
- The thin films and printed batteries market was significantly expanding, with a size of US$ 150.4 million in 2022.
- The thin films and printed batteries sector expanded at a CAGR of 24.3% from 2018 to 2022.
- By 2033, China’s thin films and printed batteries market is projected to expand, with a CAGR of 21.3%.
- By 2033, South Korea is expected to expand significantly in the thin films and printed batteries business, with a CAGR of 20.7%.
- Japan’s thin films and printed batteries industry is likely to expand significantly, with a 19.6% CAGR by 2033.
- By 2033, the below 1.5 V segment is expected to dominate the market, with a CAGR of 20.1%, based on voltage.
- By 2033, the below 10 mAh segment is expected to dominate the market, with a CAGR of 20%, based on capacity.
Top Competitors and Their Winning Strategies
To improve their market positioning, makers of thin film and printed batteries have used various techniques, including new product introductions, product development, and acquisitions.
- Samsung SDI Co., Ltd
- Enfucell Oy Ltd.
- Ultralife Corporation
- Blue Spark Technologies
- BrightVolt, Inc
Recent Developments:
- In March 2020, Wearable Temperature Tag, a new product from Enfucell, was just introduced. The tag is built using a combination of SoftBattery, NFC, and a sophisticated temperature sensor.
- With consistent investment in research and development, Samsung SDI secures breakthrough technologies and increases technological competitiveness. Moreover, Samsung SDI is taking a giant step toward the energy field by extending its business into the cutting-edge materials and components industry.
- Imprint Energy said in August 2019 that the developer’s kit for their flexible, ultrathin, secure, printable batteries is now more widely available. The batteries were created specifically to power IoT devices integrated with Semtech’s LoRa devices for low power wide area networks and functioning with Bluetooth Low Energy and other standards.
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Thin Film and Printed Batteries Market: Key Segmentation
By Type:
- Thin Films Batteries
- Printed Batteries
By Voltage:
- Below 1.5V
- Between 1.5V and 3V
- Above 3V
By Capacity:
- Below 10 mAh
- Between 10 mAh and 100 mAh
- Above 100 mAh
By Rechargeable:
- Primary Batteries
- Secondary Batteries
By Application:
- Consumer Electronics
- Smart Cards
- Smart Packaging
- Medical Devices
- Wireless Sensors
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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