Smartphone Battery Market Analysis, Size, Share, Growth, Key Trends and Forecast 2021-2030

Smartphone battery is a type of battery that is small chemical energy storage devices. When we plug in our smartphone, power is used to restart a chemical reaction within the battery, transporting electrons from the negative anode to the cathode — the positive end of the battery. Once charged, the battery may generate power by moving electrons through a circuit, in this case a smartphone, to the anode, and will continue to do so until all of the electrons in the battery have transferred to the anode or a built-in switch disconnects the battery.

The li-ion battery has been around the longest of the two major types of cell phone batteries, and it was the first to be utilized in smartphones. They are chemically composed of a positive electrode, a negative electrode, and an electrolyte. A lithium compound, such as lithium manganese oxide, lithium iron phosphate, or lithium cobalt oxide, serves as the positive electrode. The negative electrode is often graphite, while the electrolyte is typically a carbonate, such as diethyl carbonate or ethylene carbonate. All these factors are assisting the growth for smartphone battery market share globally.

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The smartphone battery market share is segmented into type, application, and region. Based on type, the market is classified into lithium-ion battery and nickel metal hydride battery. On the basis of application, it is divided into smartphone and non-smartphone. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players operating in the smartphone battery market include LG Chem, Sunwoda Electronic, DESAY, Murata, BYD, SAMSUNG SDI, COSMX, TWS, Panasonic (Sanyo), ATL. These key players focus on R&D activities related to smartphone battery technologies and adopt various strategies such as acquisition, mergers, collaboration, and others to enhance products in the market.

COVID-19 impact analysis

The COVID-19 pandemic had a minor impact on the smartphone battery market growth. The predicted growth of the market in the current COVID-19 condition is expected to drop as the pandemic restricts the supply of batteries and other components due to major disruptions in enterprises and the global economy. The current scenario has had an influence on the battery industry's supply chain. Key battery components are primarily made in Asia Pacific.

The COVID-19 issue has highlighted the region's overdependence on critical raw materials, particularly China. The shutdown of operations in China and other Asia Pacific countries has had a significant impact on battery makers in the U.S., Germany, and Australia. It has also resulted in constrained production, resulting in a significant decrease in company inputs. The recovery is dependent on government aid, corporate debt levels, and how enterprises and markets deal with reduced demand. All these factors are hampering the growth for smartphone battery market size globally.

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Top impacting factors

One of the most significant characteristics for consumers is battery life of their smartphones. Smartphones are used in a variety of ways, and how one person uses a device may be very different from how another person uses a device. The increase in use of smartphones has positively impacted the smartphone battery market forecast. However, these batteries contain toxic substances such as acids and heavy metals like mercury and lead. In July 2007, a fire caused by lithium-ion batteries ignited more than 132,000 liters of chemicals, forcing the closure of two major roads in the UK. It is required to store expended batteries in watertight containers, away from other flammable and combustible objects. As used batteries retain residual charge, there is a risk of unintentional discharge, which can cause damage to property and people, which is a restraining factor for the smartphone battery market growth.

Market trends

New product launches to flourish the market

In December 2020, GS Yuasa Corporation, a Kyoto-based Japanese company specializing in the development and production of lead acid and lithium-ion batteries announced the debut of its LIM30HL line of industrial lithium-ion battery modules. While the LIM30HL series battery modules have the same dimensions as the old LIM25H series, they are upwardly compatible and have a larger rated capacity and lower internal resistance. In June 2021, Galaxy M32, a new M-series smartphone from Samsung, a South Korean multinational electronics company, was released in India. The smartphone was introduced in a soft launch (there will be no virtual launch event) on Amazon India and Samsung online shop. The Samsung Galaxy M32 is powered by a 6,000 mAh battery and has an FHD+ sAMOLED display with a refresh rate of 90 Hz and brightness of 800 nits.

Surge in usage in making of smartphones

As smartphones become more powerful, the semiconductors and operating systems that power them become more energy efficient; nonetheless, we still live with handsets that last only a day or two before needing to be recharged. We are still a long way from a phone that can last a week, but the tech world is on the verge of a power revolution that will increase battery life to complement the expanding trends in smartphone technology. The lithium-ion battery powers everything from smartphones to tablets, electric cars to pacemakers.

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Key benefits of the report

• This study presents the analytical depiction of the smartphone battery industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight smartphone battery market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the smartphone battery market opportunity.
• The report provides a detailed smartphone battery market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the research report

• Which are the leading players active in the smartphone battery market?
• What are the detailed impacts of COVID-19 on the market?
• What current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?

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