Press release
Thin-film Battery Market 2021: In-depth Research with Emerging Growth Trends, Regional Status of Top Key Players, Driving Factors, Business Strategies and Industry Size Forecast to 2028
Thin-film Battery Market
New study report" Thin-film Battery Market 2021 Market Opportunities, Challenges, Strategies, and Forecasts 2028″ has been added to Fortune Business Insights.
Market Overview:
The global thin-film battery market size is anticipated to hit USD 409.2 million by 2028 and exhibit a CAGR of 26.4% during the forecast period. The market size stood at USD 64.9 million in 2020 and USD 79.3 million in 2021.
The report on the Thin-film Battery Market is designed by proficient analysts with the motive to serve on table as an ultimate guide for investors, stakeholders, and people in business to make decisions to augment the growth of the Thin-film Battery market. The report holds market statistics, values, and other factors that can influence the Thin-film Battery market. The market is studied for the forecast period of 2021 to 2028. An in-depth study on the market has been performed to prepare a report maintaining high degree of accuracy thought out. The report details qualitative and quantitative analysis of the Thin-film Battery market. The market overview section elaborates on drivers and constraining factors of the market. Additional causes that are anticipated to cast an impact on the market are also discussed in the report. Our market researchers have meticulously studied the market dynamics to deliver an accurate content-rich report.
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Key Industry Development:
May 2021: STMicroelectronics, one of the world leading semiconductor manufacturers, announced an agreement with Front-Edge Technology (FET), the California based developer of next generation rechargeable batteries. The aim is to enable ST to bring FET's Nano Energy (R) Ultrathin-lithium battery technology to a wide range of new markets and applications.
List of Companies Covered in the Thin-film Battery Market Report:
Blue Spark Technologies
Brightvolt Inc
CYMBET Corporation
Guangzhou Feng Jiang Battery New Technology CO. Ltd
Jenax Inc
Excellatron Inc
Molex
Soleras Advanced Coatings
Front Edge Technology Inc.
Ultralife Corporation
LG Chem
The Kurt J. Lesker Company
Covide-19 Impact:
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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Method of Research:
Fail-safe, modern research methodologies are employed for the Thin-film Battery market analysis. An exhaustive primary and secondary research conducted on the market using robust research techniques aid in the prediction of the market size at the end of forecast period. Top-up and bottom-down approaches were maintained in the entire market study.
Competitive Landscape:
Key Players Adopt Ingenious Strategies to Acquire Growth
The market comprises several key players, including Molex, Blue Spark Technologies, Brightvolt Inc., and others. The key players emphasize technological advancements and vigorous R&D activities to boost their market presence and revenues. They focus on expansions, partnerships, collaborations, and other inorganic growth strategies to augment their positions in the market. For instance, Toyota Motor Corporation partnered with Panasonic Corporation in February 2020 to establish a Prime Planet Energy offering solution for battery manufacturing.
Driving Factors:
Technological Advancements to Foster Market Growth
The safety, life span, and density of thin-film battery have improved due to advancements in recent years. This has increased its demand for smartwatches, medical devices, and electronic devices and led the major players to create technological breakthroughs to make them more flexible and thin. Hence, rising technological advancements are expected to boost the thin-film battery market growth.
The rising adoption of wireless sensors coupled with the increasing use of smart cards for verification processes is expected to stimulate the market growth in the forthcoming years.
However, the high raw materials costs may impede market growth.
Segmentation:
Chargeability, Application, and Region are Studied
On the basis of chargeability, the market is bifurcated into disposable and rechargeable. On the basis of application, the market is categorized into portable electronics, medical devices, smart card & RFID, wearable devices, and others. Geographically, the market is classified into Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa.
Regional Insights:
Technological Advancements to Boost Growth in North America
North America is estimated to dominate the global market due to rising technological developments, increasing research and development activities, and the presence of key market players, including Ultralife Corporation, Blue Spark Technologies, and others.
Asia Pacific is anticipated to attain fastest growth in the global thin-film battery market share. The rising adoption of IoT devices, swiftly developing consumer electronics industry, and increasing product demand are expected to foster growth for the market. Additionally, the rising demand for laptops, smartphones, and other consumer electronics in Singapore, India, China, and Japan is expected to boost the market growth.
Europe is predicted to acquire substantial growth in the forthcoming years due to growing technological developments and strict government safety policies for battery applications.
Latin America is expected to experience considerable growth due to increasing investments in modern medical equipment.
The Middle East & Africa is expected to exhibit significant growth due to rising government investments in R&D activities and healthcare.
Major Table of Content:
Introduction
Executive Summary
Market Dynamics
Key Insights
Thin-film Battery Market Analysis, Insights and Forecast, 2021-2028
North America Thin-film Battery Market Analysis, Insights and Forecast, 2021-2028
Europe Thin-film Battery Market Analysis, Insights and Forecast, 2021-2028
Asia Pacific Thin-film Battery Market Analysis, Insights and Forecast, 2021-2028
Middle East and Africa Thin-film Battery Market Analysis, Insights and Forecast, 2021-2028
Latin America Thin-film Battery Market Analysis, Insights and Forecast, 2021-2028
Market Share Analysis, By Key Players, 2021
Competition Matrix
Company Profile
Continue….
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