Global Thin Film And Printed Battery Market

Global Thin Film and Printed Battery Market, By Type (Thin Film Batteries, Printed Batteries), By Voltage (<1.5V, 1.5-3V, >3V), By Capacity (<10 mAh, 10-100 mAh, >100 mAh), By Rechargeability (Primary Batteries, Secondary Batteries), By Application (Consumer Electronics, Wireless Sensors, Medical Devices, Smart Packaging, Smart Cards, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: September 2021
  • Report ID: BWC21106
  • Available Format: PDF
  • Page: 187

Report Overview

Global thin film and printed battery market is growing at a high CAGR because of the emerging and expanding application of thin film and printed batteries in implantable medical devices, such as tiny defibrillators, and other smart devices, such as smart cards, radio frequency identification (RFID), sensors, etc.

Global Thin Film and Printed Battery Market- Industry Trends & Forecast Report 2027

Global thin film and printed battery market was worth USD 98.2 million in 2020 and is further projected to reach USD 442.0 million by 2027, growing at the CAGR of 24.0% in the forecast period. The emerging and expanding application of thin-film and printed batteries in implantable medical devices, such as tiny defibrillators, and other smart devices, such as smart cards, radio frequency identification (RFID), sensors, etc., are propelling the growth of the global thin film and printed battery market.

Thin Film and Printed Battery Market

Source: BlueWeave Consulting

Global Thin Film and Printed Battery Market- Overview

A thin-film battery is a form of solid-state battery that uses both solid electrodes and solid electrolytes. This kind of battery is flexible as well as disposable with a small footprint designed for low-power single-use applications. Battery thin films provide greater specific energy, power density, and energy density. Printed batteries can be directly printed on fabrics or materials that allow wearables to stick to the skin. These kinds of batteries are made up of a zinc manganese dioxide system, free from mercury, making printed batteries environment-friendly.

Global Thin Film and Printed Battery Market Forecast and Trends

Growth Drivers

Expanding Penetration of the IoT Devices

The demand for thin-film-printed batteries will continue to grow due to the increasing penetration of IoT and environmental sensors. The IoT devices and sensors, such as smart home security systems, wireless inventory trackers, etc., are extremely small and compact. Therefore, they need advanced battery designs to function, which is propelling the demand for thin-film and printed batteries. Further, the expanding production capacity of these devices is also contributing to the market's growth.

Technological Advancements in Thin Film and Printed Battery

With the growing demand for lithium-ion batteries and other electric devices, investments are underway to bring technological advancements to thin-film and printed batteries. For instance, scientists from the Tokyo Tech Company and Tohoku University have developed batteries with low resistance at their electrode/solid electrolyte interface to address the disadvantage of all-solid-state batteries. According to recent studies, lithium-ion battery prices have declined dramatically by more than 97%, and their production capacity is expected to triple by 2025, while the cost per kilowatt-hour will drop below USD 100. Such innovations are expected to boost the market in the forecast period.

Restraints

Limited Power Capacity of Thin Film and Printed Batteries

Printed and thin-film batteries both have their advantages and disadvantages due to their size and thickness. As these battery types are thin, their energy capacity is very limited, and therefore, their power consumption is much faster than micro-batteries. Additionally, batteries with different sizes have different capacities. Thus, to yield the same amount of electricity as micro-batteries, they will need to extend their surface area, which would defeat their purpose.

Impact of COVID-19 on Global Thin Film and Printed Battery Market

The sudden outbreak of the COVID-19 pandemic tremendously affected the global thin film and printed battery market. The manufacturing operations of consumer electronic goods declined significantly because of the acute shortage of chips in the market. However, the demand for electronic products boomed in the market during the quarantine period. This resulted in a huge demand and supply gap in the market, negatively affecting the thin film and printed battery market. Experts claim that the only way to overcome this gap is to expand the production capacity of the chips as well as electronic products.

Global Thin Film and Printed Battery Market - By Type

According to type, the global thin film and printed battery market is segmented into thin-film and printed batteries. The thin-film batteries currently hold the largest market share and are also expected to dominate the market during the forecast period. The growth of this segment is attributable to their suitability to fit in compact and miniature devices, such as implantable medical devices. Furthermore, the developments in thin-film lithium-ion batteries by decreasing their size and the cost are expected to boost the segment in the forecast period.

Global Thin Film and Printed Battery Market - By Voltage

Based on the voltage, the global thin film and printed battery market is segmented into <1.5V, 1.5-3V, and >3V. Among these, the <1.5V segment accounted for the largest market share in 2020 as this voltage type is common in many electronic products, such as wearable devices, smart labels, certain low-capacity medical devices, and so on. On the other hand, the market for 1.5-3V thin film and printed batteries is also experiencing rapid growth because of their increasing use in specific applications, such as RFID, medical patches, and entertainment devices.

Global Thin Film and Printed Battery Market - Regional Insights

The thin film and printed battery market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The North American market shares are the largest due to the high demand for wearables that use thin-film and printed batteries. Implant surgeries are in high demand, propelling demand for implantable medical devices requiring thin-film batteries and printed batteries to function. A high concentration of leading battery manufacturers, such as Blue Spark Technologies, Brightvolt Inc., etc., also influences the market growth.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The key players in the global thin film and printed battery market are Blue Spark Technologies, STMicroelectronics, Brightvolt, Inc., Samsung SDI Co Ltd, Cymbet Corporation, Prologium, Excellatron Solid State, Inc., Panasonic Corporation, Jiangsu Enfucell Flexible Electronics Co., Ltd., Fullriver Battery New Technology Co., Ltd., Apple Inc., LG Chem Ltd., Enfucell Oy Ltd., Ultralife Corporation, Prelonic Technologies, Flexel, Molex, and other prominent players.

There are several industry players in this highly fragmented market. Those companies invest heavily in R&D activities, innovate and improve the energy capacity, and focus on regional expansion to broaden their customer base. Moreover, the market is characterized by intense competition, including strategies as mergers, acquisitions, partnerships, and collaborations.

Recent Developments

  • In September 2021, Heilind Electronics, a US-based global distributor of electronic components and an authorized global distributor of Molex, a US-based consumer electronics company, announced that it had expanded its selection of electronic component solutions with the company's disposable thin film batteries.
  • In August 2021, Sakuu, a US-based manufacturer of solid-state lithium-ion batteries, announced to have developed a printed lithium-metal solid-state battery that is half the size and one-third of the weight of their lithium-ion counterparts.

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Million

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia

Product Service/Segmentation

By Type, By Voltage, By Capacity, By Rechargeability, By Application, By Region

Key Players

Blue Spark Technologies, STMicroelectronics, Brightvolt, Inc., Samsung SDI Co Ltd, Cymbet Corporation, Prologium, Excellatron Solid State, Inc., Panasonic Corporation, Jiangsu Enfucell Flexible Electronics Co., Ltd., Fullriver Battery New Technology Co., Ltd., Apple Inc., LG Chem Ltd., Enfucell Oy Ltd., Ultralife Corporation, Prelonic Technologies, Flexel, Molex, and other prominent players

 

By Type

  • Thin Film Batteries
  • Printed Batteries

By Voltage

  • <1.5V
  • 1.5-3V
  • >3V

By Capacity

  • <10 mAh
  • 10-100 mAh
  • >100 mAh

By Rechargeability

  • Primary Batteries
  • Secondary Batteries

By Application

  • Consumer Electronics
  • Wireless Sensors
  • Medical Devices
  • Smart Packaging
  • Smart Cards
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)

Frequently Asked Questions:

Ans: The global thin film and printed battery market reached USD 98.2 million in 2020.
Ans: The major factors driving the growth of the global thin film and printed battery market are the expanding penetration of IoT devices and technological advancements in thin film and printed battery.
Ans: The key players in the global thin film and printed battery market are: Blue Spark Technologies, STMicroelectronics, Brightvolt, Inc., Samsung SDI Co Ltd, Cymbet Corporation, Prologium, Excellatron Solid State, Inc., Panasonic Corporation, Jiangsu Enfucell Flexible Electronics Co., Ltd., Fullriver Battery New Technology Co., Ltd., Apple Inc., LG Chem Ltd., Enfucell Oy Ltd., Ultralife Corporation, Prelonic Technologies, Flexel, Molex, and other prominent players.
Ans: The consumer electronics segment accounted for the largest share in the global thin film and printed battery market.
Ans: North America has the largest share in the global thin film and printed battery market.