Thin-Film Battery Technology: Market Trends, Top Manufacturers and Opportunities 2023-2028

IMARC Group has recently released a new research study titled "Thin-Film Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The global thin-film battery market size reached US$ 570.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,124.3 Million by 2028, exhibiting a growth rate (CAGR) of 26.71% during 2023-2028.This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Industry Insight:

A thin film battery (TFB) is a type of solid-state lithium-ion-based battery. It encompasses micron-thick layers of the anode, cathode, and electrolyte that are deposited through a physical vapor deposition procedure by thermal evaporation or a sputtering process. It is relatively thinner and smaller than its conventional alternatives and has a flat shape that enables developers to integrate the device into miniaturized electronic systems. Additionally, TFB offers enhanced performance, efficiency, better energy density, improved endurance to higher temperatures, and lower risks of electrolyte leakage. Consequently, it finds extensive applications in radio-frequency identification (RFID) and consumer electronic devices.

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Thin-Film Battery Market Trends and Opportunities

Innovations in Flexible and Wearable Electronics Fuel Growth of Thin-Film Battery Market

The ongoing miniaturization of wearable, electronic, and medical tracking devices, including mobile phones, smartwatches, neural stimulators, defibrillators, and pacemakers, is primarily driving the market growth. Additionally, the increasing demand for wireless sensors in the internet of things (IoT)-enabled machines are favoring the thin-film battery market growth. Moreover, the widespread product incorporation in smart cards and e-cards for transportation, identification and authentication practices, data storage, and application processing are propelling the market growth. Additionally, the continuous development of innovative product variants, such as small-size and lightweight TFB, along with their extensive usage in cash transaction cards and RFID tags, are impelling the market growth. Besides this, continuous product diversifications and significant technological advancements to enhance the charge density, life span, and safety of the battery are positively supporting the market growth.

Report Segmentation: 

The report has segmented the market into the following categories:

Breakup by Technology:

• Thin-Film Lithium
• Thin-Film Lithium Polymer
• Zinc-Based Thin-Film
• Others

Breakup by Battery Type:

• Rechargeable
• Disposable

Breakup by Voltage Type:

• Below 1.5V
• 5V to 3V
• Above 3V

Breakup by Application:

• Smart Cards and RFID
• Medical Applications
• Smart Wearables
• Wireless Sensor Network Systems
• Portable Electronics
• Others

Geographical Analysis:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Thin-Film Battery Companies Covered:

• Blue Spark Technologies
• BrightVolt
• Enfucell Oy
• STMicroelectronics N.V.
• Cymbet Corporation
• Imprint Energy
• Ilika PLC
• LG Chem Ltd,
• Paper Battery Company
• Jenax Inc.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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This release was published on openPR.