The Global Flexible Thin Film and Printed Battery Market to Develop at CAGR of 17.50% by 2026

Triton Market Research presents the Global Flexible Thin Film and Printed Battery Market segmented by Application (Smart Packaging, Energy Harvesting, Power Bank, RFID, Smart Cards, Wearable Technology [Foot-Worn Wearable, Wrist-Worn Wearable, Skin Patches, Others Wearables], Connected Devices, Smartphone), Chargeability (Non-Rechargeable, Rechargeable), Material (Printed Zinc Battery, Thin Flexible Supercapacitor, Curved Lithium-Ion Battery, Thin Lithium battery, Thin-Film Lithium-Polymer Battery), Capacity, and Geography (North America, Asia-Pacific, Latin America, Middle East and Africa, Europe). It further discusses the Market Summary, Industry Outlook, Key Insights, Impact of COVID-19, Porter's Five Forces Analysis, Market Attractiveness Index, Vendor Scorecard, Key Market Strategies, Value Chain Analysis, Drivers, Challenges, Opportunities, Competitive Landscape, Methodology & Scope, Global Market Size, Forecasts & Analysis (2021-2026).

Triton's report infers that the global flexible thin film and printed battery market is estimated to grow with a CAGR of 17.50% during the considered phase 2021-2026.

Flexible electronics refers to the production of intelligent, scalable products with multiple new applications. Moreover, the printed battery is among the most promising applications of flexible electronics, widely used in smart packaging, energy harvesting, RFID, and smart cards, among others.

The printing technology can be employed independently to manufacture printed batteries; however, its full potential can be harnessed by integrating them with printed devices. In recent years, there is a growing demand for printed
electronics and is estimated to increase soon.

Hence, the growth in printed electronics, coupled with the production of rechargeable batteries, is likely to open new opportunities for the flexible thin film and printed battery market. However, the low density of energy and cost constraints might hinder the growth of the studied market.

Globally, the Asia-Pacific is expected to observe the fastest growth rate in the flexible thin film and printed battery market during the forecast period. IoT technology has entered every industry in China, such as transportation, healthcare, manufacturing, and pollution reduction. Moreover, the government is taking steps to develop IoT as a national power. This rise in IoT will enhance the demand for various components like flexible batteries. Hence, these factors are likely to widen the scope and growth of the flexible thin film and printed battery market across China, supporting the overall region's growth.

The major companies in the flexible thin film and printed battery market are Enfucell OY, Excellatron Solid State LLC, Prologium, Blue Spark Technologies, Brightvolt, Molex Electronics, Samsung SDI, STMicroelectronics NV, LG Chem Ltd, Imprint Energy Inc, Jiangsu Enfucell Flexible Electronics Ltd, Panasonic Corporation, Ultralife Corporation, Energy Diagnostics, and Cymbet Corporation.

The threat of new players is likely to be from moderate to high in the market, owing to the wider application of thin-film batteries. Factors such as growing demand for energy, rising consumer electronics market, and government support are responsible for the entry of new players within the market. Furthermore, several companies are partnering to expand their share in the market. For instance, NIO and Prologium have signed a strategic cooperation agreement in Taiwan, which states that both the companies will set a short-term goal of creating a prototype using Prologium solid state battery pack.

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This release was published on openPR.