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Thin Film Battery Market 2020 - Future Scope Analysis and Development Status by Key Players to 2024

Author : Ronak Bora | Published Date : 2020-08-28 

Thin Film Battery Market to grow at a CAGR of 25% over the forecast period. 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.

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.

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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 thin film battery 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 4    Thin Film Battery Market, By Product

4.1    Thin film battery market share by product, 2015 & 2024

4.2    Product

4.2.1    Global market estimates and forecast, 2013 – 2024

4.2.2    Global market estimates and forecast by region, 2013-2024

4.3    Chargeable

4.3.1    Global market estimates and forecast from chargeable, 2013 - 2024

4.3.2    Global market estimates and forecast from chargeable, by region, 2013-2024

4.4    Disposable

4.4.1    Global market estimates and forecast from disposable, 2013 - 2024

4.4.2    Global market estimates and forecast from disposable, by region, 2013-2024

Chapter 5    Thin Film Battery Market, By Application

5.1    Thin film battery market share by application, 2015 & 2024

5.2    Application

5.2.1    Global market estimates and forecast, 2013 - 2024

5.2.2    Global market estimates and forecast by region, 2013-2024

5.3    Wearable electronics

5.3.1    Global market estimates and forecast from wearable electronics, 2013 – 2024

5.3.2    Global market estimates and forecast from wearable electronics, by region, 2013-2024

5.4    Medical devices

5.4.1    Global market estimates and forecast from medical devices, 2013 – 2024

5.4.2    Global market estimates and forecast from medical devices, by region, 2013-2024

5.5    Smart cards

5.5.1    Global market estimates and forecast from smart cards, 2013 – 2024

5.5.2    Global market estimates and forecast from smart cards, by region, 2013-2024

5.6    Consumer products

5.6.1    Global market estimates and forecast from consumer products, 2013 – 2024

5.6.2    Global market estimates and forecast from consumer products, by region, 2013-2024

5.7    Backup power

5.7.1    Global market estimates and forecast from backup power, 2013 – 2024

5.7.2    Global market estimates and forecast from backup power, by region, 2013-2024

5.8    RFID

5.8.1    Global market estimates and forecast from RFID, 2013 – 2024

5.8.2    Global market estimates and forecast from RFID, by region, 2013-2024

5.9    Sensors

5.9.1    Global market estimates and forecast from sensors, 2013 – 2024

5.9.2    Global market estimates and forecast from sensors, by region, 2013-2024

5.10  Others

5.10.1    Global market estimates and forecast from others, 2013 – 2024

5.10.2    Global market estimates and forecast from others, by region, 2013-2024

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.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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