North America to dominate the flexible battery market during the forecast period

North America held the largest share of the flexible battery market in 2015. Smart Packaging, wearable devices and smart cards are the major application segments in the North American flexible battery market. These applications requires thin and flexible power source to operate, where flexible battery is a suitable power source for these devices.

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Due to which, the demand for Flexible battery is increasing rapidly in North America region driving the growth of the market .Manufacturers such as Blue Spark Technologies, Inc. (US), Paper Battery Co. Inc. (US), BrightVolt Inc. (US), Flexel LLC (US), NEC Energy Solutions (US) and Ultralife Corporation (US), are based here in this region, which would lead the North American market for flexible battery.

Driver: Increasing miniaturization of electronic devices

There is an increasing demand for miniaturization of devices such as mobile phones, watches, and medical devices, among others, which is boosting the demand for miniaturized components of electronic devices. Various electronic systems and devices are being developed in small sizes, but the size of the battery creates problems for designers to develop miniaturized products. Moreover, the shrinking form factors for implantable to wearable devices creates a need for smaller batteries. Implantable and wearable medical devices can move from the design stage to the marketplace only if miniaturized battery technologies are developed to power them. To be integrated into the wearable devices, such batteries must be both thin and flexible. However, flexible batteries supply low power because of their decreased surface and reduced density. Thus, zinc-based batteries and 3D-printed batteries are being developed to supply power to small devices and also to increase the power supply. This is also expected to help the Internet of Things (IoT) so that each device can communicate with one another to stay connected to a network.
Restraint: Requirement for high initial investment

The development of flexible batteries requires high initial investment, especially in the area of research and development and its manufacturing setup. It requires the implementation of sophisticated and expensive machinery along with the technology for manufacturing flexible battery. As the machinery and technology comes at high cost, it increases the requirement for investments. Manufacturers need to have a separate manufacturing setup to manufacture flexible batteries as the technology differs from conventional batteries. The requirement for high investment acts as restraint, especially for the new entrants in the market. However, with the development and improvement in technology, the manufacturing cost is expected to reduce in the future. Recently, researchers from MIT have developed a manufacturing approach for rechargeable lithium-ion batteries. This is expected to reduce the cost of the manufacturing process and also help in the development of a battery which is flexible and resistant to damage.
Opportunity: Huge opportunity for thin and flexible battery from IoT

Internet of things (IoT) provides network connectivity with the help of physical objects in which software and sensors are utilized to deliver data and exchange the same with the other connected devices. As power requirements for semiconductors are reducing and IoT applications are experiencing rapid growth, many players are looking for flexible form factors to power distributed electronic devices. Applications such as smart cards, RFID, sensors, WSN, smart labels, and packaging require flexibility and thinness to exchange data efficiently. IoT makes use of traditional batteries to supply power to the network. However, in many applications, sensor performance is hampered due to the size of the battery embedded in the device. For this purpose, thin and flexible batteries provide services by harvesting energy for the device. As power requirements for semiconductors are reducing and IoT applications experience rapid growth, many players are looking for flexible form factors to power distributed electronic devices. Thin and flexible batteries provide long shelf time to sensors as they continuously power the sensor. As a result, the use of thin and flexible battery in IoT is expected to the boost this market.

Mr. Shelly Singh
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This release was published on openPR.