Thin-film Batteries Market

SKU: DMEP656 | Last Updated On: Sep 26 2022 | Available Formats

> Global Thin-film Batteries Market Expected to reach a high CAGR 22% By 2029: DataM Intelligence

Global Thin-film Batteries Market is segmented By Type (Non-Rechargeable, Rechargeable), By Voltage (Below 1.5V, 1.5V, 3.0V, Greater than 3V), By Application (Medical, Wearables, Smart cards, Sensors, and label, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[195 Pages Report] The Global "Thin-film Batteries Market" is expected to grow at a high CAGR of 22% during the forecasting period (2022-2029).

  • The thin-film battery is a form of lithium-ion-based solid-state battery. Thin-film cells conserve space and weight and provide a long life cycle.

  • Its development is motivated by the prospect of combining the advantages of solid-state batteries with the benefits of thin-film manufacturing processes.

  • The layers that make up the anode, cathode, and electrolyte in thin-film batteries are micron-thick and are typically deposited using physical vapor deposition, either by thermal evaporation or a sputtering process.

  • Thin-film construction could lead to improvements in specific energy, energy density, and power density on top of the gains from using a solid electrolyte.

  • It allows for flexible cells only a few microns thick. It may also reduce manufacturing costs from scalable roll-to-roll processing and even allow for the use of cheap materials.

Metrics

Details

Market CAGR

22%

Segments Covered

By Type, By Voltage, By Application, And By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Market Dynamics

  • Compared to conventional batteries, the main feature of thin-film batteries (TFBs) is that they are genuinely all solid-state (no liquid or polymer). 

  • And operating in conditions where other batteries would fail. Thin-film batteries are popular with smart device manufacturers because they’re small and light which makes them ideal for low-power applications.

  • The market for thin-film batteries is being driven by demand for technologies based on the internet of things (IoT), wearables, and portable electronics.

  • Thin-film batteries can be very useful in renewable energy storage devices, smart cards, radio frequency identification (RFID) tags, portable electronics, defibrillators, neural stimulators, pacemakers, and wireless sensors.

  • Other potential markets for thin-film batteries include integrated circuits which require batteries that can withstand the solder reflow process and medical applications that have stringent requirements for safety and durability.

  • Despite huge potential, structural and architectural innovations are needed to tune Thin-film batteries to the needs of future applications. Today’s thin-film battery can only be used for low-power applications.

Thin-film Batteries Industry

  • Thin-film Batteries Market is segmented by Type, voltage, and by application. By Type, Thin-film Batteries are divided into Rechargeable and Non-Rechargeable.

  • Rechargeable batteries provide greater utility than Non-rechargeable batteries. Rechargeable batteries are crucial for wearables and medical devices such as hearing aid devices, cochlear implants, other assistive devices, and various other wireless applications. Rechargeable thin-film batteries are expected to grow at the fastest rate.

  • By Voltage rating, the market is divided into batteries with a rating below 1.5V, 1.5V, 3.0V, and Greater than 3V. By Voltage, batteries greater than 3V accounted for a significant market share. By application, Thin-film Batteries Market is segmented into Medical, Wearables, Smart Cards, Sensors & labels, and others.

  • In the medical field, they are mainly used in implantable medical devices, accelerated healing devices, medical patches, patient monitoring, and transdermal drug delivery systems. Wearables are used in health and fitness trackers, tracking devices, smart clothing, and sleep training.

  • The application of thin-film batteries in wearables is expected to grow at the fastest rate due to multiple smart wearable devices coming to the market.

  • The smart card segment consists of applications such as credit/debit, pre-payment, transit, secure student IDs, employee badges, and online authentication.

  • Most conventional batteries cannot be used for smart cards due to the organic content inside them. The smart card segment accounted for a major share of the market. Sensor and label segments mainly include perishable goods, smart labels, pharmaceutical labels, and asset tracking.

  • Newer generations of active tags require battery power to maintain the ongoing data collection required by sensors. Among other applications, the thin-film battery can be used in the new generation of semiconductors, and integrated circuits such as non-volatile SRAM (nvSRAM).

Market Geographical Analysis

  • By region, the Global Thin-film batteries market is segmented into North America, South America, Asia-pacific, Europe, and the Rest of the world. North America accounted for the largest market for Thin-film batteries.

  • The US has the majority of the innovative start-ups in the Thin-film batteries market which has contributed to the growth of the market in the region.

  • The US and Canada also have developments going on regarding thin-film batteries in the academic field. In Europe, Western Europe mainly Germany has contributed most to the market share of thin-film batteries.

  • In Asia-pacific, Japan, and South Korea have made huge progress in thin-film batteries. China is the largest potential market for the Thin-film battery market and China as well as Taiwan has been making progress in the thin-film battery market. Due to huge market potential coupled with technological innovations, Asia-pacific is expected to be the fastest-growing region during the forecast period.

Manufacturers

  • Some of the crucial players in the Thin-film Batteries Market are BrightVolt, NEC Corp, LG Chem, Cymbet, Molex, Imprint Energy, Inc., Infinite Power Solutions, Excellatron, Front Edge Technology, Blue Spark Technologies, Enfucell Oy, Ascent Solar Technologies, Shenzhen Hai-lei New Energy Co. Ltd, and Guangzhou Fullriver Battery New Technology Co., Ltd.

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FAQ

What is the Growth Rate of the Thin-film Batteries Market?

Grow at a high CAGR of 22% during the forecasting period (2022-2029).

Which Companies Are Included in the Thin-film Batteries Market? 

BrightVolt, NEC Corp, LG Chem, Cymbet, Molex, Imprint Energy, Inc., Infinite Power Solutions, Excellatron, Front Edge Technology, Blue Spark Technologies, Enfucell Oy, Ascent Solar Technologies, Shenzhen Hai-lei New Energy Co. Ltd, and Guangzhou Fullriver Battery New Technology Co., Ltd.

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