According to the new research report on " Thin Film and Printed Battery Market Forecast to 2031 - Global and Regional Share, Trends, and Growth Opportunity Analysis," published by The Insight Partners, the thin film and printed battery market size was valued at US$ 197.31 million in 2023 and is anticipated to reach US$ 904.94 million by 2031; it is estimated to record a CAGR of 21.0% from 2023 to 2031.
Thin Film and Printed Battery Market Trend:
Miniaturization of Electronics
In today's fast-paced world, consumer electronics have become integral to everyone's lives. From smartphones to wearable devices, the demand for more powerful and smaller gadgets continue to rise. As consumer electronics continue to shrink in size, traditional battery technologies struggle to keep up with the demand for compact and long-lasting power sources. Thin film and printed batteries, and micropower sources have emerged as a solution to this problem. These thin energy storage devices offer high energy density in a small form factor, making them ideal for powering ever-shrinking consumer electronics.
In order to meet the demands of miniaturization, researchers are exploring new designs and materials to augment energy storage capacity while reducing the size of these batteries. Nanotechnology, for instance, has played a crucial role in developing thin film and printed batteries with higher energy densities and improved cycle life. The applications of thin film and printed batteries extend beyond just smartphones and wearable devices. They are also utilized in medical implants, hearing aids, wireless earphones, and even miniature drones. These energy storage solutions are revolutionizing industries and enabling the development of innovative products that were once unimaginable. Thus, the growing miniaturization of electronic devices will continue to fuel the thin film and printed battery market size.
Thin Film and Printed Battery Market Segmental Overview
The thin film and printed battery market analysis has been carried out by considering the following segments: voltage rating, chargeability, application. Based on voltage rating, the market is divided into below 1.5 V, 1.5 V-3 V, and above 3 V. The below 1.5 V segment held the largest thin film and printed battery market share in 2023, whereas the above 3 V segment is anticipated to record the highest CAGR during 2023-2031. In terms of chargeability, the market is categorized into rechargeable and single-use. The rechargeable segment held a larger thin film and printed battery market share in 2023 and is anticipated to record a higher CAGR during 2023-2031. In terms of application, the market is categorized into consumer electronics, medical devices, smart packaging, smart cards, wireless sensors, and others. The consumer electronics segment accounted for the largest share in the market in 2023, whereas the smart cards segment is anticipated to register the highest CAGR during 2023-2031.
Due to its low voltage output, below 1.5V thin film batteries are suitable for low voltage applications. These batteries are mostly used in portable electronic devices, such as remote controls, toys, and flashlights. Unlike high-voltage batteries, which can be dangerous if misused or mishandled, low-voltage batteries are normally safer to use due to their lower energy output. One of the most conventional application scenarios for low-voltage batteries is in portable electronic devices, such as smartphones, laptops, and tablets. These devices require efficient and compact energy sources that will offer long-lasting power without adding too much bulkiness or weight. Another scenario where these batteries come into play is in medical equipment such as insulin pumps, pacemakers, and other implantable devices. Due to their high efficiency and small size, these types of batteries are ideal for powering life-saving medical equipment.
The 1.5V-3V thin-film batteries operate at -35°C to 50°C temperature range. These batteries are designed for single-use, low-power applications such as biosensors, smart labels, wearable electronics, biometric monitoring devices, and environmental sensors. Applications also include consumer, industrial IoT, and medical. Various players across the globe are providing .5V-3V thin-film and printed batteries. For example, Molex offers 1.5V and 3V thin-film batteries which are low-profile, flexible, and disposable batteries with a small footprint designed for low-power and single-use applications. These thin-film batteries can be applied on a curved surface with a bend radius of 35mm or greater. Thus, the presence of such players in the region propels the growth of the thin film and printed battery market.
The above 3V batteries are ideal for use in flat electronic applications since their thickness of only 0.4 mm is clearly less than that of conventional lithium primary batteries. It can be used for a number of industrial and medical devices. For example, a few of these applications are in smart cards, intelligent textiles, package labels, bracelets, and medical sensors. Various manufacturers across the globe are providing above 3V batteries. For example, CTECHi Technology Co. Ltd provides a new ultra CP042922 3V 18mAh smart cards RFID thin film battery. These batteries are used in medical, patient monitoring, and health tracking devices. Thus, the presence of such battery providers propels the growth of the thin film and printed battery market.
Thin Film and Printed Battery Market Competitive Landscape and Key Developments
Molex LLC, Varta AG, RENATA SA, Enfucell Flexible Electronics Ltd, STMicroelectronics, SAMSUNG SDI CO LTD, Excellatron Solid State LLC, Ultralife Corporation, Ilika, and Imprint Energy are among the prominent players profiled in the thin film and printed battery market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. Several other essential thin film and printed battery market players were analyzed to get a holistic view of the market and its ecosystem. The thin film and printed battery market report emphasizes the key factors driving the market and prominent players' developments.
Key Findings of Study:
The MEA thin film and printed battery market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of MEA. The region is focused on fueling its economy with the domestic manufacturing sector and reducing its dependency on oil-economy. This factor has led to the launch of manufacturing plants in the region. For example, in May 2024, Alat, a company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia, announced the launch of two new business units-Electrification and AI Infrastructure at the Milken Institute Conference in Los Angeles, US. The company specializes in manufacturing semiconductors, smart devices, smart buildings, smart appliances, smart health, and others. The expansion of such companies leads to the smart electronics and medical devices market growth which generates the demand for thin film and printed batteries. With the rise in urbanization and modernization, the demand for smartphones and consumer electronics has surged in the region, which has fueled the MEA thin film and printed battery market growth.
The SAM thin film and printed battery market is segmented into Brazil, Argentina, and the Rest of SAM. The features of thin film and printed batteries, such as thin, flexible, lightweight, and portable, are fueling its adoption in the region for applications such as smart cards, consumer electronics, and smart packaging. The use of these batteries for low-power, single-use applications such as biometric monitoring devices, wearable electronics, biosensors, and smart labels fosters its demand in the region. In addition, the growing awareness regarding fitness has fostered the adoption of smartwatches, fitness trackers, and other wearable technology medical devices to monitor several vitals continuously. Thus, such demand for smart wearable devices has propelled the adoption the thin film and printed batteries and fostered SAM thin film and printed battery market growth.
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