Thin Film Battery Market Report Key Players: STMicroelectronics, NEC Corporation, Cymbet Corporation, FDK Corporation, Thinfilm, Flexel, Enfucell Oy, Imprint Energy, Jenax, Inc., BrightVolt, Inc., Prelonic Technologies, Blue Spark Technologies, Ilika PLC,

The chargeable and disposable battery are the two-major product categories of the thin film battery market. Chargeable batteries are suitable for wireless sensors networks and have accounted for over 40% of the overall industry revenue in 2015. The other type, i.e. disposable thin film battery acts as energy source for semi-battery-assisted passive RFID, greeting cards, toys, consumer music, semi-active tags with sensors, and one-time password display type smart cards. Disposable thin film battery market is estimated to register a CAGR of 20% over the period of 2016-2024.

The ability of thin film batteries to perform better makes its adoption more common in medical devices, wearable electronics, consumer products, smart cards, RFID, sensors, and backup power applications. Increasing number of mobile users along with rising adoption of smart cards, SIM cars, EMV cards will stimulate the thin film battery industry share. The smart card application is projected to surpass USD 130 million by 2024. These batteries also find important application in security systems, as RFID and sensors are used to monitor risks related to cyber security and financial crimes augmenting the thin film battery market outlook.

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The rising adoption of EMV chip enabled credit cards integrated with thin film batteries will drive U.S. thin film battery market, which contributed to more than 80% of the overall revenue in 2015, with a valuation of more than USD 70 million. Experts state that more than 90% of the credit cards in the United States may be enabled with EMV chip technology by 2018. Rising implementation of these cards across the region is likely to spur U.S. thin film battery industry.

Smart technologies have penetrated across various geographies ever since their inception, and the Asia Pacific region is no exception. The high demand for smart appliances and wearable electronic devices across emerging economies such as China, India, and Japan will fuel Asia Pacific thin film battery market over the coming seven years. India and China are expected to be the chief revenue contributors.

The rise in per capita income and the increasing requirements for appliances such as smart watches will propel India thin film battery market, which was worth USD 2 million in 2015. The Internet of Things is being incorporated widely across consumer electronics, which has increased the demand for portable electronic appliances. This has subsequently stimulated China thin film battery industry, which is predicted to cross USD 100 million by 2024. In addition, the rising demand for battery-operated electric vehicles in the region will also propel the industry growth.

The governments of various nations are focusing on increasing the investments in high quality electronic and medical equipment, both of which will require large-scale deployment of thin film batteries. The Brazilian government also seems to be thinking along similar lines, as there have been reports of the nation spending heavily on high tech equipment and technological innovations. Brazil accounted for more than 35% of the regional thin film battery market in 2015, and is slated to exhibit remarkable growth prospects over 2016-2024, driven by the high adoption of EMV chip enabled cards for authentication purposes in the BFSI sector.

MEA is another region that is expected to observe high growth. Powered by the changing customer inclination toward portable consumer electronic devices, Saudi Arabia thin film battery market will grow at a CAGR of more than 26% over 2016-2024.

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Thin film battery industry from smart card applications was worth more than USD 10 million in 2015. These cards are being adopted extensively across the European industrial and commercial sectors, owing to which Europe thin film battery market is expected to grow remarkably over the next few years, with UK and Germany being the chief contributors. In 2015, UK thin film battery industry was worth more than USD 12 million. High deployment of automated technology in medical devices is likely to propel the regional growth.

On the other hand, Germany is observed to be making enormous investments in high quality healthcare equipment such as optical products, medical imaging, and dental accessories, which is anticipated to spur Germany thin film battery market. Germany's contribution toward the regional revenue was more than 30% in 2015, and this industry is expected to record significant gains over the coming years of 2016-2024.

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