The Report Thin Film Battery Market Analysis By Battery type (Disposable,
Rechargeable), By Voltage (Below 1.5V, 1.5V to 3V, Above 3V), By Region (North
America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2018 - 2025
The global thin film battery market is expected
to reach USD 1.72 billion by 2025, according to a new report by Grand View
Research, Inc. Rapid adoption of wearable technology in the society, along with
technological advancement is further propelling the market growth.
Thin film battery has
gained huge popularity due to its lightweight and small size characteristics
and is expected to revolutionize the industry. Increasing demand for thin film
battery to power compact devices coupled with improved safety is a major
driving factor for the industry growth in the wearables and medical
applications.
Below 1.5 V thin film
batteries are generally used in low power applications such as smart cards,
wireless micro-sensors, toys, RFID tags, and medical patches. Moreover, most of
the manufacturers are integrating below 1.5 V thin film batteries for various
applications. These properties are expected to have a positive impact on the
industry.
The smart cards and
medical segment are expected to collectively account for 28.7% of the global
market share in 2025. Extensive R&D in the global battery industry on
account of changing needs from various end-use industries has propelled the
development of novel battery, which outperform conventional battery in terms of
their performance and durability.
North America was the
leading region due to rapid adoption of wearable technology by the people. The
consumer is demanding electronics devices which are easy to carry around, which
means it should be small in size and light in weight. The availability of a
variety of thin film battery options and ability of customization is leading to
the expansion of the overall market in this region.
Access Research Report of Thin
Film Battery Market @ https://www.grandviewresearch.com/industry-analysis/thin-film-battery-market
Further key findings from the report suggest:
· The market is expected to grow at a CAGR of
27.4% from 2017 to 2025 on account of increasing adoption of wearable
technology around the world
· Wearable devices will witness fastest
growth in terms of revenue at a CAGR of 29.2% from 2017 to 2025 owing to
extensive introduction of innovative players
· Asia Pacific market is expected to witness
significant development and was valued at USD 42.6 million in 2016 on account
of growing electronics manufacturing industry
· Key participants include Blue Spark Tech,
BrightVolt, Enfucell Oy, ST Microelectronics, Cymbet, Imprint Energy, Ilika
PLC, LG Chem, Jenax Inc. and others. These companies are focused on increasing
their market share by introducing innovative products.
Grand View Research has
segmented the global thin film battery market on the basis of type, voltage,
application and region:
Battery type Outlook (Revenue, USD Million, 2014 - 2025)
·
Disposable
·
Rechargeable
Voltage Outlook (Revenue, USD Million, 2014 - 2025)
·
Below 1.5V
·
1.5V to 3V
·
Above 3V
Application Outlook (Revenue, USD Million, 2014 - 2025)
·
Wearable Devices
·
Medical
·
Consumer Electronics
·
Smart Cards
Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
South & Central America
·
Middle East and Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
