Global Thin Film & Printed Battery Market - 2021-2028

Global Thin Film & Printed Battery Market - 2021-2028

Market Overview

The Global Thin Film and Printed Battery market size was worth US$ XX million in 2020 and is estimated to reach US$ XX million by 2028, growing at a CAGR of XX% during the forecast period (2021-2028).

Thin Film and Printed Battery refer to a solid-state battery manufactured using the thin film construction process. The unique thin film construction process allows the battery layer stacks to be just a few nanometers thick, thereby reducing the overall size of the battery. Thin film batteries have a better energy density, better safety, longer cycle life and lower manufacturing costs.

Thin film and printed batteries have various applications such as wireless sensors, wearable devices, implantable medical devices, RFID tags, renewable energy storage devices, etc. Conventional electronic manufacturers also use thin film batteries to reduce the thickness of existing devices and make them more lightweight.

Market Dynamics

The global thin film and printed battery market are driven by the growing demand for wireless sensors utilized in IoT and smart devices and the greater adoption of renewable energy sources, which requires battery storage, especially in remote and off-grid areas. However, the lack of standardization and the complexity involved in manufacturing the thin film batteries presents challenges to the growth of the market.

Growing adoption of wearable electronic and IoT devices

A thin film battery has flexible cells stacked in a few micron thick layers, allowing for packing more energy density in a smaller compact size. It provides usage of cheaper voltages and allows greater flexibility in manufacturing. Massive growth has been witnessed in the use of personal wearable and IoT devices. The utilization of thin film batteries only can fulfill the energy requirements of these devices.

The ongoing miniaturization of conventional electronics

The trend of minimizing the size of conventional electronics such as smartwatches, smartphones, televisions is going on. The ongoing miniaturization of electronics demands a smaller form factor for electronic components. Thin film cell batteries are lightweight and compact which allows for form shrinking while maintaining the same energy density, which cannot be achieved by conventional batteries.

Increasing complexity and lack of standardization

As the drive towards miniaturization of electronic devices increases, each reduction in form factor brings increasing complexity to the battery design. The increasing complexity presents new challenges for fabricating the battery components. The balance between optimum battery performance and component size gets disturbed under current fabrication methods.

COVID-19 Impact Analysis

The global thin film and printed battery market underwent a major decline in sales and demand due to the COVID-19 as numerous countries have implemented regulations and lockdown to curb the pandemic, which ultimately diminished the production potential of these nations along with the sales of previously finished products. The pandemic's knock-on effect on the global supply chain has further exacerbated the decline, causing shortages of key electronic components. It has also adversely affected new investments by key players in the industry.

However, the COVID-19 pandemic presents new opportunities for the industry, particularly in the healthcare sector. Healthcare systems around the world have buckled under the strain of this pandemic. The social distancing rules and strain on healthcare resources have led doctors and healthcare workers to prefer remote monitoring instead of in-person visitations. Going forward, the increasing adoption of personal health monitoring devices and the growth in telemedicine will be key in driving growth for the thin film battery market.

Segment Analysis

The global thin film and the printed battery are segmented based on construction type, voltage, capacity, rechargeability, applications and Region. The global thin film and printed battery segment are segmented into consumer electronics, wireless sensors, smart construction, medical devices and others based on application.

Consumer electronics dominate the segment, owing to the increased miniaturization of electronics and widespread adoption of wearable devices globally. The adoption of thin film batteries is also seen in backup systems for low-power renewable energy systems. Several leading players are developing new technologies to increase the energy density and reduce the size of thin film batteries.

Geographical Analysis

North America accounts for the largest market share in the global thin film and printed battery market. Many of the industries that currently utilize thin film and printed batteries, such as space exploration, microelectronics, IoT, are dominated by U.S. However, in the long term, Asia-Pacific is expected to account for the largest market share, due to shifting patterns of consumption and the presence of big markets such as India and China.

Competitive Landscape

The global thin film and printed battery market are highly competitive due to the presence of a multitude of battery types with various energy density levels and form factors suited for a wide variety of applications. Some of the key players contributing to the market's growth include Samsung SDI Co. Ltd, Panasonic Corporation, Enfucell OY, STMicroelectronics, Brightvolt, Inc. Batteries, Excellatron, NEC Corporation, Jiangsu Electronics, Cymbet Corporation, among others. The major players are adopting several growth strategies such as new product launches and joint ventures, which contribute to the market's growth globally.

Blue Spark Technologies:

Overview: Blue Spark Technologies is a thin film battery manufacturer headquartered in Westlake, Ohio, U.S. It was founded in 2002. The company is one of the leading producers of flexible and wearable electronics solutions through printed electronics.

Product Portfolio: Blue Spark UT (Ultra Thin) Series is a 625-micron thick 1.5V battery capable of delivering 12 mAh of energy.

Key Development: In 2018, BlueSpark Technologies released TempTraq, a single-use thermometer in the form of a direct skin contact patch that can monitor and wirelessly transmit a patient’s temperature over a period of 72 hours. TempTraq uses the company’s proprietary thin film battery.

Why Purchase the Report?
• Visualize the composition of the thin film and printed battery market segmentation by construction type, voltage, capacity, chargeability and application, highlighting the key commercial assets and players.
• Identify commercial opportunities in the thin film and printed battery market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of thin film and printed battery market-level 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The global thin film and printed battery market report would provide approximately 72 market data tables, 70 figures and 180 pages.

Target Audience 2022
• Thin Film and Printed Battery Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Healthcare device manufacturers
• Consumer Electronics manufacturers
• Thin Film and Printed Battery manufacturers
• Conventional battery manufacturers
• Lithium processors