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Thin Film Battery Market by Emerging Trends and Competitive Landscape Forecast To 2024

Author : Ronak Bora | Published Date : 2020-09-11 

Global Thin Film Battery Market is expected to grow at over 25% CAGR to surpass USD 1 billion by 2024. Shift in consumer lifestyle owing to the adoption of wearable electronic devices will propel the industry growth. Increased energy storage devices coupled with emerging demand for compact battery will complement the industry growth. Rising adoption of EMV chips and other smart cards in various applications to improve security will propel the business growth. Rising demand for flexible energy storage devices with higher lifetime will stimulate the thin film battery demand. Advanced features with personalized design will open lucrative growth opportunities for thin film battery market.

The various benefits allied with the use of thin film battery in electronics include lower cost, less weight, higher energy density, and smaller footprint. Increasing demand for light weight, compact, and portable products have spurred the growth for thin film battery market. Internet of things has contributed towards a great deal in regards with increasing application of thin film battery in phablets and smartphones coupled with its utilization in sensor networks. Rising standard of living with high disposable incomes will generate increased adoption for wearable devices including watches, smart fabrics, fitness trackers, and glasses and will in turn favor the thin film battery industry trends.

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The chargeable and disposable battery are the two-major product categories of the thin film battery industry. Chargeable batteries are suitable for wireless sensors networks and have accounted for over 40% of the overall industry revenue in 2015. The other type, i.e. disposable thin film battery acts as energy source for semi-battery-assisted passive RFID, greeting cards, toys, consumer music, semi-active tags with sensors, and one-time password display type smart cards. Disposable thin film battery market is estimated to register a CAGR of 20% over the period of 2016-2024.

Increasing adoption of EMV chip card technology in the U.S. will propel the industry growth. Thin film battery market in the U.S. was valued over USD 70 million in 2015 and it has been analyzed that by 2018, 95% credit cards will be EMV chip enabled.

Rising investments towards high class medical equipment in Germany that include dental products, diagnostic imaging and optical technologies will complement the business growth.

Growing demand for wearable electronic devices coupled with rise in the living standards of developing nations including South Korea China and Japan will propel Asia-Pacific market. Increasing adoption of battery vehicles will further complement the industry growth. Thin film battery market in India crossed over USD 2 million in 2015.

Reduction in payment fraud with adoption of EMV chips will boost the industry growth in Brazil. Brazil accounted for 35% of Latin America thin film battery market share in 2015. Brazil will witness huge demand for thin film batteries subject to the government funding up to 9.7% of GDP on health.

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Major participants in thin film battery market are Excellatron, NEC, Imprint Energy, Blue Spark Technology, Prelonic, Cymbet, ST Microelectronics, Flexel, Enfucell, Powerld, Jenax., Thinfilm and Bightvolt.

Table of Contents (ToC) of the report:

Chapter 1    Methodology & Scope

1.1    Methodology

1.1.1    Initial data exploration

1.1.2    Statistical model and forecast

1.1.3    Industry insights and validation

1.1.4    Market definitions & forecast parameters

1.2    Data sources

1.2.1    Secondary

1.2.2    Primary

Chapter 2    Executive Summary

2.1    Thin film battery industry 3600 synopsis, 2013 - 2024

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Application trends

2.1.4    Regional trends

Chapter 3    Thin Film Battery Market Insights

3.1    Industry segmentation

3.2    Industry size and forecast, (USD Million), 2013-2024

3.3    Industry ecosystem analysis

3.4    Vendor matrix

3.5    Innovation & sustainability

3.6    Industry impact forces

3.6.1    Growth drivers

3.6.1.1    Growing demand for portable and flexible electronic devices

3.6.1.2   Increasing adoption of smart cards and RFID

3.6.1.3   Strict government norms towards security

3.6.1.4   Longer cycle life

3.6.1.5   Low self-discharge rate

3.6.2    Industry pitfall and challenges

3.6.2.1    High initial cost

3.7    Regulatory landscape

3.7.1    Europe

3.7.1.1    Battery Directive

3.7.1.2    Secondary European Legislation on Batteries:

3.7.2    UK

3.7.3    Germany

3.7.4    U.S.

3.7.5    China

3.7.5.1    China RoHS Directive

3.7.5.2   Taiwan RoHS Restricted Substances

3.7.6    Japan

3.7.6.1    International Battery Standards and Testing

3.8    Growth potential analysis

3.9    Competitive landscape

3.9.1    Strategy dashboard

3.9.2    Competitive application analysis

3.10  Porter’s analysis

3.11  PESTLE analysis

3.12  Analyst 360 -degree industry perspective

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/thin-film-battery-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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