Thin film and printed battery is a new generation of battery technology that offers consistent performance and customized measurements. The printing process enables the deposition of electrode, electrolyte or separator materials and current collector onto a substrate of polyethylene terephthalate (PET) to form both rechargeable and flexible electrodes for battery application. These days, thin film and printed batteries are majorly used in applications where the power is consumed for single use and does not need to be recharged.
Growing necessity of thin film and printed battery solutions in the healthcare sector and increasing adoption of wearable electronic devices such as smart fabrics, watches, glasses, and e-textiles are some of the primary factors driving the thin film and printed battery market globally. Personal care, pharmaceutical and medical devices, and cosmetic patches are major beneficiaries of thin film and printed batteries. Shift in consumer lifestyles is boosting the demand for wearable electronic devices, thereby increasing the growth of the thin film and printed battery market.
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Growing adoption of wireless healthcare monitoring systems and mobile medical devices are also playing an important role in the growth of the thin film and printed battery market globally. Numerous hospitals are implementing various technologies such as mobile health applications, sensors, and remote patient monitoring in order to improve healthcare delivery. Factors such as growing demand for compact size batteries with improved energy storage will further propel the global industry growth.
Also, increasing demand for security systems with radio frequency identification (RFID) technology and sensors in financial institutions to reduce the risk related to cyber security and financial crime are some of the factors that are boosting the growth of the global thin film and printed battery market. Several battery manufacturers are increasingly investing in these thin film and printed batteries, thereby propelling the growth of the market across the globe. However, low energy density of ultra-thin flexible batteries may hamper the growth of the market.
The global thin film and printed battery market can be segmented by product, application, and geography. On the basis of product, the global thin film and printed battery market can be segmented into chargeable batteries and disposable batteries. Chargeable batteries segment is expected to witness significant growth over the forecast period owing to its overheating property. Disposable batteries can be used in consumer music, smart cards, greeting cards and toys. In terms of application, the global thin film and printed battery market can be segmented into wearable electronics, medical devices, smart cards, consumer products, backup power, RFID and sensors. Wearable electronics segment is expected to expand at a moderate rate during the forecast period due to increasing demand for small, lightweight, compact size energy storage sources. Medical devices segment is also expected to expand significantly over the forecast period owing to the growing adoption of disposable medical equipment.
Geographically, the global thin film and printed battery market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to dominate the market during the forecast period due to the growing adoption of EMV chip card technology in the U.S. The market in Asia Pacific is also expected to be on buoyant owing to the rising demand for wearable electronics including smart watches and growing investment in high quality medical equipment.
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The global thin film and printed battery market is moderately consolidated by large number of participants. Some of the key players in the market include Samsung SDI Co. Ltd., Panasonic Corporation, Blue Spark Technologies Inc., STMicroelectronics N.V., Protoflex Corporation, Cymbet Corporation, Enfucell OY Ltd., Imprint Energy, Ultralife Corporation and Flexel LLC.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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