Product Code: A09769
According to a new report published by Allied Market Research, titled, "Thin Film Battery Market," The thin film battery market was valued at $0.4 billion in 2022, and is estimated to reach $2.5 billion by 2032, growing at a CAGR of 19.8% from 2023 to 2032.
The thin film battery market growth find extensive use in portable electronic devices, such as smartphones, smartwatches, and fitness trackers. The compact size and flexibility of thin film batteries make them ideal for integration into these devices, providing a reliable and long-lasting power source. In the medical field, thin film batteries are used to power implantable medical devices like pacemakers and neurostimulators. These batteries offer a high energy density, allowing them to power the devices efficiently while maintaining a compact size. Additionally, their solid-state nature eliminates the risk of leakage, making them safer for use in implantable devices.
The growing trend of interconnected smart devices in the IoT landscape demands compact and lightweight power sources. Thin film batteries fit this requirement perfectly, as they can be integrated into sensors, wearable devices, and other IoT components without adding significant bulk. Their long lifespan and low self-discharge rate make them ideal for powering IoT devices. The aerospace and defense industries benefit from thin film batteries due to their lightweight nature and ability to withstand extreme conditions. These batteries can be used in satellites, unmanned aerial vehicles (UAVs), and military equipment, providing a reliable and durable power source for critical operations.
Significant advancements have been made in the development of thin film batteries, with ongoing research focused on improving their energy density, cycle life, and charge/discharge rates. One area of exploration is the use of new materials, such as solid-state electrolytes and high-capacity electrodes, to enhance the performance of these batteries.
Additionally, efforts are being made to optimize the fabrication processes of thin film batteries, enabling large-scale production at lower costs. Techniques such as roll-to-roll manufacturing and inkjet printing are being explored to achieve high-throughput and cost-effective production of thin film battery components.
The demand for thin film batteries in wearable devices is witnessing a significant increase. The market for thin film batteries has witnessed a significant surge in demand, primarily driven by the rapidly growing popularity of wearable devices. These batteries, characterized by their slim and flexible design, have become a crucial power source for various wearable technologies such as smartwatches, fitness trackers, and augmented reality (AR) glasses. Wearable devices have revolutionized the way we interact with technology, providing users with convenient and portable solutions that seamlessly integrate into their daily lives. However, to ensure optimal performance and longevity, these devices require compact and lightweight power solutions that can be easily integrated into their designs.
Thin film batteries offer the ideal solution to this demand. These batteries are remarkably thin, with thicknesses ranging from a few micrometers to a few millimeters, and can be customized to fit the specific form factors of wearable devices. Their flexible nature allows them to be seamlessly integrated into the device's design, conforming to the contours of the product without adding bulk or compromising user comfort.
The thin film battery market size is segmented into chargeability, voltage, application, and region. On the basis of chargeability, the market is bifurcated as rechargeable and disposable. As per voltage, the market is divided into below 1.5V, 1.5V to 3V, and above 3V. According to application, the market is divided into wearable devices, medical devices, consumer electronics, smart cards, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The thin film battery market is comprised of several notable players driving its growth. These industry leaders include Angstrom Engineering Inc., Enfucell, Excellatron, Front Edge Technology, Inc., Imprint Energy, LG Chem, Molex, NEC Corporation, Soleras Advanced Coatings, and STMicroelectronics. Each of these companies brings unique expertise and technologies to the market, contributing to the advancement of thin film battery technology.
Key findings of the study:
- By chargeability, the rechargeable segment was the highest revenue contributor, which accounted for more than half of the rthin film battery market share.
- As per voltage, the below 1.5V segment was the highest revenue contributor to the market.
- Depending on the application, the wearable devices segment was the highest revenue contributor to the thin film battery market forecast with a CAGR of 19.4%.
- Region-wise, North America dominated the global thin film battery market industry 2022.
Key Benefits For Stakeholders:
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the thin film battery market analysis from 2022 to 2032 to identify the prevailing thin film battery market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the thin film battery market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global thin film battery market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Chargeability
By Voltage Range
- Below 1.5V
- 1.5V to 3V
- Above 3V
By Application
- Wearable Devices
- Medical Devices
- Consumer Electronics
- Smart Cards
- Others
By Region
- North America
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players:
- Angstrom Engineering Inc
- Enfucell
- Excellatron
- Front Edge Technology, Inc.
- Imprint Energy
- LG Chem
- Molex
- NEC CORPORATION
- Soleres Advanced Coating
- STMicroelectronics N.V.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Increase in demand for thin film batteries in wearable devices
- 3.4.1.2. Rise in the use of thin film batteries in energy harvesting
- 3.4.2. Restraints
- 3.4.2.1. The limited energy density of thin film battery
- 3.4.3. Opportunities
- 3.4.3.1. The surge in demand for medical implants
- 3.5. COVID-19 Impact Analysis on the market
- 3.6. Key Regulation Analysis
- 3.7. Value Chain Analysis
CHAPTER 4: THIN FILM BATTERY MARKET, BY CHARGEABILITY
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Rechargeable
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Disposable
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: THIN FILM BATTERY MARKET, BY VOLTAGE RANGE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Below 1.5V
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. 1.5V to 3V
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Above 3V
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
CHAPTER 6: THIN FILM BATTERY MARKET, BY APPLICATION
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Wearable Devices
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Medical Devices
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Consumer Electronics
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Smart Cards
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- 6.6. Others
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
CHAPTER 7: THIN FILM BATTERY MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Chargeability
- 7.2.3. Market size and forecast, by Voltage Range
- 7.2.4. Market size and forecast, by Application
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Key market trends, growth factors and opportunities
- 7.2.5.1.2. Market size and forecast, by Chargeability
- 7.2.5.1.3. Market size and forecast, by Voltage Range
- 7.2.5.1.4. Market size and forecast, by Application
- 7.2.5.2. Canada
- 7.2.5.2.1. Key market trends, growth factors and opportunities
- 7.2.5.2.2. Market size and forecast, by Chargeability
- 7.2.5.2.3. Market size and forecast, by Voltage Range
- 7.2.5.2.4. Market size and forecast, by Application
- 7.2.5.3. Mexico
- 7.2.5.3.1. Key market trends, growth factors and opportunities
- 7.2.5.3.2. Market size and forecast, by Chargeability
- 7.2.5.3.3. Market size and forecast, by Voltage Range
- 7.2.5.3.4. Market size and forecast, by Application
- 7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Chargeability
- 7.3.3. Market size and forecast, by Voltage Range
- 7.3.4. Market size and forecast, by Application
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Key market trends, growth factors and opportunities
- 7.3.5.1.2. Market size and forecast, by Chargeability
- 7.3.5.1.3. Market size and forecast, by Voltage Range
- 7.3.5.1.4. Market size and forecast, by Application
- 7.3.5.2. France
- 7.3.5.2.1. Key market trends, growth factors and opportunities
- 7.3.5.2.2. Market size and forecast, by Chargeability
- 7.3.5.2.3. Market size and forecast, by Voltage Range
- 7.3.5.2.4. Market size and forecast, by Application
- 7.3.5.3. UK
- 7.3.5.3.1. Key market trends, growth factors and opportunities
- 7.3.5.3.2. Market size and forecast, by Chargeability
- 7.3.5.3.3. Market size and forecast, by Voltage Range
- 7.3.5.3.4. Market size and forecast, by Application
- 7.3.5.4. Spain
- 7.3.5.4.1. Key market trends, growth factors and opportunities
- 7.3.5.4.2. Market size and forecast, by Chargeability
- 7.3.5.4.3. Market size and forecast, by Voltage Range
- 7.3.5.4.4. Market size and forecast, by Application
- 7.3.5.5. Italy
- 7.3.5.5.1. Key market trends, growth factors and opportunities
- 7.3.5.5.2. Market size and forecast, by Chargeability
- 7.3.5.5.3. Market size and forecast, by Voltage Range
- 7.3.5.5.4. Market size and forecast, by Application
- 7.3.5.6. Rest of Europe
- 7.3.5.6.1. Key market trends, growth factors and opportunities
- 7.3.5.6.2. Market size and forecast, by Chargeability
- 7.3.5.6.3. Market size and forecast, by Voltage Range
- 7.3.5.6.4. Market size and forecast, by Application
- 7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Chargeability
- 7.4.3. Market size and forecast, by Voltage Range
- 7.4.4. Market size and forecast, by Application
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Key market trends, growth factors and opportunities
- 7.4.5.1.2. Market size and forecast, by Chargeability
- 7.4.5.1.3. Market size and forecast, by Voltage Range
- 7.4.5.1.4. Market size and forecast, by Application
- 7.4.5.2. Japan
- 7.4.5.2.1. Key market trends, growth factors and opportunities
- 7.4.5.2.2. Market size and forecast, by Chargeability
- 7.4.5.2.3. Market size and forecast, by Voltage Range
- 7.4.5.2.4. Market size and forecast, by Application
- 7.4.5.3. India
- 7.4.5.3.1. Key market trends, growth factors and opportunities
- 7.4.5.3.2. Market size and forecast, by Chargeability
- 7.4.5.3.3. Market size and forecast, by Voltage Range
- 7.4.5.3.4. Market size and forecast, by Application
- 7.4.5.4. South Korea
- 7.4.5.4.1. Key market trends, growth factors and opportunities
- 7.4.5.4.2. Market size and forecast, by Chargeability
- 7.4.5.4.3. Market size and forecast, by Voltage Range
- 7.4.5.4.4. Market size and forecast, by Application
- 7.4.5.5. Australia
- 7.4.5.5.1. Key market trends, growth factors and opportunities
- 7.4.5.5.2. Market size and forecast, by Chargeability
- 7.4.5.5.3. Market size and forecast, by Voltage Range
- 7.4.5.5.4. Market size and forecast, by Application
- 7.4.5.6. Rest of Asia-Pacific
- 7.4.5.6.1. Key market trends, growth factors and opportunities
- 7.4.5.6.2. Market size and forecast, by Chargeability
- 7.4.5.6.3. Market size and forecast, by Voltage Range
- 7.4.5.6.4. Market size and forecast, by Application
- 7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Chargeability
- 7.5.3. Market size and forecast, by Voltage Range
- 7.5.4. Market size and forecast, by Application
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Brazil
- 7.5.5.1.1. Key market trends, growth factors and opportunities
- 7.5.5.1.2. Market size and forecast, by Chargeability
- 7.5.5.1.3. Market size and forecast, by Voltage Range
- 7.5.5.1.4. Market size and forecast, by Application
- 7.5.5.2. South Africa
- 7.5.5.2.1. Key market trends, growth factors and opportunities
- 7.5.5.2.2. Market size and forecast, by Chargeability
- 7.5.5.2.3. Market size and forecast, by Voltage Range
- 7.5.5.2.4. Market size and forecast, by Application
- 7.5.5.3. Saudi Arabia
- 7.5.5.3.1. Key market trends, growth factors and opportunities
- 7.5.5.3.2. Market size and forecast, by Chargeability
- 7.5.5.3.3. Market size and forecast, by Voltage Range
- 7.5.5.3.4. Market size and forecast, by Application
- 7.5.5.4. Rest of LAMEA
- 7.5.5.4.1. Key market trends, growth factors and opportunities
- 7.5.5.4.2. Market size and forecast, by Chargeability
- 7.5.5.4.3. Market size and forecast, by Voltage Range
- 7.5.5.4.4. Market size and forecast, by Application
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. Enfucell
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.2. STMicroelectronics N.V.
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.3. Imprint Energy
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.4. LG Chem
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.5. Excellatron
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.6. Molex
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.7. Angstrom Engineering Inc
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.8. Front Edge Technology, Inc.
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.9. NEC CORPORATION
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.10. Soleres Advanced Coating
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio